Alkane Resources Ltd · ASX:ALK
Alkane Resources — Shareholder Meeting (November 2024)
44 slides from Alkane Resources's shareholder meeting presentation, Nov 26, 2024
Slide 1: Annual General Meeting
For personal use only Annual General Meeting Nic Earner Managing Director 26 November 2024 © 2024 Alkane Resources
Slide 2: Disclaimer
Disclaimer This presentation contains certain forward-looking statements and forecasts, including possible or assumed reserves and resources, production levels and rates, costs, prices, For personal use only future performance or potential growth of Alkane Resources Ltd, industry growth or other tre
Slide 3: Company Snapshot
Company Snapshot For personal use only Tomingley Boda-Kaiser (20Mtpa) FY25: A$1.78B 70K-80K oz Au pre-production capital $2,400-$2,600 AISC Cu 35,600 t From FY27: Au 159,300 oz 100K+ oz Au (pa) (pa for first 5yrs) $1,900-$2,100 AISC A$6.7B A$2.4B free NPV (7%) ~$115M cashflow capital for growth (pre
Slide 4: Highlights from the last year
Highlights from the last year Increased Roswell Reserve For personal use only Commenced stope ore production at Roswell Efficiency measures at Roswell implemented including new equipment, ore pass, UG crib, UG workshop and UG fuelling RSF2 built and operational Constructed the paste plant, construct
Slide 5: Corporate Profile
Corporate Profile Capital Structure Share Price 2024 For personal use only Ordinary Shares 603 million Share Price (25 November 2024) A$0.51 Market Capitalisation A$308M 12 Month low/high A$0.38/0.74 Cash and Gold Bullion (30 September 2024) ~A$51M Interest Bearing Debt Drawn (30 September 2024) ~A$6
Slide 6: Tomingley
For personal use only Tomingley
Slide 7: Tomingley Operation
Tomingley Operation FY25-29: ~$115M For personal use only 455,000-505,000 oz Au capital for growth $1,900-$2,100 AISC over next 18 mths Mine life to 1.5M oz Au 2030+ in resource
Slide 8: Capital Project Timing
Capital Project Timing Construction complete Commissioning complete For personal use only 2024 2025 2025 2025 2025 2026 2026 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Paste Plant Flotation & Regrind Open Cut Infrastructure Open Cut Mining Newell Highway Kyalite Road Process Plant Throughput
Slide 9: 2024-2026: A Transformational Period
2024-2026: A Transformational Period Quarter ending: Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 For personal use only Production Range (ozAu) 18,418 17,000–19,500 17,500–20,000 19,000–21,500 20,000–22,500 21,000–23,500 21,000–23,500 23,000–25,500 Milled Tonnes (kt) 264,370 260–290 260–2
Slide 10: Roswell Underground Levels
Roswell Underground Levels For personal use only (looking west) 955 855 740
Slide 11: New Underground Equipment
New Underground Equipment For personal use only
Slide 12: Paste Plant
For personal use only Paste Plant
Slide 13: Road Network
For personal use only Road Network
Slide 14: Flotation & Fine Grind Circuit
Flotation & Fine Grind Circuit For personal use only
Slide 15: Production Beyond Current Plan
Tomingley Production Beyond Current Plan • Mining has project approval to 2032, this can be extended For personal use only on application • Open cut reserves exist at San Antonio and Roswell beyond current five-year plan Production • Resources are open at depth under Roswell, San Antonio Drive ~2.5k
Slide 16: Boda-Kaiser
For personal use only Boda-Kaiser
Slide 17: Geology & Resource
Geology & Resource For personal use only • ~15M oz Au eq. in resource ALKANE RESOURCES | ASX:ALK 35
Slide 18: Summary Scoping Study Metrics
Summary Scoping Study Metrics Au @ A$4,000/oz For personal use only 20 Mtpa 17+ years A$1.8B Throughout (2 x 10 Mtpa) Life of Mine Capex (pre-production) 35,611 tpa 159,334 oz pa A$630.4 / oz Copper (first 5 years) Gold (first 5 years) AISC (with copper by-product credit) A$5.1B A$2.4B 29% 10-Year F
Slide 19: Boda-Kaiser
Boda-Kaiser For personal use only • Regional exploration opportunities (~$5m pa) • Environmental studies commenced • Further studies to reduce mining costs and assess potential for bulk-tonnage, underground mining • ~15M oz Au eq. in resource • Engaging with potential partners ALKANE RESOURCES | ASX
Slide 20: Looking Ahead
Looking Ahead Commission the paste plant and incorporate into the For personal use only mining sequence Optimise the flotation and fine grind circuit together with ore throughput Expand the Tomingley resource base through near mine and regional exploration Finalise solar plant construction and suppl
Slide 21: Company Summary
Company Summary For personal use only Tomingley Boda-Kaiser Substantial cash and increase gold production to 35,600 tonnes Cu 100,000 oz Au (pa) 159,300 oz Au (pa for first 5yrs) ~$115M capital for growth over next 18 months <4-year payback Alkane Environmental studies continuing 3 major projects ap
Slide 22: For personal use only
For personal use only @alkaneresources alkane-resources-ltd alkane.com.au
Slide 23: Board and Management
Board and Management For personal use only Ian Gandel Nic Earner Ian Chalmers Gavin Smith Anthony Lethlean James Carter Non-Executive Managing Technical Non-Executive Non-Executive CFO Chairman Director Director Director Director Dennis Wilkins Simon Parsons Rod Griffith Mike Sutherland Brendan Ward
Slide 24: Successful Explorers
Successful Explorers • Alkane draws on its extensive experience to create value through For personal use only mineral resource discoveries • Long term well-resourced team • Comprehensive databases • Detailed regional knowledge • Successful at developing its discoveries and will also transact or join
Slide 25: Tomingley Ore Reserves and Mineral Resources
TOMINGLEY GOLD EXTENSION PROJECT ORE RESERVES (at 30 June 2024) Tomingley Resources PROVED PROBABLE TOTAL DEPOSIT Tonnage Grade Tonnage Grade Tonnage Grade Gold (kt) (g/t Au) (kt) (g/t Au) (kt) (g/t Au) (koz) Open Pittable Reserves (cut-off 0.40g/t Au) Roswell 0 0.0 3,900 1.7 3,900 1.7 213 San Anton
Slide 26: Boda-Kaiser Resource
Boda-Kaiser Resource For personal use only Total Boda-Kaiser Grade-Tonnage Curve ALKANE RESOURCES | ASX:ALK 44
Slide 27: Exploration
For personal use only Exploration Presentation: FY24 AGM Ian Chalmers Technical Director 26 November 2024 © 2024 Alkane Resources
Slide 28: Disclaimer
Disclaimer For personal use only This presentation contains certain forward-looking statements and forecasts, including possible or assumed reserves and resources, production levels and rates, costs, prices, future performance or potential growth of Alkane Resources Ltd, industry growth or other tre
Slide 29: Previously reported information
Previously reported information For personal use only This document includes information that relates to previously reported results which were prepared in accordance with the requirements of the JORC Code (2012). This information was included in Alkane’s previous ASX announcements as follows: *1 An
Slide 30: FY24 Exploration Summary
FY24 Exploration Summary Tomingley Gold Project: For personal use only • 68,155m of underground grade control and resource expansion drilling at TGO. Inclusive of mining depletion, Resources and Reserves were lifted around 10%.(*1) • Exploration drilling completed at El Paso and Plains near-mine tar
Slide 31: Tomingley Gold Project
Tomingley Gold Project Tomingley Gold Operations For personal use only Total (M, I & I) Mineral Resources: 24.24Mt grading 2.16g/t Au (1,682,000oz)(*1) Total (P &P) Ore Reserves: 11.76Mt grading 1.9g/t Au (705,000oz)(*1) Regional Targets: Gravity, Mag, Seismic, ANT, Drilling programs. (*2) El Paso:
Slide 32: Tomingley – Resource and Reserve Expansion
Tomingley – Resource and Reserve Expansion For personal use only San Antonio ‘Deeps’ Roswell down dip and Mcleans UG Review of historic Myalls Continued UG reserve drilling at Wyoming drilling commenced north plunge extensions reserve drilling mining and drilling and Caloma, following mineralisation
Slide 33: TGO Underground Development
TGO Underground Development For personal use only Resource blocks with grade and underground development Resource Target ALKANE RESOURCES | ASX:ALK 51
Slide 34: Northern Molong Porphyry Project Regional Geology
Northern Molong Porphyry Project For personal use only Regional Geology • Regional airborne gravity survey confirmed that the volcanic sequence has been intruded by a number of monzonitic to dioritic complexes. As elsewhere in the belt, these intrusives are the cause of the extensive alteration and
Slide 35: Boda-Kaiser Geology
Boda-Kaiser Geology • Alkane has completed over 240,000 metres of drilling within For personal use only the NMPP since 2019. • Drilling has defined more than 3km of continuous calc- potassic alteration with Au-Cu mineralisation from Kaiser to Boda 2-3, up to 700m width. • Potassic pyrite zone (gold
Slide 36: Boda Geology and Mineralisation
Boda Geology and Mineralisation Selected Intercepts in Section (*9, 10 and 11) For personal use only KSDD028 832m grading 0.38g/t Au, 0.17% Cu from 256m incl 266m grading 0.66g/t Au, 0.36% Cu from 764m incl 65m grading 1.98g/t Au, 1.13% Cu from 799m incl 25m grading 4.43g/t Au, 2.59% Cu from 838m KS
Slide 37: Boda-Kaiser Indicated and Inferred Resources
Boda-Kaiser Indicated and Inferred Resources(*4) For personal use only *ASX Release 14 December 2023 & 29 April 2024. The equivalent calculation formula is AuEq(g/t) = Au(g/t) + Cu%/100*31.1035*copper price ($/t)/gold price($/oz). 12-month average metal prices were used of US$1,950/oz gold and US$8,
Slide 38: Boda 2-3 Deposit and High Grade Target
Boda 2-3 Deposit and High Grade Target • Boda 2-3 is classified as 10% Indicated For personal use only and 90% Inferred • BOD159 (*6) intercepted a chalcopyrite-cemented breccia of 65.5m @ 1.22g/t Au, 0.41% Cu from 1154.5m including 15.6m @ 4.37g/t Au, 1.31% Cu and is positioned outside the Boda MRE
Slide 39: NMPP District Exploration
NMPP District Exploration Porphyry clusters at all (alteration) levels (*6) For personal use only Haddington 4022RA138 - 2m @ 2.9g/t Au, 0.51% Cu from 4m NKRC3 - 18m @ 0.95g/t Au, 0.15% Cu from 64m, incl 2m @ 5.7g/t Au, 0.44% Cu Glen Hollow COMRC009 - 45m grading 0.87g/t Au, 0.24% Cu from 60m includ
Slide 40: South Junee Porphyry Project
South Junee Porphyry Project For personal use only Acquired by Alkane in May 2023. Work completed by Alkane includes review of magnetic, gravity and lithgeochem data from recon drilling. New airborne gravity survey to assist target definition. Existing drill results include:(*7) Imola CBD01 110m @ 0
Slide 41: For personal use only
For personal use only @alkaneresources alkane-resources-ltd alkane.com.au
Slide 42: Tomingley Resources and Reserves (FY24)
Tomingley Resources and Reserves (FY24) TOMINGLEY GOLD OPERATION MINERAL RESOURCES (as at 30 June 2024) TOMINGLEY GOLD OPERATION ORE RESERVES (as at 30 June 2024) For personal use only MEASURED INDICATED INFERRED TOTAL Total Total Gold PROVED PROBABLE TOTAL DEPOSIT Gold Tonnage Grade Tonnage Grade T
Slide 43: Peak Hill – Lithogeochemical Study
Peak Hill – Lithogeochemical Study For personal use only Super heated fluids and gases rise through fractures from intruding magma, react with wall rocks and cool. Resultant minerals highlight fluid outflow areas and vector to porphyry source. ALKANE RESOURCES | ASX:ALK 61
Slide 44: Boda – Kaiser Ounces per Vertical Metre
Boda – Kaiser Ounces per Vertical Metre Boda-Kaiser Combined MRE 2024 For personal use only AuEq (g/t) Vertical Profile OPVM & METRES DRILLED 0 5000 10000 15000 20000 25000 0 50 100 150 200 250 300 350 400 450 500 550 600 650 700 750 DEPTH (METRES) OPVM 800 850 Drill Support 900 950 1000 1050 1100 1
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