Alkane Resources Ltd · ASX:ALK
Alkane Resources — Q1 2027 Earnings Presentation
25 slides from Alkane Resources's earnings presentation, Oct 23, 2026
Slide 1: Q1 FY 2027 Earnings Conference Call
Q1 FY 2027 Earnings Conference Call Nic Earner (Managing Director & CEO) and James Carter (CFO) 23 October 2026 © 2026 Alkane Resources | ASX:ALK | TSX:ALK | OTCQX:ALKRY 1
Slide 2: Important Notices and Disclaimer
Important Notices and Disclaimer This presentation is current as at 23 October 2026 and has been prepared by Alkane Resources Limited (ASX: ALK, TSX: ALK, OTCQX: ALKRY) (Alkane) based on information available to it at the time of preparing this presentation. No representation or warranty, express or
Slide 3: Important Notices and Disclaimer
Important Notices and Disclaimer For the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects (‘NI 43-101’), the scientific and technical information contained in this presentation has been prepared under the supervision of, and approved by, Mr Chris Davis, who is a
Slide 4: Speakers
Q&A Speakers Nic Earner Jim Carter MANAGING DIRECTOR CHIEF FINANCIAL AND CEO OFFICER 4
Slide 5: Q1 FY2027: Highlights
Q1 FY2027: Highlights Q1 FY2027 Maiden fully franked Production dividend of 2 cents per share paid 40.7 koz AuEq 1 Q1 Cash Flows from Cash, bullion & Operations investments A$102 million A$459 million (US$71 million)2 (US$321 million)2 1. Gold equivalent ounces calculated by multiplying quantities o
Slide 6: Q1 FY2027: Consolidated Operations
Q1 FY2027: Consolidated Operations Guidance Unchanged Q1 2027 Tonnes ore mined (t) 654,577 Mined ore - Gold grade (g/t) 2.07 - Antimony grade (%) 1.12 Processed ore (t) 740,776 Processed ore – milled grade - Gold (g/t) 1.83 - Antimony (%) 1.11 Recovery - Gold (%) 89.58 - Antimony (%) 89.11 1. Refer
Slide 7: Q1 FY2027: Tomingley (Australia)
Q1 FY2027: Tomingley (Australia) High-performing gold mine positioned for growth Q1 2027 FY2027 guidance Processed ore (t) 343,988 Production guidance of 78 – 84 koz Au Processed ore – milled grade gold (g/t) 2.16 AISC guidance of $2,600 - $2,900 per oz Recovery gold (%) 90.32 Gold production (oz) 2
Slide 8: Q1 FY2027: Björkdal (Sweden)
Q1 FY2027: Björkdal (Sweden) Long-life underground and open cut gold mine Q1 2027 FY2027 guidance Processed ore (t) 355,260 Production guidance of 41 – 45 koz Au Processed ore – milled grade gold (g/t) 0.98 AISC guidance of $3,300 - $3,700 per oz Recovery gold (%) 85.54 Gold production (oz) 10,482 A
Slide 9: Q1 FY2027: Costerfield (Australia)
Q1 FY2027: Costerfield (Australia) One of the world’s highest-grade gold & antimony mines Q1 2027 FY2027 guidance Processed ore (t) 41,528 Gold equivalent production guidance of 44 – 48 koz AuEq1 AISC guidance of $2,700 - $3,000 per oz Processed ore – milled grade - Gold (g/t) 6.47 - Antimony (%) 1.
Slide 10: Mineral Resource and Ore Reserve
Mineral Resource and Ore Reserve1 Resources and Reserves Statement at 30 June 2026 Group Measured and Indicated Mineral Resources Location Tonnage (kt) Gold grade (g/t) Copper grade (%) Antimony grade (%) Contained gold (koz) Contained copper (Mt) Contained antimony (kt) Björkdal 22,474 2.07 1,497 T
Slide 11: Exploration: Tomingley
Exploration: Tomingley Resource Expansion Extension testing continues at: 1 1 Roswell - Wyoming 2 2 Roswell North 3 3 Macleans 4 4 Regional targets: El Paso 5 Peak Hill historic mine: 5 Drilling results highlight substantial exploration upside beneath the existing resource with a further 6,600 metre
Slide 12: Exploration: Björkdal (Sweden)
Exploration: Björkdal (Sweden) Resource Expansion Extension testing at: 3 1 North Zone infill and extension 1 North Zone 1 drilling results included: • 31.5 g/t over 0.85m 2 Eastern Zone 2 Eastern Zone infill and extension drilling results included:1 • 86.1 g/t over 1.25m • 81.3 g/t over 4.4m 3 Stor
Slide 13: Exploration: Costerfield (Australia)
Exploration: Costerfield (Australia) Resource Expansion 1 True Blue – Recent high-grade infill drilling 5 results1 increased confidence of the complex veining system to development. 2 Extension drilling of Kendall has brought about 2 new resources with further potential to convert Inferred Resources
Slide 14: Other Exploration
Other Exploration Boda-Kaiser and Nagambie Northern Molong Porphyry Project (NMPP) (encompasses Boda-Kaiser) A 178km2 exploration licence was acquired, which doubles the area of the NMPP. The licence is expected to transfer to Alkane in the following quarter. Nagambie Project Initial drilling succes
Slide 15: Q1 FY2027: Financial Highlights
Q1 FY2027: Financial Highlights Financial strength to deliver growth Australian dollar unless otherwise noted Q1 2027 Revenue (m) $205.9 million Gold price realised (per oz) - A$ $5,128 - US$1 $3,590 Antimony price realised (per tonne) - A$ $23,842 - US$1 $16,689 AISC3/ oz AuEq2 - A$ $2,805 - US$1 $
Slide 16: Q1 FY2027: Cash Flows
Q1 FY2027: Cash Flows Strong financial position supports growth plans Cash, bullion and liquid investments of $459 million. Available liquidity of $569 million, including undrawn $110 million revolving credit facility. Alkane’s three mines generated $102 million of operating cash flows. ALKANE RESOU
Slide 17: Q&A
Q&A Q&A Nic Earner Jim Carter MANAGING DIRECTOR CHIEF FINANCIAL AND CEO OFFICER 17
Slide 18: Contact information
Contact information ASX: ALK Natalie Chapman Corporate Communications Manager +61 8 9227 5677 TSX: ALK [email protected] @alkane-resources-ltd @alkaneresources OTCQX: ALKRY alkres.com 18
Slide 19: Appendix
Appendix RESERVES AND RESOURCES STATEMENTS 19
Slide 20: Tomingley Mineral Resources
Tomingley Reserves and Resources Statement1 Tomingley Operations – Mineral Resources (at 30 June 2026) Measured Indicated Total M&I Inferred Deposit Tonnes Grade Tonnes Grade Tonnes Grade Contained Tonnes Grade Contained (kt) (g/t Au) (kt) (g/t Au) (kt) (g/t Au) Gold (koz) (kt) (g/t Au) Gold (koz) O
Slide 21: Tomingley Ore Reserves
Tomingley Reserves and Resources Statement1 Tomingley Operations – Ore Reserves (at 30 June 2026) Proved Probable Total Deposit Tonnes Grade Tonnes Grade Tonnes Grade Contained Gold (kt) (g/t Au) (kt) (g/t Au) (kt) (g/t Au) (koz) Open Pittable Reserves (cut-off 0.4g/t Au) San Antonio 0 0.0 4,100 1.6
Slide 22: Costerfield Mineral Resources
Costerfield Reserves and Resources Statement1 Costerfield Operations – Mineral Resources (at 30 June 2026) Contained Resources Tonnes Gold Grade Antimony Contained 1. The Mineral Resource is estimated as of 2026 with depletion through to 30 June 2026. Category Antimony 2. Tonnes are rounded to the n
Slide 23: Björkdal Mineral Resources
Björkdal Reserves and Resources Statement1 Björkdal – Mineral Resources (at 30 June 2026) Tonnes Grade Contained Gold Location Area (kt) (g/t Au) (koz) Measured Mineral Resources Björkdal Underground 1,278 2.48 102 Indicated Mineral Resources Open Pit 4,102 1.62 214 Björkdal Underground 14,881 2.21
Slide 24: Björkdal Ore Reserves
Björkdal Reserves and Resources Statement1 Björkdal – Ore Reserves (at 30 June 2026) Tonnes Grade Contained Gold Location Area (kt) (g/t Au) (koz) Proven Ore Reserves Notes: 1. Björkdal Mineral Reserves are estimated using drill hole and sample data as of 01 January 2026 and depleted for production
Slide 25: Boda-Kaiser Resources
Boda-Kaiser Reserves and Resources Statement1 Indicated Inferred Total Metal Deposit Tonnes Au Cu Tonnes Au Cu Tonnes AuEq1 Au Cu AuEq1 Au Cu (Mt) (g/t) (%) (Mt) (g/t) (%) (Mt) (g/t) (g/t) (%) (Moz) (Moz) (Mt) Open Pittable Resources (cut-off 0.3g/t AuEq) Boda 191 0.36 0.17 42 0.29 0.16 233 0.58 0.3