Key points
- Ore Reserves increased by 3.2% to 641,000 ounces of gold
- Growth due to exploration and rising gold price assumptions
- San Antonio open cut pit reserves not updated due to incomplete drilling
Full summary
Alkane Resources Limited has announced an update to the Mineral Resource and Ore Reserve estimate for its Tomingley Gold Mine in New South Wales, Australia, as of June 30, 2026. The total Ore Reserves have increased by 3.2% to 641,000 ounces of gold, net of a depletion of 95,000 ounces through site record production. The increase is attributed to exploration and grade control processes within Roswell and rising gold price assumptions. The Mineral Resources and Ore Reserves for the San Antonio open cut pit have not been updated due to incomplete grade control drilling, pending the completion of the Newell Highway realignment. The Peak Hill Mineral Resource remains unchanged due to no further significant exploration. Mineral Resources for Boda and Kaiser have not been updated due to insufficient further drilling.
Guidance
Ore Reserves increased by 3.2% to 641,000 ounces of gold as of June 30, 2026
Outlook
Alkane Resources expects continued growth in Ore Reserves as exploration and drilling activities progress.