- The Tomingley Gold Extension Project (TGEP) is located 3km south of the Tomingley Gold Operations (TGO) and is linked to the mine via an underground decline.
- Grade control drilling from the underground development at the Roswell deposit has confirmed significant high grade gold mineralisation and lifted the initial underground Ore Reserves for Roswell from 119,000 ounces to 237,000 ounces.
- Including the planned open cut, total Ore Reserves for Roswell now stand at 450,000 ounces.
- The Mineral Resource base for the TGEP was revised to 1.17 million ounces with internal Ore Reserves of 664,000 ounces.
- Further drilling at Roswell continues to refine and expand both the underground reserves and resources.
- First stoping from Roswell is scheduled to commence in April pending approval of the relevant mine management plans by the regulator.
Alkane Resources Managing Director, Nic Earner, said:
“The updated Roswell Reserve is the latest step in the development of the Roswell orebody as the new source of ore for Tomingley. The lift in Reserve is derived from the high-density drilling that has occurred underground at the deposit, which is ongoing. This has also enabled the optimisation of mine plans and stope designs. First stoping from Roswell is expected in April as soon as the regulator has given approval to the relevant Tomingley Management Plans. Overall project approval has been granted; approval of plans is a condition required to be met prior to operational commencement.
“The higher grades expected to be mined at Roswell, together with the paste plant under construction should lift production to the run rate of 80,000 ounce per annum level. This is the first stage in the pathway to regularly producing over 100,000 ounces per year at Tomingley.”
