Alkane Resources Ltd (ASX: ALK) Share Price and News

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Alkane Resources Ltd Chart and Price Data

Fundamentals Data provided by Morningstar.

Data provided by Morningstar.
Market Cap $311.61 million
P/E Ratio 16.26
Dividend Yield 0.00%
Shares Outstanding 604.58 million
Earnings per share 0.049
Dividend per share N/A
Year To Date Return -41.22%
Earnings Yield 6.15%
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as at 24 Feb 3:44pm

  • Alkane Resources Ltd (ASX: ALK)
    Latest News

    A woman in a business suit sits at her desk with gold bars in each hand while she kisses one bar with her eyes closed. Her desk has another three gold bars stacked in front of her. symbolising the rising Northern Star share price
    Gold

    Why this ASX gold stock could more than double in value

    This stock could provide golden returns for investors according to one leading broker.

    Read more »

    plummeting gold share price
    Earnings Results

    These 3 ASX gold shares are down sharply on FY24 results

    It wasn't a golden day for these players today.

    Read more »

    Woman holding gold bar and cheering.
    Gold

    Meet the ASX gold stock that could double in value

    Bell Potter thinks big returns could be on the cards for buyers of this gold miner.

    Read more »

    A group of business people dance around the office looking very happy.
    Share Gainers

    Can you guess the top 3 performing All Ordinaries shares in the first week of trade?

    All three suffered heavy losses in 2022. Could some bargain hunting be in play?

    Read more »

    A woman with strawberry blonde hair has a huge smile on her face and fist pumps the air having seen good news on her phone.
    Share Gainers

    Why Alkane, Appen, Warrego Energy, and Zip shares are racing higher today

    These ASX shares are on form on Thursday...

    Read more »

    a woman in a business suit holds a large solid gold bar in both hands with a superimposed image of a gagged gold line tracking upwards and featuring a swooping curved arrow pointing upwards.
    Gold

    Can you guess which ASX gold share is surging 15% on Thursday?

    The gold price has been marching higher since the early November lows.

    Read more »

    A man clenches his fists in excitement as gold coins fall from the sky.
    Share Gainers

    Why Alkane Resources, Block, Bubs, and Telix shares are storming higher

    These ASX shares are on fire on Monday...

    Read more »

    Green arrow going up on a stock market chart, symbolising a rising share price.
    Share Gainers

    Why Alkane, Chalice Mining, PointsBet, and Qantas shares are rising today

    These ASX shares have avoided the market selloff and are pushing higher...

    Read more »

    A woman in a business suit sits at her desk with gold bars in each hand while she kisses one bar with her eyes closed. Her desk has another three gold bars stacked in front of her. symbolising the rising Northern Star share price
    Gold

    Here's why ASX gold shares just had their best month in 2 years

    Gold prices rose sharply in February as investors sought out haven assets.

    Read more »

    share price gaining
    Share Gainers

    Why Alkane, De Grey, Nufarm, and St Barbara shares are pushing higher

    These ASX shares are on form on Friday...

    Read more »

    A woman in a business suit sits at her desk with gold bars in each hand while she kisses one bar with her eyes closed. Her desk has another three gold bars stacked in front of her. symbolising the rising Northern Star share price
    Resources Shares

    Here's why the Alkane Resources (ASX:ALK) share price rocketed 24% today

    This ASX minerals explorer is going for gold and copper.

    Read more »

    A shocked man sits at his desk looking at his laptop while talking on his mobile phone with declining arrows in the background representing falling ASX 200 shares today
    Share Fallers

    Why Alkane, Carsales, Platinum, & Stockland shares are tumbling lower

    These ASX shares are under pressure on Tuesday...

    Read more »

    Frequently Asked Questions

    No, Alkane Resources does not pay dividends at this time.

    Alkane Resources Ltd listed on the ASX on 7 October 1980.

    ALK ASX Announcements

    An announcement is considered as "Price Sensitive" if it is thought that it may have an impact on the price of the security.

    DateAnnouncementPrice Sensitive?TimeNo. of PagesFile Size
    YesNo

    About Alkane Resources Ltd

    Alkane Resources Ltd (ASX: ALK) is a gold exploration and production company. It owns and operates Tomingley Gold Operations, an open pit and underground gold mining development, near Dubbo in central west New South Wales. The Tomingley project has an expected mine life until at least the end of 2032. Alkane also holds several prospective gold and copper tenements in the region, including the Boda deposit near Wellington, NSW. 

    ALK Share Price History Data provided by Morningstar.

    Data provided by Morningstar.
    Date Close Change % Change Volume Open High Low
    22 Nov 2024 $0.52 $0.02 4.00% 1,668,227 $0.50 $0.52 $0.49
    21 Nov 2024 $0.50 $0.01 2.02% 854,314 $0.50 $0.50 $0.49
    20 Nov 2024 $0.50 $-0.01 -2.00% 719,307 $0.51 $0.51 $0.49
    19 Nov 2024 $0.50 $0.02 4.12% 1,185,658 $0.50 $0.51 $0.49
    18 Nov 2024 $0.49 $-0.01 -2.04% 927,868 $0.50 $0.51 $0.48
    15 Nov 2024 $0.49 $0.02 4.26% 493,560 $0.48 $0.50 $0.48
    14 Nov 2024 $0.47 $-0.02 -4.12% 1,094,610 $0.49 $0.50 $0.47
    13 Nov 2024 $0.49 $-0.01 -2.02% 734,085 $0.49 $0.50 $0.48
    12 Nov 2024 $0.50 $-0.03 -5.77% 1,485,972 $0.50 $0.50 $0.48
    11 Nov 2024 $0.52 $0.01 1.94% 842,966 $0.52 $0.53 $0.51
    08 Nov 2024 $0.52 $0.02 4.00% 880,886 $0.52 $0.53 $0.52
    07 Nov 2024 $0.50 $-0.03 -5.71% 1,511,555 $0.52 $0.52 $0.49
    06 Nov 2024 $0.53 $-0.02 -3.67% 968,769 $0.54 $0.55 $0.53
    05 Nov 2024 $0.55 $0.02 3.77% 620,464 $0.53 $0.55 $0.53
    04 Nov 2024 $0.53 $-0.02 -3.64% 1,139,108 $0.55 $0.56 $0.52
    01 Nov 2024 $0.55 $-0.02 -3.51% 1,227,499 $0.56 $0.56 $0.54
    31 Oct 2024 $0.57 $0.01 1.80% 1,158,072 $0.57 $0.59 $0.56
    30 Oct 2024 $0.56 $-0.02 -3.48% 1,810,289 $0.58 $0.59 $0.56
    29 Oct 2024 $0.58 $0.01 1.75% 1,284,615 $0.58 $0.59 $0.57
    28 Oct 2024 $0.57 $-0.04 -6.56% 2,513,614 $0.60 $0.61 $0.57
    25 Oct 2024 $0.61 $0.03 5.13% 1,720,611 $0.58 $0.61 $0.58
    24 Oct 2024 $0.59 $-0.01 -1.68% 1,486,832 $0.58 $0.60 $0.57

    Director Transactions Data provided by Morningstar.

    Data provided by Morningstar.
    Date Director Type Amount Value Notes
    31 Jul 2024 Anthony (Tony) Lethlean Transfer 50,050 $21,771
    As advised by the company.
    31 Jul 2024 Anthony (Tony) Lethlean Buy 100,000 $44,000
    On-market trade.
    31 Jul 2024 Anthony (Tony) Lethlean Transfer 50,050 $21,771
    As advised by the company. (transfer between holders - no
    beneficial ownership change)
    30 Jul 2024 Ian Gandel Buy 1,100,000 $486,750
    On-market trade.
    30 Jul 2024 Nicholas (Nic) Earner Buy 171,107 $75,211
    On-market trade.
    17 Jan 2024 Ian Gandel Sell 8,695,653 $5,000,000
    On-market trade.
    28 Nov 2023 David Chalmers Buy 104,070 $67,125
    Conversion of securities.
    28 Nov 2023 David Chalmers Exercise 104,070 $67,125
    Conversion of securities. 4,49,483 Rights
    28 Nov 2023 David Chalmers Issued 391,172 $252,305
    Issue of securities. 8,40,655 Rights
    28 Nov 2023 Nicholas (Nic) Earner Exercise 306,735 $197,844
    Conversion of securities. 19,13,612 Rights
    28 Nov 2023 Nicholas (Nic) Earner Issued 1,505,758 $971,213
    Issue of securities. 34,19,370 Rights
    28 Nov 2023 Nicholas (Nic) Earner Buy 306,735 $197,844
    Conversion of securities.

    Directors & Management Data provided by Morningstar.

    Data provided by Morningstar.
    Name Title Start Date Profile
    Mr David Ian Chalmers Technical Director Oct 2006
    Mr Chalmers has worked in the mining and exploration industry for over 50 years, during which time he has had experience in all facets of exploration and mining through feasibility and development to the production phase. Mr Chalmers was Technical Director of Alkane until his appointment as Managing Director in 2006, overseeing the group's minerals exploration efforts. During his time as chief executive he steered Alkane through the discovery, feasibility, construction and development of the now fully operational Tomingley Gold Operations; the discovery and ultimate sale of the McPhillamys gold deposit; the evaluation, recovery flowsheet, marketing and feasibility for the Dubbo Project (rare metals and rare earths), advancing the project towards development; and the recent discovery of the gold deposits immediately south of Tomingley and the porphyry gold-copper discovery at Boda.
    Mr Ian Jeffrey Gandel Non-Executive DirectorNon-Executive Chairman Jul 2006
    Mr Gandel is a Melbourne-based businessman with experience in retail management and retail property. He has been a director of the Gandel Retail Trust and has had an involvement in the construction and leasing of Gandel shopping centers. He has previously been involved in the Priceline retail chain and the CEO chain of serviced offices. Mr Gandel has been an investor in the mining industry since 1994. Mr Gandel is currently a substantial holder in several publicly listed Australian companies and, through his private investment vehicles, now holds and explores tenements in his own right in Western Australia and South Australia. Mr Gandel is currently an executive chairman of Alliance Resources Pty Ltd (appointed as a director on 15 October 2003 and in June 2016 was appointed non-executive chairman). Mr Gandel is currently non-executive chairman of Australian Strategic Materials Limited
    Mr Anthony (Tony) Dean Lethlean Non-Executive Director May 2002
    Mr Lethlean is a geologist with over ten years of mining experience, including four years underground on the Golden Mile in Kalgoorlie. In later years, he has worked as a resource analyst with various stockbrokers and investment banks including CIBC World Markets. He was a founding director of Helmsec Global Capital Limited, which seeded, listed and funded several companies in a range of commodities. He retired from the Helmsec group in 2014. He is also a director of corporate advisory Rawson Lewis. He is Chair of the Risk Committees.
    Mr Gavin Murray Smith Non-Executive Director Nov 2017
    Mr Smith is a senior executive and non-executive director within multinational business environments. He has more than 35 years of experience in Information Technology, Business Development, and General Management in a wide range of industries and sectors. Mr Smith has worked for the Bosch group for the past 34 years in Australia and Germany and is current chair and president of Robert Bosch Australia. In this role, Mr Smith has led the restructuring and transformation of the local Bosch subsidiary. Concurrent with this role, he is a non-executive director of the various Bosch subsidiaries, joint ventures, and direct investment companies in Australia and New Zealand. Mr Smith is currently a non-executive director of Australian Strategic Materials Ltd. He is a member of the Risk Committee.
    Mr Nicholas (Nic) Paul Earner Managing Director Sep 2017
    Mr Earner with 30 years of experience in technical and operational optimization and management and has held several executive roles in mining and processing. Mr Earner joined Alkane Resources Ltd as Chief Operations Officer in August 2013 with responsibility for the safe and efficient management of the company's operations at Tomingley Gold Operations (Tomingley) and Dubbo (Dubbo Project). During Mr Earner's time as Managing Director, the Dubbo Project has been de-merged into the separately listed Australian Strategic Materials, Tomingley has had its mine life extension approved by the NSW government, and the Boda-Kaiser Project has gone from discovery to scoping study. He is a member of the Risk Committee.
    Mr Dennis William Wilkins Company Secretary Mar 2018
    -
    Ms Julia Beckett Joint Company Secretary Oct 2024
    -
    J Carter Chief Financial Officer/ Joint Company Secretary
    -
    Dennis William Wilkins Company Secretary
    -
    S Parsons Executive General Manager - Operations
    -
    Julia Beckett Joint Company Secretary
    -

    Top Shareholders Data provided by Morningstar.

    Data provided by Morningstar.
    Name Shares Capital
    HSBC Custody Nominees (Australia) Limited 49,007,119 8.11%
    Abbotsleigh Pty Ltd 40,232,105 6.65%
    Citicorp Nominees Pty Limited 38,294,359 6.33%
    J P Morgan Nominees Australia Pty Limited 18,560,361 3.07%
    Lilycreek Pty Ltd <The Lilycreek A/C> 16,466,667 2.72%
    Magnabay Pty Ltd <The Magnabay A/C> 16,466,667 2.72%
    Auburnvalley Pty Ltd <The Auburnvalley A/C> 16,466,666 2.72%
    ILG Estate Co 3 Pty Ltd 13,311,748 2.20%
    ILG Estate Co 1 Pty Ltd 13,311,747 2.20%
    ILG Estate Co 2 Pty Ltd 13,311,747 2.20%
    ILG Estate Co 4 Pty Ltd 13,311,747 2.20%
    BNP Paribas Nominees Pty Ltd <Ib Au Noms Retailclient> 10,321,388 1.71%
    Abbotsleigh Pty Ltd <Abbotsleigh S/F A/C> 8,600,000 1.42%
    Bnp Paribas Nominees Pty Ltd 5,861,004 0.97%
    Garrett Smythe Ltd 5,601,125 0.93%
    Leefab Pty Ltd 5,560,718 0.92%
    BNP Paribas Noms Pty Ltd <Clearstream> 5,398,549 0.89%
    Ed-Ne Pty Ltd <Earnerdavies Family A/C> 5,348,450 0.88%
    Gardenway Proprietary Limited <The Gardenway A/C> 5,180,918 0.86%
    Abbotsleigh Pty Ltd i 5,000,000 0.83%
    Abbotsleigh Pty Ltd ii 4,149,183 0.69%
    Fyvie Pty Ltd <Uthmeyer Family No 2 A/C> 3,450,000 0.57%
    SMAAS Ventures 2 Pty Ltd 3,131,522 0.52%

    Profile

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