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Alkane Resources (ASX: ALK; TSX: ALK; OTCQX: ALKEF) announced the appointment of Denise McComish as an independent Non-Executive Director effective 1 December 2025.
Ms McComish will serve as Chair of Alkane's Audit & Risk Committee and brings extensive experience from a 30-year career as a partner at KPMG, plus current non-executive roles at Web Travel Group, Synergy and Beyond Blue. She previously served on boards including Gold Road Resources until its takeover by Gold Fields, Mineral Resources and Macmahon Holdings.
The company said the appointment adds governance, audit, risk and ESG capability to the board and authorised the release to the market.
Alkane Resources (OTC: ALKEF) reported Q1 FY2026 results for the quarter ended 30 September 2025 on 13 November 2025. Key highlights: $147.2M revenue, ~30,010 gold equivalent ounces sold, and $191M cash, bullion and listed investments after repaying a $45M bank facility and incurring $25M one‑off merger costs. The company completed its merger with Mandalay in early August and was admitted to the ASX 300. Consolidated adjusted EBITDA was $36.9M while consolidated net loss was $2.7M. Consolidated cash operating cost was $2,215/oz AuEq and AISC was $2,988/oz AuEq.
Alkane Resources (OTCQX: ALKEF) will release its Q1 FY2026 operating & financial results on 13 November 2025. Management — Managing Director & CEO Nic Earner and CFO James Carter — will host a conference call and webcast to discuss the results.
Investor participation details: Canada: 4:00pm EST, Thursday 13 November 2025; Australia: 8:00am AEDT, Friday 14 November 2025. Conference registration and a live webcast link will be available, and the presentation will be posted on alkres.com. Questions may be submitted ahead of the event to Natalie Chapman at natalie.chapman@alkres.com.
Alkane Resources (ASX:ALK; TSX:ALK; OTCQX:ALKEF) reported underground drilling updates at Tomingley, highlighting a new western andesite discovery at McLeans and extensive infill drilling at Roswell.
Key facts: McLeans drilling (9 holes, 3,247m) found a second andesite ~150m west of the current Inferred Resource; notable intercepts include 26m @ 4.36 g/t Au from 112m (MCLUG013D) and 0.5m @ 38.9 g/t Au from 332.5m (MCLUG010D). Roswell infill drilling (89 holes, 18,064m) targeted conversion to Indicated at a nominal 15m x 20m grid and returned multiple wide, high-grade intercepts including 7.9m @ 14.6 g/t Au and 1.1m @ 84.4 g/t Au (ROSUG584D).
Tomingley totals: Resources 19.23 Mt @ 2.2 g/t Au (1,358 koz); Ore Reserves 10.36 Mt @ 1.9 g/t Au (621 koz). Further drilling and resource updates planned, with surface programs starting November 2025.
Alkane Resources (OTCQX:ALKEF) reported a record operational quarter to 30 Sep 2025 after completing the merger with Mandalay on 5 Aug 2025. Group production was a record 30,511 AuEq oz at an AISC of A$2,988/AuEq oz (full three-month pro‑forma production 36,407 AuEq oz). Mine operating cash flow was A$73 million and cash, bullion and listed investments totaled A$191 million after repaying A$45 million debt and A$25 million of one‑off merger costs. FY2026 guidance for the combined group is 160–175koz AuEq at AISC A$2,600–2,900/AuEq oz. Key site notes: Tomingley Newell Highway works underway; True Blue and El Paso exploration intercepts reported; Björkdal faced summer interruptions.
Alkane Resources (OTC: ALKEF) updated its Mineral Resources and Ore Reserves as at 30 June 2025, prepared JORC Code compliant statements for Costerfield and Björkdal, and published MROR Statements for NSW, Costerfield and Björkdal.
Key figures: Group Mineral Resources total 850,009 kt at 0.45 g/t containing 12,143 koz gold and 1.46 Mt copper (Boda Kaiser). Group Ore Reserves total 23,947 kt at 1.7 g/t containing 1,313 koz gold and 10.7 kt antimony (Costerfield reserves include 537 kt at 8.7 g/t).
The company said it will incur substantial capital expenditure through the remainder of the financial year to add to resources, particularly at Costerfield.
Alkane Resources (OTC:ALKEF) announced on October 14, 2025 that Non-Executive Director Dominic Duffy has resigned from the Board to pursue other opportunities. The company said the Board is reviewing its composition and future appointments. Alkane Chair Andy Quinn thanked Mr Duffy for his contributions following the merger with Mandalay Resources, and the release was authorised by Managing Director Nic Earner.
This is a board-level personnel change; the company did not announce a replacement or indicate any immediate operational or financial impact.
Alkane Resources (OTC:ALKEF) reported 36,407 AuEq oz produced for the quarter 1 Jul–30 Sep 2025 (group basis) including 35,527 Au oz and 198 t antimony. Statutory production from 5 Aug–30 Sep 2025 was 30,511 AuEq oz. Cash, bullion and listed investments totaled A$191 million at quarter end after repayment of a A$45 million debt facility and incurring A$25 million one‑off merger transaction costs. Hedging of 7,250 oz of gold was filled during the quarter. FY2026 group production guidance of 160,000–175,000 AuEq oz at an AISC of A$2,600–A$2,900/AuEq oz remains unchanged. Further details to follow in the full September 2025 Quarterly Report.
Alkane Resources (OTCQX:ALKEF) has released its FY2026 guidance following its recent merger with Mandalay Resources. The company projects consolidated production of 160,000-175,000 gold equivalent ounces across its three operating mines: Tomingley, Costerfield, and Björkdal.
Key financial metrics include All-in Sustaining Costs (AISC) of A$2,600-A$2,900 per gold equivalent ounce. The company plans significant growth and exploration investments of A$81-91 million across its operations. Due to the merger completion date of August 5, 2025, statutory reported production (Attributable Guidance) is expected to be 155,000-168,000 gold equivalent ounces for FY2026.
Alkane Resources (OTCQX:ALKEF) reported strong financial results for FY2025, with a profit after tax of A$33 million, representing an 87% increase from the previous year. The company's gold production reached 70,120 ounces, up 23% year-over-year, with an all-in sustaining cost of A$2,561 per ounce.
Gold revenue surged 52% to A$262.4 million, driven by increased production and a 25% higher average sale price of A$3,770 per ounce. The company maintained a strong financial position with A$60.3 million in total assets, including cash, bullion, and listed investments.
Post-year-end, Alkane completed a strategic "merger of equals" with Mandalay Resources Corporation, positioning the company for enhanced production and growth opportunities in the upcoming fiscal year.
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