Alkane Resources’ Tomingley gold project. Image: Alkane Resources
The Tomingley gold operation in New South Wales continues to be a boon for Alkane Resources, meeting its updated production guidance of 55–58,000 ounces (oz).
Tomingley produced 57,217oz of gold for the 12 months to June 30, with production anticipated to be between 70–80,000oz for the 2024–25 financial year.
“Tomingley is steadily increasing production from the Roswell underground,” Alkane managing director Nic Earner said. “Tomingley is now performing well, and the paste plant and flotation circuit upgrades remain on schedule.
“Alkane’s board and management acknowledge and thank the employees and contractors of the company for their strong and continued commitment to safety, production and exploration performance.”
Alkane announced back in June that it was looking to expand key infrastructure at Tomingley, increasing its production to above 100,000oz of gold per year while also expanding the site’s plant to a nominal 1.5 million tonnes per annum.
“The underground at Roswell has begun production, and we expect to produce over 70,000 ounces of gold next year,” Earner said at the time.
“The paste plant and the flotation/regrind circuit are under construction with commissioning expected later this year.”
Alkane blasted the first production stope at its Roswell deposit in April, marking the next milestone in extending Tomingley.
Tomingley’s five-year plan also involves the relocation of the Newell Highway, a project expected to cost Alkane $89 million in capital expenditure. A final investment decision is expected to be made in early 2025.
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