Alkane is pleased to announce that it has executed a A$110 million Revolving Credit Facility (“RCF”) and A$40 million Contingent Instrument Facility (“CIF”).
Following the early repayment of the $45 million project finance facility in August 2025¹, and to provide additional flexibility, liquidity, and broaden banking relationships, Alkane executed an A$110 million RCF and A$40 million CIF under a syndicated facilities agreement with Australia and New Zealand Banking Group Limited, Commonwealth Bank of Australia, Macquarie Bank Limited and Westpac Banking Corporation. The RCF may be used for general corporate purposes. The CIF will allow cash used to back performance guarantees to be returned.
Alkane is not required to enter into mandatory gold hedging as a condition of the facility.
Alkane Managing Director & CEO, Nic Earner, said: “With $232 million of cash and bullion at December 2025, which has grown during the March quarter, Alkane remains well funded to develop organic growth projects across our three operations². The new facilities allow us to broaden our relationships with tier-1 banks and provide additional liquidity to move quickly on emerging opportunities. Additionally, the contingent instrument facility will provide up to $40 million of cash returned to the business that is currently used for backing performance guarantees across the group’s operations.”
Alkane’s operations are performing strongly. Alkane expects to provide a March 2026 quarter production update in the coming weeks, ahead of the March 2026 quarterly activities report to be released later in April 2026.
The RCF contains covenants typical for a facility of this nature and is subject to the satisfaction of certain conditions precedent.
Bedrock Credit and Gilbert + Tobin acted as advisors to Alkane.
Key terms of the syndicated facilities agreement
| Lenders | Australia and New Zealand Bank (ANZ), Commonwealth Bank of Australia (CBA), Macquarie Bank Ltd (MBL), Westpac Banking Corporation. |
| Tenor | 3 years with an option to extend twice by a further year, subject to a six-month notice period and Lender approval. |
| Security | Senior security over all of the Australian assets of the Borrower and Guarantors, subject to certain excluded assets. |
| Financial Covenants | Typical for a facility of this nature, including Interest Cover Ratio, Net Leverage Ratio, Minimum Liquidity Test, and Guarantor Coverage Test. |
| Other terms | Typical terms for a facility of this nature, including typical conditions precedent, permitted indebtedness, representations, financial undertakings, general undertakings, review events and events of default. |