September 2025 Quarterly Production Update

Executive Summary

• Alkane Resources reported Q3 2025 production of 36,407 gold‑equivalent ounces (35,527 oz Au + 198 t Sb) across its three operating mines.
• Cash, bullion and listed investments totaled A$191 million after repaying A$45 million of debt and incurring one‑off merger costs of A$25 million.
• FY2026 guidance remains unchanged: 160,000–175,000 AuEq oz at an all‑in sustaining cost (AISC) of A$2,600–2,900 per AuEq oz.

Key Details

• Mine Production (1 Jul – 30 Sep 2025)
• Tomingley: 18,335 oz Au (statutory same).
• Costerfield: 8,612 oz Au + 198 t Sb → 9,492 AuEq oz (statutory 5,643 oz Au + 124 t Sb → 6,189 AuEq oz).
• Björkdal: 8,580 oz Au (statutory 5,987 oz Au).
• Consolidated Production – 35,527 oz Au and 198 t Sb = 36,407 AuEq oz; statutory figures 29,965 oz Au + 124 t Sb = 30,511 AuEq oz.
• Financial Position – Cash $160 m, bullion $14 m, listed investments $17 m → A$191 million total at quarter‑end.
• Debt & Transaction Costs – Repaid A$45 million debt facility; incurred one‑off merger transaction costs of A$25 million (Mandalay Resources merger completed early August).
• Hedging Activity – Completed hedge for 7,250 oz of gold during the quarter.
• Guidance Confirmation – FY2026 Group production guidance unchanged at 160–175 k AuEq oz; AISC target unchanged at A$2,600‑2,900 per AuEq oz.
• Management Comment – Managing Director & CEO Nic Earner highlighted the “significant quarter” with merger completion, strong balance sheet, and solid production performance.

Notable Quotes

“It has been a significant quarter with the merger with Mandalay completing in early August. Alkane now has three operating mines who together produced 35,527 ounces of gold and 198 tonnes of antimony (36,407 ounces of gold equivalent) over the full quarter… we have a very solid balance sheet with A$191 million in cash, bullion and listed investments at quarter end.” – Nic Earner, Managing Director & CEO.