Alkane Resources has reported full-year production of 168,337 gold equivalent ounces (AuEq) for the period ending 30 June 2026, achieving the top half of its guidance range of 160,000 to 175,000 AuEq ounces. The company recorded a quarterly production of 42,491 AuEq ounces for the three months ended 30 June 2026. Alkane's cash, bullion, and listed investment balance totaled $454 million at the end of the quarter, representing a $104 million increase from the previous quarter and a $214 million increase from December 2025.

The company's three operating mines contributed to the consolidated output, with total gold production reaching 163,912 ounces and antimony production totaling 1,298 tonnes for the financial year. Alkane remains debt-free except for equipment finance of $17 million as of 30 June 2026. Pro forma liquidity stands at $549 million, including an undrawn $110 million revolving credit facility.

Production and Sales Summary

The following table details the production and sales figures for the Group for the quarter and year-to-date periods:

Operational Highlights

Alkane Managing Director & CEO, Nic Earner, stated that the company had another solid quarter of production from its three operating mines. He highlighted the continued balance sheet strengthening, noting the $454 million in cash, bullion, and listed investments at quarter end. During the quarter, the company filled hedging for 8,500 ounces of gold and made tax instalments of $16 million.

The merger with Mandalay Resources, which completed on 5 August 2025, influenced the basis for FY2026 statutory reporting. While Group YTD production reflects 100% contribution from Tomingley, Costerfield, and Björkdal, Alkane's statutory reported production for FY2026 reflects production from Costerfield and Björkdal only from the merger completion date. Attributable guidance for FY2026 was set at 155,000 to 168,000 AuEq ounces.

Alkane Resources Limited has announced significant exploration results from its Northern Molong Porphyry Project (NMPP) in New South Wales, revealing new mineralised zones and regional targets. The company reported that diamond core drilling at the Boda-Kaiser corridor intersected a magmatic root zone, with hole KAI226 returning 42.1m grading 0.16g/t Au and 0.14% Cu from 914m, including a higher-grade sub-interval of 4.8m grading 0.59g/t Au and 0.29% Cu. These results indicate the potential for further growth in the scale of the system.

Near Boda-Kaiser Exploration

The exploration program focused on testing the area between the Kaiser and Boda deposits, as well as targets northeast of Boda-Kaiser. Drilling at KAI226 intersected a mineralised monzodiorite cemented breccia, considered the likely magmatic root to overlying hydrothermal breccia mineralisation. Significant intercepts from this hole included 23.5m grading 0.17g/t Au and 0.14% Cu from 880.5m, including 3.2m grading 0.31g/t Au and 0.23% Cu. Further drilling is planned to test along strike and up-dip of this breccia.

At the northeast flank of the system, hole BOD168 intersected gold-enriched phyllic alteration, returning 9m grading 0.30g/t Au and 0.01% Cu from 264m. This alteration appears similar to that observed on the northeastern flank of the Boda deposit, and further drilling is planned to test for a deeper potassic core.

Regional Exploration and New Targets

District exploration included drilling at the Haddington and Glen Hollow prospects within the Comobella Intrusive Complex. At Haddington, hole HAD001 intersected monzonite and monzodiorite intrusives with gold-copper mineralisation, including 3m grading 1.74g/t Au and 0.07% Cu from 354m. However, drilling at Haddington and Glen Hollow highlighted that zones are either too small or of insufficient grade for current economic significance, with no immediate follow-up planned.

A Mobile Magnetotellurics (MMT) survey flown over the project area north of Boda-Kaiser defined six high-priority targets for porphyry style systems. These targets are located at Driell Creek, Murga, Gollan North, and two new prospects named One Tree and Old Station. Ground validation of these targets has commenced.

Significant Drilling Results

Planned Exploration

Alkane Managing Director & CEO Nic Earner stated that the results continue to add to the understanding of the Boda-Kaiser project, showing the scale potential of the system. Baseline environmental studies are underway for the Boda-Kaiser Project in parallel with scoping studies. Planned exploration over the next 12 months includes further drill testing of the Boda-Kaiser corridor area, targeting along strike and up-dip of KAI226. Regionally, work will recommence at Driell Creek, as well as testing the new targets generated by the MMT survey once validated.