Gold and Antimony Mining
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Alkane Executes $110 Million Revolving Credit Facility
Globenewswire· 2026-03-29 22:16
Core Viewpoint - Alkane Resources Limited has secured a A$110 million Revolving Credit Facility and a A$40 million Contingent Instrument Facility to enhance liquidity and broaden banking relationships [1][2]. Financial Overview - The company repaid a $45 million project finance facility in August 2025, which has led to the execution of the new credit facilities [2]. - As of December 2025, Alkane reported $232 million in cash and bullion, indicating strong financial health [3]. Facility Details - The Revolving Credit Facility (RCF) is for general corporate purposes and is structured under a syndicated facilities agreement with major Australian banks [2][5]. - The RCF has a tenor of 3 years with options for two one-year extensions, subject to lender approval [5]. - The Contingent Instrument Facility (CIF) allows for cash backing performance guarantees to be returned to the company [2][3]. Operational Performance - Alkane's operations are performing strongly, with an upcoming production update expected for the March 2026 quarter [3]. - The company has three operating mines in Australia and Sweden, with ongoing exploration to enhance resource growth [7]. Strategic Positioning - The new facilities will enable Alkane to act quickly on emerging opportunities and strengthen relationships with tier-1 banks [3]. - The company is focused on developing organic growth projects across its operations [3].
Toronto Stock Exchange, Alkane Resources Limited, The View from the C-Suite
TMX Newsfile· 2026-03-20 20:17
Company Overview - Alkane Resources Limited is an Australia-based gold and antimony producer with three operating mines located in Australia and Sweden [3] - The company's operations include the Tomingley gold mine in Central West New South Wales, the Costerfield gold and antimony mining operation in central Victoria, and the Björkdal gold mine in Sweden [3] - Alkane also owns the Boda-Kaiser Project, which is a bulk-tonnage gold-copper development prospect in Central West New South Wales [3] Executive Insights - Nic Earner, the Chief Executive Officer of Alkane Resources, shared insights about the company's strategy and operations in an interview with TMX Group [1] - The "View From The C-Suite" video interview series provides perspectives from listed companies on the Toronto Stock Exchange and TSX Venture Exchange, highlighting how executives navigate the current business environment [2]
Canagold's New Polaris Gold-Antimony Project Added to Canada's Critical Metals Advanced Projects Map
TMX Newsfile· 2026-03-16 11:00
Core Viewpoint - Canagold Resources Ltd. has announced that its New Polaris project has been added to the Canadian government's advanced gold-antimony projects map, highlighting its strategic importance in the context of increasing global demand for critical minerals [1][2]. Group 1: Project Development - The company plans to initiate a fully funded 7,000-metre diamond drilling program starting in June 2026, aimed at expanding high-grade gold-antimony mineralization within and adjacent to the current mine plan [1][2]. - The drilling program is designed to further define and potentially expand the gold-antimony resource base, which could positively impact early mine production and overall project economics [2]. Group 2: Strategic Importance - The integration of antimony production is believed to enhance the strategic value of the New Polaris project, particularly due to the rising global demand for secure and diversified supplies of critical minerals [2]. Group 3: Company Overview - Canagold Resources Ltd. is focused on advancing the New Polaris Project through various stages including feasibility, permitting, and production, while also aiming to expand its asset base by acquiring advanced projects [5].
Southern Cross Gold Drills Record High-Grade in Shallow Apollo: 17.3 Metres at 15.3 g/t Gold & 3.2% Antimony
TMX Newsfile· 2026-03-16 10:00
Core Insights - Southern Cross Gold Consolidated Ltd. (SXGC) reported significant drilling results from the Sunday Creek Gold-Antimony Project, highlighting high-grade intersections, particularly 17.3 m at 22.9 g/t AuEq, marking the best composite recorded in the upper Apollo system [1][4][9]. Drilling Results - Four drill holes (SDDSC195, SDDSC198, SDDSC199, SDDSC200) were completed, demonstrating consistent mineralization across the upper Apollo area, with all holes intersecting mineralized vein sets [7][11]. - The highest-grade composite intersection recorded was 17.3 m at 22.9 g/t AuEq from drill hole SDDSC200, including 6.3 m at 32.3 g/t Au and 7.0% Sb [9][16]. - Multiple intervals in the reported holes exceeded 20% antimony, indicating high concentrations consistent with the epizonal character of the Sunday Creek system [6][12]. Geological Insights - The upper Apollo system is characterized by a coherent vein architecture, with new high-grade cores identified in previously unrecognized vein sets, suggesting ongoing expansion of the mineralized system [4][11][18]. - The geological model supports the presence of high-grade gold-antimony mineralization from near surface, with significant discovery potential remaining [13][29]. Strategic Importance - The project is strategically significant due to its dual-metal profile, particularly in light of global supply constraints for antimony, a critical metal for various high-tech applications [30][33]. - SXGC's ongoing 200,000 m drill program aims to explore previously undrilled gaps and infill known vein sets, with 46 holes pending results and ten rigs currently operational [19][22]. Company Overview - Southern Cross Gold is focused on defining a leading gold-antimony project at Sunday Creek, located 60 km north of Melbourne, with a significant number of high-grade drill results reported [32][35]. - The company holds a strong cash position and strategic land ownership, positioning it well for advancing this globally significant discovery [35].
Alkane Resources Limited (ALK) Closes the Market
TMX Newsfile· 2026-02-25 21:55
Core Viewpoint - Alkane Resources Limited has successfully listed on the Toronto Stock Exchange (TSX), marking a significant milestone for the company [1]. Group 1: Company Overview - Alkane Resources is an Australia-based producer of gold and antimony, operating three mines: two in Australia and one in Sweden [2]. - The company's operational sites include the Tomingley gold mine in New South Wales, the Costerfield gold and antimony mining operation in Victoria, and the Björkdal gold mine in Sweden [2]. - Alkane also holds the Boda-Kaiser Project, a bulk-tonnage gold-copper development prospect located in Central West New South Wales [2]. Group 2: Recent Developments - In August 2025, Alkane merged with Canada-based Mandalay Resources Ltd, enhancing its market position [3]. - The company is also listed on the Australian Securities Exchange (ASX) under the ticker ASX: ALK, with its headquarters situated in Perth, Western Australia [3].
Canagold Accelerates Antimony Production Strategy with Additional Drilling and Technical Studies
TMX Newsfile· 2026-02-25 12:00
Core Viewpoint - Canagold Resources Ltd. is initiating a comprehensive work program for 2026 at its 100%-owned New Polaris project, focusing on expanding gold-antimony resources and evaluating the financial benefits of incorporating antimony production into the project development plans and economics [1][6]. Group 1: 2026 Work Program - The fully funded program will include approximately 7,000 metres of diamond drilling, scheduled to commence in June and continue through July 2026, targeting the expansion of high-grade gold-antimony mineralization [2]. - The objective of the drilling is to further define and potentially increase the gold-antimony resource base, which is expected to positively impact early production and overall project economics [2][5]. Group 2: Metallurgical and Engineering Studies - In parallel, the company will conduct additional metallurgical test work and preliminary engineering studies to optimize the flotation and refining process flowsheet for producing saleable antimony metal [3]. - Drill core from the 2026 program will provide fresh material for detailed metallurgical characterization, recovery optimization, and product specification testing [3]. Group 3: Economic Impact of Antimony Production - The majority of mining, crushing, grinding, and processing costs associated with antimony recovery are already included in the existing gold-focused mine plan, suggesting that the addition of a saleable antimony product will represent a meaningful incremental revenue stream with limited additional costs [4]. - Engineering and financial studies planned for 2026 will quantify the potential impact of antimony revenue on overall project cash flow, operating margins, and after-tax returns [5]. Group 4: Strategic Importance - The integration of antimony production is believed to enhance the strategic and economic profile of New Polaris, especially considering the growing global demand for secure and diversified critical mineral supply [6].
Alkane Advances Near-Mine Kendal Deposit with High Grade Antimony-Gold Intercepts at Costerfield
Globenewswire· 2026-02-25 01:28
Core Insights - Alkane Resources Limited announced significant exploration results from the Kendal deposit, indicating substantial high-grade mineralization potential near the Costerfield mine [1][3]. Exploration Results - The drilling results from the Kendal deposit show high-grade gold and antimony mineralization, with notable intercepts including: - 132.2 g/t gold and 19.8% antimony over 1.94m [10] - 267.5 g/t gold and 5.6% antimony over 2.3m [10] - 52.3 g/t gold and 43.1% antimony over 0.34m [18] - A total of 25 individual veins have been delineated, extending over a strike of 600m, with some veins traced for up to 500m in length and 200m in vertical extent [15]. Geological Context - The Kendal deposit is part of the Costerfield Anticline, characterized by complex structural features that have historically limited exploration effectiveness [9][11]. - The mineralization at Kendal is recognized as the up-dip continuation of the high-grade Youle and Shepherd deposits, which are currently being mined [10]. Historical Mining and Modern Operations - Historical mining at Costerfield occurred between 1861-1939, with modern operations starting in 2006 [4][5]. - The recent drilling has revealed significant veining that was previously undiscovered during historical mining activities [10]. Future Plans - The company plans to integrate the newly defined mineral resources from the Kendal system into the Costerfield resource and life-of-mine plan [26]. - Further drilling is warranted, particularly in the underexplored Costerfield Main reef, with drilling at Kendal expected to resume in 2026 [26].
NevGold Drills 8.51 g/t Oxide AuEq Over 10.6 Meters (8.11 g/t Au And 0.10% Antimony) Within 2.32 g/t Oxide AuEq Over 86.8 Meters (1.94 g/t Au And 0.10% Antimony); Discovers High-Grade Oxide Gold-Antimony “Armory Fault” Structure At Bullet Zone
Globenewswire· 2026-02-18 12:45
Core Insights - NevGold Corp. announced a significant high-grade oxide gold-antimony discovery at the "Armory Fault" within the Bullet Zone of its Limousine Butte Project in Nevada, marking a transformational development in understanding the structural controls of mineralization [1][4] - The ongoing exploration program aims to advance both near-term antimony production from historical gold leach pads and the definition of an initial gold-antimony Mineral Resource Estimate (MRE) [1][3] Exploration and Drilling Results - The "Armory Fault" discovery has revealed high-grade oxide gold-antimony mineralization with notable drill results, including 8.51 g/t AuEq over 10.6 meters and 12.34 g/t AuEq over 3.0 meters in the LB25-017 Lower Zone [3][10] - All drillholes in the Bullet Zone have intercepted significant oxide gold-antimony mineralization, validating the new geological model and expanding the mineralization footprint [3][15] - The 2025-2026 drill program has completed 30 holes, with 12 additional holes pending results, focusing on testing the new high-grade discoveries and project-wide targets [3][6] Geological Model and Mineralization - The updated geological model indicates that the older dolomite unit was thrust over the prospective Pilot Shale unit, creating favorable conditions for mineralization [14][19] - The preserved Pilot Shale extends over one kilometer east of prior drilling, suggesting significant potential for further mineralization [15][17] - The discovery of the "Armory Fault" is expected to replicate across the project, with multiple high-priority targets emerging for future drilling [4][19] Importance of Antimony - Antimony is classified as a "Critical Mineral" by the U.S. due to its strategic importance in military applications and technology, with a significant portion of global supply coming from China, Russia, and Tajikistan [20][21] - The U.S. Department of Defense has prioritized domestic production of antimony to mitigate supply chain disruptions, highlighting the relevance of projects like Limousine Butte [21][22]
Alkane Resources Provides Notice of Release of H1 and Q2 Financial Year 2026 Results and Conference Call
Globenewswire· 2026-02-10 07:43
Core Viewpoint - Alkane Resources Limited is set to release its first half and second quarter financial and operating results for the period ending December 31, 2025, on February 13, 2026, before TSX trading hours [1]. Group 1: Financial Results Announcement - The financial and operating results will be discussed in a conference call and webcast hosted by the Managing Director & CEO, Nic Earner, and CFO, James Carter [2]. - The conference call is scheduled for 8:30 am EST on February 13, 2026, in Toronto, Canada, and 9:30 pm AWST on the same day in Perth, Western Australia [2]. Group 2: Company Overview - Alkane Resources is an Australia-based gold and antimony producer with three operating mines located in Australia and Sweden [3]. - The company's producing assets include the Tomingley open pit and underground gold mine in New South Wales, the Costerfield gold and antimony underground mining operation in Victoria, and the Björkdal underground gold mine in Sweden [4]. - Alkane also owns the Boda-Kaiser Project, a large gold-copper porphyry project in New South Wales, and is actively exploring the surrounding Northern Molong Porphyry Project [5].
Proposed Investment and Earn-in with Nagambie Resources
Globenewswire· 2026-01-29 22:47
Core Viewpoint - Alkane Resources Limited has entered into a conditional placement and earn-in agreement with Nagambie Resources Limited to explore Nagambie's gold-antimony project, aiming to target potential depth extensions through investment [1][2]. Group 1: Company Overview - Alkane Resources is an Australia-based producer of gold and antimony, operating three mines in Australia and Sweden [3][4]. - The company's assets include the Tomingley gold mine in New South Wales, the Costerfield operation in Victoria, and the Björkdal mine in Sweden, with ongoing exploration efforts to increase resources at these sites [4]. - Alkane also holds the Boda-Kaiser Project, a significant gold-copper porphyry project in New South Wales, and is actively exploring the surrounding Northern Molong Porphyry Project [5]. Group 2: Strategic Initiatives - The investment in Nagambie aligns with Alkane's strategy to grow resources and expand production capabilities [2]. - The company has identified limited deep drilling at Nagambie, which presents an opportunity for exploration and potential resource enhancement [1].