Gold and Antimony Mining
Search documents
December 2025 Quarterly Production Update
Globenewswire· 2026-01-08 09:22
Core Viewpoint - Alkane Resources Ltd reported a solid quarterly production of 43,663 ounces of gold equivalent, with a significant increase in cash and bullion holdings to A$246 million at the end of the quarter [2][3]. Production Summary - Quarterly gold production totaled 43,663 AuEq ounces, with contributions from three mines: Tomingley (22,089 Au oz), Costerfield (11,686 AuEq oz), and Björkdal (9,888 Au oz) [1][3]. - Year-to-date production reached 80,070 AuEq ounces, with sales of 42,709 Au oz and 409 tonnes of antimony during the quarter [1][5]. Financial Performance - The company reported a cash and bullion balance of A$246 million, reflecting an increase of A$55 million from the previous quarter, after an FY25 income tax payment of A$11 million [5]. - Alkane received an A$18 million provisional payment from a concentrate shipment in early January, which was delayed due to the Christmas holidays [5]. Guidance and Future Outlook - The FY2026 production guidance remains unchanged at 160,000 to 175,000 AuEq ounces, with an all-in sustaining cost (AISC) projected between A$2,600 and A$2,900 per AuEq ounce [5][13]. - The company is debt-free, except for A$22 million in equipment finance as of December 31, 2025 [5]. Asset Overview - Alkane operates three mines: Tomingley in New South Wales, Costerfield in Victoria, and Björkdal in Sweden, with ongoing exploration to enhance resources at these sites [6]. - The company also owns the Boda-Kaiser Project, a significant gold-copper porphyry project, and is exploring the Northern Molong Porphyry Project [7].
December 2025 Quarterly Production Update
Globenewswire· 2026-01-08 09:22
Core Viewpoint - Alkane Resources Ltd reported a solid quarterly production of 43,663 ounces of gold equivalent (AuEq) for the period from October 1, 2025, to December 31, 2025, with a significant increase in cash and bullion holdings to A$246 million [3][4]. Production Summary - Total gold production for the quarter was 42,767 ounces, with contributions from three operating mines: Tomingley (22,089 Au oz), Costerfield (10,790 Au oz), and Björkdal (9,888 Au oz) [3][4]. - The company also produced 267 tonnes of antimony during the quarter, contributing to the total AuEq production of 43,663 ounces [3][4]. - Year-to-date production figures show a total of 78,294 Au oz and 465 tonnes of antimony [3][4]. Financial Summary - The company reported a closing cash balance of A$218 million, with an additional A$14 million in bullion and A$14 million in listed investments, totaling A$246 million at the end of the quarter [2][3]. - There was an increase of A$55 million from the previous quarter, after accounting for an FY25 income tax payment of A$11 million [6]. - Alkane received an A$18 million provisional payment in early January from a concentrate shipment, which was delayed due to the Christmas holidays [6]. Guidance and Future Outlook - The FY2026 production guidance remains unchanged at 160,000 to 175,000 AuEq ounces, with an all-in sustaining cost (AISC) projected between A$2,600 and A$2,900 per AuEq ounce [6][14]. - The company is debt-free, except for equipment finance of A$22 million as of December 31, 2025 [6]. Asset Overview - Alkane operates three mines: Tomingley in New South Wales, Costerfield in Victoria, and Björkdal in Sweden, with ongoing exploration efforts to expand resources at these sites [7]. - The company also owns the Boda-Kaiser Project, a significant gold-copper porphyry project, and is confident in enhancing the region's reputation for gold, copper, and antimony production [8].
Nova’s RPM North Drilling Confirms Further Resource Upside with East Extension Discovery
Globenewswire· 2026-01-07 11:30
Anchorage Alaska, Jan. 07, 2026 (GLOBE NEWSWIRE) -- Nova Minerals Limited (“Nova” or the “Company”) (NASDAQ: NVA) (ASX: NVA) (FRA: QM3) ) is pleased to announce further broad, near-surface gold results from its RPM North deposit, within the Company's flagship Estelle Gold and Critical Minerals Project, located in the prolific Tintina Gold Belt in Alaska. Highlights 2025 drilling extends the halo around the high-grade core zone at RPM North with further broad intercepts and a new eastern discovery. RPM Valle ...
Response to Media Article Regarding Pakistani Antimony Concentrate
Globenewswire· 2026-01-05 11:30
Core Viewpoint - Nova Minerals Limited is exploring the potential acquisition of antimony in Pakistan, with preliminary discussions ongoing, but all arrangements remain exploratory at this stage [1][2]. Group 1: Company Overview - Nova Minerals Limited is focused on advancing the Estelle Gold and Critical Minerals Project in Alaska, which includes multiple mining complexes and over 20 advanced gold and antimony prospects [4]. - The Estelle Project covers 514 km of mining claims and is located in the Tintina Gold Belt, known for its significant gold and antimony deposits [4]. - The project is 85% owned by the company and is situated 150 km northwest of Anchorage, Alaska [4]. Group 2: Financial and Operational Highlights - In 2026, the company aims to complete the Feasibility Study for its gold assets and begin production of military-grade antimony trisulfide, supported by a US$43.4 million award from the U.S. Department of Defense [3].
Perpetua Resources Partners with the Idaho National Laboratory to Advance Critical Mineral Pilot Plant
Prnewswire· 2025-12-09 12:00
Core Viewpoint - Perpetua Resources Corp. has entered into an agreement with Idaho National Laboratory to establish a pilot processing plant aimed at recovering critical minerals, particularly antimony, from its Stibnite Gold Project, enhancing domestic defense capabilities and workforce training in Idaho [1][2][3]. Group 1: Partnership and Objectives - The pilot processing plant will demonstrate the feasibility of producing military-grade antimony trisulfide from materials sourced from the Stibnite Gold Project [1][2]. - This initiative is part of a broader collaboration with the U.S. Army through the Defense Ordnance Technology Consortium to secure domestic sources of critical minerals [3][4]. - The partnership aims to strengthen America's supply chain resilience and advance Idaho's role in critical minerals and workforce development [4][5]. Group 2: Financial and Operational Aspects - Perpetua Resources has received a total of $22.4 million in funding from the Defense Ordnance Technology Consortium, with the latest award amounting to $6.9 million [3]. - The Stibnite Gold Project is expected to supply up to 35% of U.S. antimony demand during its first six years of operation, addressing long-term Department of War needs [5][6]. Group 3: Environmental and Economic Impact - The project will create hundreds of family-wage jobs, restore fish access to critical spawning habitats, and improve water quality at a historically abandoned mine site [5][6]. - The establishment of domestic production capabilities for antimony trisulfide is essential for U.S. munitions and defense systems [7][8].
Nova CEO to Present at the Redchip Metals & Mining Webinar and Emerging Growth Conference
Globenewswire· 2025-12-08 11:30
Core Insights - Nova Minerals Limited is hosting two live webinars to update shareholders and investors on the Estelle Gold and Critical Minerals Project in Alaska, highlighting its significant growth potential and recent funding developments [2][6]. Company Overview - Nova Minerals Limited focuses on gold, antimony, and critical minerals exploration and development, particularly the Estelle Project, which spans 514 km of mining claims in Alaska and includes multiple advanced gold and antimony prospects [6]. - The Estelle Project is located in the Tintina Gold Belt, known for its substantial gold endowment exceeding 220 million ounces and significant antimony deposits [6]. Recent Developments - The company recently received a US$43.4 million award from the Department of War, which will support its strategy to establish a fully domestic antimony supply chain in the United States [2]. - The Estelle Project contains two defined multi-million ounce resources and several drill-ready antimony prospects, indicating strong potential for future production [6]. Webinar Details - The webinars will feature CEO Christopher Gerteisen discussing the latest project developments, with opportunities for attendees to ask questions [2][7]. - Archived webcasts will be available for those unable to attend the live events [5].
Alkane Resources Limited: Appointment of Non-Executive Director
Globenewswire· 2025-11-24 22:41
Core Viewpoint - Alkane Resources Limited has appointed Ms. Denise McComish as an independent Non-Executive Director, effective December 1, 2025, who will also chair the Audit & Risk Committee [1][5]. Company Overview - Alkane Resources is an Australia-based gold and antimony producer with a portfolio of three operating mines located in Australia and Sweden [6]. - The company has a strong balance sheet and is positioned for further growth [6]. Key Appointee Background - Ms. McComish has extensive experience in finance, strategy, corporate governance, ESG, and board roles across various sectors, having been a partner at KPMG for 30 years [2]. - She currently serves as a Non-Executive Director for multiple organizations, including Web Travel Group Limited and WA Electricity Generation and Retail Corporation (Synergy) [3]. - Ms. McComish is a Fellow of Chartered Accountants Australia and New Zealand and a member of Chief Executive Women [4]. Strategic Importance - Alkane Chair Andy Quinn expressed confidence that Ms. McComish's expertise in governance, audit, risk, and ESG matters will be invaluable in aligning with the company's objective to deliver long-term value for shareholders and stakeholders [5].
Alkane Resources Limited: Q1 FY2026 Operating & Financial Results Webcast
Globenewswire· 2025-11-12 02:54
Core Viewpoint - Alkane Resources Limited is set to release its Q1 FY2026 Operating Financial Results on November 13, 2025, followed by a conference call and webcast to discuss these results [1]. Company Overview - Alkane Resources is an Australia-based gold and antimony producer with a portfolio of three operating mines located in Australia and Sweden [2]. - The company has a strong balance sheet and is positioned for further growth [2]. Operating Assets - Alkane's producing assets include: - Tomingley open pit and underground gold mine in Central West New South Wales, Australia - Costerfield gold and antimony underground mining operation in Central Victoria, Australia - Björkdal underground gold mine in Sweden, approximately 750 km north of Stockholm [3]. Exploration and Development Projects - The company owns the Boda-Kaiser Project, a large gold-copper porphyry project in Central West New South Wales, and has outlined an economic development pathway in a Scoping Study [4]. - Ongoing exploration in the Northern Molong Porphyry Project aims to enhance the region's reputation as a significant gold, copper, and antimony production area [4].
Nova Commences Key Mining and Processing Equipment Procurement to Expediate Antimony Production
Globenewswire· 2025-10-28 10:30
Core Viewpoint - Nova Minerals Limited has initiated the procurement of essential mining and processing equipment for its Estelle starter antimony mining operations and downstream refinery at Port Mackenzie, Alaska, with the first production of military-grade antimony trisulfide expected in 2026/27 [1][6]. Equipment Procurement - All equipment is scheduled for delivery in the coming months, with transportation to the site planned via snow road in January 2026 [3]. - Key equipment purchases include two ore sorters, which demonstrated a 60.3% recovery rate of antimony from a 500 kg sample, significantly improving the feed grade from 15.2% to 35.2% Sb [3][4]. - One ore sorter will be installed at the Whiskey Bravo camp for processing stibnite ore stockpiles, while the second will be at the Port Mackenzie refinery site [4]. Strategic Objectives - The equipment purchases are aimed at advancing Nova's strategy to establish a fully integrated U.S. domestic antimony supply chain centered at Port Mackenzie, Alaska [5]. - The company is focused on securing a robust domestic supply chain for military-grade antimony, supported by a non-dilutive US$43.4 million award from the U.S. Department of War [6][7]. Financial Position - Nova has a strong balance sheet with approximately A$83.0 million in funding, including A$17.5 million in cash and the US$43.4 million award [9]. - These resources are expected to support the company's ambitious antimony and gold development programs without delay [9]. Exploration and Resource Development - The exploration team is advancing the broader Estelle Gold Project, with 2025 drilling and sampling programs completed and assays pending [9]. - An updated Mineral Resource Estimate is expected to further define Nova's growing gold and antimony portfolio in Alaska [9]. Market Position - Nova is positioned as a leader in the U.S. antimony production sector, bolstered by strong government support and increasing demand from partners for additional feedstock [7][8]. - The company aims to foster America's antimony independence while capitalizing on its first mover advantage in the market [8].
Nova Minerals CEO to Present at the Emerging Growth Conference
Globenewswire· 2025-10-23 10:00
Core Insights - Nova Minerals Limited is hosting a live webinar to update shareholders and the market on its Estelle Gold and Critical Minerals Project in Alaska, highlighting its significant growth potential and recent funding [1][2]. Company Overview - Nova Minerals Limited focuses on the exploration and development of gold, antimony, and critical minerals, particularly advancing the Estelle Project, which spans 514 km of mining claims in Alaska [5]. - The Estelle Project contains multiple mining complexes along a 35 km mineralized corridor, featuring over 20 advanced gold and antimony prospects, including two defined multi-million-ounce resources [5]. Recent Developments - The company recently received a US$43.4 million award from the Department of War, which will support its strategy to develop antimony assets and establish a domestic supply chain in the U.S. [2]. - The Estelle Project is located in the Tintina Gold Belt, known for its substantial gold endowment exceeding 220 million ounces and significant antimony deposits [5]. Webinar Details - The webinar will feature CEO Christopher Gerteisen, who will discuss the latest developments and strategies for the Estelle Project [2]. - Attendees will have the opportunity to ask questions during the event, and an archived version will be available online for those unable to attend live [3].