Alkane obtains $110-million (Aust.) credit facility

Executive Summary

• Alkane Resources Ltd. has executed a syndicated $110 million AUD revolving credit facility (RCF) and a $40 million AUD contingent instrument facility (CIF) to enhance corporate liquidity and broaden banking relationships.
• The new facilities replace a previously repaid $45 million project finance facility and provide operational flexibility, including the return of cash currently tied up in performance guarantees.
• Management confirmed a strong liquidity position with $232 million AUD in cash and bullion as of December 2025, with a March 2026 production update expected imminently.

Key Details

• RCF Amount & Purpose: $110 million AUD, available for general corporate purposes.
• CIF Amount & Purpose: $40 million AUD, specifically structured to return cash currently used to back performance guarantees across the group's operations.
• Syndicate Banks: Australia and New Zealand Banking Group Ltd., Commonwealth Bank of Australia, Macquarie Bank Ltd., and Westpac Banking Corp.
• Previous Facility: Early repayment of a $45 million project finance facility completed in August 2025.
• Hedging Terms: No mandatory gold hedging is required as a condition of the facility.
• Covenants: Standard for this facility type, subject to satisfaction of certain conditions precedent.
• Advisers: Bedrock Credit and Gilbert + Tobin acted as advisers to Alkane.
• Liquidity Position: $232 million AUD in cash and bullion as of December 2025, with noted growth during the March quarter.
• Upcoming Reporting: March 2026 quarter production update expected in the coming weeks, followed by the March 2026 quarterly activities report in April 2026.

Notable Quotes

• Nic Earner, Managing Director and CEO: "With $232-million of cash and bullion at December, 2025, which has grown during the March quarter, Alkane remains well funded to develop organic growth projects across our three operations. The new facilities allow us to broaden our relationships with Tier 1 banks and provide additional liquidity to move quickly on emerging opportunities. Additionally, the contingent instrument facility will provide up to $40-million of cash returned to the business that is currently used for backing performance guarantees across the group's operations."