Alkane Resources Ltd · ASX:ALK
Alkane Resources — Noosa Mining Investor Conference 2025
31 slides from Alkane Resources's conference presentation, Jul 23, 2025
Slide 1: ASX and Media Release: Noosa Mining Investor Conference
ASX and MEDIA RELEASE 23 July 2025 Noosa Mining Investor Conference Alkane Resources Limited’s Managing Director and CEO, Mr Nic Earner, will be presenting at the Noosa Mining Investor Conference tomorrow, 24 July 2025, at 2:00pm (AEST) (12:00pm (AWST)). Mr Earner will provide an update on the Compa
Slide 2: Alkane Investor Presentation & Noosa Mining Investor Conference
For personal use only 24 JULY 2025 Alkane Investor Presentation & Noosa Mining Investor Conference MERGER WITH MANDALAY EXPECTED TO COMPLETE 5 AUGUST 2025
Slide 3: Important Notices and Disclaimer
Important Notices and Disclaimer Investor Presentation This investor presentation is dated 24 July 2025 and has been prepared jointly by Alkane Resources Limited (ASX: ALK) (Alkane) and Mandalay Resources Inc. (TSX:MND) (Mandalay) based on information available to them at the time of preparing this
Slide 4: Important Notices and Disclaimer: Forward-looking Statements
Important Notices and Disclaimer Forward-looking Statements These materials prepared by Alkane and Mandalay include forward-looking statements. Often, but not always, forward looking statements can generally be identified by the use of forward looking words such as “may”, “will”, “expect”, “intend”,
Slide 5: Important Notices and Disclaimer: Ore Reserves and Mineral Resources
Important Notices and Disclaimer Ore Reserves and Mineral Resources This presentation refers to the combined Ore Reserve and Mineral Resource estimate of Alkane and Mandalay and refers to the individual Ore Reserve (or Mineral Reserve for Mandalay) and Mineral Resource estimate of each of Alkane and
Slide 6: Proposed Merger of Equals
Proposed Merger of Equals Creates a growing gold and antimony producer ASX: ALK TSX: MND 1 Diversified production of 2 Improved capital market For personal use only 161koz AuEq in FY2025, growing positioning anticipated to Merger of Equals further in FY20261 drive valuation re-rate Increases Scale a
Slide 7: Deal Progressing Well and Expected to Close August
Deal Progressing Well and Expected to Close August 5 ASX: ALK TSX: MND Subject to obtaining Mandalay and Alkane shareholder approvals, final BC court approval and the satisfaction or waiver of other customary closing conditions the deal is anticipated to be completed on August 5, 2025. For personal
Slide 8: A Strong Base to Grow a Mid-Tier Gold Company: Operations in Premier Jurisdictions
A Strong Base to Grow a Mid-Tier Gold Company: 3 Operations in Premier Jurisdictions ASX: ALK TSX: MND FY2025 PRODUCTION1 30 JUNE 2025 A$ CASH & BULLION 1 For personal use only koz AuEq A$ 70 161 60 218 158 91 TOMINGLEY NSW, Australia RESERVES2,3 RESOURCES3 Jul 24 – Jun 25 Production Moz AuEq Moz Au
Slide 9: A Strong Base to Grow a Mid-Tier Gold Company: Production and Cash
A Strong Base to Grow a Mid-Tier Gold Company: Production and Cash ASX: ALK TSX: MND For personal use only Alkane+Mandalay FY25 Production and Cash 45,000 240 ~40k AuEq oz produced per 40,000 220 quarter 35,000 200 Targeted to grow through 30,000 FY2026 AuEq oz Production 180 A$ million 25,000 Cash
Slide 10: A Strong Base to Grow a Mid-Tier Gold Company: Internal Growth
A Strong Base to Grow a Mid-Tier Gold Company: Internal Growth ASX: ALK TSX: MND 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 extensions: o Increasing confidence in Tru
Slide 11: Costerfield
For personal use only Costerfield ONE OF THE WORLD’S RICHEST GOLD AND ANTIMONY MINES 10
Slide 12: Costerfield Gold-Antimony Mine (100%)
Costerfield Gold-Antimony Mine (100%) High Grade Narrow Vein Mining in Victoria ASX: ALK TSX: MND Current UG at Youle and Shepherd Mining For personal use only Saleable Gold gravity | Gold and antimony Product concentrate Mine Life 4 years with extension targeted Processing 140,000 tpa 0.168 Moz Au
Slide 13: Costerfield Gold-Antimony Mine: True Blue Discovery – July 25 Update
Costerfield Gold-Antimony Mine True Blue Discovery – July 2025 Update ASX: ALK TSX: MND 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 ve
Slide 14: Antimony: Global Critical Mineral in Short Supply
Antimony: Global Critical Mineral in Short Supply ASX: ALK TSX: MND 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. wind turbines,
Slide 15: Björkdal
For personal use only Björkdal LONG LIFE UNDERGROUND AND OPEN CUT GOLD MINE 14 14
Slide 16: Björkdal (100%): Long-term Production in Sweden
Björkdal (100%) Long-term Production in Sweden ASX: ALK TSX: MND Current For personal use only Underground Mining Saleable Gold concentrate Product Mine Life 10 years Processing 1.4M tpa Reserves 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 A
Slide 17: Björkdal: Near-Mine Exploration Highlights – July 2025
Björkdal Near-Mine Exploration Highlights – July 2025 ASX: ALK TSX: MND 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): Consiste
Slide 18: Tomingley
For personal use only Tomingley HIGH-PERFORMING GOLD MINE POSITIONED FOR GROWTH 17
Slide 19: Tomingley Gold Mine (100%): Reliable, Long-term Production in NSW
Tomingley Gold Mine (100%) Reliable, Long-term Production in NSW ASX: ALK TSX: MND • 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 Mine Life Beyond 2030 • 1M tpa process plant, run-rate at 1.1
Slide 20: Tomingley Gold Mine (100%): Resource & Reserve Expansion
Tomingley Gold Mine (100%) Resource & Reserve Expansion ASX: ALK TSX: MND 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, following min
Slide 21: Boda-Kaiser
For personal use only Boda-Kaiser LARGE SCALE DEVELOPMENT PROJECT 20
Slide 22: Boda-Kaiser (100%): A Significant Gold-Copper Project in a Premier Location
Boda-Kaiser (100%) A Significant Gold-Copper Project in a Premier Location ASX: ALK TSX: MND 14.7 Moz AuEq in Resources For personal use only ~65% in Indicated Category July 2024 Scoping Study1 Key Outcomes - 20 Mtpa Scenario 20 Mtpa +17 years Throughput Life of mine 35 kt/annum ~159 koz Au/annum Co
Slide 23: Growing a Mid-Tier Gold Company: Alkane and Mandalay
A Growing a Mid-Tier Gold Company: Alkane and Mandalay ASX: ALK TSX: MND For personal use only Established 160k AuEq oz producer Strong cash generation Antimony exposure Growth and mine life extension investment underway Potential for significant re-rate on ASX300 listing and GDXJ re-balancing Coste
Slide 24: Thank You
For personal use only Thank You ALK Contact Information: MND Contact Information: ASX: ALK Natalie Chapman Corporate Communications Manager Edison Nguyen Director, Business Valuations and IR TSX: MND +61 418 642 556 +1 (647) 258 9722 natalie.chapman@alkane.com.au e.nguyen@mandalayresources.com @alka
Slide 25: Appendix: Reserves and Resources Statements + Additional Material
For personal use only Appendix RESERVES AND RESOURCES STATEMENTS + ADDITIONAL MATERIAL 24
Slide 26: Transaction Summary
Transaction Summary ASX: ALK TSX: MND • Merger of Alkane and Mandalay via plan of arrangement under the Business Corporations Act (British Columbia) in an all-share Transaction transaction (the “Transaction”) For personal use only Structure • Pro forma basic ownership 45% Alkane and 55% Mandalay sha
Slide 27: Alkane Resources Reserves and Resources Statement: Tomingley Gold Operations
Alkane Resources Reserves and Resources Statement ASX: ALK TSX: MND 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 Tonnes Gra
Slide 28: Alkane Resources Reserves and Resources Statement: Tomingley Gold Extension Project
Alkane Resources Reserves and Resources Statement ASX: ALK TSX: MND 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 Tonnes Gr
Slide 29: Mandalay Resources Reserves and Resources Statement: Costerfield
Mandalay Resources Reserves and Resources Statement1 ASX: ALK TSX: MND Costerfield (as to Dec 31, 2024)2 1. The equivalency is calculated by multiplying the contained antimony by an antimony price of $19,000/t and dividing by a Category Tonnes (kt) Au (g/t) Sb (%) Au (koz) Sb (kt) For personal use o
Slide 30: Mandalay Resources Reserves and Resources Statement: Björkdal
Mandalay Resources Reserves and Resources Statement ASX: ALK TSX: MND Björkdal (as to Dec 31, 2024)1 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 producti
Slide 31: Boda-Kaiser Reserves and Resources Statement
Boda-Kaiser Reserves and Resources Statement ASX: ALK TSX: MND Indicated Inferred Total Metal For personal use only Deposit Tonnes Au Cu Tonnes Au Cu Tonnes AuEq Au Cu AuEq 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 19
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