Alkane Resources forecasts strong gold and antimony production growth for FY2026

Alkane Resources Limited has set its FY2026 production guidance at 160,000 – 175,000 AuEq ounces at an AISC of A$2,600 – A$2,900 per AuEq ounce. This reflects the full contribution from Tomingley, Costerfield, and Björkdal operations. Post-merger with Mandalay Resources Corporation on August 5, 2025, the statutory reported production guidance for FY2026, encompassing Costerfield and Björkdal, stands at 155,000 – 168,000 AuEq ounces. The company aims for diversified production from Australia and Sweden.

The financial guidance is underpinned by a robust balance sheet with a combined cash and bullion balance of A$214 million and debt of A$70 million as of June 30, 2025. Alkane plans to continue investing in organic growth through exploration at all three producing mines and to advance its large Boda-Kaiser copper-gold project. The company has also outlined its strategy for FY2026, which includes delivering on production targets, expanding mineral resources, progressing permitting for True Blue at Costerfield, opening new mining areas and lifting mining rates at Björkdal, and initiating environmental studies for Boda-Kaiser.

Additionally, Alkane has provided NI 43-101 Technical Reports for its Costerfield and Björkdal operations, with effective dates of December 31, 2024. These reports detail mineral resource and reserve estimates, mining methods, processing, and environmental considerations for both mines.