Core Viewpoint - Alkane Resources Limited has appointed Ms. Denise McComish as an independent Non-Executive Director, effective December 1, 2025, who will also chair the Audit & Risk Committee [1][5]. Company Overview - Alkane Resources is an Australia-based gold and antimony producer with a portfolio of three operating mines located in Australia and Sweden [6]. - The company has a strong balance sheet and is positioned for further growth [6]. Key Appointee Background - Ms. McComish has extensive experience in finance, strategy, corporate governance, ESG, and board roles across various sectors, having been a partner at KPMG for 30 years [2]. - She currently serves as a Non-Executive Director for multiple organizations, including Web Travel Group Limited and WA Electricity Generation and Retail Corporation (Synergy) [3]. - Ms. McComish is a Fellow of Chartered Accountants Australia and New Zealand and a member of Chief Executive Women [4]. Strategic Importance - Alkane Chair Andy Quinn expressed confidence that Ms. McComish's expertise in governance, audit, risk, and ESG matters will be invaluable in aligning with the company's objective to deliver long-term value for shareholders and stakeholders [5].

Core Insights - Alkane Resources Limited reported significant financial results for Q1 2026, highlighting a successful merger with Mandalay Resources and strong production figures [4][7][25]. Financial Performance - The company generated consolidated revenue of AUD 147.2 million in Q1 2026, an increase of AUD 85 million from AUD 62.3 million in Q1 2025, driven by increased production and higher gold prices [6][8]. - Adjusted EBITDA for the quarter was AUD 36.9 million, up from AUD 22.2 million in the previous year [10]. - The company reported a consolidated net loss of AUD 2.7 million for Q1 2026, compared to a profit of AUD 11.3 million in Q1 2025 [10][8]. - Cash, bullion, and liquid investments totaled AUD 191 million at the end of the quarter, after repaying AUD 45 million in debt and incurring one-off costs of AUD 25 million related to the merger [11][7]. Production and Operations - Alkane produced a total of 30,511 gold equivalent ounces in Q1 2026, compared to 18,418 ounces in Q1 2025, reflecting the addition of production from Costerfield and Björkdal [14][12]. - The company’s three operating mines produced 29,965 ounces of gold and 124 tonnes of antimony during the quarter [4]. - Tomingley produced 18,335 ounces of gold, while Costerfield and Björkdal contributed 6,189 and 5,987 ounces of gold equivalent, respectively [12][23][21]. Cost Analysis - The consolidated cash operating cost per ounce of gold equivalent produced was AUD 2,215 in Q1 2026, up from AUD 1,819 in Q1 2025 [15][16]. - All-in sustaining costs per ounce of gold equivalent increased to AUD 2,988 in Q1 2026 from AUD 2,157 in Q1 2025 [16][15]. - Tomingley's cash operating costs were AUD 2,120 per ounce, reflecting a 17% increase due to higher processing costs [15][18]. Strategic Developments - The merger with Mandalay Resources was completed in early August 2025, enhancing Alkane's operational capacity and market position [4][7]. - The company was admitted to the ASX 300 during the quarter, indicating a strengthened market presence [7]. Operational Highlights - Costerfield maintained strong mining productivity and implemented improvement programs to enhance ore quality and recovery [19][20]. - Björkdal achieved solid ore production despite facing external interruptions, with ongoing efforts to optimize processing performance [22].

Core Insights - Alkane Resources Limited has reported significant drilling results from its Tomingley Gold Operations, indicating potential resource expansion and high-grade gold intercepts [6][7][12] Drilling Results - The McLeans Inferred Resource has shown promising results with notable intercepts such as: - MCLUG013D: 26 metres grading 4.36 g/t Au from 112 metres, including 3.3 metres grading 22.8 g/t Au [13] - MCLUG012D: 10.7 metres grading 2.09 g/t Au from 105 metres [13] - MCLUG011D: 8 metres grading 2.33 g/t Au from 113 metres, including 0.8 metres grading 14.4 g/t Au [13] - Additional significant intercepts from the Eastern Andesite include: - MCLUG010D: 0.5 metres grading 38.9 g/t Au from 332.5 metres [14] - MCLUG007D: 8 metres grading 2.67 g/t Au from 293.2 metres, including 3.1 metres grading 4.52 g/t Au [14] Resource Estimation - The Inferred Resource at McLeans is estimated at 0.87 million tonnes grading 2.51 g/t gold for 70,000 ounces [12] - The drilling program has improved the confidence in the resource estimation by reducing the drilling pattern from 80m x 80m to 40m x 60m [14] Roswell Drilling Program - An intensive underground diamond core drilling program at the Western Monzodiorite domain at Roswell has confirmed multiple high-grade gold intercepts, including: - ROSGT001D: 9.3 metres grading 3.88 g/t Au from 157.9 metres, including 1.1 metres grading 10.5 g/t Au [18] - ROSUG440D: 6.5 metres grading 8.03 g/t Au from 166.5 metres, including 0.9 metres grading 37.3 g/t Au [19] Future Exploration Plans - Further drilling is planned to test both the Eastern and Western Andesite hosts at McLeans and to include the discovered Western Andesite into the resource estimation [15] - Surface exploration drilling is set to commence in November 2025 to explore additional underground potential [20]

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]

Core Viewpoint - Alkane Resources Limited has updated its mineral resource and ore reserve estimates for its assets in Australia and Sweden, preparing estimates that comply with the JORC Code [1][2]. Mineral Resources Summary - The total mineral resources as of June 30, 2025, amount to 850,009 kt, with a gold content of 12,143 koz, copper content of 1.46 Mt, and antimony content of 39.4 kt [3][9]. - Specific locations include: - Tomingley: 20,254 kt at 2.25 g/t gold, totaling 1,465 koz gold [3][9]. - Boda Kaiser: 796,000 kt at 0.33 g/t gold and 0.18% copper, totaling 8,280 koz gold [3][9]. - Costerfield: 1,700 kt at 7.9 g/t gold and 2.3% antimony, totaling 431 koz gold and 39.4 kt antimony [3][9]. - Björkdal: 32,055 kt at 1.91 g/t gold, totaling 1,967 koz gold [3][9]. Ore Reserves Summary - The total ore reserves amount to 23,947 kt, with a gold content of 1,313 koz and antimony content of 10.7 kt [4][9]. - Specific locations include: - Tomingley: 10,362 kt at 1.9 g/t gold, totaling 620 koz gold [4][9]. - Costerfield: 537 kt at 8.7 g/t gold and 2.0% antimony, totaling 150 koz gold and 10.7 kt antimony [4][9]. - Björkdal: 13,048 kt at 1.3 g/t gold, totaling 543 koz gold [4][9]. Management Commentary - The CEO of Alkane, Nic Earner, emphasized the strength of the company's consolidated resources and reserves, highlighting the operational status of three mines and the significant Boda-Kaiser project, which offers immediate production and long-term growth opportunities [4][5]. - The company plans to make substantial investments in the remainder of the fiscal year to continue expanding its resource base, particularly in Costerfield [4][5]. Company Overview - Alkane Resources Limited is an Australian gold and antimony producer with three operational mines in Australia and Sweden, maintaining a strong balance sheet and good prospects for continued growth [5][6]. - The company also owns the large gold-copper porphyry project, Boda-Kaiser, and is actively exploring the surrounding Northern Molong Porphyry project [8].

Core Viewpoint - Alkane Resources Limited has updated its Mineral Resources and Ore Reserves estimates for its operations in Australia and Sweden, complying with the JORC Code, highlighting the strength and growth potential of the company [1][4]. Group Mineral Resources - Total Mineral Resources as of June 30, 2025, amount to 850,009 kt with a gold grade of 0.45 g/t, containing 12,143 koz of gold and 1.46 Mt of copper [2][8]. - Key locations include: - Tomingley: 20,254 kt at 2.25 g/t gold, containing 1,465 koz of gold [2][8]. - Boda Kaiser: 796,000 kt at 0.33 g/t gold and 0.18% copper, containing 8,280 koz of gold and 1.46 Mt of copper [2][8]. - Costerfield: 1,700 kt at 7.9 g/t gold and 2.3% antimony, containing 431 koz of gold and 39.4 kt of antimony [2][8]. - Björkdal: 32,055 kt at 1.91 g/t gold, containing 1,967 koz of gold [2][8]. Group Ore Reserves - Total Ore Reserves as of June 30, 2025, amount to 23,947 kt with an average gold grade of 1.7 g/t, containing 1,313 koz of gold and 10.7 kt of antimony [3][8]. - Key locations include: - Tomingley: 10,362 kt at 1.9 g/t gold, containing 620 koz of gold [3][8]. - Costerfield: 537 kt at 8.7 g/t gold and 2.0% antimony, containing 150 koz of gold and 10.7 kt of antimony [3][8]. - Björkdal: 13,048 kt at 1.3 g/t gold, containing 543 koz of gold [3][8]. Company Overview - Alkane operates three mines: Tomingley in New South Wales, Costerfield in Victoria, and Björkdal in Sweden, with ongoing exploration to enhance resource bases [4][5][6]. - The company is also developing the Boda-Kaiser Project, a significant gold-copper porphyry project, indicating a strong growth trajectory [7][4].

Core Viewpoint - Alkane Resources Limited announces the resignation of Non-Executive Director Dominic Duffy, who is leaving to pursue other opportunities, with the Board expressing gratitude for his contributions [1]. Company Overview - Alkane Resources is an Australia-based gold and antimony producer with a portfolio of three operating mines located in Australia and Sweden [2]. - The company maintains a strong balance sheet and is positioned for further growth [2]. Operating Assets - Alkane's producing assets include: - Tomingley open pit and underground gold mine in Central West New South Wales - Costerfield gold and antimony underground mining operation in Central Victoria - Björkdal underground gold mine in Sweden, approximately 750 km north of Stockholm - Ongoing near-mine regional exploration is expanding resources at all three operations [3]. Development Projects - The company owns the Boda-Kaiser Project, a large gold-copper porphyry project in Central West New South Wales, and has outlined an economic development pathway in a Scoping Study. - Alkane is also conducting ongoing exploration within the Northern Molong Porphyry Project, aiming to enhance eastern Australia's reputation as a significant production region for gold, copper, and antimony [4].

Core Viewpoint - Alkane Resources Limited announces the resignation of Non-Executive Director Dominic Duffy, who is leaving to pursue other opportunities, with the Board expressing gratitude for his contributions [1]. Company Overview - Alkane Resources is an Australia-based gold and antimony producer with a portfolio of three operating mines located in Australia and Sweden [2]. - The company maintains a strong balance sheet and is positioned for further growth [2]. Operating Assets - Alkane's producing assets include: - Tomingley open pit and underground gold mine in Central West New South Wales - Costerfield gold and antimony underground mining operation in Central Victoria - Björkdal underground gold mine in Sweden, approximately 750 km north of Stockholm - Ongoing near-mine regional exploration is aimed at growing resources at all three operations [3]. Development Projects - The company owns the Boda-Kaiser Project, a large gold-copper porphyry project in Central West New South Wales, and has outlined an economic development pathway in a Scoping Study - Alkane is also conducting ongoing exploration within the Northern Molong Porphyry Project, aiming to enhance eastern Australia's reputation as a significant production region for gold, copper, and antimony [4].

Financial Performance - Alkane Resources Limited reported a significant increase in gold revenue for the year ended June 30, 2025, totaling A$262.36 million, up 52% from A$172.99 million in the previous year [1] - Gold production rose to 70,120 ounces, a 23% increase from 57,217 ounces in June 2024, driven by higher grade ore and improved recoveries [1] - The company achieved a profit after tax of A$33.04 million, an 87% increase compared to A$17.68 million in the prior year [1] Operational Highlights - The all-in sustaining cost (AISC) for gold production was A$2,561 per ounce [1] - The Tomingley profit before tax increased by 84% to A$60.93 million from A$33.12 million [1] - The merger with Mandalay Resources Corporation was approved by shareholders and became effective on August 5, 2025, positioning the company for future growth [2][3] Cash and Investments - As of June 30, 2025, the company held A$60.3 million in cash, bullion, and listed investments, with A$48.1 million in cash and A$12.2 million in bullion at fair value [2] - The market value of listed investments was A$8.0 million [2] Company Overview - Alkane Resources operates three mines in Australia and Sweden, focusing on gold and antimony production [7][8] - The company is also developing the Boda-Kaiser Project, a large gold-copper porphyry project in New South Wales, with ongoing exploration in the Northern Molong Porphyry Project [9]

Core Viewpoint - Alkane Resources Limited is preparing to release Production Guidance for FY2026 and the Annual Resources and Reserves Statement following the merger with Mandalay Resources Corporation, with expectations to provide updates in September 2025 [3][4]. Production Results - The company has announced consolidated production results for FY2025, detailing production from its Costerfield and Björkdal projects, including metal equivalents calculations [2][6]. - Costerfield produced a total of 143,219 tonnes of ore mined with an average gold grade of 9.54 g/t and an antimony grade of 0.75 tonnes for the year [10][11]. - Björkdal mined 910,663 tonnes of ore with an average gold grade of 1.36 g/t, and milled 1,400,734 tonnes of ore with a head grade of 1.09 g/t [10][11]. Revenue and Costs - Costerfield generated a revenue of US$136.842 million for FY2025, while Björkdal contributed US$128.081 million [10][11]. - The cost of sales excluding depreciation and depletion for Costerfield was US$49.478 million, and for Björkdal, it was US$67.268 million [10][11]. Mine Life Information - The company has retracted previously reported mine life information for Costerfield and Björkdal, clarifying that the estimates were based on foreign mineral reserves and not compliant with the JORC Code [7][8][9]. - Future releases will not include such mine life information to avoid misinterpretation as production targets [9]. Resource and Reserve Estimates - Alkane is converting mineral resources and reserves estimates from NI 43-101 to JORC Code compliance for Costerfield and Björkdal, aiming to include these in the 2026 Annual Resources and Reserves Statement [5]. Company Overview - Alkane Resources operates three mines in Australia and Sweden, focusing on gold and antimony production, and is positioned for further growth with a strong balance sheet [12][13].