Alkane Resources Ltd · ASX:ALK
Alkane Resources — Bell Potter Unearthed (February 2024)
20 slides from Alkane Resources's conference presentation, Feb 15, 2024
Slide 1: Bell Potter Unearthed
For personal use only Bell Potter Unearthed Nic Earner Managing Director 15 February 2024 © 2024 Alkane Resources
Slide 2: Disclaimer
Disclaimer This presentation contains certain forward-looking statements and forecasts, including possible or assumed reserves and resources, production levels and rates, costs, prices, For personal use only future performance or potential growth of Alkane Resources Ltd, industry growth or other tre
Slide 3: Strategy, Growth & Investment
Strategy, Growth & Investment For personal use only Alkane is growing shareholder value through: • Reliable and increasing gold production at Tomingley • Proven exploration and development success • Boda-Kaiser emerging as world class gold-copper deposit CONSISTENT MINING TRACK RECORD OF STRATEGIC D
Slide 4: Highlights from H1 FY2024
Highlights from H1 FY2024 For personal use only On track for production guidance at Tomingley for FY24 • 29koz Au produced (AISC A$2,177) • 60-65koz Au full year guidance (AISC A$1,750-$2,100) Infill drilling well underway at Roswell, resource update in current quarter Completed pad construction for
Slide 5: Corporate Profile
Corporate Profile Capital Structure Ian Gandel (Non-Executive Chairman) Mr Gandel is a successful Melbourne based businessman with extensive experience in retail For personal use only Ordinary Shares 603 million management and retail property. Through his private investment vehicles Mr Gandel has be
Slide 6: Tomingley Operation
Tomingley Operation • 1Mtpa processing plant operating since 2014 For personal use only (approved expansion to 1.75Mtpa) • Approximately 230 employees • FY24 production guidance is 60-65koz (AISC A$1,750/oz-A$2,100/oz). H1 actual production 29,037oz at A$2,177/oz • Underground performing well, open
Slide 7: FY24 mining areas underground
FY24 mining areas underground For personal use only Wyoming One Caloma Caloma Two • Ore extraction stopes in Wyoming One, Caloma and Caloma Two, looking from the north-east ALKANE RESOURCES | ASX:ALK 7
Slide 8: Tomingley Extension Project
Tomingley Tomingley Extension Project • Approval & Licences in 2023 – Project approval (Feb), Environment For personal use only Protection Licence (June), Mining Lease (July), Additional water licences secured for plant upgrade (1.5Mtpa). • Newell Highway diversion – Detailed road design complete. •
Slide 9: Residue storage
Residue storage For personal use only • Cell 1 complete • Cell 2 finishing construction • The cells have 3 million tonnes combined capacity • Further wall lifts included in approvals ALKANE RESOURCES | ASX:ALK 9
Slide 10: Extensive drilling campaign
Extensive drilling campaign For personal use only • Tight-spaced drilling ongoing at Roswell targeting 10x15m spacing • Expect area above 855 level to largely convert to Reserve • Modelling and engineering for ore drive and stope design underway • Have cross-cut across to orebody, developi ALKANE RE
Slide 11: Paste plant for underground
Paste plant for underground For personal use only • Paste at Roswell maximises amount of ore mined • Pad is complete • Long lead items ordered and under fabrication • Expect commissioning in Q3 2024 ALKANE RESOURCES | ASX:ALK 11
Slide 12: Process plant upgrade
Process plant upgrade For personal use only • Flotation and fine grind to improve recovery • Detailed engineering nearing completion • Long lead items ordered and under fabrication • Expect commissioning in Q3 2024 ALKANE RESOURCES | ASX:ALK 12
Slide 13: Successful Explorers
Successful Explorers • Alkane draws on its extensive experience to create value through For personal use only mineral resource discoveries • Long term well-resourced team • Comprehensive databases • Detailed regional knowledge • Successful at developing its discoveries and will also transact or join
Slide 14: Boda & Kaiser Resources
• Kaiser resource updated expected in Q1 2024 Boda & Kaiser Resources Updated Boda Resource released* Resource AuEq Tonnes Grade Contained Metal For personal use only Category Cutoff (Mt) AuEq* Au Cu AuEq* Au Cu (g/t) (g/t) (%) (Moz) (Moz) (Mt) Open Pittable Resource (cut-off 0.3g/t AuEq*) Indicated
Slide 15: Metallurgical testwork and study
Metallurgical testwork and study For personal use only • Overall recovery for Boda estimated at 87.4% copper and 80.9% gold in the plant feed to saleable products • Overall recovery for Kaiser estimated at 79.6% copper and 70.7% gold in the plant feed to saleable products Next steps • Scoping level
Slide 16: North Molong Porphyry Project
North Molong Porphyry Project Upcoming Exploration For personal use only • Gravity survey completed, awaiting results • Boda 2-3 – diamond drilling Q1 2024 • Murga – RC drilling Q1 2024 • Driell Creek – RC and diamond drilling Q1, Q2 2024 • Konigin – Q2 2024 • Plans are evaluated and updated as resu
Slide 17: Regional Exploration
Regional Exploration • Tomingley area – air core, RC, diamond drilling Q1, Q2 2024 For personal use only • Targets (Au) at El Paso, Plains, Allendale & Glen Isla • Rockley Apsley (Au) – RC drilling Q2 2024 • Mt Conqueror (Au) – diamond drilling Q2 2024 • Armstrongs (Au) – air core Q1 2024 • Southern
Slide 18: Looking Ahead
Looking Ahead Expand initial studies of Boda and Kaiser for mining For personal use only processing, water, power, environmental and land access Expand early stage exploration across broader North Molong Porphyry Project Upgrade Kaiser Resource and complete preliminary economic study Deliver updated
Slide 19: For personal use only
For personal use only @alkaneresources alkane-resources-ltd alkane.com.au
Slide 20: Tomingley Resources
Tomingley Resources For personal use only ALKANE RESOURCES | ASX:ALK 20
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