Alkane Resources Delivers FY26 Production Guidance, Records Cash Flow, Proposes Maiden Dividend

• FY26 gold equivalent production reached 168,337 ounces, in the top half of guidance, at an all-in sustaining cost of $2,925 per ounce.
• Site operating cash flow was $567 million for the year, a record for the company.
• Alkane closed the year with $454 million in cash, bullion and listed investments.
• The Board has proposed Alkane's first ever dividend, 2 cents per share fully franked, subject to audit completion and final Board confirmation.
• FY27 guidance is set at 163,000 to 177,000 gold equivalent ounces, supported by a $160 million to $190 million growth capital programme covering Brunswick South and Storheden.

Alkane Resources (ASX:ALK; TSX:ALK; OTCQX:ALKRY) is an Australia-based gold and antimony producer with three operating mines across Australia and Sweden. Its assets are the Tomingley gold mine in Central West New South Wales, the Costerfield gold and antimony mine in Central Victoria, and the Björkdal gold mine in northern Sweden. Alkane also holds the Boda-Kaiser gold-copper project in New South Wales, with ongoing regional exploration around all its operating sites.

FY26 Full Year Production of 168,337 AuEq Ounces Delivered in Top Half of Guidance With Record Site Operating Cash Flow of $567 Million

Alkane produced 168,337 gold equivalent ounces for FY26, a measure that combines gold and antimony output based on their respective market values. This placed full year output in the top half of the company's guidance range. Tomingley contributed 82,973 ounces, Costerfield 44,527 ounces, and Björkdal 40,837 ounces.

Site operating cash flow for the year was $567 million, a record for the company. Site operating cash flow reflects the cash generated by the mines before corporate costs, tax and growth spending are deducted.

Managing Director and CEO Nic Earner said:

"It has been another great quarter for Alkane, producing 40,949 ounces of gold and 456 tonnes of antimony (42,491 ounces of gold equivalent) over the full quarter, which places full year FY26 production at 168,337 ounces of gold equivalent, in the top half of guidance."

Cash, Bullion and Listed Investments Balance of $454 Million Supporting Proposed Maiden Fully Franked Dividend of 2 Cents Per Share

Alkane ended FY26 with $454 million in combined cash, bullion and listed investments, made up of $432 million in cash, $7 million in bullion and $15 million in listed shares held in other resource companies. This balance rose each quarter through the year, from $191 million at the end of Q1 to $454 million at year end.

On this basis, the Board has proposed Alkane's first ever dividend, 2 cents per share, fully franked, in respect of FY26. A franked dividend carries a tax credit for Australian shareholders, reducing the tax payable on the amount received. The company does not have a fixed dividend policy but intends to pay sustainable dividends over time, having regard to commodity prices, capital requirements and growth opportunities. The dividend has not yet been declared and remains subject to audit completion, statutory dividend tests, and final Board confirmation.

Managing Director and CEO Nic Earner said:

"Reflecting this strong financial position and our confidence in the business, the Board has proposed Alkane's first ever dividend of 2 cents per share, fully franked."

FY27 Guidance of 163-177kozs AuEq With $160-190 Million Growth Capital Program Including Brunswick South and Storheden Development

Alkane has set FY27 production guidance of 163,000 to 177,000 gold equivalent ounces, at an all-in sustaining cost of $2,900 to $3,200 per ounce. All in sustaining cost covers the total expense of producing and sustaining each ounce, including mining, processing and the capital needed to keep operations running.

To support this guidance, the company has allocated growth capital of $160 million to $190 million for FY27, alongside $55 million to $65 million in exploration spending. The main growth projects are the development of Brunswick South at Costerfield, the start of development at Storheden near Björkdal, the Newell Highway diversion at Tomingley, and mining equipment replacements across the group.

Managing Director and CEO Nic Earner said:

"We expect to deliver consistent performance again next year, our full year FY27 guidance is 163-177kozs gold equivalent at an AISC of $2,900-$3,200 per ounce."

Milestones and Next Steps

FY26 included Alkane's inclusion in the S&P/ASX 200 index in April 2026 and the proposed maiden dividend. The dividend remains subject to completion of the annual audit, satisfaction of statutory dividend tests, and final Board confirmation. During the year, Alkane also executed new banking facilities, including a $110 million revolving credit facility and a $40 million contingent instrument facility. With FY27 guidance set and growth capital allocated to Brunswick South and Storheden, further updates on production, exploration and the dividend outcome are expected as the new financial year progresses.

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