Alkane Resources (ALK) Noosa Mining Conference 2026 summary

Strategic achievements and financial performance

• Completed merger with Mandalay Resources in August 2025, producing 168,000 gold equivalent ounces in FY2026 and boosting cash by $242 million.

• Increased cash reserves to AUD 432 million, maintaining a debt-free position and over half a billion in balance sheet liquidity.

• Announced a fully franked AUD 0.02 dividend and achieved a threefold increase in share trading liquidity, rising from 2.4 million to 7.5 million shares daily across ASX and TSX.

• Entered the S&P/ASX 200 in April 2026 and became the best performing ASX gold producer with a 102% return over 12 months as of July 2026.

• Market capitalization reached approximately AUD 1.9 billion, with enterprise value at AUD 1.5 billion and average daily trading volume of 5.9 million shares.

Operational updates and mine development

• Tomingley mine produced 83,000 ounces in FY2026, with similar output expected, ongoing underground and future open pit expansions, and 1.467Moz resources and 0.621Moz reserves as of June 2025.

• Costerfield mine delivered 44,500 ounce equivalent in FY2026, remains a leading high-grade gold and antimony mine, with AUD 25 million allocated for drilling and mine life extension, and 0.526Moz AuEq resources and 0.150Moz Au reserves.

• Björkdal mine in Sweden produced 40,800 ounces in FY2026, with resource expansion, new open cut at Nylunds, and 1.40Moz resources and 0.54Moz reserves.

• Continued investment in joint ventures and strategic assets, including Nagambie and de-merger of Australian Strategic Materials.

• Largest Western antimony producer, though Larvotto Resources is expected to surpass upon production.

Project pipeline and future outlook

• Boda-Kaiser project resource expanded to 14.7Moz AuEq, with 65% indicated, environmental work and stakeholder consultations underway, and a scoping study indicating a 17+ year mine life.

• Project approval process for Boda-Kaiser expected to complete in 18 months, aiming for FID by decade's end and a +200,000 ounce mine with a 20-year life.

• FY2027 production guidance set at 163–177koz AuEq with AISC of $2,900–$3,200 per AuEq, and guidance for the current year centers on 170,000 ounces with costs remaining controlled.

• Ongoing investments in growth and mine life extension, including antimony exposure and continued strong cash generation.

• Focus remains on extending mine lives, increasing production, and maintaining strong financial performance.