Cash of $432 million – a $104 million increase for the quarter
Alkane is pleased to present its Quarterly Activities Report for the period ending 30 June 2026 (‘Q4 FY26’):
Operations
- Q4 FY26 gold equivalent production of 42,491 AuEq oz @ AISC of $3,011/AuEq oz.¹˒²
- FY26 gold equivalent production of 168,337 AuEq oz @ AISC of $2,925/AuEq oz.¹˒²
- Site operating cash flow of $174 million for the quarter.
- FY27 production guidance of 163-177 kozs gold equivalent at an AISC of $2,900-$3,200 per ounce.¹˒²
Exploration
- At the Northern Molong Porphyry Project (NMPP) drilling between the Boda and Kaiser deposits has intersected further Au-Cu mineralisation. Highlighted results include intersecting magmatic-hydrothermal breccias between Boda and Kaiser grading 23.5 m at 0.17g/t Au 0.14% Cu and 42.1 m at 0.16g/t Au 0.14% Cu. Also, a Mobile Magnetotellurics (MMT) survey flown over the NMPP has defined new target areas to be assessed.³
Finance and Corporate
- Gold equivalent sales for the quarter of 47,411 ounces¹ for revenue of $257 million at an average realised gold price of $5,442/oz and an average realised antimony price of $24,276/t.
- Cash, bullion and listed investment balance of $454 million after $18 million of corporate income tax payments during the quarter.
- 8,500 ounces of hedges filled during the quarter.
- S&P Dow Jones Indices announced that they would include Alkane in the S&P/ASX 200 effective prior to the open of trading on Wednesday, 22 April 2026.
- Proposed maiden fully franked dividend of 2 cents per share for FY26⁴.
Managing Director and CEO, Nic Earner, commented: “It has been another great quarter for Alkane, producing 40,949 ounces of gold and 456 tonnes of antimony (42,491 ounces of gold equivalent) over the full quarter, which places full year FY26 production at 168,337 ounces of gold equivalent, in the top half of guidance. Our site operating cashflow was $174 million for the quarter, resulting in a balance sheet with $454 million in cash, bullion and listed investments at quarter end.
“Reflecting this strong financial position and our confidence in the business, the Board has proposed Alkane’s first ever dividend of 2 cents per share, fully franked — a significant milestone for the Company and a tangible return to the shareholders who have supported our growth. We expect to deliver consistent performance again next year. Our full-year FY27 guidance is 163-177kozs gold equivalent at an AISC of $2,900-$3,200 per ounce.”
- Gold equivalent ounces calculated by multiplying quantities of gold and antimony in period by respective average market price of commodities in period, adding the two amounts to get ‘total contained value based on market price’ and dividing that total contained value by the average market price of gold in period. I.e., AuEq = ((Au Produced x Au $/oz) + (Sb Produced pre-payability x 70% payability x Sb $/t)) / (Au $/oz). The average market prices for the June quarter were $6,349/oz Au (being the average of the daily PM price, sourced from www.lbma.org.uk) and $30,675/t Sb (being the average Shanghai Metal Market Price sourced from www.metal.com). The AUD:USD exchange rate for the June quarter was 0.7098. Average market prices for the March, December and September quarters of FY26 were A$7,015/oz Au and A$29,449/t Sb; A$6,299/oz Au and A$30,245/t Sb; and A$5,283/oz Au and A$33,508/t Sb respectively, using AUD:USD exchange rates of 0.6946, 0.6565 and 0.6544. Metallurgical recoveries for gold and antimony are well established through current and historical plant performance, and actual recoveries achieved during the period are set out in Tables 1, 2 and 5. Antimony is recovered into a gold-antimony concentrate and sold under existing offtake arrangements. It is the Company’s opinion that all of the elements included in the metal equivalent calculation have a reasonable potential to be recovered and sold.
- AISC is a non-IFRS measure and does not have a standardised meaning under IFRS and might not be comparable to similar financial measures disclosed by other companies. Refer to “Non-IFRS Performance Measures” at the end of this announcement.
- Refer to ALK Announcement dated 10 June 2026 titled “Boda-Kaiser Regional Exploration Update”.
- Subject to completion of the audit, satisfaction of the section 254T dividend tests under the Corporations Act, and final Board confirmation. No assurance can be given that any dividend will be declared, or as to the final quantum or timing of any dividend that is declared.