Alkane Resources Declares Maiden Dividend and Approves $50 Million Share Buy-Back

• Alkane declares a maiden fully franked final dividend of 2.0 cents per share for FY26, the first in the company's history
• Dividend record date set for 8 September 2026, with payment due 1 October 2026
• Board approves an on-market share buy-back of up to $50 million over the next 12 months
• Company establishes a three-pillar capital allocation framework prioritising reinvestment, shareholder returns and balance sheet strength
• Announcement follows record production, revenue and profit for FY26 after the merger with Mandalay Resources

Alkane Resources (ASX: ALK, TSX: ALK, OTCQX: ALKRY) is an Australia-based gold and antimony producer operating three mines across two continents. Its assets include the Tomingley gold mine in central west New South Wales, the Costerfield gold and antimony operation in central Victoria, and the Björkdal gold mine in Sweden. The company also holds the Boda-Kaiser gold-copper project in New South Wales, where it has outlined a development pathway through a scoping study, along with further exploration in the surrounding region.

Declaration of Maiden 2.0 Cents Per Share Fully Franked Final Dividend for FY26

Alkane's board has approved a final dividend of 2.0 cents per share for FY26, fully franked, the company's first dividend since its founding. The board stated the decision reflects record financial performance in FY26 and the company's forecast cash flows. Being fully franked means the dividend carries a tax credit for eligible Australian shareholders, reflecting tax the company has already paid on its profits.

The dividend timetable has been set out for shareholders. Shares will trade ex-dividend from 7 September 2026, with the record date on 8 September 2026 and payment scheduled for 1 October 2026. Alkane has asked shareholders in Australia and New Zealand to update their banking details through Computershare's Investor Centre ahead of the record date, as payments will be made in the currency linked to the account on file.

The Board reserves the right to vary these dates in line with the relevant listing rules.

Approval of Up to $50 Million On-Market Share Buy-Back Programme Over Next 12 Months

Alkane's board has approved an on-market share buy-back of up to $50 million, to run over the next 12 months unless completed or terminated earlier. Purchases will be made through the ASX in compliance with Australian and Canadian securities laws, reflecting the company's dual listing.

The programme represents less than 3% of Alkane's shares on issue, placing it within the regulatory thresholds that do not require separate shareholder approval. 

The number of shares purchased, if any, will depend on prevailing share prices and market conditions, and will be executed at the company's discretion over the 12 month period. Full details have been lodged with the ASX in an Appendix 3C filing.

Three-Pillar Capital Allocation Framework Established Balancing Business Reinvestment, Shareholder Returns and Balance Sheet Strength

Alkane has established a capital allocation framework built around three priorities, listed in order: reinvestment in the business, increasing shareholder returns, and maintaining a strong balance sheet. The company stated that future shareholder returns will take into account earnings, cash flow and capital requirements at the relevant time.

Reinvestment is positioned as the top priority, covering ongoing exploration and development across Alkane's three operating mines and the Boda-Kaiser project. Shareholder returns, delivered through the dividend and buy-back, form the second pillar, while balance sheet strength is maintained as the third.

Alkane Managing Director and CEO Nic Earner said:

"In conjunction with our maiden 2.0cps fully franked dividend announced today, the Share Buy-Back is a clear signal of confidence in Alkane's ability to generate future cash flows and return capital to shareholders."

He added:

"As the business evolves, our capital management strategies evolve in unison. A maiden dividend and a Share Buy-Back together reward our shareholders while preserving the balance sheet strength to continue funding organic growth across the portfolio."

Milestones and Next Steps

The dividend and buy-back follow a year in which Alkane completed its merger with Mandalay Resources, bringing together three operating mines across two continents, and recorded production, revenue and profit for the combined group, closing FY26 with cash, bullion and listed investments of A$454 million. Shareholders should note the key dates ahead: the ex-dividend date of 7 September 2026, record date of 8 September 2026, and payment date of 1 October 2026. The share buy-back will proceed over the following 12 months, with purchases made at the company's discretion.

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