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].

Core Insights - Alkane Resources Ltd produced 36,407 ounces of gold equivalent during the quarter from July 1 to September 30, 2025, with a notable contribution from its three operating mines [3][4][12] - The company reported a cash, bullion, and listed investment balance of A$191 million after repaying A$45 million in debt and incurring one-off transaction costs of A$25 million from the merger with Mandalay Resources [3][4] - The production guidance for FY2026 remains unchanged at 160,000 to 175,000 ounces of gold equivalent, with an all-in sustaining cost (AISC) projected between A$2,600 and A$2,900 per ounce [2][3] Production Details - The quarterly production breakdown includes: - Tomingley: 18,335 Au oz - Costerfield: 8,612 Au oz (5,643 Au oz statutory) - Björkdal: 8,580 Au oz (5,987 Au oz statutory) - Total consolidated production: 35,527 Au oz [1][4] - The total production of antimony was 198 tonnes, contributing to the overall gold equivalent production [1][4] Financial Overview - The company’s total cash at the end of the quarter was A$160 million, with bullion valued at A$14 million and listed investments at A$17 million [3][4] - The repayment of A$45 million in debt and the one-off transaction costs of A$25 million have strengthened the company's balance sheet [3][4] Operational Context - The production slowdown at Björkdal was attributed to the extended summer vacation period in Sweden [3] - Alkane operates three mines: Tomingley in New South Wales, Costerfield in Victoria, and Björkdal in Sweden, with ongoing exploration efforts to enhance resource growth [6][7]

Core Viewpoint - Canagold Resources Ltd. announced positive results from antimony flotation testing at its New Polaris gold-antimony project, indicating the potential for significant additional value beyond the already favorable economics demonstrated in the feasibility study [1][2]. Group 1: Project Overview - The New Polaris project is located in northwest British Columbia and is 100% owned by Canagold [1]. - The feasibility study completed in July 2025 showed exceptional economics with low capital expenditures (Capex) and all-in sustaining costs (AISC) [2]. Group 2: Flotation Testing Results - The antimony flotation testing yielded a concentrate grading 59.1% Sb and 98.3 gpt Au, with a recovery rate of 93.1% for Sb and 91.8% for Au in combined concentrates [2][5]. - The testing utilized a 110-kilogram composite sample from 47 diamond drill core samples across 17 drill holes in the high-grade antimony zone [3]. Group 3: Economic Implications - Although the feasibility study did not account for any revenue from antimony, the new results suggest that including antimony could enhance the project's overall economics [2][8]. - The economic importance of antimony has increased due to global supply constraints and rising prices, prompting further metallurgical test work and economic assessments [8][9]. Group 4: Future Considerations - Should future studies confirm the viability of including antimony revenue, it could significantly improve project economics, as mining costs are largely supported by gold production [9]. - The company plans to continue evaluating the potential for antimony revenue in its financial model [8].

Core Viewpoint - The article announces an upgrade of the rating for Perpetua Resources Corp. (NASDAQ: PPTA) from "Hold" to a more favorable position, indicating a positive outlook for the stock [1]. Company Summary - Perpetua Resources Corp. is listed on NASDAQ under the symbol "PPTA" [1]. - The company is covered by an analyst with a Master's degree in Business Economics, who possesses a strong managerial and economic background [1]. - The analyst emphasizes a versatile investment strategy suitable for various investor profiles, including those focused on dividends, value propositions, or growth opportunities [1].

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].

Core Viewpoint - Alkane Resources Limited has successfully repaid A$45 million of debt, enhancing its financial flexibility and positioning for growth opportunities [1][2]. Group 1: Financial Position - The A$45 million debt repayment was made using the company's cash reserves, leaving Alkane substantially debt-free aside from standard equipment financing [1]. - The repayment reflects the strength of Alkane's balance sheet and provides increased flexibility for pursuing strategic growth opportunities [2]. Group 2: Company Overview - Alkane Resources is an Australia-based gold and antimony producer with three operating mines located in Australia and Sweden [2][3]. - The company's producing assets include the Tomingley gold mine in New South Wales, the Costerfield gold and antimony operation in Victoria, and the Björkdal gold mine in Sweden [3]. Group 3: Growth Potential - Alkane owns the Boda-Kaiser Project, a significant gold-copper porphyry project in New South Wales, and has outlined an economic development pathway in a Scoping Study [4]. - Ongoing exploration in the Northern Molong Porphyry Project aims to enhance the region's reputation for gold, copper, and antimony production [4].

Core Viewpoint - Nova Minerals Limited has announced successful results from the Styx antimony ore sorting test work program, indicating the potential for producing a high-grade, saleable antimony ore concentrate on-site for further processing [1][3]. Summary by Relevant Sections Test Work Results - The bulk ore sorting test utilized 500kg of Styx prospect ore, demonstrating that the Estelle antimony ore is suitable for upgrading through sensor-based ore sorting with an XRT algorithm [5][6]. - The test results showed a 132% upgrade, producing a concentrate with 49.1% antimony trisulfide from a single pass, recovering 60.3% of the contained antimony in just 26.1% of the mass [3][9]. - Gold was also recovered, with a 57.4% increase in grade from 1.90 g/t Au to 2.99 g/t Au, indicating potential synergies between antimony and gold processing circuits [7][9]. Strategic Importance - In the context of geopolitical pressures on Western defense supply chains, the Estelle Project is positioned as a strategic asset, with high-grade antimony and gold prospects confirmed [4][18]. - Nova is actively engaging with the U.S. government through the Defense Industrial Base Consortium and Department of Defense grant applications to address the critical antimony supply gap [4][19]. Future Plans - The company plans to implement ore sorting technology on-site, which will allow for the production of a premium-grade antimony concentrate suitable for direct shipping ore (DSO), potentially generating early cash flow [13][14]. - Ongoing beneficiation and purification test work aims to refine the downstream processing flowsheet, with additional ore sorting tests on the Stibium sample nearing completion [7][19]. Project Overview - The Estelle Project encompasses 514 km of mining claims in Alaska, featuring multiple advanced gold and antimony prospects, including two defined multi-million ounce resources [21]. - The project is located in the Tintina Gold Belt, known for its significant gold and antimony deposits, and historical production [21].

Summary of Southern Cross Gold Consolidated Conference Call Company Overview - **Company**: Southern Cross Gold Consolidated (MWSN.D) - **Focus**: High-grade gold and antimony exploration in Victoria, Australia - **Leadership**: Michael Hudson, President and CEO, has extensive experience in mining and has raised over $500 million for mining companies [1][2] Industry Insights - **Geological Renaissance**: Victoria is experiencing a resurgence in mining due to new geological insights and government support, contrasting with historical perceptions of the region [4][6] - **Comparison with Western Australia**: Historically, Western Australia has dominated gold production, but Victoria is reclaiming its status with significant discoveries [5][13] Project Highlights - **Sunday Creek Project**: - High-grade gold and antimony deposit with a recoverable value where antimony constitutes about 20% [6][28] - Ongoing drilling program with plans to increase from 9 to 22 rigs over the next year [5][6] - Exploration target upgraded to 2.2 to 3.2 million ounces at grades between 8.3 and 10.6 grams gold equivalent [17][18] Financial Metrics - **Funding**: The company is well-funded with $165 million allocated for a 200-kilometer drill program [7][21] - **Shareholder Composition**: 30% of shares held by ultra-high net worth individuals and 25% by institutions, indicating strong investor confidence [8][10] Strategic Plans - **Pathway to Production**: The company is focused on de-risking the project through permitting and drilling, with a decline planned to expedite drilling [22][30] - **Regional Exploration**: $20 million allocated for regional exploration to enhance resource value [23] Market Position - **Unique Asset**: The combination of high-grade gold and significant antimony content positions the project as a rare asset in a tier-one jurisdiction [29][30] - **Government Support**: Victoria has permitted four mines in the last six months, showcasing a favorable regulatory environment for mining [19][20] Technical Aspects - **Metallurgy**: The project features a simple flow sheet with over 80% free gold, producing a marketable antimony-gold concentrate [27][28] - **Drilling Success**: Recent drilling has shown increasing grades and widths, with a median width of over 2 meters for mineralized structures [25][24] Conclusion - **Investment Opportunity**: Southern Cross Gold Consolidated presents a compelling investment case with a strong management team, supportive shareholders, and a clear pathway to production in a revitalized mining jurisdiction [30]