• Infill and extension drilling significantly extended the known size of the Kendal vein system
• The Kendal veins contain areas of very high gold and antimony grade
• Development to access the newly extended Kendal system began in late 2025 and is ongoing

Alkane Resources Limited is pleased to announce the latest exploration results for the extension and infill drilling of the Kendal deposit adjoining the currently mined Youle deposit at its Costerfield Operation in central Victoria, Australia. The Kendal system is the antimony-rich, up-dip continuation of the high-grade Youle and Shepherd deposits, where mining is currently underway at Costerfield. Infill and extension drilling over the past year has significantly extended the known size of the vein system, both offset from and adjacent to historic mine workings. The Kendal veins contain areas of very high gold and antimony grade that have historically correlated with higher production rates. Development to access the newly extended Kendal system began in late 2025 and is ongoing as extension drilling continues. The drilling results obtained from the Kendal deposit over the past year demonstrate the large potential remaining for significant high-grade mineralisation at shallow levels near to the Costerfield mine. Accessing and mining the newly defined mineralisation is a top priority for the Costerfield team and should provide the processing plant with an additional source of high-grade gold and antimony ore for some time to come.