FY26 Group production guidance delivered, record cashflow and maiden dividend proposed

About this update from Alkane Resources Ltd

Cash of $432 million – A$104 million increase for the quarter PERTH, Australia, July 20, 2026 (GLOBE NEWSWIRE) -- Alkane Resources Limited (ASX:ALK; TSX:ALK; OTCQX:ALKRY) ('Alkane' or 'the Company') is pleased to present its Quarterly Activities Report for the period ending 30 June 2026 ('Q4 FY26'): Operations Exploration Finance and Corporate Managing Director and CEO, Nic Earner, commented: "It has been another great quarter for Alkane, producing 40,949 ounces of gold and 456 tonnes of antimony (42,491 ounces of gold equivalent) over the full quarter, which places full year FY26 production at 168,337 ounces of gold equivalent, in the top half of guidance. Our site operating cashflow was $174 million for the quarter, resulting in a balance sheet with $454 million in cash, bullion and listed investments at quarter end. Reflecting this strong financial position and our confidence in the business, the Board has proposed Alkane's first ever dividend of 2 cents per share, fully franked — a significant milestone for the Company and a tangible return to the shareholders who have supported our growth. We expect to deliver consistent performance again next year, our full year FY27 guidance is 163-177kozs gold equivalent at an AISC of $2,900-$3,200 per ounce." Q4 FY2026 OPERATING & FINANCIAL RESULTS WEBCAST The Managing Director & CEO, Mr Nic Earner, and CFO, Mr James Carter, will host a conference call and webcast to discuss these results. Details to participate are as follows: The accompanying presentation slides will be available on the Company's website – HERE. A replay of the webcast will be available on the Company's website – HERE. GROUP SUMMARY STATUTORY REPORTING PERIOD1,2 Gold-Antimony Production Alkane produced 40,949 ounces of gold and 456 tonnes of antimony in Q4 FY26, resulting in a Group quarterly production of 42,491 gold equivalent ounces (Q3 FY26: 45,776 AuEq oz) at an AISC of $3,011/AuEq oz (Q3 FY26: $2,928/AuEq oz)1. Production during the quarter was lower than Q3 FY26, driven by normal, planned, grade variation across the group. Alkane processed 693,607 tonnes of ore in total at an average gold grade of 2.07g/t Au producing 40,949oz of gold. Tomingley processed 325,689 tonnes of ore with an average gold grade of 2.27g/t. At Costerfield, the average grade of gold was 9.32g/t, and the average grade of antimony was 1.40%, with 36,441 tonn...

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