ASX ANNOUNCEMENT Appendix 4E and Full Year Statutory Accounts
ASX ANNOUNCEMENT
Appendix 4E and Full Year Statutory Accounts
21 August 2026
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]
Record FY26 Net Profit After Tax of A$228.7 Million (up 590%)
Fully Franked 2.0cps Final Dividend Declared
Perth, Western Australia - Alkane Resources Limited (ASX: ALK, TSX: ALK, OTCQX: ALKRY) (‘Alkane’ or ‘the
Company’) is pleased to release its results for the year ended 30 June 2026, with the Appendix 4E and full year
statutory accounts attached. The table below is a summary of the financial results:
June 2026 June 2025 Change Change
%
Net profit after tax (A$'000) 228,722 33,043 195,679 592%
Revenue (A$'000) 935,822 262,362 673,460 257%
Basic earnings per share (cents) 17.69 5.46 12.23 224%
Gold sales (AuEq ounces)1 164,878 69,774 95,104 136%
Gold production (AuEq ounces)* 168,337 70,120 98,217 140%
Cash and bullion (A$ million) 438.9 60.3 378.6 628%
* Gold production is presented on a full year basis and includes production from the Costerfield and Björkdal operations for the period prior to
completion of the merger with Mandalay Resources on 5 August 2025. Gold production for the statutory reporting period, which consolidates the
Mandalay operations from the merger date, was 162,440 AuEq ounces.
Alkane delivered a record performance in FY26, the Company’s first year as a multi-asset gold and antimony producer
following completion of the transformational merger of equals with Mandalay Resources Corporation on 5 August
2025. The enlarged group’s three operations – Tomingley in New South Wales, Costerfield in Victoria and Björkdal in
Sweden – delivered record full year gold equivalent production of 168,337 ounces1 which, combined with an average
realised gold price of A$5,664 per ounce (FY25: A$3,770), drove record revenue, profit and cashflow. The Group
closed the year with cash, bullion and listed investments of A$454 million.
Reflecting the record result and the strength of the balance sheet, the Board has declared Alkane’s maiden fully
franked dividend of 2.0 cents per share in respect of FY26.
Alkane also re-iterates the FY27 guidance released to the ASX on 21 July 202 6 group gold equivalent production of
163-177kozs gold equivalent ounces1 at an all-in sustaining cost of $2,900- 3,200 per ounce. Guidance by operation
is set out under FY27 Guidance below.
Alkane Managing Director, Nic Earner, said: “FY26 was a transformational year for Alkane. The merger with Mandalay
created a three-mine gold and antimony producer of scale, and record production, revenue and profit in our first year
as a combined group demonstrate the quality of the business we have built. The declaration of Alkane’s maiden
dividend is a significant milestone in the Company’s history, and reflects both the strength of our balance sheet and
the Board’s confidence in the outlook for the Company – a confidence underlined by our FY27 guidance.
“Alkane’s Board and management thank the employees and contractors of the Company for their strong and continued
commitment to safety, production and exploration performance.”
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Alkane Resources Ltd – Record FY26 Net Profit After Tax – 21 August 2026
Dividend information
The key dates for the FY26 final dividend are as follows:
Event Date
Ex-dividend date 7 September 2026
Record date 8 September 2026
Payment date 1 October 2026
FY27 Guidance
Alkane re-iterates the FY27 guidance for the group released to the ASX on 21 July 2026, as set out below:
Tomingley Costerfield Björkdal Group
Gold equivalent production (oz)1 78-84 44-48 41-45 163-177
AISC (A$/oz AuEq) 2,600-2,900 2,700-3,000 3,300-3,700 2,900-3,200
Growth capital (A$ million) 90-100 30-40 40-50 160-190
Exploration (A$ million) 15-17 20-23 10-13 45-53
Boda/Kaiser & Other Exploration 10-12
Alkane is not aware of new information materially affecting the guidance and its underlying assumptions continue to
apply.
This document has been authorised for release to the market by Nic Earner, Managing Director & CEO.
1Gold 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. M etallurgical
recoveries for gold and antimony are well established through current and historical plant performance. 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.
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Alkane Resources Ltd – Record FY26 Net Profit After Tax – 21 August 2026
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 exploration 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 risks 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 make 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.
Alkane Resources Ltd
Appendix 4E
Preliminary final report
1. C
ompany details
Name of entity: Alkane Resources Ltd
ABN: 35 000 689 216
Reporting period: For the year ended 30 June 2026
Previous period: For the year ended 30 June 2025
2. Results for announcement to the market
$
'000
Revenue from ordinary activities up 256.7% to 935,822
Profit after tax attributable to the owners of Alkane
Resources Ltd
- Fro
m continuing operations up 592.19% to 228,722
Revenue increased as a result of higher realised gold prices an d sales volume from the Groups th ree operations primarily as a result of
the merger with Mandalay Resources on 5 August 2025. Gold sold during the current year was 164,878 gold equivalent oz (2025: 69,774
oz).
Realised gold prices were higher than the prior year with an average realised price of $5,664 (2025: $3,770).
Comments
The profit for the consolidated entity from continuing operations after providing for income tax amounted to $228,722,000 (30 J une
2025: $33,043,000)
3. Net tangible assets
Rep
orting
period
Previous
period
Cents Cents
Net tangible assets per ordinary security 82.51 34.46
4. Dividends
Cur
rent period
Subsequent to the year ended 30 June 2026, the Board has resolved to pay a maiden final dividend of 2.0 cents per share, fully franked,
in respect of FY26.
Record date 8 September 2026
Payment date
1 October 2026
Previous period
There were no dividends paid, recommended or declared during the previous financial period.
Alkane Resources Ltd
Appendix 4E
Preliminary final report
5. A
udit qualification or review
Deta
ils of audit/review dispute or qualification (if any):
The financial statements have been audited and an unmodified opinion has been issued.
6. Attachments
Deta
ils of attachments (if any):
The Annual Financial Report for the year ended 30 June 2026 of Alkane Resources Ltd is attached.
7. Signed
Date: 20 August 2026 Signed ___________________________
Nicholas Earner
Managing director and CEO
Alkane Resources Ltd
ABN 35 000 689 216
Annual Financial Report for the year ended - 30 June 2026
Alkane Resources Ltd
Contents
30 June 2026
1
Directors' report 2
Consolidated statement of profit or loss and other comprehensive income 33
Consolidated balance sheet 34
Consolidated statement of changes in equity 35
Consolidated statement of cash flows 36
Notes to the consolidated financial statements 37
Directors' declaration 76
Independent auditor's report to the members of Alkane Resources Ltd 77
Corporate directory 81