PERTH, Western Australia, Nov. 24, 2025 (GLOBE NEWSWIRE) -- Alkane Resources Limited (ASX: ALK; TSX: ALK; OTCQX: ALKEF) (‘Alkane’ or ‘the Company’) is pleased to announce the appointment of Ms Denise McComish to the Alkane Board as an independent Non-Executive Director with effect from 1 December 2025. Ms McComish will also serve as Chair of Alkane’s Audit & Risk Committee. Ms McComish has extensive financial, strategy, corporate, ESG and board experience across multiple sectors. She was a partner with KPMG ...

Core Viewpoint - Alkane Resources Limited is set to release its Q1 FY2026 Operating Financial Results on November 13, 2025, followed by a conference call and webcast to discuss these results [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 has 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, Australia - Costerfield gold and antimony underground mining operation in Central Victoria, Australia - Björkdal underground gold mine in Sweden, approximately 750 km north of Stockholm [3]. Exploration and 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 [4]. - Ongoing exploration in the Northern Molong Porphyry Project aims to enhance the region's reputation as a significant gold, copper, and antimony production area [4].

Core Viewpoint - Nova Minerals Limited has initiated the procurement of essential mining and processing equipment for its Estelle starter antimony mining operations and downstream refinery at Port Mackenzie, Alaska, with the first production of military-grade antimony trisulfide expected in 2026/27 [1][6]. Equipment Procurement - All equipment is scheduled for delivery in the coming months, with transportation to the site planned via snow road in January 2026 [3]. - Key equipment purchases include two ore sorters, which demonstrated a 60.3% recovery rate of antimony from a 500 kg sample, significantly improving the feed grade from 15.2% to 35.2% Sb [3][4]. - One ore sorter will be installed at the Whiskey Bravo camp for processing stibnite ore stockpiles, while the second will be at the Port Mackenzie refinery site [4]. Strategic Objectives - The equipment purchases are aimed at advancing Nova's strategy to establish a fully integrated U.S. domestic antimony supply chain centered at Port Mackenzie, Alaska [5]. - The company is focused on securing a robust domestic supply chain for military-grade antimony, supported by a non-dilutive US$43.4 million award from the U.S. Department of War [6][7]. Financial Position - Nova has a strong balance sheet with approximately A$83.0 million in funding, including A$17.5 million in cash and the US$43.4 million award [9]. - These resources are expected to support the company's ambitious antimony and gold development programs without delay [9]. Exploration and Resource Development - The exploration team is advancing the broader Estelle Gold Project, with 2025 drilling and sampling programs completed and assays pending [9]. - An updated Mineral Resource Estimate is expected to further define Nova's growing gold and antimony portfolio in Alaska [9]. Market Position - Nova is positioned as a leader in the U.S. antimony production sector, bolstered by strong government support and increasing demand from partners for additional feedstock [7][8]. - The company aims to foster America's antimony independence while capitalizing on its first mover advantage in the market [8].

Core Insights - Nova Minerals Limited is hosting a live webinar to update shareholders and the market on its Estelle Gold and Critical Minerals Project in Alaska, highlighting its significant growth potential and recent funding [1][2]. Company Overview - Nova Minerals Limited focuses on the exploration and development of gold, antimony, and critical minerals, particularly advancing the Estelle Project, which spans 514 km of mining claims in Alaska [5]. - The Estelle Project contains multiple mining complexes along a 35 km mineralized corridor, featuring over 20 advanced gold and antimony prospects, including two defined multi-million-ounce resources [5]. Recent Developments - The company recently received a US$43.4 million award from the Department of War, which will support its strategy to develop antimony assets and establish a domestic supply chain in the U.S. [2]. - The Estelle Project is located in the Tintina Gold Belt, known for its substantial gold endowment exceeding 220 million ounces and significant antimony deposits [5]. Webinar Details - The webinar will feature CEO Christopher Gerteisen, who will discuss the latest developments and strategies for the Estelle Project [2]. - Attendees will have the opportunity to ask questions during the event, and an archived version will be available online for those unable to attend live [3].

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 Insights - NevGold Corp. has discovered high-grade oxide antimony in the new "Bullet Zone" at its Limousine Butte Project in Nevada, significantly expanding the mineralization footprint at the Resurrection Ridge target area [1][3][4] Group 1: Discovery and Exploration - The Bullet Zone was identified through a 150-meter step-out drillhole, marking a significant advancement in the company's geological model [1][3] - The highest-grade antimony interval drilled to date at the project was recorded, with grades reaching up to 8.9% Sb [4] - The drilling results include 14.90 g/t AuEq over 4.6 meters in the Upper Zone and 0.82 g/t AuEq over 32.0 meters in the Lower Zone [4][13] Group 2: Future Plans and Activities - NevGold plans to continue its exploration program at Limousine Butte, focusing on expanding areas with significant mineralization potential [3][5] - The company aims to complete an initial gold-antimony Mineral Resource Estimate (MRE) for both Resurrection Ridge and Cadillac Valley [4][5] - Ongoing activities include Phase II metallurgical testwork and evaluating historical geological data [4][5][18] Group 3: Strategic Importance of Antimony - Antimony is classified as a "Critical Mineral" by the U.S. government, essential for national security and various technological applications [26][23] - The U.S. Executive Order aims to strengthen domestic mineral production, highlighting the importance of projects like Limousine Butte in reducing reliance on foreign sources [23][24] - The global supply of antimony is heavily dependent on China, which has restricted exports, further emphasizing the need for domestic production [28][26]

Core Viewpoint - Nova Minerals Limited announces a 5 for 1 forward split of its American Depositary Receipt (ADR) program to enhance liquidity and align its share price with industry peers amid strong interest in its gold and antimony assets [5]. Group 1: ADR Program Changes - The ADR ratio has changed from 60 ordinary shares per 1 ADS to 12 ordinary shares per 1 ADS, effective October 28, 2025 [2][3]. - ADR holders will receive four additional ADSs for every one ADS held as of the record date, October 27, 2025 [4]. - The first day of trading under the new ratio is expected to be October 29, 2025 [3]. Group 2: Warrant Adjustments - The exercise price of the public warrants will decrease from $7.266 per ADS to $1.4532 per ADS following the forward stock split [6]. - The proportion of ADSs issued upon exercise of each warrant will adjust from one warrant for one ADS to one warrant for five ADSs, maintaining the aggregate exercise price unchanged [6]. Group 3: Company Overview - Nova Minerals Limited is focused on the exploration and development of gold, antimony, and critical minerals, particularly advancing the Estelle Project in Alaska [7]. - The Estelle Project covers 514 km² and contains multiple mining complexes with over 20 advanced gold and antimony prospects, including two defined multi-million ounce resources [7][8]. - The project is located in the Tintina Gold Belt, known for its significant gold endowment and historical antimony production [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].

Group 1 - Nova Minerals Limited (NASDAQ: NVA) is a junior mining company focused on developing the Estelle Gold & Antimony Project in Alaska, which is one of the largest underdeveloped gold deposits in the region [1] - The company is transitioning from the exploration phase to the development stage with a clear objective to become a significant player in the gold market [1] Group 2 - The investment strategy of the company is centered around uncovering high-upside opportunities in overlooked sectors, particularly in small-cap stocks, energy, commodities, and special situations [1] - The approach includes using fundamental momentum indicators such as EPS, ROE, and revenue, along with price-volume confirmation and macroeconomic filters [1] - Econometric tools like GARCH and Granger causality are employed to analyze risk, volatility, and the influence of macro data on market cycles [1]

Group 1 - The Trump administration appears to be shifting its focus away from USA Rare Earth, with shares of the company declining by 1.3% after an earlier drop of 12.8% [1][5][8] - Nova Minerals has been asked to provide a report on its Estelle Gold and Critical Metals Project in Alaska, indicating that the administration is also interested in other mining opportunities [3][4] - The U.S. is heavily reliant on China for antimony, which is critical for defense applications, highlighting the importance of diversifying mineral sources [4][5] Group 2 - Despite speculation that the Trump administration may not partner with USA Rare Earth, the company is expected to thrive as it develops its rare earth magnet production facility [6][8] - An equity investment from the U.S. government could be seen as a positive sign for mining companies, but it is not the only factor that determines stock viability [6][8]