Alkane Resources seems set for some serious cash flows from its Tomingley gold mine. This plus it’s 100 year Dubbo Zirconium Project with some of the world’s richest heavy Rare Earth Resources places Alkane in a very sweet spot. That they have a suite of other strategic metals (Niobium, Tantalum) adds to ALK’s desirability. The Tomingley mine will give ALK significant cash flows to progress their other projects.

“Definitive Feasibility Study for the project delivered production of 50,000 to 60,000 ounces of gold a year for an initial 7.5 years, and based on a gold price of A$1,700 per ounce the project should generate cash flow (EBITDA) of around A$250 million with an internal rate of return of 32%.” read more

I hold ALK

If Focus maintains this production level it will move into the top tier of Australian producers ~ likely around Alacer’s production.

ASX ANNOUNCEMENT 11 April 2012
FOCUS MINERALS DELIVERS 47,489oz OF GOLD IN MARCH QUARTER
– Boosts gold production by 28% in March Quarter –

Focus Minerals Ltd. (ASX: FML), a leading Australian gold producer and explorer, has produced 47,489oz
of gold for the March Quarter — a 28% increase on the December Quarter.
Chief Executive Officer Campbell Baird said the growth was due to an improved performance from its
recently acquired Laverton operations and ongoing, consistent output from its Coolgardie mines.
Mr Baird said the March Quarter production numbers underlined Focus’ growing status as a major
Australian gold producer.

“We are delivering strong production growth. On a quarterly production basis
we are among the top tier of Australian gold producers,” he said.

Focus’ Laverton operations delivered 25,636oz from its tenth ore processing campaign at the Barrick
Granny Smith mill, a 50 day processing campaign. Production from the Coolgardie mines was 21,853oz
as forecast, and in line with the preceding Quarter.

“We are on track to deliver consistent, stable production at Laverton and Coolgardie with operational
efficiencies that will enable us to achieve margin expansion at a time of strong gold prices,” Mr Baird said.

“At Laverton we have developed three new sources of ore including the Apollo pits and are focused on
delivering a structured turnaround. The improvement in performance has resulted from a combination of
the number of open pits in operation giving us blended ore sources to maintain recovery and
throughput. We completed Campaign 10 with over 150,000 tonnes already stockpiled on the ROM pad
at a grade of 1.8 g/t in preparation for the next Campaign in the June Quarter.”

“At our Coolgardie operations we have also demonstrated our ability to develop and commission new
mines, having established two new mines there in the first half of FY 2012 to grow production.”

Production for the June Quarter is targeted to remain consistent with the March Quarter for both Laverton
and Coolgardie. The Laverton processing campaign at Barrick Granny Smith is scheduled to be 41 days
but with mining from higher grade ore zones to sustain stable production. Gold production for Focus Minerals in the December Quarter was 37,098oz

I hold FML

Hi,
we have updated our Australian Gold producers page to show the 2011 production figures. Please tell us if we have mucked up anything.