OTC Markets Group Welcomes Alkane Resources Limited to OTCQX

Company Overview - Alkane Resources Limited is a diversified Australia-based gold and antimony producer with a portfolio of three operating mines across Australia and Sweden [4] - The company operates the Tomingley open pit and underground gold mine in New South Wales, the Costerfield gold and antimony underground mining operation in Victoria, and the Björkdal underground gold mine in Sweden [4] - Alkane has a strong balance sheet and is positioned for further growth, with ongoing near-mine regional exploration to increase resources at all three operations [4] Market Transition - Alkane Resources Limited has successfully upgraded to the OTCQX Best Market from the Pink market, enhancing its visibility and accessibility for U.S. investors [1][2] - The upgrade to OTCQX is significant for companies seeking transparent trading for U.S. investors, as it allows them to utilize home market reporting to provide information in the U.S. [3] - Companies must meet high financial standards and follow best practice corporate governance to qualify for OTCQX [3] Strategic Developments - The merger with Mandalay Resources is highlighted as a pivotal milestone in Alkane's growth strategy [4] - The company is focused on building a diversified, high-quality gold and antimony production profile [4] - Alkane is also advancing the Boda-Kaiser Project, a large gold-copper porphyry project in New South Wales, and has outlined an economic development pathway in a Scoping Study [4]