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Alkane Resources Ltd

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

Symbol Currency
ASX:ALK AUD
OTCMKTS:ALKEF USD
TSE:ALK CAD

Description

Alkane Resources Ltd are a gold focused mid-tier producer with two producing mines in Australia and Sweden and four exploration properties. Currently they produce roughly 165koz. of gold per year. They have approximately 10Moz. of gold in the reserves and resources category of which 4Moz. are in the measured and indicated category. They have a market capitalisation of ~A$930.49M which is a fall of roughly 1% over the last two months. As of 08/27/2025 they have ~A$32M debt and ~A$123.98M cash. They have 1,365M shares outstanding and trade on

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General Details

Financial 08/27/2025
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
MCap (FD): $943.37M $930.49M 08/27/2025 $-12.88M
MCap (OS): $929.75M $917.06M 08/27/2025 $-12.69M
Total Assets: $336.68M $336.89M 08/27/2025 $0.22M
Total Liabilities: $112.23M $112.30M 08/27/2025 $0.07M
Current Assets: $100.55M $123.98M 10/29/2025 $23.43M
Current Liabilities: $27.89M $27.91M 08/27/2025 $0.02M
Total Debt: $32.43M $32.46M 08/27/2025 $0.02M
Cash: $100.55M $123.98M 10/29/2025 $23.43M
Debt (Net): $-68.11M $-91.53M $-23.41M
Enterprise Value: $875.26M $838.97M 08/02/1996 $-36.29M
Cash Flow: $171.41M $250.46M never $79.05M
Cash Flow Multiple: 5.50 3.72 never -1.79
Net Debt to
Cash Flow Ratio:
n/a n/a never 0.00
Finance within 1 year: 08/27/2025 n/a
Misc 08/27/2025
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Shares Outstanding: 1,365,000,000 1,365,000,000 08/27/2025 0
Shares (FD): 1,385,000,000 1,385,000,000 08/27/2025 0
Insider Ownership: n/a n/a never n/a
Dividend (Annual): n/a n/a 10/29/2025 n/a
Company Type: Mostly Gold Mostly Gold never n/a
Group: Producer Producer never n/a
Production ETA: n/a n/a 08/27/2025 n/a
Production (Gold Eq Oz.): (guess) 
160,000
(guess) 
165,000
10/29/2025 5,000
Production (Silver Eq Oz.): (guess) 
14,050,826
(guess) 
13,797,860
10/29/2025 -252,966
Development Phase: none Producer (Single Mine) 09/01/2025 n/a
Optionality Play: none No
F
U
T
U
R
E
% of Spot: 20
Producer: Growth Potential
20
Producer: Growth Potential
09/07/2024 0
Cash Flow Multiple: 10 12 10/29/2025 2.00

Resource Data

GOLD 08/27/2025
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: 1.00M 1.00M 08/27/2025 0.00M
Measured & Indicated: 4.00M 4.00M 08/27/2025 0.00M
Inferred: 6.00M 6.00M 08/27/2025 0.00M
Reserves & Resources: 10.00M 10.00M never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: 0.80M 0.80M 08/27/2025 0.00M
Measured & Indicated: 2.72M 2.72M 08/27/2025 0.00M
Inferred: 2.40M 2.40M 08/27/2025 0.00M
Reserves & Resources: 5.12M 5.12M never 0.00M
C
U
R
R
E
N
T
Annual Production: (guess) 
160,000oz.
(guess) 
165,000oz.
10/29/2025 5,000oz.
Cash Cost: $1,600 $1,700 10/29/2025 $100.00
Extra Operating Cost: $700 $750 10/29/2025 $50.00
Total: $2,300 $2,450 10/29/2025 $150.00
Margin (Free Cash Flow): $1,071 (32%) $1,518 (38%) $446.61
MCap / Production (AuEq): $5,896.07 $5,639.35 $-256.73
EV / Production (AuEq): $5,470.37 $5,084.65 $-385.72
G
R
A
D
E
Underground (Avg): 4.00 g/t 4.00 g/t 08/27/2025 n/a
Open Pit (Avg): n/a 0.50 g/t 08/27/2025 0.50 g/t
Recovery Rate: (CG)  80.00% (CG)  80.00% 10/29/2025 0.00%
F
U
T
U
R
E
Proven & Probable: 6.00M 6.00M 08/27/2025 0.00M
Annual Production: 320,000oz. 320,000oz. 08/27/2025 0oz.
Cash Cost: $1,600 $1,800 10/29/2025 $200
Extra Operating Cost: $700 $750 10/29/2025 $50
SILVER 08/27/2025
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 08/27/2025 0.00M
Measured & Indicated: n/a n/a 08/27/2025 0.00M
Inferred: n/a n/a 08/27/2025 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 08/27/2025 0.00M
Measured & Indicated: n/a n/a 08/27/2025 0.00M
Inferred: n/a n/a 08/27/2025 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 08/27/2025 $0.00
Extra Operating Cost: n/a n/a 08/27/2025 $0.00
Total: n/a n/a 08/27/2025 $0.00
Margin (Free Cash Flow): n/a $0.00
MCap / Production (AgEq): $67.14 $67.44 $0.30
EV / Production (AgEq): $62.29 $60.80 $-1.49
G
R
A
D
E
Underground (Avg): n/a n/a 08/27/2025 n/a
Open Pit (Avg): n/a n/a 09/08/2023 n/a
Recovery Rate: n/a n/a 08/27/2025 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 08/27/2025 0.00M
Annual Production: n/a n/a 08/27/2025 n/a
Cash Cost: n/a n/a 08/27/2025 n/a
Extra Operating Cost: n/a n/a 08/27/2025 n/a

Property

Last Analysis Data  (08/27/2025)
Stage Name Owned
%
NPV
$M
IRR
%
CapEx
$M
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
%
NPV
$M
IRR
%
CapEx
$M
Au Ag Cu Notes
Prod Costerfield / Cuffley
100 show
Low cash costs.

PEA to expand production to Cuffley. 500,000 oz deposit.

Update -
12/21: P&P 312 Koz gold

2022 AISC: $925 - $1025 AuEq

Size: 1,300 ha
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.
Exp La Quebrada
100 show
11 million oz silver deposit.

Becoming an advanced project.

2023 Update: Care & Maintenance spending of $100K and options being evaluated.
Prod Bjorkdal
100 show
45,000 oz production at very high cash costs. They plan to double production by 2016.

2022 Update: AISC $1325 - $1475; P&P 542Koz gold

Profitability (by resource)

Proven &
Probable
08/27/2025
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.): 1.00M 1.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -4.19M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 0.80M 0.80M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -3.36M
Maximum Profit (Gold): $857.06M $1,214.34M n/a $357.29M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $857.06M $1,214.34M n/a $357.29M
Max Profit / Current MCap: 0.909 1.305 n/a 0.397
Max Profit Per Share (Gold): $0.62 $0.88 n/a $0.26
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.62 $0.88 n/a $0.26
Total Free Profit Per Share: $0.00 $0.00 n/a $0.00
FD MCap / Gold Eq.: $1,179.21 $1,163.12 n/a $-16.10
FD MCap / Silver Eq.: $13.43 $13.91 n/a $0.48
FD MCap / Per Metal
as % Spot Price:
34.98% 29.31% n/a -5.66%
EV / Gold Eq.: $1,094.07 $1,048.71 n/a $-45.36
EV / Silver Eq.: $12.46 $12.54 n/a $0.08
EV / Per Metal
as % Spot Price:
32.45% 26.43% n/a -6.02%
Measured &
Indicated
08/27/2025
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.): 4.00M 4.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -16.78M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 2.72M 2.72M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -11.41M
Maximum Profit (Gold): $2,913.99M $4,128.77M n/a $1,214.78M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $2,913.99M $4,128.77M n/a $1,214.78M
Max Profit / Current MCap: 3.089 4.437 n/a 1.348
Max Profit Per Share (Gold): $2.10 $2.98 n/a $0.88
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $2.10 $2.98 n/a $0.88
Total Free Profit Per Share: $1.05 $1.95 n/a $0.89
FD MCap / Gold Eq.: $346.83 $342.09 n/a $-4.74
FD MCap / Silver Eq.: $3.95 $4.09 n/a $0.14
FD MCap / Per Metal
as % Spot Price:
10.29% 8.62% n/a -1.67%
EV / Gold Eq.: $321.79 $308.44 n/a $-13.34
EV / Silver Eq.: $3.66 $3.69 n/a $0.02
EV / Per Metal
as % Spot Price:
9.54% 7.77% n/a -1.77%

Reserves &
Resources
08/27/2025
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.): 10.00M 10.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -41.94M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 5.12M 5.12M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -21.47M
Maximum Profit (Gold): $5,485.16M $7,771.80M n/a $2,286.64M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $5,485.16M $7,771.80M n/a $2,286.64M
Max Profit / Current MCap: 5.814 8.352 n/a 2.538
Max Profit Per Share (Gold): $3.96 $5.61 n/a $1.65
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $3.96 $5.61 n/a $1.65
Total Free Profit Per Share: $2.91 $4.58 n/a $1.67
FD MCap / Gold Eq.: $184.25 $181.74 n/a $-2.52
FD MCap / Silver Eq.: $2.10 $2.17 n/a $0.08
FD MCap / Per Metal
as % Spot Price:
5.47% 4.58% n/a -0.89%
EV / Gold Eq.: $170.95 $163.86 n/a $-7.09
EV / Silver Eq.: $1.95 $1.96 n/a $0.01
EV / Per Metal
as % Spot Price:
5.07% 4.13% n/a -0.94%

Future Valuation (Cash Flow & Totals)

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