EDITOR: | March 19th, 2013

Alkane Resources Annual Financial Report 2012

| March 19, 2013 | No Comments
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Alkane-Resources-LtdMarch 19, 2013 (Source: Alkane Resources) — The directors present their report on the consolidated entity consisting of Alkane Resources Ltd (ACN 000 689 216) and the entitiesit controlled at the end of, or during, the year ended 31 December 2012.

 

Principal Activites

The principal activities of the Group during the course of the financial year were the mining of and exploration for gold, and other minerals and metals. There has been no significant change in the nature of these activities during the financial year.

Results

The net amount of consolidated profit of the Group for the financial year after income tax was $66,534,486 (2011: loss $2,786,970).

Dividends

No dividends have been paid by the Group during the financial year ended 31 December 2012, nor have the directors recommended that any dividends be paid.

Review of Operations

The Company continues to be actively involved in mineral exploration and development, focussing on its core projects at Tomingley and Dubbo in New South Wales.

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