Alkane Resources Boosts Facility for Tomingley Growth

Alkane Resources Ltd (AU:ALK) has released an update.

Alkane Resources Ltd has successfully restructured its Macquarie Bank debt facility, boosting it to $60 million with an extension until June 2027, to support the expansion of the Tomingley Gold Operations. The restructured terms ensure a smoother repayment schedule without the need for additional hedging. Alkane has also secured put options for gold at A$3000/oz, ensuring price stability and maintaining upside potential, with total liquidity of approximately $95 million to cover development and working capital needs.

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