April 18 (Reuters) - Alkane Resources Ltd -:At tomingley gold operations saw a 59% increase in gold production from previous quarter to 18,721 ounces.Full year guidance for fy2017 remains at production of 53,000 - 58,000 ounces with an aisc of a$1,600 - a$1,750 per ounce.FY17 production is expected to be in higher end and aisc at lower end of guidance range.Gold sales 16,303 ounces for revenue of a$27.6 million at an average price of a$1,694/ounce in march quarter.Forecast indicates q4 production should be similar to q3, but if over reconciliation in caloma two continues, gold production could be higher.
Alkane Resources Ltd : Zirconium marketing and sales agreement signed for DZP . Says at full capacity, the DZP zirconium revenue is estimated to be US$100 -120 million . AZL signed exclusive worldwide marketing, sales and distribution agreement with Minchem for all zirconium materials produced by DZP . Initial term of agreement is five years from commencement of dzp production,with option to extend further 5 years by mutual agreement .