Alkane Resources Ltd · ASX:ALK
Alkane Resources — Precious Metals Summit Beaver Creek 2025
33 slides from Alkane Resources's conference presentation, Sep 9, 2025
Slide 1: Precious Metals Summit & Mining Forum Americas Presentation
INVESTOR ANNOUNCEMENT and MEDIA RELEASE 9 September 2025 Precious Metals Summit & Mining Forum Americas Presentation Alkane Resources Limited (ASX: ALK; TSX: ALK; OTCQX: ALKEF) (‘Alkane’ or ‘the Company’) advises that Managing Director & CEO, Mr Nic Earner, will be presenting at the Precious Metals
Slide 2: Precious Metals Summit Beaver Creek
For personal use only SEPTEMBER 2025 Precious Metals Summit Beaver Creek Nic Earner – Managing Director & CEO
Slide 3: Important Notices and Disclaimer
Important Notices and Disclaimer This presentation is not an offer, invitation, solicitation or other recommendation with respect to the subscription for, purchase or sale of any security in Alkane Resources Limited (Alkane) in any jurisdiction and neither this presentation nor anything in it shall
Slide 4: Merger with Mandalay completed: a growing gold and antimony producer
Merger with Mandalay completed A growing gold and antimony producer ASX: ALK TSX: ALK OTCQX: ALKEF 1 Diversified production of 2 Improved capital market For personal use only Gold 161koz AuEq in FY2025, with positioning driving valuation guidance 160-175koz AuEq in re-rate Antimony FY20261 Market ca
Slide 5: A Strong Base to Grow a Mid-Tier Gold Company
A Strong Base to Grow a Mid-Tier Gold Company: 3 mines & 1 development project in premier jurisdictions ASX: ALK TSX: ALK OTCQX: ALKEF FY2025 PRODUCTION1 30 JUNE 2025 A$ CASH & BULLION 2 BODA-KAISER For personal use only koz AuEq A$ 70 161 60 214 154 91 TOMINGLEY NSW, Australia RESERVES4 RESOURCES4
Slide 6: Production and Cash (Jul24 – Jun25)
A Strong Base to Grow a Mid-Tier Gold Company: Production and Cash (Jul24 – Jun25) ASX: ALK TSX: ALK OTCQX: ALKEF For personal use only Alkane+Mandalay FY25 Production and Cash1 45,000 240 ~40k AuEq oz produced per quarter 40,000 220 Cash build of ~A$25m per 35,000 200 quarter 30,000 AuEq oz Product
Slide 7: Guidance (Jul25 – Jun26)
A Strong Base to Grow a Mid-Tier Gold Company: Guidance (Jul25 – Jun26)1 ASX: ALK TSX: ALK OTCQX: ALKEF Tomingley Costerfield Björkdal Consolidated For personal use only Gold produced Koz 75 – 80 40 – 45 40 – 44 155 – 170 Antimony produced Tonnes n/a 800 – 900 n/a 800 – 900 Gold equivalent produced
Slide 8: Organic Growth Potential Across Portfolio
A Strong Base to Grow a Mid-Tier Gold Company: Organic Growth Potential Across Portfolio ASX: ALK TSX: ALK OTCQX: ALKEF Cash continuing to build, even with high growth For personal use only Antimony exposure, largest western producer with nearly 20-year operating history Investing in Costerfield ext
Slide 9: Tomingley (Australia)
For personal use only Tomingley (Australia) HIGH-PERFORMING GOLD MINE POSITIONED FOR GROWTH 8
Slide 10: Tomingley Gold Mine (100%)
Tomingley Gold Mine (100%) Reliable, Long-term Production in NSW ASX: ALK TSX: ALK OTCQX: ALKEF • UG at Roswell, Caloma 1 and 2 For personal use only Current Mining • Future OP at San Antonio, Roswell • Paste fill at Roswell Saleable Product Gold doré • 1M tpa process plant, run-rate at 1.1M tpa Pro
Slide 11: Tomingley Gold Mine: Resource & Reserve Expansion
Tomingley Gold Mine (100%) Resource & Reserve Expansion ASX: ALK TSX: ALK OTCQX: ALKEF For personal use only San Antonio ‘Deeps’ Roswell down dip and Mcleans UG Corridor around historic Resource extension drilling at Caloma 2 and drilling north plunge extensions extensions Myalls mining and Caloma,
Slide 12: Costerfield (Australia)
For personal use only Costerfield (Australia) ONE OF THE WORLD’S HIGHEST-GRADE GOLD AND ANTIMONY MINES 11
Slide 13: Costerfield Gold-Antimony Mine (100%)
Costerfield Gold-Antimony Mine (100%) High Grade Narrow Vein Mining in Victoria ASX: ALK TSX: ALK OTCQX: ALKEF Current UG at Youle and Shepherd Mining For personal use only Saleable Gold gravity | Gold and antimony Product concentrate Processing 140,000 tpa 0.168 Moz Au | 11 kt Sb | 0.253 Moz Reserv
Slide 14: Brunswick South Discovery
Costerfield Gold-Antimony Mine Brunswick South Discovery1 ASX: ALK TSX: ALK OTCQX: ALKEF High-grade down-dip continuation of Brunswick South: 300m from existing underground infrastructure For personal use only 76.6 g/t Au over 0.49 m; Intercepted over 175 m strike length and 30 m down dip 265.0 g/t
Slide 15: True Blue Discovery
Costerfield Gold-Antimony Mine True Blue Discovery1 ASX: ALK TSX: ALK OTCQX: ALKEF High-grade hits, confirms structural and grade continuity: 627 g/t AuEq over 0.47 m; For personal use only 164 g/t AuEq over 0.30 m; 25 g/t AuEq over 3.10 m; and 20 g/t AuEq over 3.57 m New high-grade parallel vein di
Slide 16: Antimony: Global Critical Mineral in Short Supply
Antimony: Global Critical Mineral in Short Supply ASX: ALK TSX: ALK OTCQX: ALKEF Flame Retardants Renewable Power For personal use only Crucial in flame-retardant formulations, enhancing the fire resistance in fabrics, Solar panels, nuclear power plant shields, plastics, paint and other materials. w
Slide 17: Björkdal (Sweden)
For personal use only Björkdal (Sweden) LONG LIFE UNDERGROUND AND OPEN CUT GOLD MINE 16 16
Slide 18: Björkdal (100%): Long-term Production in Sweden
Björkdal (100%) Long-term Production in Sweden ASX: ALK TSX: ALK OTCQX: ALKEF Current For personal use only Underground Mining Saleable Gold concentrate Product Processing 1.4M tpa Reserves1 0.56 Moz Au (13.7Mt @ 1.28 g/t Au) Resources 1.42 Moz Au (20.8Mt @ 2.13 g/t Au) (MI) 1 FY2025 41.4 koz Au Pro
Slide 19: Near-Mine Exploration Recent Highlights
Björkdal Near-Mine Exploration Recent Highlights1 ASX: ALK TSX: ALK OTCQX: ALKEF For personal use only New High-Grade Skarn Discovery (Lake Zone): Near-mine, high grade domain offers short-term production potential o 34.2 g/t Au over 9.2 m; and o 53.5 g/t Au over 2.0 m Main Zone (Eastern Extension):
Slide 20: Boda-Kaiser (Australia)
For personal use only Boda-Kaiser (Australia) LARGE SCALE DEVELOPMENT PROJECT 19
Slide 21: Boda-Kaiser: A Significant Gold-Copper Project in a Premier Location
Boda-Kaiser (100%) A Significant Gold-Copper Project in a Premier Location ASX: ALK TSX: ALK OTCQX: ALKEF 14.7 Moz AuEq1 in Resources Next steps For personal use only ~65% in Indicated Category Water, infrastructure, flora and fauna studies are commencing July 2024 Scoping Study2 Key Outcomes - 20 M
Slide 22: Positioning for Growth: Deliverables for FY2026
Positioning for Growth Deliverables for FY2026 ASX: ALK TSX: ALK OTCQX: ALKEF For personal use only Deliver on production and consolidate costs Expand mineral resources at all three mine sites Tomingley – deliver growth projects, particularly Newell highway realignment Costerfield – progress permitt
Slide 23: Alkane: A Growing Mid-Tier Gold Company
Alkane: A Growing a Mid-Tier Gold Company ASX: ALK TSX: ALK OTCQX: ALKEF For personal use only Established producer 160k AuEq1 oz in FY2025 160 – 175k AuEq2 oz guidance FY2026 Strong cash generation Antimony exposure Growth and mine life extension investment underway 1. Refer to ALK Announcement dat
Slide 24: Thank You
For personal use only Thank You ALK Contact Information: ASX: ALK Natalie Chapman Corporate Communications Manager TSX: ALK +61 418 642 556 natalie.chapman@alkres.com OTCQX: ALKEF @alkane-resources-ltd @alkaneresources alkres.com 23
Slide 25: Appendix
For personal use only Appendix RESERVES AND RESOURCES STATEMENTS + ADDITIONAL MATERIAL 24
Slide 26: Corporate Profile
Corporate Profile ASX & TSX Listed ASX: ALK TSX: ALK OTCQX: ALKEF Capital Structure1,2 ASX share price (2025) For personal use only Ordinary Shares 1,364.9 million Share Price (8 Sep 2025) A$1.14 / C$1.03 Market Capitalisation A$1,556M / C$1,412.4M 12 Month low/high A$0.38/1.20 / C$0.35/1.08 Cash an
Slide 27: Board members
Board members Focused on delivering re-rate and driving growth ASX: ALK TSX: ALK OTCQX: ALKEF For personal use only Andrew Quinn Bradford Mills Dominic Duffy Frazer Bourchier Non-Executive Chair Non-Executive Director Non-Executive Director Non-Executive Director Ian Gandel Nic Earner Julia Beckett
Slide 28: Management team
Management team Across Australia and Sweden ASX: ALK TSX: ALK OTCQX: ALKEF For personal use only Nic Earner Jenna Mazza James Carter Brendan Ward Simon Parsons Ryan Austerberry Chris Davis Managing Director General Counsel Chief Financial General Manager – Executive General Chief Operating VP, Opera
Slide 29: Tomingley Reserves and Resources Statement
Tomingley Reserves and Resources Statement ASX: ALK TSX: ALK OTCQX: ALKEF Tomingley Gold Operations – Mineral Resources (at 30 June 2024) Tomingley Gold Operations – Ore Reserves (at 30 June 2024) For personal use only Measured Indicated Inferred Total Proved Probable Total Deposit Tonnes Grade Tonn
Slide 30: Tomingley Reserves and Resources Statement
Tomingley Reserves and Resources Statement ASX: ALK TSX: ALK OTCQX: ALKEF Tomingley Gold Extension Project – Mineral Resources (at 30 June 2024) Tomingley Gold Extension Project – Ore Reserves (at 30 June 2024) For personal use only Measured Indicated Inferred Total Proved Probable Total Deposit Ton
Slide 31: Costerfield Reserves and Resources Statement
Costerfield Reserves and Resources Statement1 ASX: ALK TSX: ALK OTCQX: ALKEF Costerfield (as to 31 Dec 2024)2 1. The equivalency is calculated by multiplying the contained antimony by an antimony price of $19,000/t and dividing by a gold price of $2,500/oz. This is then added to the contained gold f
Slide 32: Björkdal Reserves and Resources Statement
Björkdal Reserves and Resources Statement1 ASX: ALK TSX: ALK OTCQX: ALKEF Björkdal (as to 31 Dec 2024)2 Resources Category Tonnes (kt) Au (g/t) Au (koz) For personal use only 1. Björkdal Mineral Resources are estimated using drill hole and sample data as of September 30, 2024, and depleted for produ
Slide 33: Boda-Kaiser Reserves and Resources Statement
Boda-Kaiser Reserves and Resources Statement ASX: ALK TSX: ALK OTCQX: ALKEF Indicated Inferred Total Metal For personal use only Deposit Tonnes Au Cu Tonnes Au Cu Tonnes AuEq1 Au Cu AuEq1 Au Cu (Mt) (g/t) (%) (Mt) (g/t) (%) (Mt) (g/t) (g/t) (%) (Moz) (Moz) (Mt) Open Pittable Resources (cut-off 0.3g/
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