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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$265.89M which is a rise of roughly 5% over the last eight months. As of 09/08/2023 they have ~A$8M debt and ~A$51.64M 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 $265.89M 09/08/2023 $11.46M
Total Assets: $263.75M $269.32M 09/08/2023 $5.57M
Total Liabilities: $71.70M $73.21M 09/08/2023 $1.51M
Current Assets: $68.50M $69.94M 09/08/2023 $1.45M
Current Liabilities: $27.53M $28.11M 09/08/2023 $0.58M
Total Debt: $8.32M $8.50M 09/08/2023 $0.18M
Cash: $50.57M $51.64M 09/08/2023 $1.07M
Enterprise Value: $212.18M $222.75M 01/21/1977 $10.57M
Cash Flow: $30.44M $57.69M never $27.25M
Cash Flow Multiple: 8.36 4.61 never -3.75
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) 
5,596,225		 09/08/2023 146,509
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 03/24/2024 n/a
Future MCap Modifier: 0.2
Producer: Growth Potential
 0.2
Producer: Growth Potential
 04/24/2023 0
Cash Flow Multiplier: 10 10 04/17/2023 0.00

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 $450 09/08/2023 $0.00
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% 03/24/2024 -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 $1,000 09/08/2023 $0
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 0.56M
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 -0.60M
Maximum Profit (Gold): $99.51M $177.50M n/a $77.99M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $99.51M $177.50M n/a $77.99M
Max Profit / Current MCap: 0.391 0.668 n/a 0.276
Max Profit Per Share (Gold): $0.16 $0.29 n/a $0.13
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.16 $0.29 n/a $0.13
Total Free Profit Per Share: $0.00 $0.00 n/a $0.00
FD MCap / Gold Eq.: $1,197.30 $1,329.45 n/a $132.15
FD MCap / Silver Eq.: $14.28 $15.44 n/a $1.16
FD MCap / Per Metal
as % Spot Price:		 62.41% 56.87% n/a -5.54%
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 1.47M
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 -1.36M
Maximum Profit (Gold): $226.89M $404.70M n/a $177.81M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $226.89M $404.70M n/a $177.81M
Max Profit / Current MCap: 0.892 1.522 n/a 0.630
Max Profit Per Share (Gold): $0.37 $0.65 n/a $0.29
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.37 $0.65 n/a $0.29
Total Free Profit Per Share: $0.00 $0.00 n/a $0.00
FD MCap / Gold Eq.: $525.13 $583.09 n/a $57.96
FD MCap / Silver Eq.: $6.26 $6.77 n/a $0.51
FD MCap / Per Metal
as % Spot Price:		 27.37% 24.95% n/a -2.43%

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 12.73M
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 -7.33M
Maximum Profit (Gold): $1,222.03M $2,179.70M n/a $957.67M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $1,222.03M $2,179.70M n/a $957.67M
Max Profit / Current MCap: 4.803 8.198 n/a 3.395
Max Profit Per Share (Gold): $1.97 $3.51 n/a $1.54
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $1.97 $3.51 n/a $1.54
Total Free Profit Per Share: $1.33 $2.85 n/a $1.53
FD MCap / Gold Eq.: $97.50 $108.26 n/a $10.76
FD MCap / Silver Eq.: $1.16 $1.26 n/a $0.09
FD MCap / Per Metal
as % Spot Price:		 5.08% 4.63% n/a -0.45%

Future Valuation (Cash Flow & Totals)

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