• Group record quarterly production of 30,511 gold equivalent ounces
• Repayment of A$45 million debt and one-off merger related costs of A$25 million
• Cash, bullion and listed investment balance of A$191 million

Alkane Resources Limited's (ASX:ALK; TSX:ALK; OTCQX:ALKEF) Quarterly Activities Report for the period ending 30 September 2025 (Q1 FY26) highlights a significant quarter with the merger with Mandalay Resources completing in early August. Alkane now has three operating mines - Tomingley, Costerfield, and Björkdal - which together produced 36,407 ounces of gold equivalent over the full quarter. The company reported a Group record quarterly production of 30,511 gold equivalent ounces at an AISC of $2,988/AuEq oz during the transitional quarter, which included only 2 months of production from Björkdal and Costerfield. Alkane generated A$147 million in revenue from gold equivalent sales of 30,010 ounces at an average gold price of A$4,896/oz and an average antimony price of A$35,646/t. The company closed the quarter with cash, bullion and liquid investments of A$191 million, after the repayment of the A$45 million debt facility and one-off merger related costs of A$25 million. Alkane's operations generated A$73 million of mine operating cashflows during the quarter.

Alkane's Full Year Group Guidance is on track for 160-175kozs AuEq at AISC A$2,600-2,900/AuEq oz, reflecting production from Costerfield and Björkdal from July 2025.