• Consolidated gold equivalent production of 30,511 ounces, up from 18,418 ounces in Q1 2025
• Record quarterly gold and antimony production of 29,965 ounces of gold and 124 tonnes of antimony
• Revenue of $147.2 million, up from $62.3 million in Q1 2025

Alkane Resources Ltd, an Australia-based gold and antimony producer, reported its Q1 FY2026 Management's Discussion and Analysis. The company's consolidated gold equivalent production was 30,511 ounces, up from 18,418 ounces in Q1 2025, mainly due to the addition of two months' of production from Björkdal and Costerfield following the combination with Mandalay Resources Corporation. Alkane produced a record 29,965 ounces of gold and 124 tonnes of antimony in Q1 2026. Revenue for the quarter was $147.2 million, compared to $62.3 million in Q1 2025, reflecting the increased production and gold sales as well as higher realized gold prices. Operating costs totaled $104.9 million, up from $36.7 million in Q1 2025, mainly due to the larger company size following the combination. Cash operating costs per ounce of gold equivalent produced were $2,215, compared to $1,819 in Q1 2025, impacted by higher processing costs at Tomingley and the addition of Björkdal and Costerfield. All-in sustaining costs per ounce of gold equivalent produced were $2,988, up from $2,157 in Q1 2025. The company ended the quarter with cash, bullion, and liquid investments of $191.3 million.

Alkane reiterates its Attributable Guidance of approximately 155,000 - 168,000 gold equivalent ounces in FY 2026 at an all-in sustaining cost range of $2,600 to $2,900 per ounce.