Alkane Executes $110 Million Revolving Credit Facility
CONTACT: NIC EARNER, MANAGING DIRECTOR & CEO, ALKANE RESOURCES LTD, TEL +61 8 9227 5677
INVESTORS & MEDIA: NATALIE CHAPMAN, CORPORATE COMMUNICATIONS MANAGER, TEL +61 418 642 556
Level 4, 66 Kings Park Rd, West Perth WA 6005, AUSTRALIA (PO Box 768, West Perth WA 6872, AUSTRALIA)
ABN: 35 000 689 216 | Telephone: +61 8 9227 5677 | alkres.com | [email protected]
INVESTOR ANNOUNCEMENT AND
MEDIA RELEASE
30 March 2026
ALKANE EXECUTES $110 MILLION REVOLVING CREDIT FACILITY
Perth, Western Australia - Alkane Resources Limited (ASX: ALK, TSX: ALK, OTC QX: ALKRY) (‘Alkane’) is
pleased to announce that it has executed an 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.
1 ASX Announcement 18 August 2025 Project Finance Facility Fully Repaid.
2 ASX Announcement 27 January 2026 Quarterly Activity Report.
2/2
Alkane Resources Ltd
This document has been authorised for release to the market by Nic Earner, Managing Director & CEO.
ABOUT ALKANE ‐ alkres.com ‐ ASX:ALK | TSX: ALK | OTCQX: ALKRY
Alkane Resources (ASX:ALK; TSX:ALK; OTCQX:ALKRY ) is an Australia- based gold and antimony producer
with a portfolio of three operating mines across Australia and Sweden. The Company has a strong balance
sheet and is positioned for further growth.
Alkane’s wholly owned producing assets are the Tomingley open pit and underground gold mine southwest of
Dubbo in Central West New South Wales, the Costerfield gold and antimony underground mining operation
northeast of Heathcote in Central Victoria, and the Björkdal underground gold mine northwest of Skellefteå in
Sweden (approximately 750km north of Stockholm). Ongoing near-mine regional exploration continues to grow
resources at all three operations.
Alkane also owns the very large gold-copper porphyry Boda-Kaiser Project in Central West New South Wales
and has outlined an economic development pathway in a Scoping Study. The Company has ongoing exploration
within the surrounding Northern Molong Porphyry Project and is confident of further enhancing eastern
Australia’s reputation as a significant gold, copper and antimony production region.
Interactive Analyst Centre™
Comprehensive financial, operational, resource and reserve information for Alkane Resources is available through the Interactive Analyst
Centre™ located in the Investors section of our website at alkres.com.
Cautionary Note Regarding Forward-Looking Information and Statements
This announcement contains certain forward-looking information and forward-looking statements within the meaning of applicable securities
legislation and may include future-oriented financial information or financial outlook information (collectively "Forward-Looking Information").
Actual results and outcomes may vary materially from the amounts set out in any Forward- Looking Information. As well, Forward-Looking
Information may relate to: future outlook and anticipated events; expectations regarding explor ation potential; production capabilities and
future financial or operating performance, including AISC, investment returns, margins and share price performance; production and cost
guidance and the timing thereof; issuing updated resources and reserves estimate and the timing thereof; the potential of the Company to
meet industry targets, public profile and expectations; and future plans, projections, objectives, estimates and forecasts and the timing
related thereto. Forward-Looking Information is generally identified by the use of words like "will", "create", "enhance", "improve", "potential",
"expect", "upside", "growth" and similar expressions and phrases or statements that certain actions, events or results "may", "could", or
"should", or the negative connotation of such terms, are intended to identify Forward-Looking Information. Although Alkane believes that the
expectations reflected in the Forward- Looking Information are reasonable, undue reliance should not be placed on Forward- Looking
Information since no assurance can be provided that such expectations will prove to be correct. Forward- Looking Information is based on
information available at the time those statements are made and/or good faith belief of the officers and directors of Alkane as of that time
with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those
expressed in or suggested by the Forward- Looking Information. Forward-Looking Information involves numerous ris ks and uncertainties.
Such factors include, without limitation: risks relating to changes in the gold and antimony price. Forward- Looking Information is designed
to help readers understand Alkane’s views as of that time with respect to future events and speak only as of the date they are made. Except
as required by applicable law, Alkane assumes no obligation to update or to publicly announce the results of any change to any forward -
looking statement contained or incorporated by reference herein to reflect actual results, future events or developments, changes in
assumptions or changes in other factors affecting the Forward- looking Information. If Alkane updates any one or more forward- looking
statements, no inference should be drawn that the company will ma ke additional updates with respect to those or other Forward- looking
Information. All Forward- Looking Information contained in this announcement is expressly qualified in its entirety by this cautionary
statement.
Disclaimer
Alkane has prepared this announcement based on information available to it. No representation or warranty, express or implied, is made as
to the fairness, accuracy, completeness or correctness of the information, opinions or conclusions contained in this announcement. To the
maximum extent permitted by law, none of Alkane, its directors, officers, employees, associates, advisers and agents, nor any other person
accepts any liability, including, without limitation, any liability arising from fault or negligence on the part of any of them or any other person,
for any loss arising from the use of this announcement or its contents or otherwise arising in connection with it. This announcement is not
an offer, invitation, solicitation, or other recommendation with respect to the subscription for, purchase or sale of any security, and neither
this announcement nor anything in it shall form the basis of any contract or commitment whatsoever.