PERTH (miningweekly.com) – Gold miner Alkane Resources has reported a 37% increase in the global mineral resource at its Roswell deposit, at its Tomingley project, in New South Wales.
The Roswell resource is now estimated to contain some 14.1-million tonnes, at 2 g/t gold for 904 000 oz of contained gold.
“The Roswell Resource continues to grow and, together with San Antonio, and continued reserve replacement at Tomingley underground, is showing the resources that should deliver a further 10+ year mine life for Tomingley,” said Alkane MD Eric Earner.
“In June 2021 we detailed the life of mine plan and discussed the upside potential that exists to maintain production at over 100 000 oz of gold a year not only from 2025, but beyond 2028. This resource upgrade certainly demonstrates that possibility.
“With the project approval process well underway we look forward to delivering on this potential for our shareholders, employees and other stakeholders in New South Wales.”