OREMAVEN
XMM 7,722.00 -2.63% YTD +5.6% OM ASX 450.55 -2.56% YTD +0.1% OM PRECIOUS 349.20 -2.24% YTD +2.5% OM EX-PREC 418.91 -2.72% YTD -1.1% XAU 4,115.59 +2.31% YTD -4.9% GLD 375.49 +0.81% YTD -5.2% GDX 85.75 +1.37% YTD -0.0% SIL 77.33 -1.00% YTD -7.3% COPX 70.23 -5.81% YTD -1.8% URNM 40.07 -2.79% YTD -27.0%
2026-11-06
◂ Monitor ALK ASX

ALKANE RESOURCES LIMITED

Producer · Gold · Others · Copper · Australia · Sweden · Canada · Chile Rating locked: sign in to view v8 · alk-20261024t205911-full
Last 2026-11-06
A$1.725
1D
—
1M
—
YTD
—
1Y
—
Upside
Locked: sign in to view
Mkt cap
A$2.4B
EV
A$1.9B
Cash
A$431.9M
Debt
A$16M
4 newer ASX announcements not yet reflected in this valuation

Portfolio detail

Assets

9 assets

Core asset

Tomingley Gold Operations

Australia

Producer100% ownedGold

Owned by issuer subsidiaries; status as disclosed at cutoff.

Producer · Producer
Production annualised (attributable)
86.0k ozd
Production (last FY, 100%)
83.0k oz
AISC (latest quarter)
A$2,429/oz
AISC margin at spot
58.5%m
Delivery vs guidance
NM
Reserve life
7.7 yrsd
Head grade
2.33 g/t

Project location

Approximate location

Loading location…

© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.

Resources & reserves3
TypeCategoryQuantityGradeContained mineralsDate
Mineral Resourcemeasured_indicated17.3M t ore2.1 g/t AuGold2026-06-30
Mineral Resourceinferred3.5M t ore1.7 g/t AuGold2026-06-30
Ore Reserveproved_probable11.4M t ore1.7 g/t AuGold2026-06-30
Permits & approvals1
PermitJurisdictionStatusExpiryCritical path
Tomingley Gold Extension approval (2023)NSW AustraliaGranted—No

Core asset

Costerfield Gold-Antimony Mine

Australia

Producer100% ownedGoldOthers

Owned by issuer subsidiaries; status as disclosed at cutoff.

Producer · Producer
Production annualised (attributable)
31.3k ozd
Production (last FY, 100%)
37.1k oz
AISC (latest quarter)
NM
AISC margin at spot
—
Delivery vs guidance
NM
Reserve life
4.6 yrsd
Head grade
9.72 g/t

Project location

Approximate location

Loading location…

© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.

Resources & reserves3
TypeCategoryQuantityGradeContained mineralsDate
Mineral Resourcemeasured_indicated2M t ore6.0 g/t AuGold · Others2026-06-30
Mineral Resourceinferred969K t ore3.6 g/t AuGold · Others2026-06-30
Ore Reserveproved_probable960K t ore5.5 g/t AuGold · Others2026-06-30

Core asset

Björkdal Gold Mine

Sweden

Producer100% ownedGold

Owned by issuer subsidiaries; status as disclosed at cutoff.

Producer · Producer
Production annualised (attributable)
41.9k ozd
Production (last FY, 100%)
38.2k oz
AISC (latest quarter)
A$3,979/oz
AISC margin at spot
32.1%m
Delivery vs guidance
NM
Reserve life
14.7 yrsd
Head grade
1.16 g/t

Project location

Approximate location

Loading location…

© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.

Resources & reserves3
TypeCategoryQuantityGradeContained mineralsDate
Mineral Resourcemeasured_indicated22.5M t ore2.07 g/t AuGold2026-06-30
Mineral Resourceinferred12.1M t ore1.57 g/t AuGold2026-06-30
Ore Reserveproved_probable13.1M t ore1.33 g/t AuGold2026-06-30

Material

Boda-Kaiser / Northern Molong Porphyry Project

Australia

Scoping Study Developer100% ownedGoldCopper

100%owned scoping-stage gold-copper option. Future partner route contemplated in study, with no binding financing or sale contract at cutoff.

Resource / scoping · Scoping study developer
Contained metal (attributable)
8.3m ozd
Resource grade
0.32 g/td
% Measured + Indicated
67.1%d
Resource tonnes
795.00 Mtd
Our value per attrib. contained unit
Locked
Mining method
Underground and open pit

Project location

Approximate location

Loading location…

© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.

Published study economicsIssuer or study metrics
NPVA$1.8B7% discount
IRR24%Published return
Initial capexA$1.8BPublished capital estimate
Operating cost20.6AUD/t ore

Pre-tax, real 2024 AUD; operating cost AUD/t ore. Gold 3,500 AUD/oz, copper 15,000 AUD/t; no current-price study rerun.

Resources & reserves2
TypeCategoryQuantityGradeContained mineralsDate
Mineral Resourcemeasured_indicated537M t ore0.32 g/t AuGold · Copper2026-06-30
Mineral Resourceinferred258M t ore0.33 g/t AuGold · Copper2026-06-30
Permits & approvals1
PermitJurisdictionStatusExpiryCritical path
Mining and Petroleum Gateway assessmentNSW AustraliaPending—Yes
Economic studies1
StudyStageStatusDateSummary
Boda-Kaiser 20 Mtpa scoping caseScoping StudyReaffirmed2024-07-102024 real AUD, +/-35% accuracy, pre-tax NPV 1,808.5m at 7%; no post-tax NPV or finance commitment. 17-year case; first-five-year gold rate is not LOM annual production.

Other

Peak Hill Gold Mine

Australia

Resource Stage100% ownedGold

Owned by issuer subsidiaries; status as disclosed at cutoff.

Resource / scoping · Resource stage
Contained metal (attributable)
108.0k ozd
Resource grade
3.29 g/td
% Measured + Indicated
0%d
Resource tonnes
1.02 Mtd
Our value per attrib. contained unit
Locked
Mining method
—

Project location

Approximate location

Loading location…

© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.

Resources & reserves1
TypeCategoryQuantityGradeContained mineralsDate
Mineral Resourceinferred1M t ore3.29 g/t AuGold2026-06-30

Other

Nagambie Mine conditional earn-in

Australia

Early Explorer0% ownedGoldOthers

Unexercised conditional earn-in; legal mine title100%Nagambie. Evaluation may be stopped; 60%/80% requires respective source spending. No attributable resource or mine production is booked.

Exploration · Early explorer
Ownership
0%d
Commodity
Aur
Country
AUr
Best recent intercept (grade x width)
—
Metres drilled (12M)
—
Exploration spend (12M)
—

Other

Southern Junee, Rockley, Cudal and Mt Conqueror

Australia

Early Explorer100% ownedGoldCopper

Owned by issuer subsidiaries; status as disclosed at cutoff.

Exploration · Early explorer
Ownership
100%
Commodity
Aur
Country
AUr
Best recent intercept (grade x width)
—
Metres drilled (12M)
—
Exploration spend (12M)
—

Other

Lupin closure and reclamation

Canada

Care And Maintenance100% ownedGold

Final closure and reclamation, majority works expected calendar 2026.

Care and maintenance · Care and maintenance
Nameplate capacity
—
Restart capex
—
Contained metal (attributable)
—
Last production year
—
Target restart
—

Project location

Approximate location

Loading location…

© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.

Other

La Quebrada (divested 18 March 2026)

Chile

Divested0% ownedCopper

Divested18March2026; no further project asset value or recurring cash flows.

Other · Held
Ownership
0%d
Description
Divested Chile exploration subsidiary on 18 March 2026
Book value
—

d derivedr our researchg guidances study forecastm daily marketNo marker: as reported— / NM missing or not meaningful (hover for why)

Stock database

Other assets

Plants, holdings and assets valued inside a project
Adavale Resources listed shares · Equity investment · Held
Investee
Adavale Resources
Holding
—
Shares held
—
Market value
—
% of holder's market cap
—
Cost basis
—
Medallion Metals listed shares · Equity investment · Held
Investee
Medallion Metals
Holding
—
Shares held
30.00m
Market value
—
% of holder's market cap
—
Cost basis
—
Nagambie Resources listed shares · Equity investment · Held
Investee
Nagambie Resources
Holding
—
Shares held
166.70m
Market value
—
% of holder's market cap
—
Cost basis
—
Sky Metals listed shares · Equity investment · Held
Investee
Sky Metals
Holding
—
Shares held
9.00m
Market value
—
% of holder's market cap
—
Cost basis
—