Toronto, Ontario--(Newsfile Corp. - February 25, 2026) - Nic Earner, Managing Director and Chief Executive Officer, Alkane Resources Limited ('Alkane Resources" or the "Company") (TSX: ALK), joined Dean McPherson, Head, Business Development, Global Mining, Toronto Stock Exchange ("TSX"), to close the market and celebrate the Company's listing on TSX.Cannot view this video? Visit:https://www.youtube.com/watch?v=qKdONm04mMQAlkane Resources is an Australia-based gold and antimony producer with three operating ...

Vancouver, British Columbia--(Newsfile Corp. - February 25, 2026) - Canagold Resources Ltd. (TSX: CCM) (OTCQB: CRCUF) (FSE: CANA) (the "Company" or "Canagold") is pleased to announce plans for a comprehensive 2026 work program at its 100%-owned New Polaris project ("New Polaris" or "project"), focused on expanding gold-antimony resources and advancing technical studies to evaluate the financial benefits of incorporating antimony production into the project development plans and economics.The fully funded p ...

Core Insights - Alkane Resources Limited announced significant exploration results from the Kendal deposit, indicating substantial high-grade mineralization potential near the Costerfield mine [1][3]. Exploration Results - The drilling results from the Kendal deposit show high-grade gold and antimony mineralization, with notable intercepts including: - 132.2 g/t gold and 19.8% antimony over 1.94m [10] - 267.5 g/t gold and 5.6% antimony over 2.3m [10] - 52.3 g/t gold and 43.1% antimony over 0.34m [18] - A total of 25 individual veins have been delineated, extending over a strike of 600m, with some veins traced for up to 500m in length and 200m in vertical extent [15]. Geological Context - The Kendal deposit is part of the Costerfield Anticline, characterized by complex structural features that have historically limited exploration effectiveness [9][11]. - The mineralization at Kendal is recognized as the up-dip continuation of the high-grade Youle and Shepherd deposits, which are currently being mined [10]. Historical Mining and Modern Operations - Historical mining at Costerfield occurred between 1861-1939, with modern operations starting in 2006 [4][5]. - The recent drilling has revealed significant veining that was previously undiscovered during historical mining activities [10]. Future Plans - The company plans to integrate the newly defined mineral resources from the Kendal system into the Costerfield resource and life-of-mine plan [26]. - Further drilling is warranted, particularly in the underexplored Costerfield Main reef, with drilling at Kendal expected to resume in 2026 [26].

Core Insights - NevGold Corp. announced a significant high-grade oxide gold-antimony discovery at the "Armory Fault" within the Bullet Zone of its Limousine Butte Project in Nevada, marking a transformational development in understanding the structural controls of mineralization [1][4] - The ongoing exploration program aims to advance both near-term antimony production from historical gold leach pads and the definition of an initial gold-antimony Mineral Resource Estimate (MRE) [1][3] Exploration and Drilling Results - The "Armory Fault" discovery has revealed high-grade oxide gold-antimony mineralization with notable drill results, including 8.51 g/t AuEq over 10.6 meters and 12.34 g/t AuEq over 3.0 meters in the LB25-017 Lower Zone [3][10] - All drillholes in the Bullet Zone have intercepted significant oxide gold-antimony mineralization, validating the new geological model and expanding the mineralization footprint [3][15] - The 2025-2026 drill program has completed 30 holes, with 12 additional holes pending results, focusing on testing the new high-grade discoveries and project-wide targets [3][6] Geological Model and Mineralization - The updated geological model indicates that the older dolomite unit was thrust over the prospective Pilot Shale unit, creating favorable conditions for mineralization [14][19] - The preserved Pilot Shale extends over one kilometer east of prior drilling, suggesting significant potential for further mineralization [15][17] - The discovery of the "Armory Fault" is expected to replicate across the project, with multiple high-priority targets emerging for future drilling [4][19] Importance of Antimony - Antimony is classified as a "Critical Mineral" by the U.S. due to its strategic importance in military applications and technology, with a significant portion of global supply coming from China, Russia, and Tajikistan [20][21] - The U.S. Department of Defense has prioritized domestic production of antimony to mitigate supply chain disruptions, highlighting the relevance of projects like Limousine Butte [21][22]

Core Viewpoint - Alkane Resources Limited is set to release its first half and second quarter financial and operating results for the period ending December 31, 2025, on February 13, 2026, before TSX trading hours [1]. Group 1: Financial Results Announcement - The financial and operating results will be discussed in a conference call and webcast hosted by the Managing Director & CEO, Nic Earner, and CFO, James Carter [2]. - The conference call is scheduled for 8:30 am EST on February 13, 2026, in Toronto, Canada, and 9:30 pm AWST on the same day in Perth, Western Australia [2]. Group 2: Company Overview - Alkane Resources is an Australia-based gold and antimony producer with three operating mines located in Australia and Sweden [3]. - The company's producing assets include the Tomingley open pit and underground gold mine in New South Wales, the Costerfield gold and antimony underground mining operation in Victoria, and the Björkdal underground gold mine in Sweden [4]. - Alkane also owns the Boda-Kaiser Project, a large gold-copper porphyry project in New South Wales, and is actively exploring the surrounding Northern Molong Porphyry Project [5].

Core Viewpoint - Alkane Resources Limited has entered into a conditional placement and earn-in agreement with Nagambie Resources Limited to explore Nagambie's gold-antimony project, aiming to target potential depth extensions through investment [1][2]. Group 1: Company Overview - Alkane Resources is an Australia-based producer of gold and antimony, operating three mines in Australia and Sweden [3][4]. - The company's assets include the Tomingley gold mine in New South Wales, the Costerfield operation in Victoria, and the Björkdal mine in Sweden, with ongoing exploration efforts to increase resources at these sites [4]. - Alkane also holds the Boda-Kaiser Project, a significant gold-copper porphyry project in New South Wales, and is actively exploring the surrounding Northern Molong Porphyry Project [5]. Group 2: Strategic Initiatives - The investment in Nagambie aligns with Alkane's strategy to grow resources and expand production capabilities [2]. - The company has identified limited deep drilling at Nagambie, which presents an opportunity for exploration and potential resource enhancement [1].

Core Insights - Southern Cross Gold Consolidated Ltd has reported significant drilling results from the Rising Sun prospect at the Sunday Creek Gold-Antimony Project, highlighting the potential for high-grade gold and antimony mineralization. Group 1: Drilling Results - The drill hole SDDSC196 intersected a 559 m mineralized corridor averaging 2.5 g/t AuEq, with six intervals greater than 20 g/t AuEq, including three assays exceeding 100 g/t Au [4][12]. - The standout intersection from SDDSC196 was 1.3 m at 670.4 g/t AuEq, marking it as the 7th highest intercept on the project [2][14]. - The highest individual antimony assay recorded to date was 0.16 m at 65.9% Sb, along with 78.5 g/t Au, reinforcing the project's strategic importance as a Western antimony supply source [4][8]. Group 2: Project Development - The company is currently operating ten rigs with 39 holes pending results, indicating a robust drilling program aimed at resource definition [21][39]. - The Sunday Creek project has now accumulated 95 composite intersections exceeding 100 g/t AuEq from a total of 239 drill holes, underscoring the high-grade potential of the deposit [4][26]. - The ongoing drill program is part of a larger 200,000 m initiative set to continue through Q1 2027, aimed at systematically converting exploration potential into defined resources [21][39]. Group 3: Strategic Importance - The project is positioned to become a significant source of antimony in the Western world, especially in light of China's recent export restrictions on antimony, which have tripled prices [8][34]. - Antimony contributes approximately 21% to 24% of the in-situ recoverable value of the Sunday Creek project, enhancing its dual-metal profile alongside gold [35][37]. - The strategic value of Sunday Creek is further emphasized by its inclusion in the US Defense Industrial Base Consortium, positioning it as a potential key supplier for critical minerals [37][39].

Core Insights - NevGold Corp. announced positive drill results and a new oxide-gold discovery at its Limousine Butte Project in Nevada, focusing on expanding mineralization potential for an initial gold-antimony Mineral Resource Estimate [1][4]. Exploration and Drilling Results - The 2025-2026 drilling program has completed 30 holes, with significant results including high-grade oxide antimony of 5.89% Sb over 3.0 meters and gold equivalent grades of up to 23.01 g/t AuEq over 3.0 meters [3][6]. - New discoveries at Resurrection Ridge include a significant oxide gold discovery with 1.03 g/t AuEq over 21.3 meters, confirming the new geological model [3][14]. - The geological model indicates that the Pilot Shale, which hosts mineralization, extends more than one kilometer east of previous drilling, creating multiple high-priority targets for further exploration [12][18]. Strategic Importance of Antimony - Antimony is classified as a "Critical Mineral" by the U.S. Geological Survey due to its strategic importance in military applications and technology [22][23]. - The U.S. is prioritizing domestic production of antimony to mitigate supply chain disruptions, especially in light of China's restrictions on antimony exports [23][24]. Company Development Plans - The company is advancing metallurgical testwork and preparing for near-term antimony production, with ongoing drilling to test gold-antimony targets [3][4]. - The CEO emphasized the potential for project development and cash flow as the company aims to create a vertically integrated U.S. antimony supply chain [4][29].

Core Viewpoint - Alkane Resources Ltd reported a solid quarterly production of 43,663 ounces of gold equivalent, with a significant increase in cash and bullion holdings to A$246 million at the end of the quarter [2][3]. Production Summary - Quarterly gold production totaled 43,663 AuEq ounces, with contributions from three mines: Tomingley (22,089 Au oz), Costerfield (11,686 AuEq oz), and Björkdal (9,888 Au oz) [1][3]. - Year-to-date production reached 80,070 AuEq ounces, with sales of 42,709 Au oz and 409 tonnes of antimony during the quarter [1][5]. Financial Performance - The company reported a cash and bullion balance of A$246 million, reflecting an increase of A$55 million from the previous quarter, after an FY25 income tax payment of A$11 million [5]. - Alkane received an A$18 million provisional payment from a concentrate shipment in early January, which was delayed due to the Christmas holidays [5]. 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 [5][13]. - The company is debt-free, except for A$22 million in equipment finance as of December 31, 2025 [5]. Asset Overview - Alkane operates three mines: Tomingley in New South Wales, Costerfield in Victoria, and Björkdal in Sweden, with ongoing exploration to enhance resources at these sites [6]. - The company also owns the Boda-Kaiser Project, a significant gold-copper porphyry project, and is exploring the Northern Molong Porphyry Project [7].

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].