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

Mr. Nic Earner reports ALKANE EXECUTES $110 MILLION REVOLVING CREDIT FACILITY Alkane Resources Ltd. has executed a $110-million (Australian) revolving credit facility and a $40-million (Australian) contingent instrument facility. Following the early repayment of the $45-million project finance facility in August, 2025 (1), and to provide additional flexibility and liquidity and broaden banking relationships, Alkane executed a $110-million (Australian) RCF and a $40-million (Australian) CIF under a syndicated facility agreement with Australia and New Zealand Banking Group Ltd., Commonwealth Bank of Australia, Macquarie Bank Ltd., and Westpac Banking Corp. The RCF may be used for general corporate purposes. The CIF will allow cash used to back performance guarantees to be returned. Alkane is not required to enter into mandatory gold hedging as a condition of the facility. Alkane managing director and chief executive officer Nic Earner said: "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 (2). 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." Alkane's operations are performing strongly. Alkane expects to provide a March, 2026, quarter production update in the coming weeks, ahead of the March, 2026, quarterly activities report to be released later in April, 2026. The RCF contains covenants typical for a facility of this nature and is subject to the satisfaction of certain conditions precedent. Bedrock Credit and Gilbert + Tobin acted as advisers to Alkane. (1) Australian Securities Exchange announcement dated Aug. 18, 2025, project finance facility fully repaid. (2) ASX announcement dated Jan. 27, 2026, quarterly activity report. About Alkane Resources Ltd. Alkane Resources is an Australia-based gold and antimony producer with a portfolio of three operating mines across Australia and Sweden. The company has a strong balance sheet and is positioned for further growth. Alkane's wholly owned producing assets are the Tomingley open-pit and underground gold mine southwest of Dubbo in central-west New South Wales, the Costerfield gold and antimony underground mining operation northeast of Heathcote in central Victoria, and the Bjorkdal underground gold mine northwest of Skelleftea in Sweden (approximately 750 kilometres north of Stockholm). Continuing near-mine regional exploration continues to increase resources at all three operations. Alkane also owns the very large gold-copper porphyry Boda-Kaiser project in central-west New South Wales and has outlined an economic development pathway in a scoping study. The company has continuing exploration within the surrounding northern Molong porphyry project and is confident of further enhancing eastern Australia's reputation as a significant gold, copper and antimony production region. We seek Safe Harbor.