September 2025 Quarterly Production Update

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  • Quarterly gold production of 36,407 AuEq oz, comprised of:1,2

Financial Post

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 MineGroup Production
(1 Jul – 30 Sep 2025)
Statutory Production
(5 Aug – 30 Sep 2025)
 Tomingley18,335 Au oz 18,335 Au oz 
 Costerfield8,612 Au oz
198 Sb t
9,492 AuEq oz
 5,643 Au oz
124 Sb t
6,189 AuEq oz
 
 Björkdal8,580 Au oz 5,987 Au oz 
 Consolidated35,527 Au oz
198 Sb t
36,407 AuEq oz
 29,965 Au oz
124 Sb t
30,511 AuEq oz
 

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  • Cash, bullion and listed investment balance of A$191 million, after the repayment of the A$45 million debt facility and one-off transaction costs of A$25 million from the merger with Mandalay Resources.
  • FY2026 Group Guidance of 160,000 AuEq oz to 175,000 AuEq oz production at an AISC of A$2,600 – $2,900 per AuEq oz remains unchanged.3

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PERTH, Australia, Oct. 09, 2025 (GLOBE NEWSWIRE) — Alkane Resources Ltd (‘Alkane’) (ASX:ALK, TSX:ALK, OTC:ALKEF) has produced 36,407 ounces of gold equivalent over the period from 1 July 2025 to 30 September 2025.1,2 This period included the expected slower production at Björkdal over the Swedish extended summer vacation period. Cash ($160m), bullion ($14m) and listed investments ($17m) totalled A$191 million at the end of the quarter. During the quarter A$45 million of debt was re-paid, one-off transaction costs of A$25 million from the merger with Mandalay were incurred and hedging of 7,250 ounces of gold was filled. Further details will be available in the full September 2025 Quarterly Report later this month.

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Alkane Managing Director, Nic Earner, said:

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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.1,2 With the repayment of our A$45 million debt and the one-off transaction costs of A$25 million behind us we have a very solid balance sheet with A$191 million in cash, bullion and listed investments at quarter end.”

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This document has been authorised for release to the market by Nic Earner, Managing Director & CEO.

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ABOUT ALKANE
alkres.comASX:ALK | TSX: ALK | OTCQX: ALKEF

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Alkane Resources (ASX:ALK; TSX:ALK; OTCQX:ALKEF) 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.

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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 Björkdal underground gold mine northwest of Skellefteå in Sweden (approximately 750km north of Stockholm). Ongoing near-mine regional exploration continues to grow resources at all three operations.

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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 ongoing 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.

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