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Alkane Resources Provides Quarterly Activities Report

22 Jul 2021  |  09:52:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Quarterly Activities Report

Alkane Resources provided quarterly activities report. The drill program at Boda continues. Results received demonstrate further continuity of the high-grade breccia at Boda as well as showing extensions to the mineralised system to the south at Boda Two. Cash, bullion and listed investments position totalled A$73.9m. The Company has a $20m working capital facility with Macquarie Bank. This was undrawn at the end of the quarter. At the end of the quarter the Company had $9.2m of borrowings relating to mobile equipment financing arrangements.

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