Group Resources & Reserves Statement FY26
ASX ANNOUNCEMENT
11 September 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]
Group Resources & Reserves Statement FY26
Perth, Western Australia - Alkane Resources Limited (ASX: ALK; TSX: ALK; OTCQX: ALKRY) (‘Alkane’ or ‘the
Company’) is pleased to summarise the latest update to the Mineral Resource and Ore Reserve estimates for its
assets in Australia and Sweden as at 30 June 2026.
Individual Mineral Resources and Ore Reserves Statements for Björkdal, Tomingley and Costerfield will be released
simultaneously with this announcement. Complete details for each estimate, as required by the ASX Listing Rules and
the JORC Code, are set out in the individual statements.
Group Measured and Indicated Mineral Resources,1
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
Tomingley 17,302 2.1 1,184
Costerfield 1,993 6.0 2.1 387 42.0
Boda Kaiser2 537,000 0.32 0.19 5,573 1.01
TOTAL 578,796 0.46 8,641 1.01 42.0
Group Inferred Mineral Resources
Location Tonnage
(kt)
Gold
grade (g/t)
Copper
grade (%)
Antimony
grade (%)
Contained
gold (koz)
Contained
copper
(Mt)
Contained
antimony
(kt)
Björkdal 12,096 1.57 611
Tomingley3 4,549 2.1 304
Costerfield 969 3.6 1.3 111 12.9
Boda Kaiser 258,000 0.33 0.18 2,731 0.45
TOTAL 275,614 0.42 3,757 0.45 12.9
Group Ore Reserves
Location Tonnage
(kt)
Gold
grade (g/t)
Antimony
grade (%)
Contained
gold (koz)
Contained
antimony
(kt)
Björkdal 13,121 1.33 563
Tomingley 11,407 1.7 641
Costerfield 960 5.5 1.6 170 15.0
TOTAL 25,488 1.7 1,374 15.0
Alkane Managing Director & CEO, Nic Earner, said:
“We are pleased to report continued growth in resources at each producing asset, with all assets replacing depletion
through continued exploration and extension of mineral resources. This growth reflects the success of our exploration
programs and reinforces the value and potential we see in Alkane’s producing portfolio.”
1 Refer to ALK announcements titled ‘Tomingley Resources and Reserves Statement FY26’, ‘Costerfield Resources and Reserves Statement FY26’ and ‘Björkdal Resources
and Reserves Statement FY26’ dated 11 September 2026 for complete details for each estimate
2 Boda Kaiser has net been re-estimated and remains as described in ASX Announcement – 15 October 2025 “NSW Resource and Reserve Statement FY25”
3 Includes Peak Hill Mineral Resource
Alkane Resources Ltd – Group Resources & Reserves Statement FY26 – 11 September 2026
Competent Persons
The information in this report that relates to the Björkdal, Tomingley and Costerfield Mineral Resource and Ore
Reserve Statements and is based on the ‘Björkdal Resources and Reserves Statement FY26 ’, ‘Tomingley Resource
and Reserve Statement FY26’ and ‘Costerfield Resources and Reserves Statement FY26’ all dated 11 September
2026. Those documents have been approved by Mr Chris Davis. Mr Davis is a Chartered Professional (Geology) of
the Australasian Institute of Mining and Metallurgy (MAusIMM CP(Geo)), and a Member of the Australian Institute of
Geoscientists (MAIG).
Mr Davis has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration
and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the “Australian
Code for Reporting of Exploration Results, Mineral Resources, and Ore Reserves” (JORC Code).
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 announcement relating to the Storheden Results has been
prepared under the supervision of, and approved by, Mr Chris Davis, who is a “qualified person” as defined in NI 43-
101. Mr Davis is employed by Alkane as Chief Geologist and, as an employee of Alkane, is not considered independent
of Alkane within the meaning of NI 43-101.
Mr Davis consents to the inclusion in this report of the matters based on his information in the form and context in
which they appear.
Investors outside Australia should note that while Ore Reserve and Mineral Resource estimates of the Company in
this announcement comply with the JORC Code 2012, they may not comply with the relevant guidelines in other
countries.
Technical Reports released to the TSX or for TSX Market
Alkane has prepared the following NI 43- 101 compliant technical reports which support the information contained
herein, each of which is available under Alkane’s profile on SEDAR+ at www.sedarplus.ca:
• ‘Boda-Kaiser Copper-Gold Project, New South Wales, Australia’ with an effective date of 6 June 2025;
• ‘Tomingley and Peak Hill Gold Projects, NSW, Australia’ dated 11 September 2026 with an effective date of 30
June 2026.
• ‘Costerfield NI 43-101 Technical Report’ dated 11 September 2026 with an effective date of 30 June 2026; and
• ‘NI 43-101 Technical Report, Björkdal Gold Mine, Sweden’ dated 11 September 2026, with an effective date of
30 June 2026.
Reference should be made to the full text of the foregoing technical reports for the assumptions, qualifications and
limitations relating to the Mineral Resource Estimates and Ore Reserves contained therein and herein. All material
assumptions and technical parameters underpinning the estimates in the technical reports continue to apply and have
not materially changed.
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.
Alkane Resources Ltd – Group Resources & Reserves Statement FY26 – 11 September 2026
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 ti ming 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.