December 2025 Quarterly Production Update

Core Viewpoint - Alkane Resources Ltd reported a solid quarterly production of 43,663 ounces of gold equivalent (AuEq) for the period from October 1, 2025, to December 31, 2025, with a significant increase in cash and bullion holdings to A$246 million [3][4]. Production Summary - Total gold production for the quarter was 42,767 ounces, with contributions from three operating mines: Tomingley (22,089 Au oz), Costerfield (10,790 Au oz), and Björkdal (9,888 Au oz) [3][4]. - The company also produced 267 tonnes of antimony during the quarter, contributing to the total AuEq production of 43,663 ounces [3][4]. - Year-to-date production figures show a total of 78,294 Au oz and 465 tonnes of antimony [3][4]. Financial Summary - The company reported a closing cash balance of A$218 million, with an additional A$14 million in bullion and A$14 million in listed investments, totaling A$246 million at the end of the quarter [2][3]. - There was an increase of A$55 million from the previous quarter, after accounting for an FY25 income tax payment of A$11 million [6]. - Alkane received an A$18 million provisional payment in early January from a concentrate shipment, which was delayed due to the Christmas holidays [6]. Guidance and Future Outlook - The FY2026 production guidance remains unchanged at 160,000 to 175,000 AuEq ounces, with an all-in sustaining cost (AISC) projected between A$2,600 and A$2,900 per AuEq ounce [6][14]. - The company is debt-free, except for equipment finance of A$22 million as of December 31, 2025 [6]. Asset Overview - Alkane operates three mines: Tomingley in New South Wales, Costerfield in Victoria, and Björkdal in Sweden, with ongoing exploration efforts to expand resources at these sites [7]. - The company also owns the Boda-Kaiser Project, a significant gold-copper porphyry project, and is confident in enhancing the region's reputation for gold, copper, and antimony production [8].