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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$246.32M which is a fall of roughly 3% over the last eight months. As of 09/08/2023 they have ~A$9M debt and ~A$52.23M 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 $246.32M 09/08/2023 $-8.11M
Total Assets: $263.75M $272.37M 09/08/2023 $8.62M
Total Liabilities: $71.70M $74.04M 09/08/2023 $2.34M
Current Assets: $68.50M $70.74M 09/08/2023 $2.24M
Current Liabilities: $27.53M $28.43M 09/08/2023 $0.90M
Total Debt: $8.32M $8.59M 09/08/2023 $0.27M
Cash: $50.57M $52.23M 09/08/2023 $1.65M
Enterprise Value: $212.18M $202.69M 06/03/1976 $-9.49M
Cash Flow: $30.44M $55.70M never $25.26M
Cash Flow Multiple: 8.36 4.42 never -3.94
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) 
5,375,386		 09/08/2023 -74,330
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 05/03/2024 n/a
Future MCap Modifier: 0.2
Producer: Growth Potential
 0.2
Producer: Growth Potential
 04/24/2023 0
Cash Flow Multiplier: 10 8 05/03/2024 -2.00

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 $500 05/03/2024 $50.00
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% 05/03/2024 -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 $1,100 05/03/2024 $100
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 -0.29M
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 -1.28M
Maximum Profit (Gold): $99.51M $171.38M n/a $71.87M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $99.51M $171.38M n/a $71.87M
Max Profit / Current MCap: 0.391 0.696 n/a 0.305
Max Profit Per Share (Gold): $0.16 $0.28 n/a $0.12
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.16 $0.28 n/a $0.12
Total Free Profit Per Share: $0.00 $0.00 n/a $0.00
FD MCap / Gold Eq.: $1,197.30 $1,231.60 n/a $34.30
FD MCap / Silver Eq.: $14.28 $14.89 n/a $0.61
FD MCap / Per Metal
as % Spot Price:		 62.41% 52.26% n/a -10.16%
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 -0.74M
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 -2.91M
Maximum Profit (Gold): $226.89M $390.75M n/a $163.86M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $226.89M $390.75M n/a $163.86M
Max Profit / Current MCap: 0.892 1.586 n/a 0.695
Max Profit Per Share (Gold): $0.37 $0.63 n/a $0.26
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.37 $0.63 n/a $0.26
Total Free Profit Per Share: $0.00 $0.03 n/a $0.03
FD MCap / Gold Eq.: $525.13 $540.17 n/a $15.04
FD MCap / Silver Eq.: $6.26 $6.53 n/a $0.27
FD MCap / Per Metal
as % Spot Price:		 27.37% 22.92% n/a -4.46%

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 -6.46M
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 -15.68M
Maximum Profit (Gold): $1,222.03M $2,104.55M n/a $882.52M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $1,222.03M $2,104.55M n/a $882.52M
Max Profit / Current MCap: 4.803 8.544 n/a 3.741
Max Profit Per Share (Gold): $1.97 $3.39 n/a $1.42
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $1.97 $3.39 n/a $1.42
Total Free Profit Per Share: $1.33 $2.79 n/a $1.46
FD MCap / Gold Eq.: $97.50 $100.29 n/a $2.79
FD MCap / Silver Eq.: $1.16 $1.21 n/a $0.05
FD MCap / Per Metal
as % Spot Price:		 5.08% 4.26% n/a -0.83%

Future Valuation (Cash Flow & Totals)

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