Highlights
- The first production stope at Roswell is being blasted today, marking the transition from ore development to production stoping.
- The first stope is planned for 23,000 tonnes of ore at an average grade of 5.2g/t gold.
- Production from Roswell will continue to ramp up. The regulator has approved the relevant mine management plans allowing full extraction and processing.
Alkane is pleased to announce the first stope blast at the Roswell deposit at its Tomingley Gold Operations (‘Tomingley’) in Central New South Wales. This milestone marks the commencement of production ore at Roswell, a higher-grade orebody developed by Alkane to both extend Tomingley’s mine life and increase production. Roswell’s planned development and ramp-up is needed to meet the Company’s current financial year production guidance.
Full details of Mineral Resource and Ore Reserves for the Roswell underground development were reported in ASX Announcement 27 February 2024. This production stope is within the Reserve.
Alkane Managing Director, Nic Earner, said: “The firing of the first production stope at Roswell is a major milestone for Tomingley that we have been working towards since drilling our first exploration hole there in 2018.
“Not only does Roswell have higher-grade stopes but it is open at depth and along strike. We continue to conduct both grade control and extension drilling from underground. We’re continuing with extensive development to enable production to ramp up.
“On behalf of the board I would like to thank the exploration, production and project teams for the work they have done to allow this milestone to occur.”
