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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$272.03M which is a rise of roughly 7% over the last seven months. As of 09/08/2023 they have ~A$8M debt and ~A$50.89M 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 $272.03M 09/08/2023 $17.60M
Total Assets: $263.75M $265.41M 09/08/2023 $1.66M
Total Liabilities: $71.70M $72.15M 09/08/2023 $0.45M
Current Assets: $68.50M $68.93M 09/08/2023 $0.43M
Current Liabilities: $27.53M $27.70M 09/08/2023 $0.17M
Total Debt: $8.32M $8.37M 09/08/2023 $0.05M
Cash: $50.57M $50.89M 09/08/2023 $0.32M
Enterprise Value: $212.18M $229.51M 04/10/1977 $17.34M
Cash Flow: $30.44M $60.35M never $29.91M
Cash Flow Multiple: 8.36 4.51 never -3.85
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) 
5,484,303		 09/08/2023 34,587
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 03/24/2024 n/a
Future MCap Modifier: 0.2
Producer: Growth Potential
 0.2
Producer: Growth Potential
 04/24/2023 0
Cash Flow Multiplier: 10 10 04/17/2023 0.00

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 $450 09/08/2023 $0.00
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% 03/24/2024 -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 $1,000 09/08/2023 $0
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 0.13M
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 -0.94M
Maximum Profit (Gold): $99.51M $185.70M n/a $86.19M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $99.51M $185.70M n/a $86.19M
Max Profit / Current MCap: 0.391 0.683 n/a 0.292
Max Profit Per Share (Gold): $0.16 $0.30 n/a $0.14
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.16 $0.30 n/a $0.14
Total Free Profit Per Share: $0.00 $0.00 n/a $0.00
FD MCap / Gold Eq.: $1,197.30 $1,360.14 n/a $162.85
FD MCap / Silver Eq.: $14.28 $16.12 n/a $1.84
FD MCap / Per Metal
as % Spot Price:		 62.41% 57.18% n/a -5.23%
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 0.35M
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 -2.15M
Maximum Profit (Gold): $226.89M $423.40M n/a $196.50M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $226.89M $423.40M n/a $196.50M
Max Profit / Current MCap: 0.892 1.556 n/a 0.665
Max Profit Per Share (Gold): $0.37 $0.68 n/a $0.32
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.37 $0.68 n/a $0.32
Total Free Profit Per Share: $0.00 $0.00 n/a $0.00
FD MCap / Gold Eq.: $525.13 $596.55 n/a $71.42
FD MCap / Silver Eq.: $6.26 $7.07 n/a $0.81
FD MCap / Per Metal
as % Spot Price:		 27.37% 25.08% n/a -2.29%

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 3.01M
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 -11.56M
Maximum Profit (Gold): $1,222.03M $2,280.40M n/a $1,058.37M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $1,222.03M $2,280.40M n/a $1,058.37M
Max Profit / Current MCap: 4.803 8.383 n/a 3.580
Max Profit Per Share (Gold): $1.97 $3.67 n/a $1.70
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $1.97 $3.67 n/a $1.70
Total Free Profit Per Share: $1.33 $2.99 n/a $1.66
FD MCap / Gold Eq.: $97.50 $110.76 n/a $13.26
FD MCap / Silver Eq.: $1.16 $1.31 n/a $0.15
FD MCap / Per Metal
as % Spot Price:		 5.08% 4.66% n/a -0.43%

Future Valuation (Cash Flow & Totals)

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