Alkane Resources wins "mining operation of the year award" and continues Dubbo development
A multi-commodity mining and exploration company in Australia, with a portfolio encompassing major technology metals and rare earths, has been awarded a mining operation of the year award, as it combated halts in production and continued to play a key role in the provision of employment.
Alkane Resources was awarded the “Mining operation of the year” in the NSW Minerals Council Supplier Awards for the work it has achieved at the Tomingley Gold Mine in central west New South Wales.
The award comes after a difficult start to 2017, through heavy rainfall halting production, which saw the company produce 69,000 ounces of gold, as well as revenue of A$117.3m and profit before tax and non-recurring items of A$17.1m.
“The mine employs locals, many of whom we’ve trained to be part of the operation, and we have also given importance to the local environment and community events as part of our operations,” Managing Director of Alkane, Nic Earner said.
The award recognised the company’s achievements in:
- Fleet improvement and use of a mobile crushing plant to improve throughput and productivity
- Ongoing drilling to optimise a focus on high grade ore
- Local infrastructure improvements, including a community hall upgrade, sealing of village streets, new works at the Tomingley Racecourse & Recreation Reserve and providing top up water supply to the village from a bore water supply line
- Upskilling of the local workforce and close working relationships with contractors
Related stories:
Jupiter mines to list on ASX with A$240 million IPO
Rio Tinto sells Hail Creek and Valeria projects to Glencore for $1.7 billion
Hecla Mining acquires Klondex Mines for $462 million
The development and operation of the Tomingley gold project is crucial to Alkane as the company looks to provide a revenue stream for Alkane funding corporate and exploration expenditures.
Cash flow from Tomingley having contributed to developing Alkane’s A$1.3 billion Dubbo zirconium, rare earths, hafnium and niobium project.
It is the most advanced poly-metallic project of its kind outside China, making it a potential strategic and independent supply of critical minerals for a range of sustainable technologies and future industries. It has a potential mine life of 70+ years.
