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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$229.3M which is a fall of roughly 10% over the last ten months. As of 09/08/2023 they have ~A$9M debt and ~A$53.52M 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 $229.30M 09/08/2023 $-25.13M
Total Assets: $263.75M $279.13M 09/08/2023 $15.38M
Total Liabilities: $71.70M $75.88M 09/08/2023 $4.18M
Current Assets: $68.50M $72.49M 09/08/2023 $4.00M
Current Liabilities: $27.53M $29.13M 09/08/2023 $1.61M
Total Debt: $8.32M $8.81M 09/08/2023 $0.49M
Cash: $50.57M $53.52M 09/08/2023 $2.95M
Enterprise Value: $212.18M $184.58M 11/07/1975 $-27.59M
Cash Flow: $30.44M $58.97M never $28.53M
Cash Flow Multiple: 8.36 3.89 never -4.47
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) 
5,108,325
09/08/2023 -341,391
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%) $907 (38%) $438.90
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 -1.31M
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 -2.10M
Maximum Profit (Gold): $99.51M $181.44M n/a $81.93M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $99.51M $181.44M n/a $81.93M
Max Profit / Current MCap: 0.391 0.791 n/a 0.400
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 $1,146.48 n/a $-50.82
FD MCap / Silver Eq.: $14.28 $14.59 n/a $0.31
FD MCap / Per Metal
as % Spot Price:
62.41% 47.63% n/a -14.79%
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 -3.41M
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 -4.78M
Maximum Profit (Gold): $226.89M $413.68M n/a $186.79M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $226.89M $413.68M n/a $186.79M
Max Profit / Current MCap: 0.892 1.804 n/a 0.912
Max Profit Per Share (Gold): $0.37 $0.67 n/a $0.30
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.37 $0.67 n/a $0.30
Total Free Profit Per Share: $0.00 $0.12 n/a $0.12
FD MCap / Gold Eq.: $525.13 $502.84 n/a $-22.29
FD MCap / Silver Eq.: $6.26 $6.40 n/a $0.13
FD MCap / Per Metal
as % Spot Price:
27.37% 20.89% n/a -6.49%

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 -29.67M
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 -25.77M
Maximum Profit (Gold): $1,222.03M $2,228.08M n/a $1,006.05M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $1,222.03M $2,228.08M n/a $1,006.05M
Max Profit / Current MCap: 4.803 9.717 n/a 4.914
Max Profit Per Share (Gold): $1.97 $3.59 n/a $1.62
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $1.97 $3.59 n/a $1.62
Total Free Profit Per Share: $1.33 $3.04 n/a $1.72
FD MCap / Gold Eq.: $97.50 $93.36 n/a $-4.14
FD MCap / Silver Eq.: $1.16 $1.19 n/a $0.03
FD MCap / Per Metal
as % Spot Price:
5.08% 3.88% n/a -1.20%

Future Valuation (Cash Flow & Totals)

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