Backing by mining giant a definite thumbs up for evolving NSW yellow metal target

摘要

For junior Alkane Resources Ltd, results from the McPhillamys gold play near Orange in New South Wales go a long way to show that there's cause for excitement despite the fact that the resource is only delineated conceptually. And nowhere is this more evident than in the interest shown by Newmont Australia Ltd, which has agreed to undertake management of the project. Last month, Newmont confirmed that it would pursue a bankable feasibility study for McPhillamys in return for an interest of 75%.