Alkane Resources (ALK)

Business description

Alkane Resources is a multi-commodity explorer and developer, with projects in the central west region of New South Wales in Australia. Alkane owns the Tomingley Gold Operation and DZP rare metal and rare earths projects (both 100%).

Stock data

Market cap.A$121.3m
Last closeA$0.24
High / Low (52 weeks)A$0.6 / A$0.2
Stock market listingAU
Forecast net cash (A$m)9.4
Forecast gearing ratio (%)N/A
TeamResources - Mining

Price performance

Relative *0.7(13.7)6.2

* % Relative to local index

Other companies in sector Show

Afferro Mining Afri-Can Marine Minerals
African Barrick Gold African Eagle Resources
African Minerals Alabama Graphite
Alderon Iron Ore Aldridge Minerals
All Star Minerals Allied Gold Mining
Almonty Industries Altius Minerals
Altona Energy Amara Mining
Amerigo Resources Amur Minerals
Angel Mining Anglesey Mining
Anglo Pacific Group Antofagasta
Aquarius Platinum Arian Silver
Ariana Resources Asa Resource
Aspire Mining Atalaya Mining
Atlantic Gold NL Aurcana Corporation
Aureus Mining Aurizon Mines
Avalon Rare Metals Avnel Gold Mining
Baobab Resources Bear Creek Mining
Bellzone Mining Bezant Resources
Blackthorn Resources Bushveld Minerals
Cabral Resources Cadence Minerals
Caledon Resources Caledonia Mining
Cameco Canada Lithium Corporation
Carpathian Gold Celamin Holdings
Central Asia Metals Centrex Metals
Champion Iron Chatham Rock Phosphate
Chieftain Metals Coal of Africa
Condor Gold Continental Coal
Cradle Resources Dalradian Resources
Danakali Denison Mines
Discovery Metals Doray Minerals
DRDGOLD Duluth Metals
Eastern Platinum ECR Minerals
Edgewater Exploration Energy Fuels
Equatorial Resources Euromax Resources
European Goldfields Forsys Metals Corp
Fronteer Gold Frontier Mining
Frontline Gold Galaxy Resources
Gascoyne Resources Gemfields
GMA Resources Gold One
Gold Road Resources Gold Sector Report
Goldcrest Resources Golden Minerals Company
Goldplat Graphite Sector Report
Gunson Resources Hambledon Mining
Hecla Highland Gold
Highlands Pacific Hummingbird Resources
Ichor Coal International Mining & Infrastructure Corp
Iron Road Ironwood Gold
Jameson Resources KEFI Minerals
Kenmare Resources Kingsgate
Kinross Gold Corporation Kopy Goldfields
Lemur Resources Lepidico
Lithium Americas Corp Lithium X Energy
London Mining MacPhersons Resources
Majestic Gold Mandalay Resources Corp
Mariana Resources Matamec Explorations
MDM Engineering Group Medusa Mining
Metallica Minerals Metals Exploration
Minera IRL Mineral Commodities
Minotaur Exploration Mkango Resources
MMG Natural Resource Partners
Ncondezi Energy Nevsun Resources
New Talisman Gold Mines Nkwe Platinum
Nordgold North American Palladium
Northern Dynasty Minerals Norton Gold Fields
NovaCopper OceanaGold
Oracle Coalfields Orbis Gold
Ormonde Mining Orosur Mining
Orpheus Energy Pan African Resources
Pan American Goldfields Papillon Resources
Petropavlovsk Pilot Gold
Platmin PolyMet Mining
Polymetals Mining Randgold Resources
Rare Element Resources Red Rock Resources
Regency Mines Richmont Mines
Rio Tinto Robust Resources
Rutila Resources Sable Mining
Seabridge Gold Shore Gold
Sirius Minerals South American Silver Corp
St George Mining Sumatra Copper & Gold
Syndicated Metals Teck Resources
Tiger Resources Titanium Resources Group
Torex Gold Triton Minerals
True North Gems U3O8 Holdings
Universal Coal Vatukoula Gold Mines
Veris Gold Corp Victoria Gold
Volt Resources W Resources
Western Areas Wheaton Precious Metals
Wits Gold Wolf Minerals
Woulfe Mining Zanaga Iron Ore Company
Zazu Metals Corporation

Company news

Alkane Resources Limited share price rises on guidance upgrade

Tue, 27 Jun 2017 04:18:45 GMT


Sat, 21 May 2011 13:30:44 GMT

Alkane Resources Ltd signs MOU as share price continues upswing

Tue, 25 Oct 2016 04:13:05 GMT

Follow Up On Alkane Resources

Sun, 25 Dec 2016 08:03:45 GMT

Alkane Resources final planning before full commercial rare earth mine

Wed, 23 Nov 2016 19:47:12 GMT

Y/E Jun Revenue (A$m) EBITDA (A$m) PBT (A$m) EPS (c) P/E (x) P/CF (x)
2015A 101.8 26.5 0.1 1.0 24.0 3.5
2016A 109.6 40.9 11.0 2.2 10.9 2.7
2017E 98.0 14.8 (17.7) (1.5) N/A 9.5
2018E 104.3 48.8 (16.2) (1.2) N/A 9.0

Last updated on 23/05/2017

Investment summary

Alkane has provided a pre-quarterly update for its Tomingley Gold Operation (TGO). Strong production performance of 17koz of gold produced across April and May has led the company to revise upwards its H217 production target from 31-36koz, to 43-45koz. H217 all-in sustaining costs (AISC) are also estimated to come down from A$1,350-1,550/oz published by Alkane in January, to A$1,000-1,100/oz. This is expected to have a positive effect on the company’s cash flow, which will be confirmed via its FY17 financials due out mid-July.

Last updated on 27/06/2017

Industry outlook

Updated guidance from ALK indicates that it expects to come in at the higher end of production guidance and the lower end of AISC guidance, owing to higher pit grade reconciliations. This latter fact also bodes well for the extensive exploration being undertaken over the TGO to test and increase confidence in underground resource sections. We expect the company to convert its current (positive) drill results into a firm understanding of TGO underground mining viability in the coming months.

Last updated on 01/06/2017

Key management

Ian Chalmers, MD

Company address

65 Burswood Road
WA 6100
View website