Quarterly gold production of 36,407 AuEq oz, comprised of:1,2
| Mine | Group Production (1 Jul – 30 Sep 2025) | Statutory Production (5 Aug – 30 Sep 2025) |
| Tomingley | 18,335 Au oz | 18,335 Au oz |
| Costerfield | 8,612 Au oz 198 Sb t 9,492 AuEq oz | 5,643 Au oz 124 Sb t 6,189 AuEq oz |
| Björkdal | 8,580 Au oz | 5,987 Au oz |
| Consolidated | 35,527 Au oz 198 Sb t 36,407 AuEq oz | 29,965 Au oz 124 Sb t 30,511 AuEq oz |
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
Alkane 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.
Alkane Managing Director, Nic Earner, said:
“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.”
1 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 quarter were US$3,457/oz Au (being the average of the daily PM price, sourced from www.lbma.org.uk) and US$21,928/t Sb (being the average Shanghai Metal Market Price sourced from [www.metal.com]). The average market prices for the statutory reporting period were US$3,521/oz Au (being the average of the daily PM price, sourced from www.lbma.org.uk) and US$22,151/t Sb (being the average Shanghai Metal Market Price sourced from www.metal.com).
2 Group Production on basis of 100% contribution from Tomingley, Costerfield and Björkdal for the quarter. As merger with Mandalay Resources completed on 5 August 2025, Alkane’s statutory reported production for FY2026 reflects production from Costerfield and Björkdal only from that date. Refer to ALK announcement dated 9 September 2025 titled ‘Alkane Announces Financial Year 2006 Guidance’.
3 Refer to ALK Announcement dated 9 September 2025 titled ‘Alkane Announces Financial Year 2026 Guidance’ for calculation of gold equivalent ounces and definition of Group Guidance. Note 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.