Alkane Resources MD updates on “significant quarter”

Описание: Alkane Resources Ltd (ASX:ALK) managing director Nic Earner talked with Proactive’s Tylah Tully about the company’s quarterly activity report.

In what he said was a “significant quarter”, Earner highlighted the successful commissioning of two key circuits, including the flotation and fine grind circuit, designed to enhance gold recovery by approximately 7%.

“To date, we've had sometimes seven but we've averaged about five as we commission that circuit,” he said of the recovery improvements.

Earner discussed the challenges and successes of the quarter, noting the completion of significant capital projects totalling more than $70 million.

He also addressed a drop in production due to operational adjustments during the holiday season but assured investors that production and recovery rates were expected to improve in the coming quarters.

Looking ahead, Alkane Resources anticipates steady growth in production and cash flow over the next 18 months, bolstered by its newly implemented systems.

Earner expressed optimism, stating that the company is well-positioned for a strong performance in the latter half of the year.

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