• Forecasts gold equivalent production of 160,000 - 175,000 ounces in FY2026
• Expects all-in sustaining costs of A$2,600 - A$2,900 per gold equivalent ounce
• Plans significant capital and exploration expenditures to drive organic growth

Alkane Resources Limited has announced its production, cost and growth and exploration expenditure guidance for the financial year ending 30 June 2026 (FY2026) for its three operating mines: Tomingley and Costerfield in Australia and Björkdal in Sweden. The company's guidance on the basis of 100% contribution from the three mines (Group Guidance) is 160,000 - 175,000 gold equivalent ounces at an all-in sustaining cost (AISC) of A$2,600 - A$2,900 per gold equivalent ounce. However, Alkane's statutory reported production and costs for FY2026 will reflect production and costs from Costerfield and Björkdal only from the date the merger with Mandalay Resources Corporation completed on 5 August 2025 (Attributable Guidance), which is 155,000 - 168,000 gold equivalent ounces. The company plans to maintain a disciplined approach to costs while investing significant capital and exploration to drive organic growth across its operations, funded by a robust pro forma cash position. FY2026 production at Tomingley is expected to be primarily from the Roswell deposit, at Costerfield from the Youle zone and Shepherd zone, and at Björkdal from the Main zone, Lake zone and lower Auroa zone. The company is also preparing its consolidated 2025 Annual Resources and Reserves Statement, which will be released soon.

Alkane's production and cost guidance for FY2026 is 160,000 - 175,000 gold equivalent ounces at an AISC of A$2,600 - A$2,900 per gold equivalent ounce. The company's statutory reported production for FY2026 will be 155,000 - 168,000 gold equivalent ounces.

Alkane remains focused on sustainable growth and delivering shareholder value following the completion of its transformational merger with Mandalay Resources. The company plans to maintain a disciplined approach to costs while investing significant capital and exploration to drive organic growth across its expanded operations.