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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$101.2m
Last closeA$0.20
High / Low (52 weeks)A$0.4 / A$0.2
Stock market listingAU
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamResources - Mining
SectorMining

Price performance

%1m3m12m
Actual(13)(7)(33.3)
Relative *(11.7)2.1(29.2)

* % Relative to local index

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Company news

Y/E Jun Revenue (A$m) EBITDA (A$m) PBT (A$m) EPS (c) P/E (x) P/CF (x)
2017A 117.8 61.3 18.0 4.5 4.4 1.9
2018A 130.0 68.8 31.3 4.8 4.2 2.2
2019E N/A N/A N/A N/A N/A N/A
2020E N/A N/A N/A N/A N/A N/A

Last updated on 29/11/2018

Investment summary

ALK's is expected to produce c. 30,000 to 35,000 ounces (oz) gold (Au) in FY19 from its Tomingley gold project, located in NSW, Australia. At Tomingley, Alkane is expected to commence underground development work in early-2019 with the extraction of ore to occur from mid-2019 onwards. Alkane also has an extensive regional exploration programme underway, which is focused on defining ounces that can be used to extend the life of the Tomingley operation. Alongside this, the company is also seeking the required funding to move its Dubbo polymineral project, also located in NSW, into production.

Last updated on 29/11/2018

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 29/11/2018

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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