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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$193.43M which is a fall of roughly 24% over the last eleven months. As of 09/08/2023 they have ~A$9M debt and ~A$51.8M 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 $193.43M 09/08/2023 $-61.00M
Total Assets: $263.75M $270.17M 09/08/2023 $6.42M
Total Liabilities: $71.70M $73.44M 09/08/2023 $1.75M
Current Assets: $68.50M $70.16M 09/08/2023 $1.67M
Current Liabilities: $27.53M $28.20M 09/08/2023 $0.67M
Total Debt: $8.32M $8.52M 09/08/2023 $0.20M
Cash: $50.57M $51.80M 09/08/2023 $1.23M
Enterprise Value: $212.18M $150.15M 10/04/1974 $-62.03M
Cash Flow: $30.44M $57.58M never $27.14M
Cash Flow Multiple: 8.36 3.36 never -5.00
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) 
5,560,308		 09/08/2023 110,592
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 06/28/2024 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
Total: $1,450 $1,500 05/03/2024 $50.00
Margin (Free Cash Flow): $468 (24%) $886 (37%) $417.50
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% 06/28/2024 -5.00%
F
U
T
U
R
E		 Proven & Probable: 5.00M 5.00M 09/08/2023 0.00M
Annual Production: 250,000oz. 200,000oz. 06/28/2024 -50,000oz.
Cash Cost: $1,000 $1,100 05/03/2024 $100
Extra Operating Cost: $500 $550 06/28/2024 $50
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
Total: n/a n/a 09/08/2023 $0.00
Margin (Free Cash Flow): n/a $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 0.43M
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 -0.71M
Maximum Profit (Gold): $99.51M $177.16M n/a $77.65M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $99.51M $177.16M n/a $77.65M
Max Profit / Current MCap: 0.391 0.916 n/a 0.525
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 $967.14 n/a $-230.16
FD MCap / Silver Eq.: $14.28 $11.31 n/a $-2.97
FD MCap / Per Metal
as % Spot Price:		 62.41% 40.54% n/a -21.88%
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 1.11M
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 -1.61M
Maximum Profit (Gold): $226.89M $403.92M n/a $177.03M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $226.89M $403.92M n/a $177.03M
Max Profit / Current MCap: 0.892 2.088 n/a 1.196
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 $0.18 n/a $0.18
FD MCap / Gold Eq.: $525.13 $424.18 n/a $-100.95
FD MCap / Silver Eq.: $6.26 $4.96 n/a $-1.30
FD MCap / Per Metal
as % Spot Price:		 27.37% 17.78% n/a -9.60%

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 9.61M
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 -8.69M
Maximum Profit (Gold): $1,222.03M $2,175.52M n/a $953.50M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $1,222.03M $2,175.52M n/a $953.50M
Max Profit / Current MCap: 4.803 11.247 n/a 6.444
Max Profit Per Share (Gold): $1.97 $3.50 n/a $1.54
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $1.97 $3.50 n/a $1.54
Total Free Profit Per Share: $1.33 $3.03 n/a $1.70
FD MCap / Gold Eq.: $97.50 $78.76 n/a $-18.74
FD MCap / Silver Eq.: $1.16 $0.92 n/a $-0.24
FD MCap / Per Metal
as % Spot Price:		 5.08% 3.30% n/a -1.78%

Future Valuation (Cash Flow & Totals)

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