Announcement • Aug 24

Alkane Resources Limited Discovers New High-Grade Domain At Cuffley

Alkane Resources Limited announced the latest exploration results highlighting the discovery of a new high-grade zone of the Cuffley Lode, and drilling results from the Sub-KC domain at depth below the Augusta mine and the Costerfield property in Victoria, Australia. 23 new holes have been drilled in an unmined area between the historical Cuffley north and south high-grade grade panels, and 17 additional holes have targeted the Sub KC domain at depth below the deposit. A new grade pod with areas of very high grade gold and antimony was identified in the Cuffley infill area, in a sparsely drilled zone previously thought to contain low grade due to the influence of a crosscutting fault. Additional high grade infill intercepts have made in the Sub KC system, and the first target testing holes looking for repetitions of the structural setup have been drilled. The Cuffley pod is readily accessible from existing infrastructure and is being incorporated into the mine schedule. Assay Highlights: From Cuffley: 580.9g/t gold and 24% antimony over 0.61m (ETW 0.54m) in AD270; 168.9g/t gold and 33.5% antimony over 0.9m (ETW 0.78m) in AD265; 60.1g/t gold and 15.2% antimony over 1.26m (ETW 1.17m) in AD292; 124g/t gold and 48.6% antimony over 0.23m (ETW 0.22m) in AD275. From Sub KC: 28.2g/t gold and 0% antimony over 0.99m (ETW 0.82m) in CSK044; 73.2g/t gold and 18.8% antimony over 0.19m (ETW 0.18m) in CSK043; 192g/t gold and 0% antimony over 0.17m (ETW 0.07m) in CSK043; 16.1g/t gold and 12.7% antimony over 0.37m (ETW 0.34m) in CSK048. The Costerfield gold-antimony deposit was discovered in 1861, antimony having been already identified in the district as early as 1853 as prospectors attracted to the McIvor (Heathcote) alluvial gold rush began to explore the surrounding hills for the primary deposits. Several lodes along a 3km corridor were rapidly opened up, the bulk of historical production coming from leases at the northern end of the field; the Costerfield (Main), Bombay and Minerva mines. Modern mining has been continuous since 2006, when Australian Gold Development commenced underground operations at Augusta, at the southern end of the field. Extraction of the vertically continuous vein system has progressively moved north. Firstly from the initial Augusta series of lodes, to Cuffley and N Lode in 2014 and the Brunswick in 2018. Costerfield’s current locus of mining is beneath the Costerfield, Minerva and Bombay group of mines, where Mandalay’s high-grade Youle and Shepherd lodes were accessed in 2019. The Cuffley and Sub KC deposits are found within the Central Corridor of deposits at Costerfield. The Cuffley Lode occupies a vertical shear, running along a N-S field-scale anticline (Cuffley Anticline) next to the Augusta Deposit. Mineralisation at Cuffley is of the “classic” Costerfield style, consisting of quartz-carbonate veining grading to massive stibnite, gold being found in both quartz and stibnite. Updip, the Cuffley lode is truncated by the Mamushi/Flat Fault set, which offsets the mineralisation above eastward by approximately 40m, where it is known as the historical Alison deposit. The Alison mineralisation is itself bounded updip by the major west-dipping Adder Fault thrust. The footwall of the Cuffley system is delineated by the similarly west-dipping King Cobra Fault thrust, which breaches and offsets the Cuffley anticline. Down-dip from Cuffley, westward along the King Cobra Fault plane, mineralisation resumes with the Sub-KC deposit. Sub-KC occupies the steeply dipping east limb of the continuation of the Cuffley Anticline. If the approximately 300m of offset along the fault plane is restored, reconstructing the anticline and stratigraphy, the Sub-KC deposit correlates very well with the downward continuation of N Lode. The axis of the anticline hosts a strong gougey shear termed the Lyre Fault, which merges into the King Cobra Fault forming the hangingwall of the main Sub-KC domain between them. Most mineralisation associated with Sub KC sits in the immediate footwall of the Lyre Fault and reduces in tenor at distance from the fault plane. Strike control is not fully understood at this stage of drilling due to limited drilling orientations, but appear to be related to north-east trending splays from the Lyre Fault somewhat similar in nature to the East Fault at Cuffley. The veins of the Sub-KC deposit generally fall into three categories: Early, laminated bedding parallel quartz veins, reactivated and dilated during the mineralisation, the later quartz-stibnite vein generation is often discreet and confined to one side of the vein with the lamination adhering to the other contact. Gold is commonly found in the laminations of the older quartz generation. Single-generation quartz veins in subvertical orientations, linking between the laminated, bedded veins. These structures most likely developed under extensional stress contemporaneous with the time of mineralisation. East-dipping veins found on the western limb of the Cuffley Anticline, crosscutting the bedding at a high angle. These veins appear to be exploiting an earlier axial, spaced fabric including jointing and minor faulting developed at the time of anticline formation. All veins have demonstrated the capability to host coarse, high-grade gold and varying amounts of massive stibnite. In general, antimony grades are of lesser importance within the Sub-KC deposit relative to other mined deposits at Costerfield, perhaps due to comparatively limited vein volumes which does not appear to influence gold prospectivity. “Rusty” gold after aurostibite is commonly observed, along with occasional veins containing native antimony metal typically with small amounts of pyrrhotite. Drilling Results - Cuffley: 23 growth and infill holes have been completed, totalling 3,255m of diamond drill core. This activity resulted in 18 new intercepts on the mineralised structure, the remaining five fault blanking as the bounds of the new domain was explored. Four drillholes intercepted mineralisation grading over 10g/t gold equivalent over mining width: 580.9g/t gold and 24% antimony over 0.61m (ETW 0.54m) in AD270 including 0.25m @ 1360g/t gold & 19.7% antimony; 168.9g/t gold and 33.5% antimony over 0.9m (ETW 0.78m) in AD265; 60.1g/t gold and 15.2% antimony over 1.26m (ETW 1.17m) in AD292; 124g/t gold and 48.6% antimony over 0.23m (ETW 0.22m) in AD275. An additional four holes graded over 2g/t gold equivalent over mining width. Drilling Results – Sub KC: Four target-testing holes were drilled for 3,705.32m, and ten parent /two wedge growth and infill holes were completed for 8,168.28m.

Announcement • Jun 10

Alkane Resources Limited Announces Boda-Kaiser Regional Exploration Update

Alkane Resources Limited announced the latest exploration results and drilling around the Boda-Kaiser resources at its Northern Molong Porphyry Project (NMPP) in New South Wales. Near Boda-Kaiser exploration continued with the drilling of various targets testing areas for new Au-Cu mineralised centres. One diamond core drill hole and one reverse circulation (RC) drill hole were completed testing the area between the Kaiser and Boda deposits. Three RC drill holes were completed to the northeast of Boda-Kaiser testing targets generated from IP and surface geochemical surveys. The diamond core drill hole intersected a magmatic root zone to an intrusive-hydrothermal breccia. Further drilling is planned to test along strike and up-dip of this breccia. District exploration included four RC drill holes testing IP chargeability targets hosted by the Comobella Intrusive Complex at the Haddington and Glen Hollow prospects. The program confirmed the chargeability anomalism intersecting monzonites with pyrite and lesser Cu-Au mineralisation in most of the drilling. Mobile Magnetotellurics (MMT) was flown over the project area north of the Boda-Kaiser deposits, defining six high priority targets for porphyry style systems at Driell Creek, Murga, Gollan North, and two new prospects named One Tree and Old Station. On ground validation of these targets has commenced. Assay results have been received and collated for 8 reverse circulation (RC) drill holes for a total of 2,510 metres and 1 diamond (DD) core drill hole for 1,303 metres. The exploration undertaken included testing the corridor area between Boda and Kaiser deposits with 1 DD and 1 RC hole, 3 RC holes testing geochemical-geophysical anomalies northeast of Boda-Kaiser, 4 RC holes testing various IP chargeability anomalies within the CIC (Haddington and Glen Hollow prospects) that are coincident with Au-Cu mineralisation from previous companies RAB drilling, and completion of a Mobile Magneto-Telluric (MMT) survey over the majority of the NMPP. There is an approximate 500m strike length between the Boda deposit (8.4Moz Au, 1.5Mt Cu) and Kaiser deposit (1.9Moz Au, 0.4Mt Cu) that is poorly drill tested. Structural modelling and lithogeochemistry studies highlighted this area as highly prospective for hosting a new hydrothermal breccia centre. Previous drilling has supported this target with distal breccia style gold-copper mineralisation intersected from near surface in RC holes BOD066 - 226m grading 0.25g/t Au, 0.10% Cu from 12m to end of hole, and deeper in BOD065 - 64m grading 0.43g/t Au, 0.12% Cu from 174m to end of hole. One deep RC precollared diamond core drill hole (KAI226) was completed from south of Kaiser to transect the footwall of the Solar Fault that is host to the intrusive-hydrothermal breccia complex at Boda. Significant results from the 1,303m deep drill hole included an intercept of monzodiorite cemented breccia of 23.5m grading 0.31g/t AuEq1 (0.17g/t Au, 0.14% Cu) from 880.5m, including 3.2m grading 0.53g/t AuEq1 (0.31g/t Au, 0.23% Cu) from 895.8m, and 42.1m grading 0.30g/t AuEq1 (0.16g/t Au, 0.14% Cu) from 914m, including 5m grading 0.53g/t AuEq1 (0.29g/t Au, 0.25% Cu) from 920m, also 4.8m grading 0.59g/t AuEq1 (0.32g/t Au, 0.29% Cu) from 948.2m. KAI226 intersected a mineralised monzodiorite cemented breccia that is the likely magmatic root to the overlying hydrothermal breccia mineralisation intersected by previous shallow drilling. As observed at Boda-Kaiser, the highest grades to these intrusive-hydrothermal breccias occurs above the transition from magmatic cement to a hydrothermal cement, with the highest grades occurring in a sulphide-only cement. Drill targeting along strike and up-dip is planned for next year to further test this sparsely drilled area. Additionally, one 238m deep RC drill hole (KAI225) was completed testing for a southeast continuation of the Kaiser resource. The hole tested the margin of the Kaiser magnetic complex where no drilling had been previously conducted. KAI225 intersected inner propylitic alteration of basaltic-andesite lavas with pyrite mineralisation. No significant Au-Cu assay results were received. Other near Boda-Kaiser exploration focussed on the northeast flank of the system, testing three geochemical targets with co-incident elevated potassium and/or chargeability anomalies identified by the reprocessing of the 2020 IP survey. Three RC drill holes (KAI224, BOD167-8) were completed for a total of 1,014m. KAI224 intersected weak phyllic (sericite-chlorite) alteration transitioning into distal propylitic alteration with pyrite mineralisation throughout. BOD168 intersected pyrite-sericite phyllic alteration including Au-Cu assay results of 9m grading 0.31g/t AuEq* (0.30g/t Au, 0.01% Cu) from 264m. The gold enriched phyllic alteration intersected by BOD168 in the hanging wall to the Reids Fault appears similar to the observed phyllic alteration that occurs within the northeastern flank of the Boda deposit. Further drilling is planned to test for a deeper potassic/calc-potassic core in the footwall of the fault. The area northeast of Boda-Kaiser has only seen minimal drilling to date and exploration drilling will continue to help inform the Boda-Kaiser mine design. A seven-line induced polarisation (IP) survey was completed over the Haddington prospect in 2025. The IP survey measured the chargeability and resistivity of the subsurface to a depth of approximately 400m and has highlighted both chargeability and resistivity anomalies that may be an indication of mineralised porphyry systems. Four significant chargeability anomalies supported by previous and/or historical geochemistry were tested by RC drilling at the Haddington and Glen Hollow prospects within the Comobella Intrusive Complex (CIC). The CIC geology comprises a package andesites and latites, intruded by significant monzonite with shoshonitic magmatic affinities. Localised hydrothermal breccia/skarn gold-copper mineralisation is associated with the monzonites. At Haddington, two RC drill holes for a total of 800m were completed.

Total Shareholder Yield	n/a
Future Dividend Yield	2.0%
Dividend Growth	n/a
Next dividend pay date	01 Oct 26
Ex dividend date	07 Sep 26
Dividend per share	n/a
Payout ratio	11%

Segment	Dividend Yield
Company (ALK)	1.1%
Market Bottom 25% (AU)	2.7%
Market Top 25% (AU)	6.2%
Industry Average (Metals and Mining)	3.8%
Analyst forecast (ALK) (up to 3 years)	2.0%

Data	Last Updated (UTC time)
Company Analysis	2026/09/11 14:32
End of Day Share Price	2026/09/11 00:00
Earnings	2026/06/30
Annual Earnings	2026/06/30

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

Analyst	Institution
David Coates	Bell Potter
Brian Quast	BMO Capital Markets Equity Research
Lord Ashbourne	Edison Investment Research

Alkane Resources Dividends and Buybacks

Dividend criteria checks 0/6

Key information

Recent dividend and buyback updates

Upcoming dividend of AU$0.02 per share

Alkane Resources Ltd Announces Maiden Final Dividend Declared for Financial Year 2026, Payable on 1 October 2026

Recent updates

Alkane Resources Ltd, Annual General Meeting, Nov 05, 2026

Price target increased by 8.1% to AU$2.00

ALK: Record Profit Dividend And Buyback Will Support Future Upside

High number of new directors

Upcoming dividend of AU$0.02 per share

Investor sentiment improves as stock rises 24%

Alkane Resources Ltd (ASX:ALK) Just Released Its Yearly Earnings: Here's What Analysts Think

Alkane Resources Limited Announces Board and Committee Appointments, Effective August 24, 2026

Alkane Resources Uncovers High-Grade Gold Antimony Zone at Costerfield Operation

Alkane Resources Limited Discovers New High-Grade Domain At Cuffley

Alkane Resources Ltd Announces Maiden Final Dividend Declared for Financial Year 2026, Payable on 1 October 2026

Alkane Resources Ltd. Re-Iterates Production Guidance for the Fiscal Year 2027

Alkane Resources Delivers Record Profit With Maiden Dividend and $50M Buy-Back

Full year 2026 earnings released: EPS: AU$0.18 (vs AU$0.055 in FY 2025)

Investor sentiment improves as stock rises 15%

Exploration Spending And Boda Kaiser Development Will Shape Earnings Risk Going Forward

ALK: Expanded Swedish Resources Will Support Future Cash Flow And Dividend Potential

Alkane Resources Updates Storheden Gold Resource With First Indicated Estimate, Eyes 2029 Output

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Price target decreased by 8.6% to AU$1.85

High Exploration Success And Copper Gold Project Will Support Stronger Long Term Prospects

ALK: Record Cash Flow And Maiden Dividend Will Support Bullish Outlook

Alkane Resources Delivers Record Cash Flow and Proposes Maiden Dividend for FY26

(Deep Dive Series) Alkane Resources, 3-Mine Gold & Antimony Producer Emerges After Mandalay Merger

Brunswick South Drilling Confirms Major High-Grade Gold-Antimony Extension for Alkane Resources

Alkane Resources Limited Reports Positive Drilling Results from Björkdal Gold Mine Near Mine Exploration Program

Consensus EPS estimates increase by 14%

Alkane Resources Limited Announces Exploration Results for True Blue Deposit At Costerfield Operation

Alkane Resources Reports Strong True Blue Drilling Results Supporting Development Plans

ALK: Exploration Results And New Targets Will Support Bullish Outlook

Investor sentiment improves as stock rises 20%

Alkane Resources Limited Announces Boda-Kaiser Regional Exploration Update

Alkane Resources Expands Drilling at Nagambie to Target High-Grade Antimony and Gold

Alkane Resources, Record Production, A$374M Cash and a Giant Copper-Gold Project

Third quarter 2026 earnings released: EPS: AU$0.068 (vs AU$0.013 in 3Q 2025)

Alkane Resources Ltd. Provides Consolidated Production Guidance for the Fiscal Year 2026

Alkane Resources Ltd to Report Q3, 2026 Results on May 15, 2026

Alkane Resources Ltd. Reaffirms Group Production Guidance for the Fiscal Year 2026

Investor sentiment improves as stock rises 20%

Alkane Resources Limited Announces Change of Joint Company Secretary

Alkane Resources Limited Advances Near-Mine Kendal Deposit with High Grade Antimony-Gold Intercepts At Costerfield

Alkane Resources Limited Announces the Latest Exploration Results and Drilling for the Underground Expansion of Existing Resources At Its Tomingley Gold Operations in New South Wales

Now 23% undervalued

Adavale Resources Limited (ASX:ADD) entered into an agreement to acquire Package of Exploration Licences of Alkane Resources Ltd (ASX:ALK) for AUD 0.26 million.

Upgrade: Analysts Just Made A Sizeable Increase To Their Alkane Resources Ltd (ASX:ALK) Forecasts

High Grade Mine Ramp Ups And Copper Project Will Reshape Long Term Earnings Profile

Second quarter 2026 earnings released: EPS: AU$0.05 (vs AU$0.003 in 2Q 2025)

Alkane Resources Ltd Provides Consolidated Production Guidance for the Fiscal Year 2026

Consensus EPS estimates increase by 19%

Alkane Resources Ltd to Report Q2, 2026 Results on Feb 13, 2026

Non-Executive Director recently sold AU$730k worth of stock

Consensus EPS estimates increase by 12%

Price target increased by 10% to AU$1.86

Consensus EPS estimates increase by 98%

Alkane Resources Ltd. Provides Group Production Guidance for Fiscal Year 2026

We Believe That Alkane Resources' (ASX:ALK) Weak Earnings Are A Good Indicator Of Underlying Profitability

Alkane Resources Limited Appoints Denise Mccomish as Independent Non-Executive Director and Chair of Audit & Risk Committee, Effective 1 December 2025

Consensus EPS estimates fall by 55%, revenue upgraded

Why We Think Alkane Resources Ltd's (ASX:ALK) CEO Compensation Is Not Excessive At All

New minor risk - Earnings quality

First quarter 2026 earnings released: AU$0.002 loss per share (vs AU$0.019 profit in 1Q 2025)

Alkane Resources Ltd Reiterats Production Guidance for Fiscal Year 2026

Alkane Resources Ltd to Report Q1, 2026 Results on Nov 13, 2025

Alkane Resources Limited Announces the Latest Results for Underground Expansion and Pre- Mine Grade Control Drilling Around the Existing Resources At the Company's Tomingley Gold Operations in Central New South Wales

Consensus EPS estimates fall by 21%

Price target increased by 8.1% to AU$1.60

Alkane Resources Limited Announces Resignation of Dominic Duffy from the Board

Consensus EPS estimates increase by 48%

New minor risk - Insider selling

Non-Executive Director recently sold AU$27m worth of stock

Price target increased by 7.0% to AU$1.37

Alkane Resources Ltd, Annual General Meeting, Nov 26, 2025

Investor sentiment improves as stock rises 18%