Alkane Resources (ALK) AGM 2026 summary

Opening remarks and agenda

• Hybrid AGM in Sydney and online; FY2026 financial report tabled, resolutions put to a poll, followed by shareholder Q&A.

• Merger created a larger, more diversified portfolio; integration of operations, teams and systems continued while maintaining operational focus.

• Enlarged business entered the ASX 300 and later the ASX 200.

Financial performance review

• FY26 production: Tomingley 83koz Au, Costerfield 45koz AuEq and Björkdal 41koz Au; reserves replaced depletion at all sites, Costerfield reserve mine life rose to 6 years and group resources grew 7.8% net of depletion.

• FY27 Q1 consolidated production was 40.7koz AuEq; AISC A$2,805/AuEq oz, growth capital A$37m and exploration spend A$9m. FY27 guidance: 163–177koz AuEq, AISC A$2,900–3,200/AuEq oz, growth capital A$160–190m and exploration A$45–53m.

• September 2026 cash and gold bullion ~A$440m, undrawn revolving facility A$110m and total liquidity ~A$550m; equipment finance ~A$16m.

• Current-year site guidance: Tomingley 78,000–84,000 oz; Costerfield 37,000–39,000 oz gold and 1,200–1,500 tonnes payable antimony; Björkdal 41,000–45,000 oz.

• Costerfield milled over 150,000 tonnes annually, up from ~140,000 tonnes; antimony was ~3% of revenue and its price had nearly halved since budgets were set.

Board and executive committee updates

• Three women directors were added to strengthen board independence, experience and diversity as the business grew in size and complexity.

• Denise McComish brought 30 years as a KPMG partner, including mining-sector leadership, and expertise in audit, risk, strategy, M&A and governance.

• Jennifer Purdie brought over 35 years in mining operations, processing and infrastructure, including senior roles at Rio, BHP and Alcoa; she joined the Audit and Risk and Technical committees.

• Gabrielle Upton cited over 35 years across corporate finance, law, government and board governance, with experience in regulation, risk and stakeholder relations.