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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$98.7m
Last closeA$0.20
High / Low (52 weeks)A$0.3 / A$0.2
Stock market listingAU
Forecast net cash (A$m)66.5
Forecast gearing ratio (%)N/A
TeamResources - Mining
SectorMining

Price performance

%1m3m12m
Actual(2.5)(15.2)(32.8)
Relative *(6.1)(20)(34.6)

* % Relative to local index

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Company news

2017 – The Year of Alkane Resources

Thu, 20 Jul 2017 13:48:25 GMT

Alkane Resources Ltd kicks off large exploration program at Tomingley

Thu, 22 Sep 2016 02:02:13 GMT

Alkane Resources doubles Proved Ore Reserves of Dubbo Project

Wed, 20 Sep 2017 07:23:13 GMT

Alkane Resources develops new process to produce hafnium

Tue, 16 Jan 2018 23:48:45 GMT

Did Alkane Resources Limited (ASX:ALK) Create Value For Investors Over The ...

Tue, 17 Apr 2018 02:26:15 GMT

Y/E Jun Revenue (A$m) EBITDA (A$m) PBT (A$m) EPS (c) P/E (x) P/CF (x)
2017A 117.8 49.3 6.6 2.23 8.7 N/A
2018A 130.0 68.6 31.5 4.87 4.0 N/A
2019E 73.9 20.7 14.3 2.15 9.1 N/A
2020E 47.9 11.5 1.7 (1.30) N/A N/A

Last updated on 13/02/2019

Investment summary

Alkane Resources is a well-funded gold production company with A$73.7m in cash and no debt. It is seeking to leverage its cash balance and extensive expertise in gold mining and exploration through a strategy of investing in junior gold companies and projects that meet its investment criteria. Alongside this, the company is transitioning from open pit mining to underground mining at its Tomingley gold project and is pursuing the finance required to develop its Dubbo polymetallic project.

Last updated on 12/02/2019

Industry outlook

Alkane continues to market the strategic Dubbo project (DP) asset to a wide range of potential customer/investors across Europe, Asia and the US. The current US-China trade war and general US protectionist stance towards its industries, bodes well for development of non-Chinese production of rare metals from projects such as the DP.

Last updated on 01/02/2019

Key management

Ian Gandel, Chairman
Nic Earner, MD
Ian Chalmers, Technical director

Company address

65 Burswood Road
Burswood
WA 6100
Australia
+61-8-92275677
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