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Alkane Resources Ltd
(Sydney:ALK)
Alkane Resources Ltd (ALK) vs. iShares MSCI Australia ETF (EWA)
Alkane Resources Ltd Business Overview & Revenue Model
Alkane Resources Ltd Financial Statement Overview
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 262.36M | 172.99M | 190.53M | 165.01M | 127.83M |
| Gross Profit | 51.59M | 29.85M | 71.22M | 57.30M | 57.37M |
| EBITDA | 103.03M | 62.93M | 97.75M | 137.32M | 71.12M |
| Net Income | 33.04M | 17.68M | 42.45M | 70.25M | 55.70M |
Balance Sheet | |||||
| Total Assets | 543.29M | 464.70M | 425.77M | 367.85M | 236.22M |
| Cash, Cash Equivalents and Short-Term Investments | 48.09M | 45.52M | 80.29M | 77.89M | 18.99M |
| Total Debt | 59.32M | 49.02M | 13.55M | 15.05M | 9.22M |
| Total Liabilities | 197.60M | 155.32M | 112.19M | 86.81M | 44.65M |
| Stockholders Equity | 345.69M | 309.37M | 300.00M | 268.87M | 191.56M |
Cash Flow | |||||
| Free Cash Flow | 13.93M | -82.59M | 3.75M | 2.96M | -15.00M |
| Operating Cash Flow | 71.98M | 52.90M | 95.55M | 86.48M | 71.12M |
| Investing Cash Flow | -78.66M | -123.52M | -91.43M | -33.24M | -102.73M |
| Financing Cash Flow | 9.25M | 35.84M | -1.72M | 5.67M | 2.26M |
Alkane Resources Ltd Technical Analysis
Alkane Resources Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $1.81B | 13.08 | 9.92% | ― | 51.66% | 86.35% | |
63 Neutral | AU$1.15B | 4.11 | 10.01% | ― | 153.02% | -85.25% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | AU$573.76M | -22,278.86 | ― | ― | ― | ― | |
51 Neutral | AU$677.29M | 6.46 | 6.29% | ― | ― | -267.46% | |
46 Neutral | AU$641.19M | -704.50 | -15.01% | ― | -3.61% | -49.39% | |
43 Neutral | AU$441.88M | 6.25 | -3.45% | ― | ― | 16.67% |
Alkane Resources Ltd Corporate Events
Alkane Resources has disclosed a significant change in the shareholdings of director Bradford Alan Mills, reflecting sizeable on-market sales executed through his associated entity CE Mining III MND Limited. Mills’ indirect holding was reduced by a total of 26,847,696 shares across two transactions valued at about A$45.2 million, while his direct holding remained unchanged.
Following these disposals, Mills’ indirect interest in Alkane fell from 128,385,831 to 101,538,135 shares, signalling a material but not controlling reduction in his exposure to the company. The sales, which occurred outside a closed trading period and with no change in contractual interests, may be closely watched by investors as an indicator of director sentiment and could influence market perceptions of Alkane’s near-term valuation and governance dynamics.
The most recent analyst rating on (AU:ALK) stock is a Buy with a A$2.20 price target. To see the full list of analyst forecasts on Alkane Resources Ltd stock, see the AU:ALK Stock Forecast page.
Alkane Resources has reported strong exploration results from the Kendal deposit, a near-mine antimony-rich system that continues up-dip from the high-grade Youle and Shepherd deposits at its Costerfield operation in Victoria. Recent infill and extension drilling has substantially expanded the known extent of the Kendal vein system, identifying previously unmined high-grade gold and antimony mineralisation close to historic workings.
The Kendal veins, including the 501 and 520 structures, have returned multiple high-grade intercepts over meaningful widths, supporting Alkane’s view of significant remaining near-surface potential. Development to access the extended Kendal system began in late 2025 and is progressing, positioning Costerfield’s processing plant to benefit from an additional source of high-grade ore and potentially underpinning sustained production and improved mine life for stakeholders.
The most recent analyst rating on (AU:ALK) stock is a Buy with a A$2.20 price target. To see the full list of analyst forecasts on Alkane Resources Ltd stock, see the AU:ALK Stock Forecast page.
Alkane Resources has reported new deep drilling and underground exploration results from its Tomingley Gold Operations, identifying a gold-bearing structure beneath the Roswell deposit and high-grade zones within the Western Monzodiorite domain. The extension of key drill holes into a seismic reflector suggests the presence of a major gold-arsenic fluid conduit, while drilling at nearby prospects El Paso and Westray has also intersected mineralised quartz veining, underscoring the potential to expand resources and extend mine life at Tomingley.
The latest assays from Roswell include several high-grade intercepts, with standout underground results such as 5.9 metres at 31g/t gold and narrow intervals exceeding 70g/t, reinforcing the grade continuity within the monzodiorite. Exploration at El Paso returned intercepts up to 17 metres at 4.02g/t gold, and management highlighted that deposits remain open at depth and along strike, signalling strong potential for further resource growth and supporting Alkane’s longer-term production profile in the region.
The most recent analyst rating on (AU:ALK) stock is a Buy with a A$2.20 price target. To see the full list of analyst forecasts on Alkane Resources Ltd stock, see the AU:ALK Stock Forecast page.
Alkane Resources has notified the market of the lapse of 313,348 FY2026 performance rights, which have ceased because the conditions attached to those rights were not met or can no longer be satisfied. The cessation of these securities reduces the company’s potential future equity dilution and may slightly adjust the structure of its long-term incentive arrangements for management and staff.
The update, lodged as an Appendix 3H, reflects routine capital management disclosure required under ASX rules and does not involve any new share issuance or cash transaction. While relatively technical, such changes can be relevant for investors tracking the company’s issued capital, outstanding performance rights, and the alignment of executive incentives with shareholder interests.
The most recent analyst rating on (AU:ALK) stock is a Buy with a A$2.20 price target. To see the full list of analyst forecasts on Alkane Resources Ltd stock, see the AU:ALK Stock Forecast page.
Alkane Resources Ltd has issued 313,348 unquoted performance rights for FY2026 under its employee incentive scheme, effective 23 February 2026. These securities are subject to transfer restrictions and will not be quoted on the ASX until those restrictions lapse, indicating an ongoing use of equity-based compensation to align staff incentives with the company’s future performance and shareholder interests.
The most recent analyst rating on (AU:ALK) stock is a Buy with a A$2.20 price target. To see the full list of analyst forecasts on Alkane Resources Ltd stock, see the AU:ALK Stock Forecast page.
Nagambie Resources has confirmed that a key condition for its proposed joint venture with Alkane Resources’ Costerfield Operations has been met after Southern Cross Gold Consolidated chose not to exercise its Right of First Refusal. The waiver of this right, originally granted under a 2020 share subscription agreement, clears a significant hurdle for the Alkane–Nagambie Joint Venture, allowing both parties to move ahead with satisfying remaining conditions precedent and bringing the transaction closer to completion.
The company indicated it will continue working with Alkane to finalise outstanding requirements and intends to provide further market updates as progress is made. The development reduces contractual uncertainty around the deal structure and strengthens the likelihood that the joint venture will proceed, which could be material for Nagambie’s project pipeline and its strategic positioning in the Victorian gold sector.
The most recent analyst rating on (AU:ALK) stock is a Buy with a A$2.20 price target. To see the full list of analyst forecasts on Alkane Resources Ltd stock, see the AU:ALK Stock Forecast page.
Alkane Resources, an Australia-based gold and antimony producer, operates three wholly owned underground and open pit mines in New South Wales, Victoria and Sweden, focusing on growing its resource base through near-mine exploration. The company also holds the large Boda-Kaiser gold-copper porphyry project in Central West New South Wales and continues to explore the broader Northern Molong Porphyry Project to enhance eastern Australia’s profile as a gold, copper and antimony production hub.
Alkane announced that Managing Director and CEO Nic Earner is presenting to investors at the BMO 35th Global Metals, Mining & Critical Minerals Conference in Miami, as well as at the Red Cloud Pre-PDAC Mining Showcase and the PDAC Mineral Exploration & Mining Convention in Toronto. The attached presentation for these high-profile industry events underlines Alkane’s efforts to engage global investors and highlight its multi-mine production base and growth projects, potentially strengthening its capital markets visibility and positioning within the metals and critical minerals sector.
The most recent analyst rating on (AU:ALK) stock is a Buy with a A$2.20 price target. To see the full list of analyst forecasts on Alkane Resources Ltd stock, see the AU:ALK Stock Forecast page.
Alkane Resources will release its first half and second quarter financial and operating results for the period ending 31 December 2025 on 13 February 2026, before TSX trading, and will host a conference call and webcast led by its CEO and CFO for investors and analysts. Presentation materials, a replay of the webcast and a channel for investor questions via the company’s website are intended to enhance transparency and engagement with stakeholders around the company’s operating performance and growth trajectory.
The most recent analyst rating on (AU:ALK) stock is a Buy with a A$1.50 price target. To see the full list of analyst forecasts on Alkane Resources Ltd stock, see the AU:ALK Stock Forecast page.
Alkane Resources Ltd has reported a change in the shareholding of director Frazer William Bourchier, in line with ASX disclosure requirements. Bourchier conducted a series of on‑market share sales over three consecutive days in late January 2026, disposing of a total of 460,912 Alkane shares for consideration denominated in Canadian dollars, and reducing his direct holding from 3,840,928 to 3,380,016 ordinary shares; the company noted the trades did not occur during a closed period, indicating standard course personal dealing rather than activity subject to trading restrictions.
The most recent analyst rating on (AU:ALK) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on Alkane Resources Ltd stock, see the AU:ALK Stock Forecast page.
Alkane Resources reported record quarterly group production for the three months to 31 December 2025, delivering 43,663 gold-equivalent ounces at an all-in sustaining cost of $2,739 per ounce and site operating cash flow of $133 million. The strong result, driven by improved output at Tomingley and the first full quarter of production from Björkdal and Costerfield post-merger, lifted cash, bullion and listed investments to $246 million despite tax payments, while quarterly sales of 44,084 gold-equivalent ounces generated revenue of $256 million at robust realised gold and antimony prices; simultaneous high-grade exploration successes at Storheden and Tomingley, and progress on key infrastructure such as the Newell Highway realignment, reinforce Alkane’s production guidance of 160,000–175,000 gold-equivalent ounces for FY26 and strengthen its operational and balance-sheet position for stakeholders.
The most recent analyst rating on (AU:ALK) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on Alkane Resources Ltd stock, see the AU:ALK Stock Forecast page.
Alkane Resources reported a solid December 2025 quarter with production of 43,663 ounces of gold equivalent from its Tomingley, Costerfield and Björkdal operations, including 42,767 ounces of gold and 267 tonnes of antimony, while group year-to-date output reached 80,070 gold-equivalent ounces. The miner ended the quarter with A$246 million in cash, bullion and listed investments, up A$55 million despite an A$11 million income tax payment, remains effectively debt free apart from A$22 million in equipment finance, and reaffirmed its FY2026 production guidance of 160,000–175,000 gold-equivalent ounces at an all-in sustaining cost of A$2,600–A$2,900 per ounce, underscoring strengthened financial capacity and operational stability following the integration of its three mine portfolio.
The most recent analyst rating on (AU:ALK) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Alkane Resources Ltd stock, see the AU:ALK Stock Forecast page.
Alkane Resources Limited has applied for quotation on the ASX of 823 new ordinary fully paid shares issued on 7 January 2026 under its Bonus Employee Share Plan. The new securities, valued at A$1,000 and granted to an eligible employee, reflect the company’s continued use of equity-based remuneration to incentivise staff and minimally expand its share capital without a material impact on existing shareholders.
The most recent analyst rating on (AU:ALK) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Alkane Resources Ltd stock, see the AU:ALK Stock Forecast page.