Alkane Executes $110 Million Revolving Credit Facility

Executive Summary

• Alkane Resources executed a A$110 million revolving credit facility (RCF) and a A$40 million contingent instrument facility (CIF) with a syndicate of tier‑1 Australian banks.
• The facilities provide additional liquidity, broaden banking relationships, and allow cash tied up in performance guarantees to be returned to the business.
• With A$232 million of cash and bullion on hand (as of Dec 2025) and no mandatory gold hedging required, the new financing is viewed as materially positive for Alkane’s growth projects and operational flexibility.

Key Details

• Facility amounts: A$110 million RCF; A$40 million CIF.
• Lenders: Australia and New Zealand Banking Group (ANZ), Commonwealth Bank of Australia (CBA), Macquarie Bank Ltd, Westpac Banking Corporation.
• Tenor: 3 years, with two optional one‑year extensions upon six‑month notice and lender approval.
• Security: Senior security over all Australian assets of the borrower and guarantors, subject to certain excluded assets.
• Use of proceeds: RCF – general corporate purposes; CIF – cash used to back performance guarantees may be returned to the business.
• Covenants: Standard interest‑cover ratio, net leverage ratio, minimum liquidity test, guarantor coverage test, and other typical financial covenants.
• Conditions precedent: Facility subject to satisfaction of customary conditions precedent.
• Advisors: Bedrock Credit (financial advisor) and Gilbert + Tobin (legal counsel).
• Liquidity position: $232 million cash and bullion at Dec 2025, increased during Q1 2026.
• Operational context: Alkane expects to release a March 2026 quarter production update in the coming weeks, ahead of its quarterly activities report due April 2026.

Notable Quotes

“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.” – Nic Earner, Managing Director & CEO

Materiality Assessment: Material – Positive** (the financing materially enhances Alkane’s liquidity and strategic flexibility).