Alkane Resources (ALK) investor relations material

Strategic positioning and financial overview

• Completed a merger in mid-2023, boosting liquidity and index fund inclusion; now in ASX 300 and targeting ASX 200 in June rebalance.

• Market cap is around AUD 2.5 billion, with daily trading volumes of AUD 10–12 million on ASX and additional volume on TSX.

• Maintains a strong balance sheet with nearly $250 million in cash and bullion, minimal debt, and an undrawn AUD 110 million credit facility.

• Generates about AUD 50 million in free cash flow per quarter after capital expenditures.

Operational performance and asset updates

• Operates three mines: Tomingley (NSW), Costerfield (Victoria), and Björkdal (Sweden), all underground and grid-powered.

• Tomingley is expanding with two new open cuts and a highway relocation, aiming for 75–80k oz gold production and seven years of reserves.

• Costerfield specializes in high-grade, narrow vein mining, producing gold and antimony concentrates, with ongoing exploration and a new JV at Nagambie.

• Björkdal is focused on increasing underground mining rates and reducing costs by developing new areas and a small open cut.

Growth projects and exploration

• Boda-Kaiser copper-gold project holds a 15 Moz equivalent resource; approvals and environmental studies underway, with significant potential upside to valuation.

• Actively exploring for reserve extensions at all sites, including new targets near Costerfield and Tomingley.

• Plans to drill in areas with mineralization similar to Sunday Creek within 12 months.

• Continues to seek inorganic growth opportunities in Australia, New Zealand, US, Canada, and Scandinavia.