Aug 16th 2012 - Edison Investment Research today published a report on Alkane Resources entitled "Moving Into Development". In summary, the report says:
Alkane Resources has announced a number of key catalysts for developing its Tomingley Gold (TGP) and flagship Dubbo Zirconium-Niobium-Rare Earth (DZP) projects, both in New South Wales. A$70m of its March 2012 A$107m equity raising will go towards the A$107m (excluding contingencies) capex required to develop the TGP, the rest will be available via a A$45m loan facility and up to 163koz gold hedging facility agreed with Credit Suisse (which has been extended until 31 December 2012). Alkane has also successfully obtained memorandums of understanding (MoUs) for 100% of future DZP production (first production due in 2014), critical to securing the c A$708m capex (excluding EPCM and contingency) it needs.
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