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Alkane Resources (OTCQX:ALKEF) has updated investors on its FY2026 Production Guidance and Annual Resources and Reserves Statement following its merger with Mandalay Resources. The company anticipates releasing its FY2026 Production Guidance in September, with efforts underway to convert mineral estimates for its Costerfield and Björkdal operations from NI 43-101 to JORC Code compliance.
For FY2025, Costerfield churned out 38,037 ounces of gold and 817 tonnes of antimony, translating to 49,351 gold equivalent ounces. Björkdal contributed a solid 41,364 ounces of gold. In a somewhat surprising move, Alkane retracted previously issued mine life information for both Costerfield and Björkdal, cautioning investors against relying on these figures for investment decisions.
The revenue streams combined nicely, with both operations pulling in US$264.9 million for FY2025. Costerfield accounted for US$136.8 million, while Björkdal added US$128.1 million to the coffers.
Alkane Resources (OTCQX:ALKEF) ha fornito aggiornamenti sulla Guidance di produzione per l’esercizio fiscale 2026 e sulla Dichiarazione annuale di risorse e riserve a seguito della fusione con Mandalay Resources. La società prevede di pubblicare la Guidance per l’anno fiscale 2026 a settembre e sta lavorando alla conversione delle stime minerarie di Costerfield e Björkdal dalla norma NI 43-101 al codice JORC.
Per l’anno fiscale 2025, Costerfield ha prodotto 38.037 once d’oro e 817 tonnellate di antimonio, per un totale di 49.351 once equivalenti d’oro. Björkdal ha consegnato 41.364 once d’oro. La società ha inoltre ritirato le precedenti indicazioni sulla durata della vita delle miniere per entrambe le operazioni, chiedendo agli investitori di non basare le decisioni su quelle stime.
I ricavi combinati delle due attività nel FY2025 sono stati di US$264,9 milioni, di cui US$136,8 milioni da Costerfield e US$128,1 milioni da Björkdal.
Alkane Resources (OTCQX:ALKEF) informó actualizaciones sobre su guía de producción para el año fiscal 2026 y su Estado anual de recursos y reservas tras la fusión con Mandalay Resources. La compañía espera publicar la guía FY2026 en septiembre y está trabajando en convertir las estimaciones minerales de Costerfield y Björkdal de NI 43-101 a cumplimiento con el código JORC.
Para el FY2025, Costerfield produjo 38.037 onzas de oro y 817 toneladas de antimonio, resultando en 49.351 onzas equivalentes de oro. Björkdal entregó 41.364 onzas de oro. La empresa además retiró la información previamente indicada sobre la vida útil de las minas para ambas operaciones, advirtiendo a los inversores que no se basen en esas estimaciones para tomar decisiones.
Los ingresos combinados de ambas operaciones en FY2025 alcanzaron US$264,9 millones, con US$136,8 millones de Costerfield y US$128,1 millones de Björkdal.
Alkane Resources (OTCQX:ALKEF)는 Mandalay Resources와의 합병 이후 2026 회계연도 생산 가이던스 및 연간 자원·매장량 보고서에 대한 업데이트를 발표했습니다. 회사는 2026 회계연도 생산 가이던스를 9월에 발표할 예정이며 Costerfield와 Björkdal의 광상 추정치를 NI 43-101에서 JORC 규정 준수로 전환하는 작업을 진행 중입니다.
2025 회계연도에 Costerfield는 금 38,037온스와 안티모니 817톤을 생산해 금 환산 49,351온스를 기록했습니다. Björkdal는 금 41,364온스를 생산했습니다. 회사는 또한 양 광산의 수명 관련 이전 발표를 철회하고 투자자들에게 해당 추정치를 투자 판단의 근거로 삼지 말 것을 권고했습니다.
FY2025에 두 광산의 합산 매출은 미화 2억6490만 달러(US$264.9 million)로, Costerfield가 미화 1억3680만 달러, Björkdal이 미화 1억281만 달러를 기여했습니다.
Alkane Resources (OTCQX:ALKEF) a publié des mises à jour concernant ses prévisions de production pour l’exercice 2026 et sa déclaration annuelle de ressources et réserves suite à sa fusion avec Mandalay Resources. La société prévoit de publier la guidance FY2026 en septembre et travaille à convertir les estimations minières de Costerfield et Björkdal de la norme NI 43-101 vers la conformité au code JORC.
Pour l’exercice 2025, Costerfield a produit 38 037 onces d’or et 817 tonnes d’antimoine, soit 49 351 onces équivalentes d’or. Björkdal a livré 41 364 onces d’or. La société a également retiré les informations précédemment communiquées sur la durée de vie des mines pour les deux sites, invitant les investisseurs à ne pas se fier à ces estimations pour leurs décisions d’investissement.
Le chiffre d’affaires combiné des deux opérations pour FY2025 s’est élevé à 264,9 M$ US, dont 136,8 M$ US pour Costerfield et 128,1 M$ US pour Björkdal.
Alkane Resources (OTCQX:ALKEF) gab nach dem Zusammenschluss mit Mandalay Resources Aktualisierungen zur Produktionsprognose für das Geschäftsjahr 2026 sowie zur jährlichen Ressourcen- und Reservenerklärung bekannt. Das Unternehmen plant, die Produktionsprognose für FY2026 im September zu veröffentlichen und arbeitet daran, die Mineralabschätzungen für Costerfield und Björkdal von NI 43-101 auf JORC-Code-Konformität umzustellen.
Für FY2025 hat Costerfield 38.037 Unzen Gold und 817 Tonnen Antimon produziert, was 49.351 Goldäquivalent-Unzen ergibt. Björkdal lieferte 41.364 Unzen Gold. Das Unternehmen zog zudem zuvor angegebene Angaben zur Lebensdauer der Bergwerke für beide Standorte zurück und riet Anlegern, sich nicht auf diese Schätzungen für Investitionsentscheidungen zu verlassen.
Die kombinierten Umsätze beider Betriebe beliefen sich in FY2025 auf US$264,9 Millionen, wobei Costerfield US$136,8 Millionen und Björkdal US$128,1 Millionen beisteuerte.
Positive
Combined FY2025 revenue of US$264.9 million from Costerfield and Björkdal operations
Strong gold recovery rates: Costerfield (92-94%) and Björkdal (84-87%)
Consistent quarterly production improvements at Björkdal, reaching 11,183 oz in Q4
Negative
Retraction of previously announced mine life information for both operations
Quarter-over-quarter decline in antimony production at Costerfield from 267 to 137 tonnes
Conversion required from NI 43-101 to JORC Code compliance causing reporting delays
08/18/2025 – 04:03 AM
PERTH, Australia, Aug. 18, 2025 (GLOBE NEWSWIRE) — Alkane Resources Limited (ASX:ALK; TSX:ALK; OTCQX:ALKEF) is setting the stage for its FY2026 production guidance, while also clarifying its FY2025 performance. Here’s the lowdown:
**Production Outlook and Reporting Standards**
Following its merger with Mandalay Resources, Alkane is carefully calibrating its FY2026 budget. Expect production guidance to drop in September, according to company statements.
In a move aimed at streamlining reporting, Alkane is also working to align its mineral resources and reserves estimates for Costerfield and Björkdal with the JORC Code, in addition to maintaining NI 43-101 compliance. This simultaneous reporting standard ensures transparency for all stakeholders.
**FY2025: A Look Back**
Alkane’s Costerfield operation produced 38,037 ounces of gold and 817 tonnes of antimony. Across the globe, the Björkdal mine delivered 41,364 ounces of gold.
**Mine Life Estimates: A Correction**
In a notable revision, Alkane retracted previously released “Life of Mine” projections for Costerfield and Björkdal. The company now advises investors *not* to rely on these earlier estimates for investment decisions. The retracted figures, featured in earlier investor presentations, were based on dividing existing reserves (JORC compliant for Tomingley, NI 43-101 for Costerfield and Björkdal) by current processing capacity, which Alkane clarifies was not intended as a production target. The company stated it will refrain from offering estimates determined in this manner in future releases.
**Figure 1: Costerfield and Björkdal FY2025 Quarterly and Annual Production Figures**
Costerfield
Tonnes
36,769
41,250
25,618
39,582
143,219
g/t
7.25
11.33
9.54
8.75
Tonnes
1.07
1.39
0.75
0.58
Tonnes
34,754
35,044
34,428
32,756
136,982
g/t
8.09
11.82
9.60
8.57
%
1.33
1.38
0.92
0.83
%
94.47
94.67
93.14
92.67
%
89.39
90.62
85.03
80.30
Ounces
8,218
12,125
9,549
8,145
38,037
Tonnes
252
267
161
137
817
Ounces
10,697
15,768
11,515
11,371
49,351
Ounces
10,761
16,594
13,738
9,787
50,880
US$(000s)
27,302
44,200
39,653
25,687
136,842
US$(000s)
(9,740)
(18,890)
(12,925)
(7,923)
(49,478)
Björkdal
Tonnes
219,402
229,170
225,187
236,904
910,663
g/t
1.23
1.32
1.36
1.31
Tonnes
352,390
343,423
355,075
349,846
1,400,734
g/t
0.96
1.05
1.09
1.07
%
84.77
85.78
87.04
86.32
Ounces
9,626
9,728
10,827
11,183
41,364
Ounces
10,790
8,380
12,041
11,460
42,671
US$(000s)
27,987
22,601
38,410
39,083
128,081
US$(000s)
(16,171)
(13,504)
(18,493)
(19,100)
(67,268)
This document has been authorised for release to the market by Nic Earner, Managing Director and CEO.
ABOUT ALKANE ‐ www.alkane.com.au ‐ ASX:ALK | TSX: ALK | OTCQX: ALKEF
Alkane Resources (ASX:ALK; TSX:ALK; OTCQX:ALKEF) is an Australia-based gold and antimony producer with a portfolio of three operating mines across Australia and Sweden, boasting a solid balance sheet and positioning itself for future growth.
Alkane’s wholly owned producing assets are the Tomingley open pit and underground gold mine in New South Wales, the Costerfield gold and antimony underground mining operation in Central Victoria, and the Björkdal underground gold mine in Sweden. Ongoing near-mine regional exploration continues to grow resources at all three operations.
Alkane also owns the very large gold-copper porphyry Boda-Kaiser Project in Central West New South Wales and has outlined an economic development pathway in a Scoping Study. The Company has ongoing exploration within the surrounding Northern Molong Porphyry Project
*Disclaimer*
*This announcement contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation and may include future-oriented financial information or financial outlook information (collectively “Forward-Looking Information”). Actual results and outcomes may vary materially from the amounts set out in any Forward-Looking Information. As well, Forward-Looking Information may relate to: future outlook and anticipated events; expectations regarding exploration potential; production capabilities and future financial or operating performance, including AISC, investment returns, margins and share price performance; production and cost guidance and the timing thereof; issuing updated resources and reserves estimate and the timing thereof; transitioning the Costerfield and Björkdal projects to JORC Code compliant reporting and the timing thereof; the potential of the Company to meet industry targets, public profile and expectations; and future plans, projections, objectives, estimates and forecasts and the timing related thereto. Forward-Looking Information is generally identified by the use of words like “will”, “create”, “enhance”, “improve”, “potential”, “expect”, “upside”, “growth” and similar expressions and phrases or statements that certain actions, events or results “may”, “could”, or “should”, or the negative connotation of such terms, are intended to identify Forward-Looking Information. Although Alkane believes that the expectations reflected in the Forward-Looking Information are reasonable, undue reliance should not be placed on Forward-Looking Information since no assurance can be provided that such expectations will prove to be correct. Forward-Looking Information is based on information available at the time those statements are made and/or good faith belief of the officers and directors of Alkane as of that time with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in or suggested by the Forward-Looking Information. Forward-Looking Information involves numerous risks and uncertainties. Such factors include, without limitation: risks relating to changes in the gold and antimony price. Forward-Looking Information is designed to help readers understand Alkane’s views as of that time with respect to future events and speak only as of the date they are made. Except as required by applicable law, Alkane assumes no obligation to update or to publicly announce the results of any change to any forward-looking statement contained or incorporated by reference herein to reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting the Forward-looking Information. If Alkane updates any one or more forward-looking statements, no inference should be drawn that the company will make additional updates with respect to those or other Forward-looking Information. All Forward-Looking Information contained in this announcement is expressly qualified in its entirety by this cautionary statement.*
*______________*
1 National Instrument 43-101 – Standards of Disclosure for Mineral Projects (‘NI 43-101’).
2 Refer Schedule 1 of Alkane’s ASX Announcement titled ‘Alkane and Mandalay Merger Presentation’ dated 28 April 2025.
3 2012 Joint Ore Reserves Committee’s Australasian Code for Reporting of Mineral Resources and Ore Reserves (‘JORC Code’).
4 Refer Alkane ASX Announcement dated 23 July 2025 titled ‘Noosa Mining Investor Conference Presentation’ and Alkane ASX Announcement dated 6 August 2025 titled ‘Diggers & Dealers Mining Forum Presentation’.
5 Gold equivalent ounces is calculated by multiplying the quantities of gold and antimony in the period by the respective average market price of the commodities in the period, adding the two amounts to get “total contained value based on market price,” and then dividing that total contained value by the average market price of gold in the period. I.e., AuEq = ((Au Produced x Au $/oz) + (Sb Produced x Sb $/t)) / (Au $/oz). The average gold price in the period is calculated as the average of the daily PM price in the period. Average antimony price in the period is calculated as the average of the high and low Rotterdam warehouse prices for days in the period. The source for gold price is www.lbma.org.uk, and antimony price is www.metalbulletin.com. The quarterly average market prices used for calculating gold equivalent ounces throughout FY2025 were as follows: Sep 2024: US$2,474/oz Au and US$24,338/t Sb; Dec 2024: US$2,663/oz Au and US$36,336/t Sb; Mar 2025: US$2,860/oz Au and US$34,923/t Sb; Jun 2025: US$3,280/oz Au and US$58,813/t Sb. The quarterly gold equivalent ounces produced set out in the table above for the March 2025 quarter set out in the table above was calculated using the average realised Sb price for the period rather than the average market price – it was subsequently recalculated using the “average market Sb price” The resulting difference of 769 gold equivalent ounces has been adjusted in the June 2025 quarter.
FAQ
What was Alkane Resources (ALKEF) total gold production for FY2025 from Costerfield and Björkdal?
The combined gold production from both operations in FY2025 was 79,401 ounces, with Costerfield producing 38,037 ounces and Björkdal producing 41,364 ounces.
How much revenue did Alkane Resources generate from Costerfield and Björkdal in FY2025?
The combined revenue for both operations in FY2025 was US$264.9 million, with Costerfield generating US$136.8 million and Björkdal contributing US$128.1 million.
Why did Alkane Resources retract the mine life information for Costerfield and Björkdal?
The company retracted the information because it was based on qualifying foreign estimates of mineral reserves and not reported in accordance with JORC Code or ASX Listing Rule 5.16. The estimates were calculated by dividing reserves by processing capacity.
When will Alkane Resources release FY2026 Production Guidance?
Alkane Resources expects to release its FY2026 Production Guidance in September 2025, following the completion of the merger with Mandalay Resources and ongoing review of the combined entity’s budget.
What were Costerfield’s antimony production results for FY2025?
Costerfield produced 817 tonnes of antimony in FY2025, with quarterly production declining from 252 tonnes in Q1 to 137 tonnes in Q4.
