Alkane Resources Ltd (ASX:ALK)
Australia flag Australia · Delayed Price · Currency is AUD
1.940
+0.020 (1.04%)
Sep 17, 2026, 10:00 AM AEST
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Noosa Mining Conference 2026

Jul 23, 2026

Summary

Achieved record gold production, strong cash reserves, and top ASX gold producer returns, while expanding mine life and advancing the Boda Kaiser project toward approval. Guidance for the year is 170,000 ounces with continued cost control and dividend payments.

Speaker 1

Thank you very much, everyone. I'm sorry I'm losing my voice. My dulcet tones are not quite what they used to be. This presentation is online. What I want to do, like Wayne, I want to recap what did I tell everybody sitting here last year? I said, "We're merging with Mandalay Resources, TSX listed." I said, "We're going to produce over 160,000 ounce equivalent in the financial year that's just finished." I said, "We're going to generate a lot of cash." I said, "We're going to increase the share trading liquidity." I said, "We will enter the S&P/ASX 300." I finished by saying, "Don't be the person next year," that's now, "who says, 'I wish I'd listened to you.'" Some of you have regret inbound. We merged with Mandalay. We produced 168,000 ounces. We increased our cash to AUD 432 million. We're debt-free.

We've got over half a billion of balance sheet liquidity. We've just announced our intention to pay a AUD 0.02 fully franked dividend, which we'll ratify. Our share trading liquidity's gone up three times. We're not only in the 300, we're in the 200, and we are the best performing ASX gold producer over the last 12 months. You should have got on board. Just to put the facts on the best performing gold producer, there's our return. This is off Bloomberg, the 12-month period up until last Friday. Our return, despite the retracement in gold, we are up 102%, better than every other company who produces gold on the ASX. Now why would you bother owning us now? We've fired off. We're done, right? No, this year our guidance has gone up slightly. The center of that guidance is 170,000 ounces. Our costs remain in control.

We're still going to keep generating cash. We have antimony exposure. It's only a small part of it. We're the largest Western producer. Larvotto Resources will overtake us when they come into production. They will then be the Western largest. We're extending our mine lives. I'll talk to you about that. We still have the Boda Kaiser project, which we continue to move forwards, and we expect to consolidate our position in the ASX 200. A quick status update on us. Here's our three mines. Tomingley, in the center of New South Wales. Last year did 83,000 ounces. Expect to do the same. Costerfield, gold and antimony in Victoria. Last year did 45,000 ounce equivalent. Expect to do the same. Björkdal up in Sweden. Last year did 41,000 ounces. This year we expect to do a little bit better than that.

Our share price is up since I put this slide together. Our market cap is roughly AUD 1.9 billion, and I've already talked through the strength there. There's all the different brokers that cover us. For each of you, go and get their research notes. Do your own research. Don't listen to me, I just tend to be right. I'm having a bit of fun, you can tell I'm having fun. Forgive me. I also want to tell you, we have a history of delivery. This is the last 10 years. Obviously, our company goes back longer than that. This is what we've done in the last 10 years, and I'm trying to frame this because I'm trying to tell you what we're doing in the next 10. At Tomingley, we discovered resource extension on that mine. We discovered and built that mine.

We've developed a whole new underground. We've got a new mining area permitted. We've upgraded the plant. We've installed a PACE plant, which is running, and we've increased production. At Boda Kaiser, we discovered it. We expanded the resource out to be two thirds indicate over 10 million ounces there and indicated. We've commenced environmental work. This is the fourth major approval that we will have done. Corporate, we invested in Genesis and sold into Raleigh Finlayson. We invested in Calidus, and that blew up before gold price took off. We still invested in Medallion. We've de-merged Australian Strategic Materials into a separate listing, and a lot of people made a lot of money out of that. We merged with Mandalay and we added cash. At Costerfield, we've invested in a joint venture with Nagambie, and at Björkdal, we've commenced a new open cut.

We're very busy for a company of our size. Like Mark said about history, this is our guidance for the last 10 years. We do what we say we will do. Let me tell you about the assets. Tomingley, it's now underground. As I said, we discovered it and we developed it. First poured the gold. Right now here, doing 80,000 ounces. That's a new highway we're moving. That finishes in the early part of next year and we start two new open cuts, all to keep extending our mine life. We're exploring up and down the corridor there. The game here is to find another large discovery like Roswell, which we'll use to either increase production or further extend the mine life. At Costerfield, very high grade mine. We are underground there, and what we're doing there is continuing to do drill.

We're spending AUD 25 million drilling at this mine, and we're particularly looking at a new area, Brunswick South, that we're extending development to, and another area, True Blue. Here the game is extend mine life because it's been a rolling four-year mine life for many years, and then look to increase production. Nagambie joint venture forms part of that. At Björkdal in Sweden, this is a low grade mine and higher cost mine. We are bringing online an open pit to help stabilize the cost and increase production, and we've commenced development to a new resource called Storheden, and over the next two weeks, we'll be putting an update to that resource for everybody to look at. It's very encouraging. We intend to take this mine + 50,000 ounces. Boda Kaiser project, like I said, we discovered this in 2019.

This is the scoping study we put out at a different price environment back in 2024. In this price environment, this project works. What do you need to do to get recognition of this? What you do is you go and get it approved because it's very easy. You see a lot of presentations. It's very easy, relatively, to discover something. It's weird that turning and getting it approved is the more difficult stage at the moment. We are in this at the moment. We're consulting with our different stakeholders. We're working out where do you put the plant, where do you put the different pieces. We're negotiating off farmers to buy properties. We're looking at water rights, all this sort of stuff.

We expect to have that completed over the next 18 months, then we'll go for project approval with the New South Wales government, spend a couple of years getting that sorted, and go to FID at the end of the decade. Then we will have a + 200,000 ounce mine that will run for the better part of 20 years, assuming no further discoveries. Before I wrap up, because I know I've been quick, I don't understand why, if you're interested, like Wayne said, in a producer who's generating cash flow, who has continued to deliver and continues to look at extending its mine life and is now paying a dividend, why you wouldn't move us into that section of your portfolio that does that. By all means, talk to your broker about it.

Please, I really encourage you to have a look at our stock, because if I have to do the same presentation next year, I might as well just throw in the towel. Thank you very much. Enjoy lunch.