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Asia

Alkane Resources Updates Mineral Resource for Sweden Deposit After Drilling Intercepts Gold-Bearing Quartz Veins

Alkane Resources (ASX:ALK) updated the mineral resource for the Storheden deposit at its Björkdal operation in Sweden after recent drilling intercepted gold-bearing quartz veins along 2.7 kilometers strike length and to a depth of 464 meters, according to a Wednesday Australian bourse filing.The mineral resource now includes indicated resources of 1.1 million tonnes grading 2.51 grams per tonne (g/t) grade of gold, or 87,000 ounces and inferred resources of 1.9 million tonnes grading 2.11 g/t grade of gold, or 125,000 ounces, the company said. This represents an increase of around 26% in inferred contained gold from the previous inferred resource.The drilling delivered assays of 39.2 g/t grade of gold over 0.6 meters, as well as 107 g/t grade of gold over 0.4 meters.The company's shares climbed nearly 2% in recent trading on Wednesday.

ASX:ALK
Asia

Alkane Resources Remains 'Preferred Gold Producer' After Beating June Quarter Production Expectations, Euroz Hartleys Says

Alkane Resources' (ASX:ALK) consolidated June quarter production of 42,500 gold equivalent ounces was slightly ahead of expectations, and the company remains "a preferred gold producer," Euroz Hartleys said in a Tuesday note.The June quarter saw Alkane post a cash build of AU$104 million for free cash flow of AU$214 million over the course of the second half of fiscal year 2026, beating Euroz Hartleys' June quarter free cash flow forecast of AU$69 million largely due to higher sales.The company also proposed its first-ever, fully franked dividend of AU$0.02 per share. Going forward, the investment firm said it now models flat interim and final dividends of AU$0.01 per share in the absence of a formal dividend policy.The equity research firm adjusted its fiscal year 2027 production estimate for Alkane lower to 172,000 gold equivalent ounces and an all-in sustaining cost forecast higher to AU$2,902 per ounce. It also revised its modelled nine-year mine plan at the Björkdal asset in Sweden, where production is expected to rise and costs to fall as lower-grade surface stockpile feed is displaced by higher-grade feed from additional production areas.Euroz Hartleys maintained a buy rating on Alkane Resources while lowering the target price to AU$2.28 per share from AU$2.53.The company's shares gained 4% in recent Wednesday trade.

ASX:ALK
Asia

Alkane Resources Achieves Fiscal Year 2026 Production Guidance; Proposes Maiden Dividend

Alkane Resources (ASX:ALK) said it delivered on fiscal year 2026 guidance with production of 168,337 gold equivalent ounces at an all-in sustaining cost (AISC) of AU$2,925 per ounce, at the top half of its guidance, according to a Tuesday filing with the Australian bourse.For the fiscal fourth quarter, the company reported production of 42,491 gold equivalent ounces at an AISC of AU$3,011 per ounce. Site operating cash flow for the quarter was AU$174 million, per the filing.Alkane guided for fiscal year 2027 production of 163,000 to 177,000 ounces of gold equivalent at an AISC of AU$2,900 to AU$3,200 per ounce. Group exploration expenditure is expected to be between AU$55 million and AU$65 million, while growth capital is expected in a range of AU$160 million to AU$190 million.The company proposed its first-ever dividend of AU$0.02 per share, fully franked.

ASX:ALK
Asia

Alkane Resources Intersects High-Grade Gold, Antimony at Victoria Project

Alkane Resources (ASX:ALK) intersected high-grade gold and antimony mineralization during recent diamond drilling at the Brunswick South deposit of its Costerfield operation in central Victoria, according to a Tuesday Australian bourse filing.The results were of up to 50.1 grams per tonne gold and 26.2% antimony over 2.17 meters, with drilling continuing to identify extensions to the deeper gold-dominant Kiwi zone, the filing added.An updated mineral resource estimate with an initial ore reserve is due to be released later in the year, it added.

ASX:ALK
Asia

Alkane Resources' June Quarter Production, Cash Build Surpassed Expectations, Euroz Hartleys Says

Alkane Resources' (ASX:ALK) consolidated June quarter production of around 42,500 ounces of gold equivalent was ahead of Euroz Hartleys' expectation of 41,500 ounces, the investment firm said in a Wednesday note.The company's June quarter cash build of roughly AU$104 million also beat Euroz Hartleys' estimate on higher sales, taking its fiscal year 2026 exit cash position to AU$432 million.Alkane Resources generated free cash flow of around AU$314 million over fiscal year 2026 and is capable of generating an additional AU$276 million through fiscal year 2027, the equity research firm said, adding that it expects the company's capital management framework to come into focus ahead of the release of full-year results.Euroz Hartleys' latest published forecasts for the company reflect around 9% year-over-year growth in group production to 185,000 ounces of gold equivalent at an all-in sustaining cost of about AU$2,400 per ounce over fiscal year 2027.It maintained a buy rating and AU$2.53 per share price target on Alkane Resources, saying that the company "remains serially overlooked" given its earnings multiples and strong execution in the 12 months through June.Alkane Resources shares fell 2% in recent Thursday trade.

ASX:ALK
Asia

Alkane Resources Says Drilling at Sweden Gold Mine Boosts Confidence in Understanding of Geography

Alkane Resources (ASX:ALK) said extension and infill drilling at the Björkdal gold mine in Sweden boosted confidence in the understanding of vein geometry and grade-controlling structures, according to a Thursday Australian bourse filing.The company completed an additional 29 drill holes targeting the eastern and northern extensions of the Björkdal mine, encountering intercepts of 81.3 grams per tonnes (g/t) grade of gold over 4.4 meters as well as 31.5 g/t grade of gold over 0.85 meters.Mineralization remains open at depth and along strike in both the Northern extension and Eastern extension target areas, the company said.Alkane Resources' shares fell past 1% in early trading on Thursday.

ASX:ALK
Asia

Alkane Resources Intersects Nearly 58 Grams Per Tonne Grade of Gold at Victoria Deposit

Alkane Resources (ASX:ALK) intersected nearly 58 grams per tonne (g/t) grade of gold and 25% antimony over 0.25 meters during drilling of the True Blue deposit in Victoria, according to a Monday filing with the Australian bourse.Further results from the Freeman veining within the deposit include nearly 21 (g/t) grade of gold and almost 20% antimony over 0.31 meters, 4.3 g/t grade of gold and 6.4% antimony over 0.8 meters, and 30 g/t grade of gold and nearly 15% antimony over 0.27 meters, the filing said.Drilling mainly targeted infill of the upper portion of the deposit, boosting confidence in understanding the vein geometry and grade-controlling structures, per the filing.

ASX:ALK
Asia

ASX Biggest Losers

Here are the ASX-listed companies with the biggest losses on Wednesday.Predictive Discovery (ASX:PDI): -8%, AU$0.86Beach Energy (ASX:BPT): -7%, AU$0.87Orezone Gold (ASX:ORE): -6%, AU$2.28Ora Banda Mining (ASX:OBM): -5%, AU$1.17Alkane Resources (ASX:ALK): -5%, AU$1.52Arafura Rare Earths (ASX:ARU): -5%, AU$0.25Resolute Mining (ASX:RSG): -5%, AU$1.03Genesis Minerals (ASX:GMD): -4%, AU$5.57Catalyst Metals (ASX:CYL): -4%, AU$5.48Capricorn Metals (ASX:CMM): -4%, AU$12.76

ASX 200ASX:ALKASX:ARUASX:BPTASX:CMMASX:CYLASX:GMDASX:OBMASX:OREASX:PDIASX:RSG
Asia

Alkane Resources Expands Boda-Kaiser System at New South Wales Project With Breccia Intercept

Alkane Resources (ASX:ALK) reported new drilling from its Northern Molong Porphyry Project in New South Wales, including breccia-style mineralization between Boda and Kaiser, according to an Australian bourse filing on Wednesday after market hours.The drilling program included one diamond hole and multiple reverse circulation (RC) holes targeting structural and geophysical features between and surrounding the Boda and Kaiser deposits, as well as additional RC drilling at the Haddington and Glen Hollow prospects within the Comobella Intrusive Complex, per the filing.Assay results included 23.5 meters grading 0.2 grams per tonne gold and 0.1% copper, including 3.2 meters at 0.3 grams per tonne gold and 0.2% copper in the Boda-Kaiser corridor, 9 meters at 0.3 grams per tonne gold near the deposit, and 3 meters at 1.7 grams per tonne gold in district exploration, the filing said.The program intersected magmatic-hydrothermal brecciation and porphyry-style alteration, with additional work planned to test continuity along strike and up-dip.Mobile magnetotellurics geophysical work has identified six new high-priority porphyry targets north of the main deposits, which are now being validated on the ground, the filing added.

ASX:ALK
Asia

Nagambie Resources Says Alkane Unit Begins Drilling At Victoria Antimony-Gold Project

Nagambie Resources (ASX:NAG) said Mandalay Resources Costerfield Operations, a wholly-owned unit of Alkane Resources (ASX:ALK) began diamond drilling of the antimony-gold project at the Nagambie mine in Victoria, according to a Wednesday Australian bourse filing.Nagambie and Alkane earlier entered into an earn-in and potential joint venture over Nagambie's mining license MIN 5412 and exploration license EL 5511. Alkane will provide Nagambie with quarterly reports on exploration activities across the tenements to support Nagambie's ASX disclosure obligations, per the filing.Alkane's shares rose 1% in recent trading on Wednesday.

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Asia

Australian Shares Flat; Electro Optic Systems Amends Terms for Acquisition of MARSS Group Assets

Australian shares receded on Friday as ⁠US Treasury yields rose to the highest level in nearly a year.The S&P/ASX 200 Index was little changed to close at 8,630.80.Brent crude oil futures climbed to around $107 per barrel as the Strait of Hormuz remained closed. Copper prices retreated from a record high, while gold prices fell towards $4,600 per ounce.The 30-year US Treasury yield rose to 5.067%, the highest since July 2025, Reuters reported.On the domestic front, trimmed mean inflation in Australia is forecast to have risen 0.3% month-over-month in April, which would see annual growth accelerate to 3.4% and three-month annualized growth around 3.2%, ANZ said.Headline inflation is likely to have risen 0.5% month-over-month, or 4.3% on an annual basis.In company news, Electro Optic Systems Holdings (ASX:EOS) agreed revised agreement terms for its acquisition of the assets of the MARSS group business. The upfront payment of $36 million for MARSS will be made on Friday, and the receipt of the funds by the MARSS vendors and the completion of the acquisition are expected in the coming days. Its shares rose 3% on market close.ClearView Wealth (ASX:CVW) said the Australian Competition and Consumer Commission (ACCC) ruled that the proposed acquisition of all of its shares by Zurich Financial Services Australia through a members' scheme of arrangement may be put into effect. Its shares closed up 1%.Lastly, Alkane Resources (ASX:ALK) reported fiscal third-quarter earnings of AU$0.0675 per share, up from AU$0.0132 a year earlier. Revenue for the three months ended March 31 was AU$274.4 million, compared with AU$63.2 million a year earlier. Its shares fell 3% on market close.

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Asia

ASX Preview: Australian Shares Set to Rise as Oil Steadies; Alkane Resources Posts Higher Fiscal Q3 Earnings, Revenue

Australian shares are poised to rise on Friday as oil prices held steady near recent highs, with Brent crude around $106 a barrel, after reports of limited but disrupted shipping through the Strait of Hormuz kept geopolitical supply risks elevated despite mixed signals on global demand and interest rate concerns.Overnight, the S&P 500 and the Dow Jones Industrial Average each rose 0.8%, while the Nasdaq Composite gained 0.9%.In the macroeconomy, investors are eyeing the release of the Melbourne Institute consumer inflation expectations report.In corporate news, Alkane Resources (ASX:ALK) reported Friday fiscal third-quarter earnings of AU$0.0675 per share on revenue of AU$274.4 million, compared with earnings of AU$0.0132 on revenue of AU$63.2 million a year earlier.Billionaire Olivier Goudet and Luxembourg's Platin have increased their stake in Treasury Wine Estates (ASX:TWE), with voting power rising to 9.04% from 8.14%.Australia's benchmark index rose 0.1% or 10.3 points to close at 8,640.70 on Thursday.

ASX 200ASX:ALKASX:TWE
Asia

Alkane Resources Posts Higher Fiscal Q3 Earnings, Revenue; Reaffirms Fiscal 2026 Outlook

Alkane Resources (ASX:ALK) reported Friday fiscal third-quarter earnings of AU$0.0675 per share, up from AU$0.0132 a year earlier.Analysts polled by FactSet expected earnings of AU$0.06.Revenue for the three months ended March 31 was AU$274.4 million, compared with AU$63.2 million a year earlier. Analysts surveyed by FactSet expected AU$275 million.The company reaffirmed its attributable fiscal 2026 consolidated gold-equivalent production of between 155,000 and 168,000 ounces, with all-in sustaining costs of between AU$2,600 and AU$2,900 per ounce.

ASX:ALK
Asia

Alkane Resources' March Quarter Production Beat Driven by Higher-Than-Modeled Head Grades, Euroz Hartleys Says

Alkane Resources (ASX:ALK) delivered a material production beat in the March quarter, driven mainly by higher-than-modeled head grades across its operations, a small beat on throughput at its Tomingley gold project in New South Wales, as well as higher recoveries at the Bjorkdal gold mine in Sweden, Euroz Hartleys said in an April 24 note.The company reported consolidated production of abut 45,800 ounces of gold equivalent, an early group record, Euroz Hartleys said.The equity research firm noted that Alkane Resources remains debt-free with the exception of AU$20 million in equipment financing, while the execution of an undrawn AU$110 million revolving facility and a AU$40 million contingent instrument facility provides liquidity to act fast on emerging opportunities.The company is on track to surpass the midpoint of fiscal 2026 guidance of 160,000 to 175,000 ounces of gold equivalent production at all-in sustaining costs of AU$2,600 to AU$2,900 per ounce. However, Euroz Hartleys expects softer quarter-over-quarter production in the three months through June due to lower head grades across the group.Euroz Hartleys kept a buy rating on the company while adjusting its price target to AU$2.53 from AU$2.50.

ASX:ALK
Asia

Alkane Resources Posts Higher Q3 Gold Production, Reiterates Fiscal Year 2026 Production Guidance

Alkane Resources (ASX:ALK) said fiscal third-quarter gold equivalent production was 45,776 ounces at an all-in sustaining cost (AISC) of AU$2,928 per ounce, with site operating cash flow of AU$189 million for the quarter, according to a Thursday Australian bourse filing.The company reported gold production of 17,656 ounces in the same period a year prior, an earlier filing showed.The company said gold equivalent sales for the quarter were 43,373 ounces for revenue of AU$275 million, at an average gold price of AU$6,330 per ounce and an average antimony price of AU$34,394 per tonne.Cash, bullion, and listed investment balance stood at AU$374 million after AU$16 million of corporate income tax payments during the quarter, with an AU$110 million revolving credit facility and AU$40 million contingent instrument facility executed during the quarter, the filing added.The company added that its full-year group guidance remains at 160,000 to 175,000 ounces of gold equivalent at AISC of AU$2,600 to AU$2,900 per ounce.The company was included in the S&P/ASX 200 effective on April 22, the filing said.Its shares fell 2% in recent Thursday trade.

ASX:ALK

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