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Alkane capitalises on NSW gold revival

NEW South Wales-focused gold miner Alkane Resources, which this year reinvigorated interest in the Lachlan Fold Belt with its Boda copper-gold discovery, is raising up to A$55 million to accelerate development of its Tomingley underground mine, nearby discoveries and accelerate exploration across its portfolio.

Haydn Black
Alkane is ramping up drilling.

Alkane is ramping up drilling.

MNN understands Alkane is working with Hartleys and Petra Capital to pursue a $20 million placement and a 1:8 non-renounceable entitlement offer for a further $34.8 million.    Alkane chairman Ian...

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