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Alkane Resources Ltd

www: www.alkane.com.au   email: info@alkane.com.au
Category: Junior: Emerging Mid-tier Producer
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Symbol Data

Symbol Currency
ASX:ALK AUD
OTCMKTS:ALKEF USD

Description

Alkane Resources Ltd are a gold focused junior, emerging mid-tier producer with three exploration properties in Australia. They have approximately 5.65Moz. of gold in the reserves and resources category of which 0.65Moz. are in the measured and indicated category. They have a market capitalisation of ~A$244.82M which is a fall of roughly 4% over the last eight months. As of 09/08/2023 they have ~A$9M debt and ~A$51.91M cash. They have 602M shares outstanding and trade on the Australian Stock Exchange and the over-the-counter markets.

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General Details

Financial 09/08/2023
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
MCap (FD): $254.43M $244.82M 09/08/2023 $-9.61M
Total Assets: $263.75M $270.71M 09/08/2023 $6.96M
Total Liabilities: $71.70M $73.59M 09/08/2023 $1.89M
Current Assets: $68.50M $70.30M 09/08/2023 $1.81M
Current Liabilities: $27.53M $28.25M 09/08/2023 $0.73M
Total Debt: $8.32M $8.54M 09/08/2023 $0.22M
Cash: $50.57M $51.91M 09/08/2023 $1.33M
Enterprise Value: $212.18M $201.45M 05/20/1976 $-10.72M
Cash Flow: $30.44M $52.51M never $22.07M
Cash Flow Multiple: 8.36 4.66 never -3.70
Net Debt to
Cash Flow Ratio:		 n/a n/a never 0.00
Finance within 1 year: 09/08/2023 n/a
Misc 09/08/2023
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Shares Outstanding: 602,000,000 602,000,000 09/08/2023 0
Shares (FD): 621,000,000 621,000,000 09/08/2023 0
Insider Ownership: n/a n/a never n/a
Dividend (Annual): n/a n/a never n/a
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a n/a 09/08/2023 n/a
Production (Gold Eq Oz.): (guess) 
65,000		 (guess) 
65,000		 09/08/2023 0
Production (Silver Eq Oz.): (guess) 
5,449,716		 (guess) 
5,499,029		 09/08/2023 49,313
Initial CapEx (Outstanding): n/a n/a 09/08/2023 n/a
Funding Option: n/a n/a 09/08/2023 n/a
Documentation: none PRODUCER 05/03/2024 n/a
Future MCap Modifier: 0.2
Producer: Growth Potential
 0.2
Producer: Growth Potential
 04/24/2023 0
Cash Flow Multiplier: 10 8 05/03/2024 -2.00

Resource Data

GOLD 09/08/2023
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: 0.25M 0.25M 09/08/2023 0.00M
Measured & Indicated: 0.65M 0.65M 09/08/2023 0.00M
Inferred: 5.00M 5.00M 09/08/2023 0.00M
Reserves & Resources: 5.65M 5.65M never 0.00M
P
L
A
U
S
I
B
L
E		 Proven & Probable: 0.21M 0.20M 09/08/2023 -0.01M
Measured & Indicated: 0.48M 0.46M 09/08/2023 -0.03M
Inferred: 2.13M 2.00M 09/08/2023 -0.13M
Reserves & Resources: 2.61M 2.46M never -0.15M
C
U
R
R
E
N
T		 Annual Production: (guess) 
65,000oz.		 (guess) 
65,000oz.		 09/08/2023 0oz.
Cash Cost: $1,000 $1,000 09/08/2023 $0.00
Extra Operating Cost: $450 $500 05/03/2024 $50.00
G
R
A
D
E		 Underground (Avg): 0.50 g/t 2.00 g/t 03/24/2024 1.50 g/t
Open Pit (Avg): n/a 0.30 g/t 03/24/2024 0.30 g/t
Recovery Rate: (CG)  85.00% (CG)  80.00% 05/03/2024 -5.00%
F
U
T
U
R
E		 Proven & Probable: 5.00M 5.00M 09/08/2023 0.00M
Annual Production: 250,000oz. 250,000oz. 09/08/2023 0oz.
Cash Cost: $1,000 $1,100 05/03/2024 $100
Extra Operating Cost: $500 $500 09/08/2023 $0
SILVER 09/08/2023
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: n/a n/a 09/08/2023 0.00M
Measured & Indicated: n/a n/a 09/08/2023 0.00M
Inferred: n/a n/a 09/08/2023 0.00M
Reserves & Resources: n/a n/a never 0.00M
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 09/08/2023 0.00M
Measured & Indicated: n/a n/a 09/08/2023 0.00M
Inferred: n/a n/a 09/08/2023 0.00M
Reserves & Resources: n/a n/a never 0.00M
C
U
R
R
E
N
T		 Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 09/08/2023 $0.00
Extra Operating Cost: n/a n/a 09/08/2023 $0.00
G
R
A
D
E		 Underground (Avg): n/a n/a 09/08/2023 n/a
Open Pit (Avg): n/a n/a 09/08/2023 n/a
Recovery Rate: n/a n/a 09/08/2023 0.00%
F
U
T
U
R
E		 Proven & Probable: n/a n/a 09/08/2023 0.00M
Annual Production: n/a n/a 09/08/2023 n/a
Cash Cost: n/a n/a 09/08/2023 n/a
Extra Operating Cost: n/a n/a 09/08/2023 n/a

Property

Last Analysis Data  (09/08/2023)
Stage Name Owned Au Ag Cu Notes
Exp Boda 100% show
3.5M oz AU at .3 gpt
10M oz AUEQ at .5 gpt
Exp Kaiser 100% show
2M AU at .25 gpt
6M AUEQ at .5 gpt
Exp Tomingley 100% show
1.5 million oz deposit at 2 gpt.

Production at 60,000 oz per year.
Current Data
Stage Name Owned Au Ag Cu Notes
Exp Boda 100% show
3.5M oz AU at .3 gpt
10M oz AUEQ at .5 gpt
Exp Kaiser 100% show
2M AU at .25 gpt
6M AUEQ at .5 gpt
Exp Tomingley 100% show
1.5 million oz deposit at 2 gpt.

Production at 60,000 oz per year.

Profitability (by resource)

Proven &
Probable		 09/08/2023
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 0.25M 0.25M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 0.19M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 0.21M 0.20M n/a -0.01M
Silver Eq. Oz.: n/a n/a n/a -0.90M
Maximum Profit (Gold): $99.51M $161.58M n/a $62.07M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $99.51M $161.58M n/a $62.07M
Max Profit / Current MCap: 0.391 0.660 n/a 0.269
Max Profit Per Share (Gold): $0.16 $0.26 n/a $0.10
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.16 $0.26 n/a $0.10
Total Free Profit Per Share: $0.00 $0.00 n/a $0.00
FD MCap / Gold Eq.: $1,197.30 $1,224.09 n/a $26.79
FD MCap / Silver Eq.: $14.28 $14.47 n/a $0.19
FD MCap / Per Metal
as % Spot Price:		 62.41% 53.04% n/a -9.38%
Measured &
Indicated		 09/08/2023
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 0.65M 0.65M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 0.49M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 0.48M 0.46M n/a -0.03M
Silver Eq. Oz.: n/a n/a n/a -2.04M
Maximum Profit (Gold): $226.89M $368.40M n/a $141.51M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $226.89M $368.40M n/a $141.51M
Max Profit / Current MCap: 0.892 1.505 n/a 0.613
Max Profit Per Share (Gold): $0.37 $0.59 n/a $0.23
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.37 $0.59 n/a $0.23
Total Free Profit Per Share: $0.00 $0.00 n/a $0.00
FD MCap / Gold Eq.: $525.13 $536.88 n/a $11.75
FD MCap / Silver Eq.: $6.26 $6.35 n/a $0.08
FD MCap / Per Metal
as % Spot Price:		 27.37% 23.26% n/a -4.11%

Reserves &
Resources		 09/08/2023
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 5.65M 5.65M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 4.29M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 2.61M 2.46M n/a -0.15M
Silver Eq. Oz.: n/a n/a n/a -11.01M
Maximum Profit (Gold): $1,222.03M $1,984.20M n/a $762.17M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $1,222.03M $1,984.20M n/a $762.17M
Max Profit / Current MCap: 4.803 8.105 n/a 3.302
Max Profit Per Share (Gold): $1.97 $3.20 n/a $1.23
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $1.97 $3.20 n/a $1.23
Total Free Profit Per Share: $1.33 $2.60 n/a $1.27
FD MCap / Gold Eq.: $97.50 $99.68 n/a $2.18
FD MCap / Silver Eq.: $1.16 $1.18 n/a $0.02
FD MCap / Per Metal
as % Spot Price:		 5.08% 4.32% n/a -0.76%

Future Valuation (Cash Flow & Totals)

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