Business: Alkane Resources
Alkane Resources Ltd is a multi-commodity mining and exploration company which was first listed on the ASX in 1969. It is owned by around 6400 shareholders including many local investors interested in regional development.
Alkane’s senior management team is based in Perth, Western Australia, and there are office locations and operations in central western NSW, eastern Australia and Western Australia. With projects across the Orana and Central West regions, Alkane has a presence in Narromine, Dubbo and Parkes Shires.
In Narromine Shire, there is a major focus on gold production through their wholly owned subsidiary, Tomingley Gold Operations along with nearby exploration tenements.
Underground mining is underway along with continued exploration of prospects with confirmed high-grade gold mineralisation in the Tomingley region.
This is being done in line with Alkane’s multi-faceted gold investment strategy as a priority. Cash resources are being used to do this and will increase value for shareholders and strengthen the company in the long-term.
In the Dubbo area, the world-class construction-ready Dubbo Project stands to become a strategic and significant producer of critical materials for advanced technologies: zirconium, certain rare earths, hafnium and niobium. With a potential mine life of 70 plus years, it is the most advanced project of its kind outside China. It is owned by subsidiary Australian Strategic Materials (ASM) which is monitoring market demand for these critical materials.
The Toongi Pastoral Company (TPC) was established in 2016 to manage the extensive residual farmland, assets and biodiversity offset areas associated with the Dubbo Project (some 3000 hectares in total). Wholly owned by Alkane, the 3000 hectare TPC produces sustainable and ethical mixed farming produce. Alkane is proud to have invested in agriculture to demonstrate that mining, farming, land management and nature conservation can co-exist in harmony with the local community.
The Parkes Shire is home to the rehabilitated Peak Hill Gold Mine. Current exploration includes investigation of extending this mine which Alkane Resources operated as an open pit from 1996 to 2005. This is in line with Alkane’s efforts to maintain an exploration effort in Central West NSW and provide a development pipeline of new projects.
As part of its gold investment strategy, the company is also committed to investment in junior gold mining entities and projects with high potential to which Alkane can bring additional capital, expertise and operating capability for mutual benefit.
As the first link in a sustainable supply chain, Alkane also upholds stringent social and environmental standards during mining and processing. The wellbeing of local communities is extremely important to Alkane, and they strive to leave a positive legacy.
The company supports development of more resilient regional communities through the establishment of permanent infrastructure, provision of training and career opportunities to local residents, the creation of local economic opportunities for service providers, and support and sponsorship of a range of local causes and events. They’ve been an active and contributing member of the central-western NSW community for 25 years, supporting local education and training, employing local talent, engaging with community activities and preferencing local products and services where possible.
Minimising the environmental footprint is also important and Alkane’s mining, processing and rehabilitation activities are carefully designed with wildlife safety and low environmental impact in mind. In 2015, Alkane received recognition at the NSW Mining Health, Safety, Environment and Community Awards for Environment and Community Leadership and Environment Excellence.