Alkane Resources - Seltene Erden, Gold, Nickel (Seite 106)
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Alkane Resources pours first gold bar at Tomingley Gold project in NSW
Monday, February 17, 2014 by Proactive Investors
Alkane Resources has poured its first gold bar from the Tomingley Gold project following the successful commissioning of the stripping and elution circuit of the process plant in western New South Wales
Alkane Resources has poured its first gold bar from the Tomingley Gold project following the successful commissioning of the stripping and elution circuit of the process plant in western New South Wales
Alkane Resources (ASX:ALK) has poured its first gold bar from the Tomingley Gold project following the successful commissioning of the stripping and elution circuit of the process plant in western New South Wales.
In a milestone, the first pour weighed 8.191kg and contained around 230 ounces of gold, which Alkane delivered the project on-time and on-budget.
With initial gold production to 30 June 2014 anticipated to be 22,000 – 27,000 ounces, it transforms Alkane into the gold producer ranks.
The Resource at Caloma Two is defined as 1.7 million tonnes grading 2.0g/t gold for 109,300 ounces, with total Project increased by 13.5% to 14.29 million tonnes grading 2.0g/t gold for 921,000 ounces.
Tomingley Gold Project (TGP)
Background
The Tomingley Gold Operations Pty Ltd (TGO) 100% is based on three gold deposits (Wyoming One, Wyoming Three and Caloma) located 14 kilometres north of the company’s inactive Peak Hill Gold Mine, and approximately 50 kilometres south west of Dubbo.
Strong project economics
Tomingley boasts a base case life of mine production of 7.5 years which is estimated to total 350,000 to 400,000 ounces at an average sustaining cash cost of around $1,000 per ounce.
This cost will vary on a quarterly basis depending upon the waste removal schedule. The base case does not include potential additional production from the Caloma Two deposit.
Analysis
The first gold pour is a milestone for Alkane's managing director Ian Chalmers.
The base case project economics at Tomingley are strong with gold production –~400,000oz over base case life. Cash operating costs (C3) estimated and averaged over base case life –~A$1,000/oz with EBITDA –estimated $140M (spot A$1,350/oz). So the higher Australian gold price provides additional revenues and profits.
In addition, the base case does not include Caloma Two.
TGP provides near term cash flows, while Alkane continues developing the world class Dubbo Zirconia Project (DZP) feasibility completed; environmental assessment and financing in progress. TGP provides the platform with around $20 million in free cash flow per annum for development of DZP.
We maintain that based on Alkane's market cap. of circa $130 million its market valuation is undervalued and that the market has missed the worth of TGP and its cash flow as a means to open up funding for the DZP.
There are significant catalysts ahead for Alkane in 2014 and based on our analysis we estimate a share price target of $0.55-$0.64 within 12 months.
Alkane Resources pours first gold bar at Tomingley Gold project in NSW
Monday, February 17, 2014 by Proactive Investors
Alkane Resources has poured its first gold bar from the Tomingley Gold project following the successful commissioning of the stripping and elution circuit of the process plant in western New South Wales
Alkane Resources has poured its first gold bar from the Tomingley Gold project following the successful commissioning of the stripping and elution circuit of the process plant in western New South Wales
Alkane Resources (ASX:ALK) has poured its first gold bar from the Tomingley Gold project following the successful commissioning of the stripping and elution circuit of the process plant in western New South Wales.
In a milestone, the first pour weighed 8.191kg and contained around 230 ounces of gold, which Alkane delivered the project on-time and on-budget.
With initial gold production to 30 June 2014 anticipated to be 22,000 – 27,000 ounces, it transforms Alkane into the gold producer ranks.
The Resource at Caloma Two is defined as 1.7 million tonnes grading 2.0g/t gold for 109,300 ounces, with total Project increased by 13.5% to 14.29 million tonnes grading 2.0g/t gold for 921,000 ounces.
Tomingley Gold Project (TGP)
Background
The Tomingley Gold Operations Pty Ltd (TGO) 100% is based on three gold deposits (Wyoming One, Wyoming Three and Caloma) located 14 kilometres north of the company’s inactive Peak Hill Gold Mine, and approximately 50 kilometres south west of Dubbo.
Strong project economics
Tomingley boasts a base case life of mine production of 7.5 years which is estimated to total 350,000 to 400,000 ounces at an average sustaining cash cost of around $1,000 per ounce.
This cost will vary on a quarterly basis depending upon the waste removal schedule. The base case does not include potential additional production from the Caloma Two deposit.
Analysis
The first gold pour is a milestone for Alkane's managing director Ian Chalmers.
The base case project economics at Tomingley are strong with gold production –~400,000oz over base case life. Cash operating costs (C3) estimated and averaged over base case life –~A$1,000/oz with EBITDA –estimated $140M (spot A$1,350/oz). So the higher Australian gold price provides additional revenues and profits.
In addition, the base case does not include Caloma Two.
TGP provides near term cash flows, while Alkane continues developing the world class Dubbo Zirconia Project (DZP) feasibility completed; environmental assessment and financing in progress. TGP provides the platform with around $20 million in free cash flow per annum for development of DZP.
We maintain that based on Alkane's market cap. of circa $130 million its market valuation is undervalued and that the market has missed the worth of TGP and its cash flow as a means to open up funding for the DZP.
There are significant catalysts ahead for Alkane in 2014 and based on our analysis we estimate a share price target of $0.55-$0.64 within 12 months.
PERTH (miningweekly.com) – ASX-listed Alkane Resources has poured its first gold at the Tomingley project, in New South Wales.
The company told shareholders on Monday that the first gold bar was poured following the successful commissioning of the stripping and elution circuit of the process plant.
The first pour contained about 230 oz of gold and was the final milestone in delivering the project.
Tomingley was expected to produce between 50 000 oz/y and 60 000 oz/y , based on a yearly ore throughput of one-million tonnes, over a life of mine of seven-and-a-half years.
Tomingley is based on three gold deposits and is located 14 km from the Peak Hill gold mine, and 50 km south-west of the Dubbo zirconia project. It has a resource of 14.29-million tonnes, grading 2 g/t gold for 921 000 oz of contained gold.
Edited by: Mariaan Webb
The company told shareholders on Monday that the first gold bar was poured following the successful commissioning of the stripping and elution circuit of the process plant.
The first pour contained about 230 oz of gold and was the final milestone in delivering the project.
Tomingley was expected to produce between 50 000 oz/y and 60 000 oz/y , based on a yearly ore throughput of one-million tonnes, over a life of mine of seven-and-a-half years.
Tomingley is based on three gold deposits and is located 14 km from the Peak Hill gold mine, and 50 km south-west of the Dubbo zirconia project. It has a resource of 14.29-million tonnes, grading 2 g/t gold for 921 000 oz of contained gold.
Edited by: Mariaan Webb
Ich sammle weiter, sieht vom Chart gut aus, noch besser über der 0,45A$
Und Gold sieht ok aus, und Stimmen zu REE Preisen werden deutlich positiver...
Mal sehen.
Home > Market Commentary Intel > Steel spurt to lift demand for critical metal niobium
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Steel spurt to lift demand for critical metal niobium
Posted on January 15, 2014 by Robin Bromby
Steel production is going to have another good year, says Deutsche Bank. And that means a good year for iron ore — and particularly for those metals used in its manufacture, manganese and especially niobium.
Last year Geoscience Australia combined and averaged out all the various critical metals ratings (those done by the U.S., Britain, the European Commission and by South Korea and Japan) and found that niobium was the seventh most critical metal (after rare earths, gallium, indium, tungsten, platinum group metals and cobalt). The U.S. is 100% import-dependent on the metal.
Deutsche Bank’s new steel report says that, after strong production growth in global steel of 4.3% in 2013, driven by better than expected Chinese production of about 9%, it is forecasting an even stronger year in 2014 with production growth of 4.8%. This will be driven by a rebound in European production, with a 3.5% growth, after a 2% decline in 2013. The European rebound, combined with improvements in other regions such as Brazil, Russia and India, should more than offset the slowing momentum in Chinese production growth.
You have to add only about 200 grams of niobium to 1 tonne a steel to make it stronger. This means that many steel users, particularly automobile makers, can use less steel (and therefore reduce weight) to achieve the same length level of structural strength.
The trend is niobium’s friend: with demand for higher quality steels rising as a proportion of all steel demand, so the need for niobium has increased as a faster rate than steel output. Niobium demand rose 11% in 2011. China accounts for more than 25% of world demand and this proportion will rise as it moves more toward alloy steel output.
Nobium is an interesting market because it is still controlled by Brazil, which produces 63,000 tonnes of the 69,000 tonnes mined annually (2012 figures), with Canada providing another 5,000 tonnes. A Japanese-South Korean consortium and a Chinese consortium have each acquired a stake in the largest Brazilian mine, Araxa, owned Companhia Brasileira de Metalurgia e Mineração (CBMM). A subsidiary of Anglo American is the other Brazilian producer.
The third largest producer is Niobec, owned by Canada’s IAMGold. Ferro-niobium, which Niobec produces, is sold directly to global steel mills and is used as an alloy to harden steel products (especially aerospace applications). The Niobec underground mine has been operating for more than 30 years, producing about 8% of global use.
But here’s the amazing fact: no new niobium projects have entered production since 1976 notwithstanding the favourable price and demand situation for the metal. Outside the three existing producers, there are no new niobium projects currently financed or under construction.
But the Chinese are clearly keen to find new sources. In 2011 East China Mineral Exploration and Development Bureau took a 51% in Australia’s Globe Metals & Mining (ASX:GBE). Today Globe reports it has completed the bulk sampling program at its Kanyika niobium project in Tanzania and the 40 tonnes mined has now arrived in China. The company is planning a demonstration plant to be built at the Guangzhou Research Institute for Non-Ferrous Metals. Globe’s project has suffered several delays in the bulk sampling, and now will experience another one as work will grind to halt as the Chinese New Year looms.
The other Tanzanian development this month will be the final scoping study completed at the Panda Hill project, owned by Cradle Resources (ASX:CXX). Work has been completed on pit design and flotation tests on primary ore.
But probably the closest to getting into the game is Alkane Resources (ASX:ALK) which has niobium as part of its Dubbo zirconium-rare earths project in New South Wales, Australia. Six months ago the company signed a framework agreement with Austria’s Treibacher Industrie for the production and marketing of ferro-niobium. Treibacher is an international metal alloy and chemical products company. Alkane is expecting by 2016 to be producing 3,000 tonnes a year of ferro-niobium (along with 16,000 tonnes of zirconium and 4,900 tonnes of rare earth oxides.
Other players include NioCorp (TSX.V: NB) which says it has the only known niobium project to be under development in the U.S., located near Elk Creek, Nebraska.
Endurance Gold (TSX.V:EDG) has the Bandito rare earth-niobium project in the Yukon, and the list of niobium hopefuls includes Pacific Wildcat (TSX.V:PAW) and Commerce Resources (TSX.V:CCE), the latter having the tantalum-niobium deposit in British Columbia.
This entry was posted in Market Commentary Intel, Rare Earth & Critical Minerals Intel, Technology Intel, Uncategorized by Robin Bromby. Bookmark the permalink.
About Robin Bromby
Robin Bromby is a journalist, author and sometime publisher who has had titles issued by mainstream publishers, including Doubleday, Simon & Schuster and Lothian Books. Robin began as a cadet journalist in 1962 with The Dominion, the morning paper in Wellington, New Zealand. He also worked for the NZ Broadcasting Corporation, TV1, the South China Morning Post, The Herald (Melbourne), the Sunday Times (Wellington), The National Times (Sydney) and, since 1988, he has been first a staff reporter and now columnist for The Australian and has been a Senior Editor for InvestorIntel since the onset.
View all posts by Robin Bromby →
Copyright © 2014 ProEdge Media Corp. All rights reserved. More & Disclaimer »
- See more at: http://investorintel.com/market-commentary-intel/steel-spurt…
Und Gold sieht ok aus, und Stimmen zu REE Preisen werden deutlich positiver...
Mal sehen.
Home > Market Commentary Intel > Steel spurt to lift demand for critical metal niobium
Post navigation
Steel spurt to lift demand for critical metal niobium
Posted on January 15, 2014 by Robin Bromby
Steel production is going to have another good year, says Deutsche Bank. And that means a good year for iron ore — and particularly for those metals used in its manufacture, manganese and especially niobium.
Last year Geoscience Australia combined and averaged out all the various critical metals ratings (those done by the U.S., Britain, the European Commission and by South Korea and Japan) and found that niobium was the seventh most critical metal (after rare earths, gallium, indium, tungsten, platinum group metals and cobalt). The U.S. is 100% import-dependent on the metal.
Deutsche Bank’s new steel report says that, after strong production growth in global steel of 4.3% in 2013, driven by better than expected Chinese production of about 9%, it is forecasting an even stronger year in 2014 with production growth of 4.8%. This will be driven by a rebound in European production, with a 3.5% growth, after a 2% decline in 2013. The European rebound, combined with improvements in other regions such as Brazil, Russia and India, should more than offset the slowing momentum in Chinese production growth.
You have to add only about 200 grams of niobium to 1 tonne a steel to make it stronger. This means that many steel users, particularly automobile makers, can use less steel (and therefore reduce weight) to achieve the same length level of structural strength.
The trend is niobium’s friend: with demand for higher quality steels rising as a proportion of all steel demand, so the need for niobium has increased as a faster rate than steel output. Niobium demand rose 11% in 2011. China accounts for more than 25% of world demand and this proportion will rise as it moves more toward alloy steel output.
Nobium is an interesting market because it is still controlled by Brazil, which produces 63,000 tonnes of the 69,000 tonnes mined annually (2012 figures), with Canada providing another 5,000 tonnes. A Japanese-South Korean consortium and a Chinese consortium have each acquired a stake in the largest Brazilian mine, Araxa, owned Companhia Brasileira de Metalurgia e Mineração (CBMM). A subsidiary of Anglo American is the other Brazilian producer.
The third largest producer is Niobec, owned by Canada’s IAMGold. Ferro-niobium, which Niobec produces, is sold directly to global steel mills and is used as an alloy to harden steel products (especially aerospace applications). The Niobec underground mine has been operating for more than 30 years, producing about 8% of global use.
But here’s the amazing fact: no new niobium projects have entered production since 1976 notwithstanding the favourable price and demand situation for the metal. Outside the three existing producers, there are no new niobium projects currently financed or under construction.
But the Chinese are clearly keen to find new sources. In 2011 East China Mineral Exploration and Development Bureau took a 51% in Australia’s Globe Metals & Mining (ASX:GBE). Today Globe reports it has completed the bulk sampling program at its Kanyika niobium project in Tanzania and the 40 tonnes mined has now arrived in China. The company is planning a demonstration plant to be built at the Guangzhou Research Institute for Non-Ferrous Metals. Globe’s project has suffered several delays in the bulk sampling, and now will experience another one as work will grind to halt as the Chinese New Year looms.
The other Tanzanian development this month will be the final scoping study completed at the Panda Hill project, owned by Cradle Resources (ASX:CXX). Work has been completed on pit design and flotation tests on primary ore.
But probably the closest to getting into the game is Alkane Resources (ASX:ALK) which has niobium as part of its Dubbo zirconium-rare earths project in New South Wales, Australia. Six months ago the company signed a framework agreement with Austria’s Treibacher Industrie for the production and marketing of ferro-niobium. Treibacher is an international metal alloy and chemical products company. Alkane is expecting by 2016 to be producing 3,000 tonnes a year of ferro-niobium (along with 16,000 tonnes of zirconium and 4,900 tonnes of rare earth oxides.
Other players include NioCorp (TSX.V: NB) which says it has the only known niobium project to be under development in the U.S., located near Elk Creek, Nebraska.
Endurance Gold (TSX.V:EDG) has the Bandito rare earth-niobium project in the Yukon, and the list of niobium hopefuls includes Pacific Wildcat (TSX.V:PAW) and Commerce Resources (TSX.V:CCE), the latter having the tantalum-niobium deposit in British Columbia.
This entry was posted in Market Commentary Intel, Rare Earth & Critical Minerals Intel, Technology Intel, Uncategorized by Robin Bromby. Bookmark the permalink.
About Robin Bromby
Robin Bromby is a journalist, author and sometime publisher who has had titles issued by mainstream publishers, including Doubleday, Simon & Schuster and Lothian Books. Robin began as a cadet journalist in 1962 with The Dominion, the morning paper in Wellington, New Zealand. He also worked for the NZ Broadcasting Corporation, TV1, the South China Morning Post, The Herald (Melbourne), the Sunday Times (Wellington), The National Times (Sydney) and, since 1988, he has been first a staff reporter and now columnist for The Australian and has been a Senior Editor for InvestorIntel since the onset.
View all posts by Robin Bromby →
Copyright © 2014 ProEdge Media Corp. All rights reserved. More & Disclaimer »
- See more at: http://investorintel.com/market-commentary-intel/steel-spurt…
http://investorintel.com/rare-earth-intel/ree-gold-miner-aim…
Alkane’s rare earth and gold projects moving across strategic finishing lines
Posted on November 28, 2013 by David Smith
Alkane Resources, Ltd., listed on the ASX since 1969 (ASX: ALK | OTCQX: ANLKY), is a mining and exploration company focused on gold, zirconium, niobium and rare earths. The Company’s projects are located in New South Wales, Australia.
The $1B Dubbo Zirconia Project (DZP), with an estimated open pit mine life of 70+ years, is expected to process 1 million tonnes of ore throughput/annum. The ore body containing zirconium, yttrium, niobium, hafnium and rare earths, has a surface area of over 45 ha. When fully into production (construction scheduled to commence Q3 2014, with production forecast), the project – with 99% of product destined for overseas – will be an export generator for Australia and a constructive addition to local government tax rolls.
Well ahead of the actual event of full production, Alkane has, since 2008, been running a demonstration pilot plant in order to “prove up” commercial and technical viability. (And in doing so, helping management strengthen its customer acquisition efforts, by providing potential end-users with commercial samples.)
Rare earths fall into two distinct groups, light rare earth elements (LREEs), and the less common (and more valuable) heavy rare earth elements (HREEs). Alkane Resources believes that production at the Dubbo Zirconia Project will enable it to exploit HREEs as an important in situ resource.
Dr. Karin Soldenhoff, Mg. of Process Development Research at the Australian Nuclear Science and Technology Organization (ANSTO), says that “Rare earths are sort of like ‘salt and pepper’ elements – you use them in very small quantities in a wide range of applications.”
The Dubbo Zirconia Project will play a role in a sea change which may be in the early stages of taking place in the REE supply pipeline. Until recently, fully 95% of the global supply of rare earths has come from China – along with all the issues regarding pricing unpredictability and availability, all of which become big factors when dealing with a “one-source” supplier. And now another questionable element has clouded the supply picture, as China moves increasingly to retain more REE production for its own use.
As part of Alkane’s Big Picture Think Ahead effort to lessen the risk of finding future customers, it has been able to secure a number of off-take partner agreements. In fact, management’s stated goal is to secure 100% of its projected REE output through MOU’s and Agreements.
—
Alkane Resources Exploration Work
Proving that it’s not just a one trick pony, Alkane is earmarking its Tomingley Gold Operations (Mining Lease approved February 2013) for commissioning and gold production by early in 2014. Tomingley is described as “a medium-sized gold project with approximately 800,000 ounces of gold in the current defined resource space”. The plan is for the project to produce between 50,000-60,000 ounces per year, as the yield from an expected throughput of around 1 million tonnes of ore. Feasibility studies have indicated that an open pit operation for the anticipated 7.5 – 10 year mine life would be the most likely format.
Assuming the startup of Tomingley goes well, a salutory benefit will be the cash flow it provides for Alkane as it works towards a financing package for the Dubbo Zirconia project.
A tour of the Alkane Resources website – looking specifically at the various projects – shows considerable evidence of educating the community and seeking their input as operations move from planning to execution. In meeting minutes, the Tomingley Gold Operations (TGO) project management dispenses information on such disparate production issues as blasting, “we expect the blasts to dissipate quickly due to the ground conditions. There should be very little ground movement experienced in the town. Air blast is sometimes confused with ground movement.” TGO also pledges, that until suitable noise bunds have been constructed, only day shifts will be operated.
In March, 2013, Alkane Resources posted a news release described as a “very high grade gold intercept” at its Caloma Two Project. RC drilling produced a number of intercepts in the range of 2.4 – 11.5 g/t gold, along with interesting numbers from: PE 873 1 metre grading 821g/t gold from 196 metres within 9 metres grading 110g/t gold from 194 metres
A second historic gold production site, a heap leach operation which, during its 10 years of previous operation yielded over 150,000 ounces of gold, is under consideration for possible reopening. This project, The Peak Hill Gold Mine, which has a published Resource here at various gold cutoff levels, is being reviewed for possible action.
Management is also actively exploring several other prospective properties in the area, seeking to identify commercially viable deposits of copper-gold and gold-zinc.
As one analyst looking at Alkane put it when referring to Australian metal sector stocks, “most companies in the specialty metal sector have been unable to get beyond the “story” stage, and investors are fed up with fairy tales.”
Judging by the progress Alkane Resources, Ltd. has been making, it doesn’t look like it will take a magic wand to move them across their strategic plan finishing lines.
This entry was posted in Rare Earth & Critical Minerals Intel by David Smith. Bookmark the permalink.
Copyright © 2013 ProEdge Media Corp. All rights reserved. More & Disclaimer »
Tracy Weslosky on November 28, 2013 at 9:40 AM said:
This is one of my all-time favorite companies in part — due to leadership. Management, the Board, Alkane has it all; so thank you for the update. Intriguingly David, I did not know that ALK has been trading since 69. Are you certain? What year did Ian Chalmers join as CEO? He is definitely one of the most distinguished members of the rare earth leaders and believe that their deal with Shin-Etsu for processing their REEs, plus their gold revenue coming online makes this a truly exciting multi-commodity play. You are right, they will not need a magic want….
autom. Übersetzung
http://translate.google.de/translate?sl=en&tl=de&js=n&prev=_…
Gruss
Lynasierin
Alkane’s rare earth and gold projects moving across strategic finishing lines
Posted on November 28, 2013 by David Smith
Alkane Resources, Ltd., listed on the ASX since 1969 (ASX: ALK | OTCQX: ANLKY), is a mining and exploration company focused on gold, zirconium, niobium and rare earths. The Company’s projects are located in New South Wales, Australia.
The $1B Dubbo Zirconia Project (DZP), with an estimated open pit mine life of 70+ years, is expected to process 1 million tonnes of ore throughput/annum. The ore body containing zirconium, yttrium, niobium, hafnium and rare earths, has a surface area of over 45 ha. When fully into production (construction scheduled to commence Q3 2014, with production forecast), the project – with 99% of product destined for overseas – will be an export generator for Australia and a constructive addition to local government tax rolls.
Well ahead of the actual event of full production, Alkane has, since 2008, been running a demonstration pilot plant in order to “prove up” commercial and technical viability. (And in doing so, helping management strengthen its customer acquisition efforts, by providing potential end-users with commercial samples.)
Rare earths fall into two distinct groups, light rare earth elements (LREEs), and the less common (and more valuable) heavy rare earth elements (HREEs). Alkane Resources believes that production at the Dubbo Zirconia Project will enable it to exploit HREEs as an important in situ resource.
Dr. Karin Soldenhoff, Mg. of Process Development Research at the Australian Nuclear Science and Technology Organization (ANSTO), says that “Rare earths are sort of like ‘salt and pepper’ elements – you use them in very small quantities in a wide range of applications.”
The Dubbo Zirconia Project will play a role in a sea change which may be in the early stages of taking place in the REE supply pipeline. Until recently, fully 95% of the global supply of rare earths has come from China – along with all the issues regarding pricing unpredictability and availability, all of which become big factors when dealing with a “one-source” supplier. And now another questionable element has clouded the supply picture, as China moves increasingly to retain more REE production for its own use.
As part of Alkane’s Big Picture Think Ahead effort to lessen the risk of finding future customers, it has been able to secure a number of off-take partner agreements. In fact, management’s stated goal is to secure 100% of its projected REE output through MOU’s and Agreements.
—
Alkane Resources Exploration Work
Proving that it’s not just a one trick pony, Alkane is earmarking its Tomingley Gold Operations (Mining Lease approved February 2013) for commissioning and gold production by early in 2014. Tomingley is described as “a medium-sized gold project with approximately 800,000 ounces of gold in the current defined resource space”. The plan is for the project to produce between 50,000-60,000 ounces per year, as the yield from an expected throughput of around 1 million tonnes of ore. Feasibility studies have indicated that an open pit operation for the anticipated 7.5 – 10 year mine life would be the most likely format.
Assuming the startup of Tomingley goes well, a salutory benefit will be the cash flow it provides for Alkane as it works towards a financing package for the Dubbo Zirconia project.
A tour of the Alkane Resources website – looking specifically at the various projects – shows considerable evidence of educating the community and seeking their input as operations move from planning to execution. In meeting minutes, the Tomingley Gold Operations (TGO) project management dispenses information on such disparate production issues as blasting, “we expect the blasts to dissipate quickly due to the ground conditions. There should be very little ground movement experienced in the town. Air blast is sometimes confused with ground movement.” TGO also pledges, that until suitable noise bunds have been constructed, only day shifts will be operated.
In March, 2013, Alkane Resources posted a news release described as a “very high grade gold intercept” at its Caloma Two Project. RC drilling produced a number of intercepts in the range of 2.4 – 11.5 g/t gold, along with interesting numbers from: PE 873 1 metre grading 821g/t gold from 196 metres within 9 metres grading 110g/t gold from 194 metres
A second historic gold production site, a heap leach operation which, during its 10 years of previous operation yielded over 150,000 ounces of gold, is under consideration for possible reopening. This project, The Peak Hill Gold Mine, which has a published Resource here at various gold cutoff levels, is being reviewed for possible action.
Management is also actively exploring several other prospective properties in the area, seeking to identify commercially viable deposits of copper-gold and gold-zinc.
As one analyst looking at Alkane put it when referring to Australian metal sector stocks, “most companies in the specialty metal sector have been unable to get beyond the “story” stage, and investors are fed up with fairy tales.”
Judging by the progress Alkane Resources, Ltd. has been making, it doesn’t look like it will take a magic wand to move them across their strategic plan finishing lines.
This entry was posted in Rare Earth & Critical Minerals Intel by David Smith. Bookmark the permalink.
Copyright © 2013 ProEdge Media Corp. All rights reserved. More & Disclaimer »
Tracy Weslosky on November 28, 2013 at 9:40 AM said:
This is one of my all-time favorite companies in part — due to leadership. Management, the Board, Alkane has it all; so thank you for the update. Intriguingly David, I did not know that ALK has been trading since 69. Are you certain? What year did Ian Chalmers join as CEO? He is definitely one of the most distinguished members of the rare earth leaders and believe that their deal with Shin-Etsu for processing their REEs, plus their gold revenue coming online makes this a truly exciting multi-commodity play. You are right, they will not need a magic want….
autom. Übersetzung
http://translate.google.de/translate?sl=en&tl=de&js=n&prev=_…
Gruss
Lynasierin
http://online.wsj.com/article/SB1000142405270230471370457909…
Rare-Earths Sector Gets Boost in China
:::
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http://www.mad-mongolia.com/news/mongolia-news/in-china-rare…
In China, Rare Earths Resurface
:::
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Giá đất hiếm Trung Quốc tăng trở lại
:::
Google übersetzt: http://translate.google.de/translate?sl=zh-CN&tl=de&js=n&pre…
Deutet IMHO alles auf eine Erholung auf dem "Seltenen Erden" Sektor hin.
Grüsse JoJo
Rare-Earths Sector Gets Boost in China
:::
Google übersetzt: http://translate.google.de/translate?hl=de&sl=auto&tl=de&u=h…
http://www.mad-mongolia.com/news/mongolia-news/in-china-rare…
In China, Rare Earths Resurface
:::
Google übersetzt: http://translate.google.de/translate?sl=en&tl=de&js=n&prev=_…
http://www.xaluan.com/modules.php?name=News&file=article&sid…
Giá đất hiếm Trung Quốc tăng trở lại
:::
Google übersetzt: http://translate.google.de/translate?sl=zh-CN&tl=de&js=n&pre…
Deutet IMHO alles auf eine Erholung auf dem "Seltenen Erden" Sektor hin.
Grüsse JoJo
Trading Spotlight
http://www.environmental-expert.com/news/rare-earth-metals-m…
Rare Earth Metals Market 2012 to 2016 Global Report
Source: ReportsnReports Sep. 19, 2013
Global Rare Earth Metals Market 2012-2016 research report forecasts the industry growth at a CAGR of 13.06% over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand from the wind energy sector. The global rare earth metals market has also been witnessing an increase in the production capacities of the major manufacturers in the market. However, the gap in the demand and supply of rare earth metals could pose a challenge to the growth of this market.
:::
Google übersetzt: http://translate.google.de/translate?hl=de&sl=en&u=http://ww…
@ ein schönes WE
Grüsse JoJo
Rare Earth Metals Market 2012 to 2016 Global Report
Source: ReportsnReports Sep. 19, 2013
Global Rare Earth Metals Market 2012-2016 research report forecasts the industry growth at a CAGR of 13.06% over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand from the wind energy sector. The global rare earth metals market has also been witnessing an increase in the production capacities of the major manufacturers in the market. However, the gap in the demand and supply of rare earth metals could pose a challenge to the growth of this market.
:::
Google übersetzt: http://translate.google.de/translate?hl=de&sl=en&u=http://ww…
@ ein schönes WE
Grüsse JoJo
Australische Zeitung berichtet über Tomingley, 63% fertig gestellt,
im Plan und Budget, sieht ganz gut aus, Start weiterhin Jan. 2014
http://www.dailyliberal.com.au/story/1721805/multimillion-do…
Goldpreis noh ein bischen hoch, und ab 2014 wäre Alkane dann Produzent
Bin auf die Finanzierungsvorschläge für Dubbo gespannt.
im Plan und Budget, sieht ganz gut aus, Start weiterhin Jan. 2014
http://www.dailyliberal.com.au/story/1721805/multimillion-do…
Goldpreis noh ein bischen hoch, und ab 2014 wäre Alkane dann Produzent
Bin auf die Finanzierungsvorschläge für Dubbo gespannt.
Die Abnahme-Verträge werden konkreter. Fett durch mich....
Alkane signs agreement with Austria’s Treibacher Industrie AG for DZP Production of Ferro-Niobium
July 17, 2013
Alkane Resources Ltd, through its wholly owned subsidiary Australian Zirconia Limited (AZL), has signed a Joint Venture Framework Agreement with Treibacher Industrie AG (TIAG). This replaces the MoU announced on 26 October 2011.
The intended Joint Venture activities are the production and marketing of ferro-niobium (FeNb) using niobium concentrate from the DZP.
The parties will form a company, initially wholly owned by AZL, to use TIAG’s proprietary technology to process DZP niobium concentrate at a facility in Australia (or other agreed location) to produce FeNb.
TIAG will have the option to purchase 50% of the new company within three years of commissioning of the plant and will have exclusive rights to market the FeNb.
The Joint Venture expects to produce over 3,000 tonnes of FeNb utilising all of the niobium concentrate produced from the 1 million tonnes per annum development of the DZP.
At current prices, annual production of FeNb will generate revenue of approximately US$90 million with AZL’s share estimated to be about A$80 million (depending upon A$/US$ exchange rate), which is 16% of total anticipated annual project revenue as determined by the recently completed definitive feasibility study (ASX announcement 11 April 2013).
AZL will be the only producer of niobium in Australia once production commences in 2016.
The EIS for DZP was lodged with the NSW Department of Planning and Infrastructure on 28 June 2013 marking the start of the approval process for this State Significant Project.
Alkane signs agreement with Austria’s Treibacher Industrie AG for DZP Production of Ferro-Niobium
July 17, 2013
Alkane Resources Ltd, through its wholly owned subsidiary Australian Zirconia Limited (AZL), has signed a Joint Venture Framework Agreement with Treibacher Industrie AG (TIAG). This replaces the MoU announced on 26 October 2011.
The intended Joint Venture activities are the production and marketing of ferro-niobium (FeNb) using niobium concentrate from the DZP.
The parties will form a company, initially wholly owned by AZL, to use TIAG’s proprietary technology to process DZP niobium concentrate at a facility in Australia (or other agreed location) to produce FeNb.
TIAG will have the option to purchase 50% of the new company within three years of commissioning of the plant and will have exclusive rights to market the FeNb.
The Joint Venture expects to produce over 3,000 tonnes of FeNb utilising all of the niobium concentrate produced from the 1 million tonnes per annum development of the DZP.
At current prices, annual production of FeNb will generate revenue of approximately US$90 million with AZL’s share estimated to be about A$80 million (depending upon A$/US$ exchange rate), which is 16% of total anticipated annual project revenue as determined by the recently completed definitive feasibility study (ASX announcement 11 April 2013).
AZL will be the only producer of niobium in Australia once production commences in 2016.
The EIS for DZP was lodged with the NSW Department of Planning and Infrastructure on 28 June 2013 marking the start of the approval process for this State Significant Project.
Das ist doch mal 'ne Ansage...
Expert Comments:
The Gold Report Interview with Stephan Bogner (7/15/13)
"I am positive that Australia-based Alkane Resources Ltd. will bring into production its Dubbo REE project in New South Wales in early 2016. Management is right on track demonstrating how to successfully develop a large deposit into a profitable mine quickly, namely with MOUs, agreements and strategic alliances. Dubbo represents a world-class deposit enriched with zirconium, hafnium, niobium, tantalum, yttrium, as well as LREEs and HREEs. Alkane already seems to have found the right partners to advance this project. The financing of around $1B is planned to be arranged by Sumitomo Mitsui Bank of Japan, Credit Suisse Australia and Sydney-based Petra Capital, and is expected to coincide with the final project approvals, allowing mine construction to commence in Q2/14.
"Alkane's Definite Feasibility Study of April 2013 shows Dubbo being a 'technically and financially robust project.' A base case of a 20-year mine life gave a net present value of $1.23B, yet mine life is likely to be in excess of 70 years, which makes this deposit an important strategic asset for REE world supply. What makes Alkane a great investment today is that shareholders do not have to wait two or three years until REE production at Dubbo starts; shareholder value is likely to be increased substantially within the next few months as construction on the company's Tomingley gold mine is underway and commissioning is anticipated in late 2013. With a resource of 800+ Koz, a head-grade of 2 g/t, a yearly gold production of around 50 Koz for a minimum of eight years and operating costs at only $1,000/oz, this project is set to generate important cash flow in the near future to advance the Dubbo project successfully without the need for excessive dilution."
The Metals Report Interview with Jack Lifton (7/9/13)
"I'm very impressed by what I know of Alkane Resources Ltd.'s business model. Alkane is a polymetallic producer and its mix of metals, which includes zirconium, niobium, yttrium, REEs and gold, has allowed it to minimize the risk of depending entirely on REE production. Alkane is making a series of individual offtake agreements with separate vertically integrated refiners who themselves are also downstream end users and marketing experts in the products for which Alkane will provide the feedstock. This is an outstanding 21st-century business model that has allowed Alkane to create a synergistic revenue stream. In a sense, Alkane has become a mini-Glencore International Plc (GLEN:LSE), a vertically integrated trading company. This is a business model that I urge juniors with polymetallic deposits to emulate."
http://www.theaureport.com/pub/co/2241#quote
The Gold Report Interview with Stephan Bogner (7/15/13)
"I am positive that Australia-based Alkane Resources Ltd. will bring into production its Dubbo REE project in New South Wales in early 2016. Management is right on track demonstrating how to successfully develop a large deposit into a profitable mine quickly, namely with MOUs, agreements and strategic alliances. Dubbo represents a world-class deposit enriched with zirconium, hafnium, niobium, tantalum, yttrium, as well as LREEs and HREEs. Alkane already seems to have found the right partners to advance this project. The financing of around $1B is planned to be arranged by Sumitomo Mitsui Bank of Japan, Credit Suisse Australia and Sydney-based Petra Capital, and is expected to coincide with the final project approvals, allowing mine construction to commence in Q2/14.
"Alkane's Definite Feasibility Study of April 2013 shows Dubbo being a 'technically and financially robust project.' A base case of a 20-year mine life gave a net present value of $1.23B, yet mine life is likely to be in excess of 70 years, which makes this deposit an important strategic asset for REE world supply. What makes Alkane a great investment today is that shareholders do not have to wait two or three years until REE production at Dubbo starts; shareholder value is likely to be increased substantially within the next few months as construction on the company's Tomingley gold mine is underway and commissioning is anticipated in late 2013. With a resource of 800+ Koz, a head-grade of 2 g/t, a yearly gold production of around 50 Koz for a minimum of eight years and operating costs at only $1,000/oz, this project is set to generate important cash flow in the near future to advance the Dubbo project successfully without the need for excessive dilution."
The Metals Report Interview with Jack Lifton (7/9/13)
"I'm very impressed by what I know of Alkane Resources Ltd.'s business model. Alkane is a polymetallic producer and its mix of metals, which includes zirconium, niobium, yttrium, REEs and gold, has allowed it to minimize the risk of depending entirely on REE production. Alkane is making a series of individual offtake agreements with separate vertically integrated refiners who themselves are also downstream end users and marketing experts in the products for which Alkane will provide the feedstock. This is an outstanding 21st-century business model that has allowed Alkane to create a synergistic revenue stream. In a sense, Alkane has become a mini-Glencore International Plc (GLEN:LSE), a vertically integrated trading company. This is a business model that I urge juniors with polymetallic deposits to emulate."
http://www.theaureport.com/pub/co/2241#quote
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