Alkane Resources managing director Nic Earner sees a bright future in the company’s Tomingley gold mine in New South Wales.
Recent underground core drilling at the site has focused on step-out drilling to define extensions to resources.
The Caloma Two deposit has seen underground resource expansion drilling of 91 holes for 15,429m testing mineralised structures separate from the defined resource.
Earner said the drilling demonstrated “significant resource expansion potential at Caloma Two”.
“Most of Tomingley’s deposits remain open at depth and along strike,” Earner said.
“We will now evaluate the economic recovery potential of these new lodes, which may result in further drilling to allow inclusion into our reserves. With the continued expansion of the ore that can be mined, the future of Tomingley is very bright.”
Alkane will conduct further drilling once an initial appraisal is complete and will seek to raise the status of ore reserves in anticipation of mining.
The news of a potential Caloma Two expansion follows an October 2024 announcement that Alkane had found new prospects in its latest regional exploration activities at Tomingley and would aim to extend the mine life.
“We continue to explore at Tomingley both within our approved mining areas and regionally,”Earner said.
“With current plans already extending to 2032, we are seeking to add further mine life, scale, and grade to Tomingley.”
