Alkane Resources

Alkane Resources has announced high-grade gold and antimony intercepts at its Kendal deposit, near the Costerfield operation in Victoria. Recent drilling revealed significant vein systems, including previously undiscovered zones, with standout results like 2.3m at 267.5 g/t gold and 5.6% antimony. Development is underway to access this new mineralization, which is expected to enhance Costerfield’s ore production with its high antimony content, exceeding that of current ore sources. Further drilling is planned to fully define the deposit.

Alkane Resources (ALKEF) updated its FY2026 production guidance, expected in September, after merging with Mandalay Resources. The company is converting mineral estimates to JORC Code. FY2025 saw Costerfield produce 38,037 oz gold and 817 tonnes antimony, and Björkdal produced 41,364 oz gold. Total revenue was US$264.9M (Costerfield: US$136.8M, Björkdal: US$128.1M). The company retracted previous mine life estimates, advising investors against relying on them.