Overview of Alkane Resources Ltd's Annual Resources and Reserves Statement for FY24

Alkane Resources Ltd (ASX:ALK) has released its Annual Resources and Reserves Statement for FY24, detailing a total mineral resource base of 10.0 million ounces of gold, with 68% classified as Measured and Indicated. The company continued underground mining at various deposits and commenced ore mining at the Roswell deposit. Significant drilling programs were completed to expand and refine resources/reserves at the Tomingley underground operation and the Boda-Kaiser gold-copper deposits. Additionally, a scoping study for the development of Boda-Kaiser was released, demonstrating sound financial parameters.

Executive Commentary on Alkane Resources Ltd's Annual Resources and Reserves Statement

The company's Mineral Resource base totaling 10.0 million ounces of gold, with 68% classified as Measured and Indicated, reflects the successful execution of our exploration and drilling programs. We are pleased with the progress at the Tomingley Gold Operations and the commencement of ore mining at the Roswell deposit. The completion of significant drilling programs to expand and refine resources/reserves at the Tomingley underground operation and the Boda-Kaiser gold-copper deposits underscores our commitment to sustainable resource development. The scoping study for the development of Boda-Kaiser demonstrates the project's strong financial viability, further enhancing our confidence in its potential.

Summary of Alkane Resources Ltd's Annual Resources and Reserves Statement and Outlook

Alkane Resources Ltd's Annual Resources and Reserves Statement for FY24 highlights the company's robust mineral resource base and successful drilling programs. The focus on expanding and refining resources/reserves at the Tomingley underground operation and the Boda-Kaiser gold-copper deposits demonstrates the company's commitment to sustainable resource development. The release of a scoping study for the development of Boda-Kaiser further strengthens the company's position, showcasing sound financial parameters. With governance arrangements and internal controls in place, Alkane Resources Ltd continues to maintain compliance and transparency in its estimates of Mineral Resources and Ore Reserves. The company's operations, including the Tomingley Gold Operations and the Tomingley Gold Extension Project, remain focused on gold extraction in Central New South Wales, with a strong emphasis on environmental compliance and economic factors. The completion of most site rehabilitation at the Peak Hill Gold Project and the progress at the Northern Molong Porphyry Project further contribute to the company's overall positive outlook.