Mr. Nic Earner reports

RECORD FY26 NET PROFIT AFTER TAX OF A$228.7 MILLION (UP 590%)

Alkane Resources Ltd. has released its results for the year ended June 30, 2026. The table below is a summary of the financial results.

Alkane delivered a record performance in fiscal 2026, the company's first year as a multiasset gold and antimony producer following completion of the transformational merger of equals with Mandalay Resources Corp. on Aug. 5, 2025. The enlarged group's three operations -- Tomingley in New South Wales, Costerfield in Victoria and Bjorkdal in Sweden -- delivered record full-year gold equivalent production of 168,337 ounces, which, combined with an average realized gold price of $5,664 (Australian) per ounce (fiscal 2025: $3,770 (Australian)), drove record revenue, profit and cash flow. The group closed the year with cash, bullion and listed investments of $454-million (Australian).

Reflecting the record result and the strength of the balance sheet, the board has declared Alkane's maiden fully franked dividend of 2.0 cents per share in respect of fiscal 2026.

Alkane also reiterates the fiscal 2027 guidance released to the Australian Securities Exchange on July 21, 2026, group gold equivalent production of 163,000 to 177,000 gold equivalent ounces at an all-in sustaining cost of $2,900 (Australian) to $3,200 (Australian) per ounce. Guidance by operation is set out under fiscal 2027 guidance below.

Alkane managing director Nic Earner said: "[Fiscal 2026] was a transformational year for Alkane. The merger with Mandalay created a three-mine gold and antimony producer of scale, and record production, revenue and profit in our first year as a combined group demonstrate the quality of the business we have built. The declaration of Alkane's maiden dividend is a significant milestone in the company's history, and reflects both the strength of our balance sheet and the board's confidence in the outlook for the company -- a confidence underlined by our [fiscal 2027] guidance.

"Alkane's board and management thank the employees and contractors of the company for their strong and continued commitment to safety, production and exploration performance."

Dividend information

The key dates for the fiscal 2026 final dividend are as follows.

Fiscal 2027 guidance

Alkane reiterates the fiscal 2027 guidance for the group released to the ASX on July 21, 2026, as set out below.

Alkane is not aware of new information materially affecting the guidance and its underlying assumptions continue to apply.

About Alkane Resources Ltd.

Alkane Resources is an Australia-based gold and antimony producer with a portfolio of three operating mines across Australia and Sweden. The company has a strong balance sheet and is positioned for further growth.

Alkane's wholly owned producing assets are the Tomingley open-pit and underground gold mine southwest of Dubbo in central-west New South Wales, the Costerfield gold and antimony underground mining operation northeast of Heathcote in central Victoria, and the Bjorkdal underground gold mine northwest of Skelleftea in Sweden (approximately 750 kilometres north of Stockholm). Continuing 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 continuing exploration within the surrounding Northern Molong porphyry project and is confident of further enhancing eastern Australia's reputation as a significant gold, copper and antimony production region.

We seek Safe Harbor.