Record quarterly operational cash build

Operations - Alkane Resources Limited completed a significant merger with Mandalay Resources, enhancing its operational capacity with three operating mines [4][6] - The company achieved a record quarterly production of 30,511 gold equivalent ounces at an All-In Sustaining Cost (AISC) of A$2,988 per ounce during Q1 FY26 [5][11] - Total production for the full quarter reached 36,407 gold equivalent ounces, with a full-year guidance set for 160,000 to 175,000 ounces at an AISC of A$2,600 to A$2,900 per ounce [6][10] Financial Performance - Alkane reported revenue of A$147 million from gold equivalent sales of 30,010 ounces, with an average gold price of A$4,896 per ounce and an average antimony price of A$35,646 per tonne [10][16] - The company closed the quarter with a strong balance sheet, holding A$191 million in cash, bullion, and listed investments after repaying A$45 million in debt and incurring one-off merger costs of A$25 million [4][16] - Consolidated operating cash costs were A$2,215 per gold equivalent ounce, with an AISC of A$2,988 per ounce for the quarter [11][14] Exploration and Projects - Significant exploration activities were reported, including high-grade gold intercepts at the True Blue site and El Paso within the Tomingley operation [6][31] - The company is advancing resource expansion drilling at Tomingley and Costerfield, with ongoing exploration aimed at extending reserves and resources [21][35] - The Northern Molong Porphyry Project showed promising results with significant gold-copper mineralization identified during reconnaissance drilling [38] Corporate Developments - Alkane was admitted to the ASX 300 index following the merger, reflecting its enhanced market position [4] - The company is focused on maintaining a solid operational performance while pursuing growth opportunities through exploration and development projects [52][54]