Thank you. Just take a moment for the room to shuffle through its people that are listening. I'm going to tell you about Alkane Resources. We've recently completed our merger with Mandalay Resources, and I'll talk you through our assets and our forward-looking progress. This presentation is available online. If you look at our three assets, which I'll dive into, the key takeaway from this slide is two things. The first one is, if we were already merged last year, we'd have done 161,000 equivalent ounces. This year, we're intending to do between 160,000 and 175,000 ounces equivalent. The second thing is that we are now listed on the ASX 300, and our liquidity is significantly increased. We're trading now typically $8 million to $10 million liquidity a day, and that was the purpose that we had.
We're looking to really unleash our capacity to be available to a whole heap of other investors. Let's look at our assets. We've got three operating mines: one, Tomingley in New South Wales this year that's going to do between 75,000 and 80,000 ounces. A second one down in Victoria, Costerfield, that's going to do between 45,000 and 51,000 ounces equivalent. We'll dive into that a little bit, but 800 to 900 tons of antimony contributes to that. Lastly, Björkdal in Sweden, that is going to do between 40,000 and 44,000 ounces this year. We have the very large Boda Kaiser project. The thing I really want to draw your attention to is we have 1.5 million ounces in reserve between those assets. I think that's interesting as you look at comparables to us to other producers. This is just looking back in the last year.
If we'd been merged last year, we'd have done 40,000 ounces basically a month and put $25 million Australian in the bank every month. Unsurprisingly, with the exception of this quarter, and I'll talk about that because of the transaction that we've just done, the transaction cost and the repayment of debt, we're going to do exactly the same thing going forward. Here's our guidance on a site-by-site basis. I've talked you through what each one's going to do. The thing I want to point out to you there is particularly Björkdal's all-in sustaining cost is between $4,050 and $4,450 Australian an ounce or US $2,600 an ounce. We are putting $50 million Australian, so about $38 million US into sustaining CapEx there to increase the mine development areas, turn over new equipment, and increase talent capacity. That is why we strongly expect to see that fall in FY27.
If I look at the growth and exploration, Tomingley, we're moving a highway. There's a better part of that $50 million Australian going into that move. At Costerfield, we're drilling a lot of drilling in our resource there specifically to extend the mine life. I'll talk a bit more about those reasons and why we're doing it. We have a lot of organic growth. We not only can extend our mine life, we can increase our production rate much more towards the 200,000 ounce range. I'll talk you through the strategy of that. First, let's look at Tomingley. Tomingley has been operating since 2013. It started mining in 2014. It poured its first gold last year, did 70,000 ounces. This year, it should be doing 75,000 to 80,000 ounces. It is a mine that's currently underground.
It's developing two open cuts that will come into play in 2027 once the highway is moved. It is an owner-operator mine, so we own and operate this facility ourselves. The mine life extends out to at least 2032 at present. It's a very good asset, and it's hit a period of stability. We've just gone through installing the fine grind circuit to increase recoveries. We've put in a paste plant to increase ore recovery from underground there. It has heaps of upside for it, particularly as gold prices go. This is an underground mine that we run at a 1.3 grams per tonne cut-off. The biggest area that I'm most interested in seeing is at depth at Roswell. That ore body typically runs at about 2.4 to 2.6 grams per tonne, continues at depth with a northerly plunge. Very good ounces per vertical metre.
There's also ore we already have identified, and we're drilling it underneath Clamor and Clomer too. It's just a slightly lower grade, so of a lower priority to us. We intend to continue to replace reserves here year on year, and we've got plenty of targets for that. If I go to Costerfield in Victoria, about an hour and 10 minutes drive north of Melbourne, Costerfield has been under Mandalay ownership since 2009. Very long operating history. It's typically had a reserve life of between two and four years ahead of it. We're currently expanding that. Mandalay was already expanding that. We're continually expanding that. We're putting the better part of $25 million Australian, so $17 million U.S., into the ground, and I'll talk you through what those targets are. You can see there that the production is made up of both gold and antimony.
What we produce from there is a high gold concentrate, or as it's stored at Tomingley, high gold concentrate, which goes straight to a refiner, and a gold and antimony concentrate, which is sold overseas. We've got two discoveries that we're immediately chasing at present to both extend our mine life. Really important to note, our indicated resources already take us with a life here of out to seven years. We're pretty chipper about what's going on. Right off 300 meters off our infrastructure, we have Brunswick South. This is very typical of what we see at Costerfield. We see a couple of ounce grades over thin veins. Our mining width is 1.8 meters, so our typical diluted grade is about 12 grams per tonne equivalent. We're seeing that right off infrastructure at Brunswick South.
Most of our mining at the moment is occurring underneath the Yule deposit that you see there on the left of the picture. The other one we're very excited about, which we're starting the process for doing mining lease application for because it's just off our mining lease to the west, is the True Blue discovery. The True Blue discovery is again high grade. We've already got 110,000 ounces inferred resource. We intend to expand that a lot through this coming year. Not this financial year, maybe if we're lucky, but next financial year, FY27, July to June, July 2026 to June 2027, we intend to be commencing an exploration drive across to that and looking to bring that into production within two years. This mine runs at 140,000 tonnes per annum, producing 45,000 to 50,000 ounces.
We're going to extend the mine life and then look at increasing that rate so that we're consistently above 50,000 ounces. Antimony, you'll have heard a lot if you're wandering around about antimony. For better or worse, Costerfield is the largest Western producer, has been the largest Western producer for 20 years. There's a chart of the antimony price. If you ask me, do I think that price is sustainable? Definitely not. Others may say differently, but definitely not. We don't plan for that. The thing I want to tell you is this is 6% of our revenue, and we're very much enjoying the high revenues that we're seeing at the moment. With the amount of supply that is available to come online that you would hear from other projects around the place, it would be difficult to see the price remaining at that point.
It's absolutely a critical mineral, and people are very, very interested in it. In Sweden, Björkdal in Sweden, this deposit has a marble unit that runs at approximately 30 degrees down. This has been mined since nearly 30 years, right? It's been owned by Mandalay Resources since 2014 as an open cut and then an underground, now it's exclusively underground. It does about 1 million tonnes a year underground, but the milling capacity is 1.4 million tonnes, and the difference is made up of surface stockpiles. That's why we're putting a lot, Mandalay Resources has, and now we are continuing to put a lot of money into development because we want to increase the mining rate because every extra tonne we can pull out has a much higher grade than we currently see from the surface stockpiles. Makes money, makes good money, excellent operating team.
This head grade that they get from underground is typically 1.3 to 1.4 grams per tonne, so it gives you an idea of the efficiency of the team, but power costs are very cheap in Sweden. What we're also chasing is we have quite a few interesting higher grade zones. We get these small skarn deposits that typically give a small bonanza of approximately 30,000 ounces, maybe more, maybe less. That's happened at several times in the past, and we're chasing one of these at the moment, which is, you know, you can see the grades there, you know, ounce, half ounce over several metres. We'll continue, we'll look to develop into that. We don't see it'll come into this financial year, but potentially next financial year.
Very, very excited about the prospects of also lifting this consistently above 50,000 ounces, which is why I say we expect to move to be in the 180,000 to 200,000 ounce bracket and see the all-in sustaining cost fall here at Björkdal. Last but not least, very interesting project we have called Boda Kaiser. This is about 110 kilometers north of Cadia, about 50 kilometers east of Dubbo. Very high volume of resource, but it's at just under 0.6 grams per tonne gold equivalent. It's in the price environment where this could be developed. Our key focus here is getting this permitted because there's a very big difference between a wonderful project with good economics in a great jurisdiction and one that you can then go on and build in that exactly same jurisdiction. We're doing all the environmental studies on that at the moment.
This is a bit of a sleeping giant for us. This could be doing 250,000 ounce equivalent for 20 years, but what we need to do is get it permitted. It's already got a 10 million ounce equivalent indicated resource. If anyone's interested, just have a look at some Australian comparable charts and they say, oh, it's the biggest undeveloped gold project, blah, blah, blah, blah. This has got nearly 10 million ounces or 50 million ounces equivalent. It's actually one of the largest undeveloped gold projects. What I'll tell you quite realistically, there's a permitting pathway here and we're going to take the time to follow it. Once it's done in a Tier 1 jurisdiction, then the value really starts to pop. We're very, really quite excited about this project and its long-term prospects. We would see ourselves getting a joint venture partner at some point down the track.
If I look at what are we looking to achieve in 2026 post this merger, we have a newly formed board which has directors from Mandalay Resources, directors from Alkane Resources, and a new independent Chair, Andy Quinn, ex-CIBC, ex-Barrick board member. What are we looking to achieve together? Obviously, number one is to deliver on production and consolidate costs. Alkane Resources, just that part of the business, we've been running for 11 years. We've met guidance every single year except one, and that year we missed the bottom end of our guidance by 1,500 ounces. We expect to deliver on production and we expect to lower the cost of this business. We're going to continue to expand the mineral resource at all three mine sites. Australian dollars, nearly $40 million is going into drilling across our three operations over this financial year.
Tomingley, the big thing is to finish moving this highway. Long and involved project to move any highway anywhere, but to move the main highway between Melbourne and Brisbane for transport is quite an effort. That's commenced, thank goodness. We're very happy about that, but that's about a 14-month process with the permitting. That's the big thing at Tomingley. It's already consistent and stable. It's already locked in paste. It's already delivering. We want to get this next stage on and then that releases two open-pit mines, 250,000 ounces in them, and we really start to balance all sources even better. Costerfield, we want to get the permits for the mining lease on True Blue. Opens up a whole new mining area for us. Higher grade antimony as well there. Björkdal, we want to lift the mining rate and therefore lower the all-in sustaining cost.
Boda Kaiser, we're going to keep grinding away at the environmental studies. At corporate, we're going to grow the balance sheet. This quarter, we've repaid the debt that we have with Macquarie. We've got our transaction costs. We're going to finish this quarter around A$130 million to A$140 million. Call it US$100 million. That depends on shipments and all. Anytime we have shipments on the water, shipments moving around in Sweden, but broadly, that rate. We expect to have added A$90 million to A$100 million despite all the growth and everything we're talking about. Come 2027, which is two years away, the hedges we have roll off. The slight production increase we're getting at Björkdal will kick in, and we add at least another A$100 million a year then. We're pretty pumped about that. We are an established producer.
We're going to do between 160,000 and 175,000 gold equivalent ounces this year. We're generating cash. We've got no debt apart from equipment leases. We've got exposure to antimony. In fact, we are the largest Western producer. We've got all these growth things already underway. As a team, we've been doing it for at least 10 years together. Thank you very much.