Record quarterly production & operational cash build

Operations - Alkane Resources produced a record 42,767 ounces of gold and 267 tonnes of antimony in Q2 FY26, resulting in a total of 43,663 gold equivalent ounces, significantly higher than Q1 FY26's 30,511 AuEq ounces [3][6] - The average all-in sustaining cost (AISC) for the quarter was $2,739 per AuEq ounce, down from $2,988 in Q1 FY26, attributed to improved production and higher grades at Tomingley and Costerfield [3][10] - The company processed a total of 683,235 tonnes of ore at an average gold grade of 2.20 g/t, with Tomingley achieving a higher average grade of 2.50 g/t [4][5] Financial Performance - Alkane reported revenue of $256 million for the quarter from gold equivalent sales of 44,084 ounces, an increase from $147 million in Q1 FY26, driven by higher production and gold prices [8][18] - The average realized gold price for the quarter was $5,785 per ounce, compared to $4,896 in Q1 FY26, while the average antimony price was $41,510 per tonne [8][18] - The company ended the quarter with a cash, bullion, and listed investments balance of $246 million, reflecting a $58 million increase from the previous quarter [1][18] Exploration and Development - Significant exploration activities included extension drilling at Storheden, which doubled the depth extent to 464 meters, with notable gold intercepts of 142.0 g/t over 0.60 meters [6][44] - At Tomingley, a new gold-rich domain was discovered, with drilling results including 4.36 g/t gold over 26 meters [6][36] - Exploration expenditure for the quarter was approximately $8 million, with a focus on Costerfield and Björkdal [12] Capital Expenditures - Total capital expenditures during Q2 FY26 amounted to $38 million, with $20 million allocated for sustaining capital and $9 million for growth capital, primarily for the Newell Highway realignment project [11][19] - The company continues to invest in operational improvements and exploration to enhance production capabilities across its mining operations [23][30]