PRECIOUS METALS

Alkane going underground at Tomingley

ALKANE Resources has given the go-ahead for an underground development at Tomingley in New South Wales, with the formal plan being to spend A$25 million building a mine that’ll produce 93,000 ounces of gold over a 40 month period at cash costs of A$110-1200/oz.

Alkane going underground at Tomingley

Informally the hope will be production goes well beyond those numbers, with the company saying "one of the first priorities underground is to establish a drill position to target further extensions along...

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