Slide 1: Q1 FY 2026 Earnings Conference Call
November 2025 Q1 FY 2026 Earnings Conference Call ASX: ALK | TSX:ALK | OTCQX:ALKEF 1
Slide 2: Important Notices and Disclaimer
Important Notices and Disclaimer ASX: ALK TSX: ALK OTCQX: ALKEF 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 present
Slide 3: Our Speakers
Our Speakers Nic Earner Jim Carter MANAGING DIRECTOR CHIEF FINANCIAL AND CEO OFFICER 3
Slide 4: A Growing Gold and Antimony Producer
A Growing Gold and Antimony Producer FIND. ENHANCE. DELIVER. ASX: ALK TSX: ALK OTCQX: ALKEF • Gold 1 Diversified production of 3 Improved capital market 161koz AuEq in FY2025, with positioning driving valuation • Antimony guidance 160-175koz AuEq in re-rate FY20261 • Scale Two mines, Costerfield and
Slide 5: Q1 FY2026: Consolidated Operations
Q1 FY2026: Consolidated Operations ASX: ALK TSX: ALK OTCQX: ALKEF On track to meet Guidance Q1 FY 2026 * Q1 FY 2025 ** Tonnes ore mined (t) 479,827 282,061 Mined ore - Gold grade (g/t) 2.27 2.38 - Antimony grade (%) 0.76 - Processed ore (t) 571,429 264,370 Processed ore – milled grade - Gold (g/t) 1
Slide 6: Q1 FY2026: Tomingley
Q1 FY2026: Tomingley HIGH-PERFORMING GOLD MINE POSITIONED FOR GROWTH ASX: ALK TSX: ALK OTCQX: ALKEF Operations Q1 FY 2026 Q1 FY 2025 Tonnes ore mined (t) 301,692 282,061 Mined ore gold grade (g/t) 2.27 2.38 Processed ore (t) 314,970 264,370 Processed ore – milled 2.15 2.44 head grade gold (g/t) Reco
Slide 7: Q1 FY2026: Björkdal
Q1 FY2026: Björkdal LONG LIFE UNDERGROUND AND OPEN CUT GOLD MINE ASX: ALK TSX: ALK OTCQX: ALKEF Operations Q1 FY 20261 Tonnes ore mined (t) 153,303 Mined ore gold grade (g/t) 1.26 Processed ore (t) 233,789 Processed ore – milled head grade gold 0.94 (g/t) Recovery gold (%) 85.56 Gold production (oz)
Slide 8: Q1 FY2026: Costerfield
Q1 FY2026: Costerfield ONE OF THE WORLD’S HIGHEST-GRADE GOLD AND ANTIMONY MINES ASX: ALK TSX: ALK OTCQX: ALKEF Operations Q1 FY 2026 1 Tonnes ore mined (t) 24,832 Mined ore - Gold grade (g/t) 8.5 - Antimony grade (%) 0.76 Processed ore (t) 22,671 Processed ore – milled head grade - Gold (g/t) 8.48 -
Slide 9: Exploration: Tomingley
Exploration: Tomingley RESOURCE EXPANSION ASX: ALK TSX: ALK OTCQX: ALKEF • UG at Roswell, Caloma 1 and 2 Current Mining • Future OP at San Antonio, Roswell • Paste fill at Roswell Reserves1 0.621 Moz (10.36 Mt @ 1.9 g/t Au) Resources (MI+I)1,2 1.467 Moz (20.25 Mt @ 2.25 g/t Au) Roswell, Caloma, Calo
Slide 10: Exploration: Björkdal
Exploration: Björkdal LONG-TERM PRODUCTION IN SWEDEN ASX: ALK TSX: ALK OTCQX: ALKEF Current Underground Mining Reserves1 0.54 Moz Au (13.1Mt @ 1.29 g/t Au) Resources 1.40 Moz Au (20.4Mt @ 2.14 g/t Au) (MI) 1,2 Large gold system with long reserve life Exploration for higher grade zones at: • North Zo
Slide 11: Exploration: Costerfield
Exploration: Costerfield HIGH GRADE NARROW VEIN MINING IN VICTORIA ASX: ALK TSX: ALK OTCQX: ALKEF Current UG at Youle and Mining Shepherd 0.150 Moz Au | 11 kt Sb | Reserves1 0.231 Moz AuEq (0.54Mt @ 8.7 g/t Au and 2.0% Sb) 0.30 Moz Au | 30 kt Sb | Resources 0.526 Moz AuEq (1.162Mt (MI)1,2 @ 8.0 g/t
Slide 12: Boda-Kaiser
Boda-Kaiser A SIGNIFICANT GOLD-COPPER PROJECT IN A PREMIER LOCATION ASX: ALK TSX: ALK OTCQX: ALKEF 14.7 Moz AuEq1 in Resources Exploration ~65% in Indicated Category • Northern Molong Porphyry • Boda 2-3 and Driell Creek • Q2 FY2026: drilling and Mobile MT survey July 2024 Scoping Study2 Key Outcome
Slide 13: Q1 FY2026: Financial Highlights
Q1 FY2026: Financial Highlights1 FINANCIAL STRENGTH TO DELIVER GROWTH ASX: ALK TSX: ALK OTCQX: ALKEF Australian dollar unless otherwise noted Q1 FY 2026 * Q1 FY 2025 ** Revenue $147.2 $62.3 Gold price realised A$ / oz $4,896 $3,422 U.S. $ / oz $3,182 $2,224 Antimony price realised A$ / t $35,646 - U
Slide 14: Q1 FY2026: Cash Flows
Q1 FY2026: Cash Flows1 ROBUST CASH FLOW GENERATING OPERATIONS ASX: ALK TSX: ALK OTCQX: ALKEF Accomplishments • Trading on the TSX (“ALK”) • Inclusion on the ASX 300 Alkane closed the quarter with cash, bullion and liquid investments of A$191 million – comprising $160 million in total cash, bullion (
Slide 15: FY2026 Guidance
FY2026 Guidance1 A STRONG BASE TO GROW A MID-TIER GOLD ASX: ALK TSX: ALK OTCQX: ALKEF Tomingley Costerfield Björkdal Consolidated FY26 Deliverables Gold produced Koz 75 – 80 37 – 41 37 – 40 149 – 161 • Meet guidance Antimony produced Tonnes n/a 750 – 850 n/a 750 – 850 • Expand mineral resources • To
Slide 16: Our Merger is Delivering
Our Merger is Delivering ASX: ALK TSX: ALK OTCQX: ALKEF Benefits of merger with Mandalay Resources Increased scale of operations Re-rating of the share price Stronger platform for growth New leadership 16
Slide 17: Q&A
Q&A ASX: ALK TSX: ALK OTCQX: ALKEF Q&A Nic Earner Jim Carter MANAGING DIRECTOR CHIEF FINANCIAL AND CEO OFFICER 17
Slide 18: Contact information
Contact information Natalie Chapman ASX: ALK Corporate Communications Manager +61 8 9227 5677 TSX: ALK info@alkres.com @alkane-resources-ltd @alkaneresources OTCQX: ALKEF alkres.com 18
Slide 19: Appendix
Appendix RESERVES AND RESOURCES STATEMENTS 19 19
Slide 20: Tomingley Reserves and Resources Statement
Tomingley Reserves and Resources Statement1 ASX: ALK TSX: ALK OTCQX: ALKEF Tomingley Gold Operations – Mineral Resources (at 30 June 2025) Tomingley Gold Operations – Ore Reserves (at 30 June 2025) Measured Indicated Inferred Total Proved Probable Total Deposit Tonnes Grade Tonnes Grade Tonnes Grade
Slide 21: Tomingley Reserves and Resources Statement
Tomingley Reserves and Resources Statement1 ASX: ALK TSX: ALK OTCQX: ALKEF Peak Hill Gold Project – Mineral Resources (at 30 June 2025) Resource Gold Grade Gold Metal Copper Metal Deposit Cut-Off Tonnes (Mt) Category (g/t) (koz) (%) Proprietary U/G Inferred 2g/t Au 1.02 3.29 108 0.15 TOTAL 1.02 3.29
Slide 22: Costerfield Reserves and Resources Statement
Costerfield Reserves and Resources Statement1 ASX: ALK TSX: ALK OTCQX: ALKEF Resources Tonnes 1. The Mineral Resource is estimated as at 31 Dec 2024 with depletion through to 30 June 2025. Category Au (g/t) Sb (%) Au (koz) Sb (kt) 2. The Mineral Resource is stated according to JORC (2012) and is who
Slide 23: Björkdal Reserves and Resources Statement
Björkdal Reserves and Resources Statement1 ASX: ALK TSX: ALK OTCQX: ALKEF Björkdal Gold Mine – Mineral Resources (at 30 June 2025) Björkdal Gold Mine – Ore Reserves (at 30 June 2025) Measured Indicated Inferred Total Proved Probable Total Deposit Tonnes Grade Tonnes Grade Tonnes Grade Tonnes Grade G
Slide 24: Boda-Kaiser Reserves and Resources Statement
Boda-Kaiser Reserves and Resources Statement1 ASX: ALK TSX: ALK OTCQX: ALKEF Indicated Inferred Total Metal 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/t AuEq) Boda 191 0.36