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Alkane Resources Capital/Financing Update 2025

Apr 6, 2025

48579_rns_2025-04-06_01a4c7e5-dc09-471f-b24b-3ac7bf41a600.pdf

Capital/Financing Update

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ASX and MEDIA RELEASE

7 April 2025

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High-Grade Intercepts in Resource Expansion Drilling at Tomingley Caloma and Roswell Return Significant Results

  • Underground core drilling at Tomingley is focused on defining extensions to resources as well as pre-mining grade control within existing defined resources and reserves.

  • At the Caloma One deposit, underground resource expansion drilling of 71 holes for 15,264 metres tested mineralised structures adjacent to the defined resources. These are known as Lodes 13, 18, 19, 54 and 58, with individual drill holes often intercepting multiple lodes. Selected intercepts include:

CL1UG128D 10.8 metres grading 4.73g/t Au from 116.8 metres; incl 1 metre grading 31.30g/t Au from 126.6 metres. CL1UG238D 6 metres grading 29.92g/t Au from 84 metres. CL1UG250D 4.5 metres grading 28.48g/t Au from 181 metres; incl 2.7 metres grading 36.55g/t Au from 118 metres. CL1UG253D 3.1 metres grading 196.95g/t Au from 115.4 metres; incl 1 metre grading 589g/t Au from 116 metres. CL1UG260D 6.5 metres grading 6.92g/t Au from 145.7 metres; incl 2.3 metres grading 15.57g/t Au from 145.7 metres. CL1UG283D 6.4 metres grading 13.50g/t Au from 103 metres; incl 0.8 metres grading 46.70g/t Au from 105.2 metres; also 0.8 metres grading 32.10g/t Au from 107 metres. CL1UG287D 8.5 metres grading 9.25g/t Au from 83 metres; incl 1 metres grading 21.30g/t Au from 83 metres; also 0.8 metres grading 33.20g/t Au from 86 metres; also 0.8 metres grading 17.45g/t Au from 90.7 metres CL1UG289D 8 metres grading 16.98g/t Au from 83 metres; incl 2.8 metres grading 39.65g/t Au from 86 metres. CL1UG292D 8 metres grading 25.47g/t Au from 75 metres; incl 3.2 metres grading 62.38g/t Au from 76 metres. CL1UG297D 7.4 metres grading 5.89g/t Au from 41.6 metres; incl 0.7 metres grading 11.10g/t Au from 41.6 metres; and 0.6 metres grading 14.95g/t Au from 43.2 metres;

CONTACT : NIC EARNER, MANAGING DIRECTOR, ALKANE RESOURCES LTD, TEL +61 8 9227 5677 INVESTORS : NATALIE CHAPMAN, CORPORATE COMMUNICATIONS MANAGER, TEL +61 418 642 556 MEDIA : PAUL RYAN, SODALI, TEL +61 409 296 511

Level 4, 66 Kings Park Rd, West Perth WA 6005, AUSTRALIA (PO Box 768, West Perth WA 6872, AUSTRALIA) Telephone: +61 8 9227 5677 www.alkane.com.au [email protected]

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  • An intensive underground diamond drill program within the existing indicated and inferred resource areas is also in progress at Roswell. Results have been received from 13 holes for 2,395m that were focussed within the upper portion of the Roswell Lodes 2 and 6, which confirmed multiple wide, high-grade gold intercepts. Results include:

ROSUG511D 57.05 metres grading 3.84g/t Au from 97.1 metres. ROSUG512D 56.8 metres grading 4.75g/t Au from 98.4 metres. ROSUG513D 58 metres grading 11.59g/t Au from 95.7 metres; incl 5 metres grading 82.51g/t Au from 119.3 metres. ROSUG514D 33.45 metres grading 3.50g/t Au from 97.85 metres; and 23.5 metres grading 4.04g/t Au from 134 metres. ROSUG515D 43.8 metres grading 3.08g/t Au from 113.4 metres. ROSUG516D 64.9 metres grading 2.82g/t Au from 95.9 metres. ROSUG517D 54.2 metres grading 5.39g/t Au from 104.8 metres; incl 5 metres grading 25.02g/t Au from 149 metres. ROSUG521D 47 metres grading 5.07g/t Au from 118 metres; incl 7 metres grading 16.74g/t Au from 154 metres. ROSUG522D 35.9 metres grading 4.90g/t Au from 134.1 metres; incl 9 metres grading 15.96g/t Au from 172 metres.

  • Underground drilling continues at the Caloma Two, Wyoming One and Roswell deposits.

Alkane Resources Limited (ASX: ALK) (‘Alkane’ or ‘the Company’) is pleased to announce the latest results for underground expansion and pre-mine grade control drilling around the existing resources at the Company’s Tomingley Gold Operations (Tomingley) in Central New South Wales.

Alkane Managing Director Nic Earner said: “Most of Tomingley’s deposits remain open at depth and along strike. This drilling further demonstrates the significant resource expansion potential across the mine site. Underground drilling continues at other deposits.

“We will now evaluate the economic recovery potential of these new Caloma One lodes, which may result in further drilling to allow inclusion into our reserves. The Roswell pre-mine grade control results will be used in future updates to the reserve. The Tomingley orebody continues to demonstrate both widespread mineralisation and high-grade lodes, demonstrated at Caloma by CL1UG253D with 3.1m grading 196.95g/t Au and at Roswell by ROSUG513D with 58m grading 11.59g/t Au. We look forward to mining through these areas in the years ahead at Tomingley.”

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Alkane Resources Ltd – Caloma One and Roswell UG Drilling – 7 April 2025

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Tomingley Gold Operations (TGO)

Alkane Resources Ltd 100%

Tomingley Gold Mine is an open pit and underground mining development with a 1Mtpa processing facility in operation since 2014. The development is located near the village of Tomingley, approximately 50 kilometres southwest of Dubbo in Central West New South Wales. Tomingley Gold Operations Pty Ltd is a wholly owned subsidiary of Alkane.

Development at Tomingley has been based on the Wyoming One, Wyoming Three, Caloma One, Caloma Two and Roswell gold deposits. To date in FY25, mining occurred underground at Wyoming One, Caloma One, Caloma Two and Roswell deposits. Roswell stope ore production came on stream in April 2024 (ASX Announcement 22 April 2024) via an approximately 3km decline from the Wyoming One open cut.

The mineralisation and associated sericite-carbonate-albite-quartz-pyrite-arsenopyrite alteration assemblage at Tomingley is typical of orogenic lode-style gold deposits which are located within a tightly folded Ordovician volcano-sedimentary sequence. Mineralised fluids are interpreted to have been focused by differential strain in and around andesite sills due to the rheological competency contrast between the sills and the bounding volcaniclastic sediments. The brittle nature of the sills often leads to the development of shear-hosted sheeted quartz vein and breccia deposits within and adjacent to the andesite bodies. Separately, thin carbonaceous mudstone strata appear to have been a focus for shearing and a chemical trap for gold.

Since underground mining commenced in 2018, extensive underground drilling has been employed to define ore reserves for extraction and maintain exploration to define additional resources. The most recent Reserves and Resources were summarised in the ASX release on 4 September 2024 “Annual Resources and Reserves Statement FY24”.

The exploration focus at Tomingley is to define additional underground resources that lie outside the existing Resource and Reserves model for the operation.

Caloma One

The Caloma One system is approximately 600 metres in north-south strike and up to 20 metres in width, within which multiple lodes of varying dimensions have been identified. In the current program, 71 core holes for 15,264m have been drilled targeting and infilling areas proximal to the current Caloma One underground operations.

These underground diamond holes have been drilled from specific platforms on development levels within the mine in a fan configuration to achieve a nominal 20m by 15m intercept pattern to inform an initial Indicated Resource Estimation on extensions within the Caloma One deposit.

The holes are geologically logged and sampled to provide potential mine shapes, designated as lodes. There are currently 36 lodes within the Caloma One deposit, with the majority mined out previously during the open pit operations. The data in this report primarily relates to the drilling of the underground targets known as Lodes 13, 18, 19, 54, 55, 58 and 59. These Lodes all dip 50-70 degrees to the west and have variable strike lengths and dimensions.

Narrow, late, unmineralised east-west dolerite dykes displace the lode structures.

3/26

Alkane Resources Ltd – Caloma One and Roswell UG Drilling – 7 April 2025

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Roswell

The Roswell deposit (together with the San Antonio deposit to the south) forms a semi-continuous northsouth zone of mineralisation trending over 1.5 kilometres. This zone is displaced by northwest striking faults and rare narrow post-mineralised dolerite dykes. Mineralisation at the southern part of Roswell is extensive over a corridor of 400m strike length with widths up to 100 metres, hosting multiple near vertical to steep east-dipping lode structures.

This area is undergoing a major underground diamond drilling infill program within the existing Indicated and Inferred resource areas. The current program is drilling from the operation’s 1010 level drill platform, infilling a section of the Indicated resource, within the upper portion of the Roswell Lodes 2 and 6. The grade control diamond program is being drilled on a nominal 15m x 20m drill spacing infilling existing exploration holes and providing the basis for conversion to Ore Reserves. The holes being reported are a small part of the current drill program. Results of 13 holes for 2,359m have been received.

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4/26

Alkane Resources Ltd – Caloma One and Roswell UG Drilling – 7 April 2025

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Refer to the tables on pages 10 and 11 for relevant data, and in the Annual Resources and Reserve Statement FY24 (ASX Announcement 4 September 2024)

5/26

Alkane Resources Ltd – Caloma One and Roswell UG Drilling – 7 April 2025

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Alkane Resources Ltd – Caloma One and Roswell UG Drilling – 7 April 2025

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Alkane Resources Ltd – Caloma One and Roswell UG Drilling – 7 April 2025

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Alkane Resources Ltd – Caloma One and Roswell UG Drilling – 7 April 2025

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Alkane Resources Ltd – Caloma One and Roswell UG Drilling – 7 April 2025

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Alkane Resources Ltd – Caloma One and Roswell UG Drilling – 7 April 2025

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Alkane Resources Ltd – Caloma One and Roswell UG Drilling – 7 April 2025

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Competent Person The information in this report that relates to exploration results is based on information compiled by Mr Craig Pridmore, MAusIMM, (Geology Manager Tomingley Gold Operations) who has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Pridmore consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

Compliance Statement The information in this announcement that relates to Mineral Resource and Ore Reserve estimates was prepared and first disclosed under JORC Code 2012. The information was extracted from the Company’s previous ASX announcement dated 4 September 2024, ‘Annual Resources and Reserves Statement’, which is available to view on the Company’s website: https://www.alkane.com.au. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original announcement, and that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which any Competent Person’s findings are presented have not been materially modified from the original market announcement.

Previous Information The information in this report that relates to exploration results is extracted from the Company’s ASX announcements noted in the text of the announcement and are available to view on the Company’s website. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original announcements and that the form and context in which the Competent Person’s findings are presented have not been materially altered.

Disclaimer This report contains certain forward looking statements and forecasts, including possible or assumed reserves and resources, production levels and rates, costs, prices, future performance or potential growth of Alkane Resources Ltd, industry growth or other trend projections. Such statements are not a guarantee of future performance and involve unknown risks and uncertainties, as well as other factors which are beyond the control of Alkane Resources Ltd. Actual results and developments may differ materially from those expressed or implied by these forward looking statements depending on a variety of factors. Nothing in this report should be construed as either an offer to sell or a solicitation of an offer to buy or sell securities.

This document has been prepared in accordance with the requirements of Australian securities laws, which may differ from the requirements of United States and other country securities laws. Unless otherwise indicated, all ore reserve and mineral resource estimates included or incorporated by reference in this document have been, and will be, prepared in accordance with the JORC classification system of the Australasian Institute of Mining, and Metallurgy and Australian Institute of Geoscientists.

This document has been authorised for release to the market by Nic Earner, Managing Director.

ABOUT ALKANE - www.alkane.com.au - ASX: ALK

Alkane Resources intends to grow to become one of Australia’s multi-mine gold and copper producers.

The Company’s current gold production is from the Tomingley Gold Operations in Central West New South Wales, which has been operating since 2014 and has operating plans extending beyond 2030.

Alkane has an enviable exploration track record and controls several highly prospective gold and copper tenements. Its most advanced exploration projects are in the tenement area between Tomingley and Peak Hill, which has the potential to provide additional ore for Tomingley’s operations.

Alkane’s exploration success includes the landmark porphyry gold-copper mineralisation discovery at Boda in 2019. With exploration drilling ongoing and an economic development pathway shown in a scoping study, Alkane is confident of further consolidating Central West New South Wales’ reputation as a significant gold and copper production region.

Alkane’s gold interests extend throughout Australia, with strategic investments in other gold exploration and aspiring mining companies.

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Alkane Resources Ltd – Caloma One and Roswell UG Drilling – 7 April 2025

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TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t)
Hole ID Easting
(MGA)
Northing
(MGA)
RL (m) Dip Azimuth
(Grid)
Total
Depth
Interval
From
(m)
Interval
To (m)
Intercept
(m)
Au(g/t) Lode
ID
CL1UG128D 614903 6394024 73.5 -50 0 201 94 107.6 13.6 1.84 54
55
55
55
55
58
58
58
58
55
58
58
58
58
55
58
58
58
55
58
58
58
55
13
13
13
19
19
19
19
13
18
and 116.8 127.6 10.8 4.73
incl 126.6 127.6 1 31.30
CL1UG129D 614903 6394024 73.4 -58 345 201 99 136 37 1.58
and 150.6 151.7 1.1 5.03
CL1UG140D 614903 6394024 73.6 -56 356 221.9 95.2 102 6.8 1.29
and 107 117 10 3.48
and 137.6 142 4.4 1.18
and 158.4 163.5 5.1 7.83
and 172 177.1 5.1 3.01
incl 172.9 173.6 0.7 14.05
and 185.2 186.3 1.1 1.19
and 205.3 207.1 1.8 1.45
CL1UG143D 614903 6394024 73.5 -60 10 219 93 99 6 2.10
and 132.8 137.9 5.1 2.21
and 99 136 37 1.43
and 181 186.4 5.4 1.09
and 198 199 1 2.07
and 205 206 1 1.02
CL1UG144D 614903 6394024 73.5 -56 6 275.9 93 105.7 12.7 2.07
and 131.6 136.9 5.3 7.82
and 158 207.7 49.7 1.95
incl 181.2 182 0.8 19.65
and 212 216.6 4.6 1.12
and 257 258 1 1.90
CL1UG149D 614903 6394024 73.5 -49 11 189.1 95.45 99 3.55 1.59
and 116.3 117.15 0.85 2.95
CL1UG167D 614907 6394171 36.6 -70 143 200.7 48.9 53.8 4.9 2.71
and 126 141.6 15.6 3.40
CL1UG171D 614907 6394171 36.6 -59 180 111.3 51.5 52.85 1.35 3.16
and 59.2 60.25 1.05 2.76
and 97.6 98.1 0.5 5.41
and 102 103 1 1.15
CL1UG212D 614904 6394024 73.7 -52 14 153.1 92 93.7 1.7 1.56
and 97.7 99.1 1.4 1.22
and 107.9 108.6 0.7 1.42
and 121.2 122.6 1.4 1.96
CL1UG231D 614793 6394317 62.5 -12 25 396 207 214.2 7.2 1.28
and 329.2 333.1 1.9 1.24
CL1UG232D 614793 6394316 63.2 2 34 447.1 237.1 238.9 1.8 2.68
and 291.85 292.85 1 4.57
and 310.45 312 1.55 4.87
CL1UG233D 614793 6394316 63.3 6 39 432 132.15 134.4 2.25 43.54
incl 133.15 134.4 1.25 73.80
and 240.5 241.6 1.1 3.40
and 371 373 2 2.24
and 380 391 11 1.85
and 395 399 4 2.49
and 402.2 403.1 0.9 7.85
CL1UG234D 614793 6394315 62.9 -6 44 421.3 100 101.1 1.1 2.49
and 107 107.5 0.5 1.54
and 141 143.1 2.1 4.16
incl 142.5 143.1 0.6 10.45
and 145.6 154 8.4 2.80
incl 149.1 150 0.9 14.30
and 199 199.7 0.7 1.82
and 324.8 325.25 0.45 2.71
and 342.3 344.3 2 2.50
and 348.8 350.9 2.1 2.44
CL1UG235D 614793 6394315 61.9 2 47 414 130.8 131.7 0.9 1.64
and 141 141.8 0.8 5.00
and 153.3 153.9 0.6 6.22 19

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Alkane Resources Ltd – Caloma One and Roswell UG Drilling – 7 April 2025

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TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t)
Hole ID Easting
(MGA)
Northing
(MGA)
RL (m) Dip Azimuth
(Grid)
Total
Depth
Interval
From
(m)
Interval
To (m)
Intercept
(m)
Au(g/t) Lode
ID
and 229.7 231.4 1.7 2.17 13
54
54
54
54
54
54
54
54
54
54
54
54
54
54
54
59
58
58
58
and 235.7 236.1 0.4 20.20
and 238.9 239.3 0.4 1.63
and 243.9 244.5 0.6 1.91
and 253.6 256.2 2.6 0.95
and 397.2 398 0.8 2.88
and 409.3 410.3 1 1.42
CL1UG236D 614793 6394314 62.1 -18 59 222 148.2 151.9 3.7 1.40
and 167.2 170 2.8 3.13
and 179 181 2 5.60
incl 179 180 1 7.70
and 192 193.6 1.6 2.09
CL1UG237D 614792 6394205 -30.6 -18 36 180 53.6 54.2 0.6 1.15
and 160.5 161.6 1.1 1.68
and 173.6 174.45 0.85 1.14
CL1UG238D 614792 6394205 -30.1 -5 40 198 84 90 6 29.91
and 117 120 3 1.00
and 132.3 133.5 1.2 1.98
and 152.6 160.6 8 1.05
and 164 165 1 1.69
and 167 168 1 1.38
CL1UG240D 614792 6394205 -30.4 -16 43 192 57 57.75 0.75 1.58
and 60.2 60.5 0.3 1.15
and 64.05 67 2.95 1.42
and 153 153.65 0.65 1.44
and 170 171 1 1.04
and 183.05 183.5 0.45 2.55
CL1UG241D 614792 6394205 -30.0 -5 48 191.5 88 91 3 1.06
and 101 107 6 1.54
and 121.9 123 1.1 1.59
and 137.9 142 4.1 1.62
and 157 160 3 1.65
CL1UG242D 614792 6394204 -30.1 -8 55 189 62.7 69.55 6.85 2.14
and 121.8 122.9 1.1 1.09
and 177.75 181.45 3.7 13.02
incl 180.35 181.45 1.1 35.90
CL1UG243D 614792 6394204 -30.3 -14 57 195 58.1 60 1.9 1.31
and 114.7 115.85 1.15 1.10
and 120 125.1 5.1 1.83
and 150.15 152.05 1.9 2.25
and 158.4 167.95 9.55 1.68
and 173.8 175.85 2.05 3.18
CL1UG244D 614792 6394204 -30.7 -27 60 210 49.3 50.45 1.15 2.44
and 119.55 124.3 4.75 2.10
incl 119.55 120 0.45 7.34
CL1UG245D 614792 6394204 -30.4 -4 63 192 66.1 67.3 1.2 1.52
and 72.7 73.5 0.8 1.78
and 76.8 78 1.2 1.34
and 120 125.5 5.5 1.08
and 174.3 179.6 5.3 1.00
CL1UG246D 614792 6394204 -30.0 -18 65 213 47.9 50.2 2.3 12.47
incl 49.6 50.2 0.6 45.40
and 114.5 115.4 0.9 1.29
CL1UG247D 614775 6394154 -36.1 -25 93 234 24.2 25 0.8 1.50
and 34 36 2 1.44
and 52.3 53.5 1.2 1.38
and 59.7 68.9 9.2 2.17
and 73.6 76.8 3.2 1.17
and 81.3 82.3 1 9.47
and 100.8 102.7 1.9 2.60
and 113.6 114.6 1 2.31
and 132 137.4 5.4 3.25 58

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Alkane Resources Ltd – Caloma One and Roswell UG Drilling – 7 April 2025

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TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t)
Hole ID Easting
(MGA)
Northing
(MGA)
RL (m) Dip Azimuth
(Grid)
Total
Depth
Interval
From
(m)
Interval
To (m)
Intercept
(m)
Au(g/t) Lode
ID
and 142.3 149.1 6.8 2.29 58
58
58
58
54
54
58
58
58
58
58
58
58
54
58
58
58
58
58
58
58
58
58
58
58
58
58
58
58
58
19
19
13
18
19
13
13
18
18
13
13
13
13
13
19
19
and 154.4 160.8 6.4 2.51
and 165.1 170.1 5 3.91
incl 165.7 167 1.3 7.85
and 182.2 183.4 1.2 5.17
CL1UG248D 614775 6394154 -35.8 -17 96 219 59.1 59.8 0.7 1.51
and 72 72.9 0.9 1.22
and 103 117 14 5.48
incl 106 107 1 34.90
and 120 121 1 1.05
and 135.8 137 1.2 1.20
and 147 163.6 16.6 2.98
incl 149 150 1 11.15
and 168 169 1 1.32
and 172 180.1 8.1 2.05
CL1UG249D 614775 6394154 -36.1 -24 104 279 0 0.4 0.4 1.17
and 13.8 17 3.2 2.44
and 36 37 1 1.03
and 57 57.7 0.7 2.99
and 90.2 98 7.8 4.49
incl 90.2 91.3 1.1 9.35
and, incl 92.4 93 0.6 10.60
and, incl 94 95 1 15.30
and 107.8 114.5 6.7 1.93
and 118.6 119.7 1.1 16.60
and 131.7 132.6 0.9 3.43
and 167.3 168.5 1.2 1.72
and 173.3 174.4 1.1 5.94
and 210.4 211 0.6 2.09
CL1UG250D 614775 6394154 -35.8 -16 106 210 16.5 17.3 0.8 2.24
and 40.6 41.6 1 1.90
and 109 110 1 1.35
and 118 122.5 4.5 28.48
and 126.5 137 10.5 1.63
and 149.7 152.9 3.2 3.76
and 156 159.2 3.2 1.96
and 162 164 2 2.68
and 166.9 177.9 11 2.57
and 181.7 182.7 1 4.45
and 196.8 202.2 5.4 2.58
and 207 210 3 1.62
CL1UG251D 614793 6394315 62.5 -14 47 199.9 122.5 123 0.5 3.58
and 127 127.7 0.7 8.35
and 174.45 177.65 3.2 2.73
CL1UG252D 614793 6394315 62.4 -19 51 210.2 109 114 5 2.44
and 134.7 135.6 0.9 2.28
and 147 147.7 0.7 1.48
and 150.8 165 14.2 1.34
and 172 173 1 1.84
CL1UG253D 614793 6394315 62.7 -9 53 228.1 115.4 118.5 3.1 196.95
incl 116 117 1 589.00
and 173.8 175.6 1.8 1.97
CL1UG254D 614793 6394315 62.3 -23 57 198 140 146.9 6.9 1.61
and 163.9 164.7 0.8 2.47
CL1UG255D 614793 6394315 62.7 -15 61 207.2 146.85 148 1.15 8.53
and 151.6 158 6.4 1.92
incl 151.6 152.2 0.6 7.36
CL1UG256D 614793 6394314 62.3 -20 66 210 166 175.45 9.45 2.13
and 185.75 191 5.25 1.61
CL1UG257D 614793 6394315 62.3 -19 45 225 128.3 129.9 1.6 12.48
incl 129.25 129.9 0.65 27.20
and 134.2 136 1.8 3.85 19

15/26

Alkane Resources Ltd – Caloma One and Roswell UG Drilling – 7 April 2025

==> picture [57 x 26] intentionally omitted <==

TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t)
Hole ID Easting
(MGA)
Northing
(MGA)
RL (m) Dip Azimuth
(Grid)
Total
Depth
Interval
From
(m)
Interval
To (m)
Intercept
(m)
Au(g/t) Lode
ID
and 168.15 169.85 1.7 4.86 13
13
18
19
13
19
13
13
13
13
13
13
13
13
13
13
13
19
18
18
19
19
19
13
13
13
13
13
18
18
19
13
13
13
13
18
18
19
19
19
13
19
13
13
13
19
13
13
incl 168.15 168.85 0.7 8.09
CL1UG258D 614793 6394315 62.8 -4 54 239.9 122.9 124.1 1.2 6.20
and 127.15 128.25 1.1 1.75
and 131.7 132.6 0.9 1.97
and 136.45 137.1 0.65 7.36
and 183.7 184.8 1.1 1.17
CL1UG259D 614793 6394315 62.7 -8 61 222 128.55 129.05 0.5 4.49
and 151.7 166 14.3 1.94
incl 161.8 163 1.2 7.08
and 170 171 1 1.09
CL1UG260D 614793 6394315 62.2 -23 48 210 145.7 152.2 6.5 6.92
incl 145.7 148 2.3 15.57
and 155.3 159.1 3.8 2.68
and 181.9 182.9 1 1.22
and 197 197.9 0.9 1.27
CL1UG261D 614793 6394314 62.6 -12 66 216.1 149.9 151.4 1.5 3.38
and 160 163.6 3.6 2.41
and 210.5 212 1.5 2.44
CL1UG262D 614793 6394316 62.9 -6 32 233.5 197 199.3 2.3 1.09
and 202.1 206.1 4 14.44
incl 202.1 203 0.9 53.10
and 219.1 219.9 0.8 1.04
and 224.8 227 2.2 1.34
CL1UG263D 614793 6394316 62.9 -7 47 213 133.1 133.8 0.7 5.60
CL1UG264D 614793 6394316 62.6 -11 40 228 112.3 117 4.7 11.97
incl 114.5 117 2.5 19.44
and 130.8 132 1.2 22.20
and 135.2 140 4.8 2.12
and 141.9 142.9 1 7.02
and 184 193.3 9.3 4.44
incl 185.9 187 1.1 15.35
and 196.3 201 4.7 4.07
incl 197 198 1 10.90
and 205.6 206.2 0.6 1.45
CL1UG265D 614793 6394315 62.9 -6 62 192 111 120.05 9.05 2.27
incl 119.6 120.05 0.45 7.63
and 125.6 126.8 1.2 1.67
and 150 151.8 1.8 3.46
and 162.4 167 4.6 2.83
and 171.4 172.5 1.1 1.27
CL1UG266D 614793 6394317 62.3 -15 35 234 181.8 182.7 0.9 13.45
and 192.5 200 7.5 2.64
and 204.3 206.3 2 1.09
CL1UG267D 614793 6394315 62.6 -16 56 207 112.3 115 2.7 6.59
incl 113 114 1 8.61
and 120 123 3 4.33
incl 120 121.1 1.1 10.45
and 132 134 2 7.40
and 148 162.7 14.7 1.27
and 174 175 1 3.33
and 197.7 198.5 0.8 3.08
CL1UG269D 614793 6394316 62.2 -22 37 215.9 129.3 129.9 0.6 1.65
and 162.1 165 2.9 14.24
incl 164.3 165 0.7 50.20
CL1UG270D 614793 6394315 62.3 -28 51 186 100.2 100.7 0.5 1.16
and 138.6 146 7.4 2.26
and 152.65 153.45 0.8 4.15
CL1UG271D 614793 6394316 62.3 -27 44 201 122.5 124.35 1.85 2.75
and 147.2 148.3 1.1 1.28
and 151.2 153.9 2.7 1.65
CL1UG272D 614793 6394316 61.8 -32 35 202.7 133.3 137.3 4 1.30 19

16/26

Alkane Resources Ltd – Caloma One and Roswell UG Drilling – 7 April 2025

==> picture [57 x 26] intentionally omitted <==

TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t)
Hole ID Easting
(MGA)
Northing
(MGA)
RL (m) Dip Azimuth
(Grid)
Total
Depth
Interval
From
(m)
Interval
To (m)
Intercept
(m)
Au(g/t) Lode
ID
and 145 148.5 3.5 3.00 13
19
13
19
19
19
13
19
19
13
54
54
58
58
58
58
54
59
58
58
58
58
54
59
59
58
54
58
58
58
58
58
58
58
58
CL1UG273D 614793 6394316 61.7 -34 42 197.7 122.85 134.1 11.25 2.59
and 140.15 144 3.85 1.56
CL1UG275D 614793 6394317 61.9 -30 29 190.4 142.1 145.1 3 1.16
CL1UG276D 614793 6394316 62.0 -39 32 176 125.2 136.9 11.7 1.38
CL1UG277D 614793 6394316 61.6 -42 40 171 116 116.9 0.9 1.28
and 123.8 131.7 7.9 1.92
and 134.3 136 1.7 4.91
CL1UG278D 614793 6394316 62.9 -7 39 222 138 142.8 4.8 5.93
incl 141.4 142.1 0.7 20.90
and 194.55 197.4 2.85 1.65
CL1UG279D 614775 6394154 -35.6 -15 109 222 46 47 1 2.43
and 72.1 73.6 1.5 7.27
and 78.9 81 2.1 1.97
and 94.6 96.7 2.1 1.35
and 123 124 1 2.98
CL1UG280D 614775 6394154 -35.5 -11 106 261 14.3 17 2.7 1.34
and 73.3 74.1 0.8 3.10
and 155.3 156.1 0.8 2.64
and 160 160.6 0.6 1.90
and 170 175 5 1.96
and 177.9 178.5 0.6 1.77
and 193.6 194.5 0.9 1.74
and 193.6 194.5 0.9 4.02
and 219.3 220.2 0.9 1.24
CL1UG281D 614775 6394155 -35.5 -13 100 230.8 30 31 1 3.04
and 38 39.3 1.3 1.32
and 66.2 67.8 1.6 4.11
and 87.4 89 1.6 2.69
and 109 115 6 4.13
and 125.3 126.2 0.9 1.44
and 135.4 140.6 5.2 1.28
and 145.4 147.3 1.9 3.40
and 150 161.5 11.5 3.52
and 186.1 188 1.9 9.77
incl 186.1 187.3 1.2 10.15
and 193 198.7 5.7 1.85
and 207 207.9 0.9 1.87
and 226.8 227.1 0.3 1.94
CL1UG282D 614775 6394155 -35.7 -19 89 189 26 32.1 6.1 1.82
and 34.6 35.3 0.7 10.60
and 53.2 54.2 1 1.18
and 60.6 63.5 2.9 1.44
and 80 89.8 9.8 8.34
incl 80 81 1 21.60
and 108 122.5 14.5 1.74
CL1UG283D 614775 6394155 -35.8 -17 86 201 27 30.8 3.8 2.50
and 35.2 35.8 0.6 3.30
and 63.3 67.8 4.5 2.16
and 103 109.4 6.4 13.50
incl 105.2 106 0.8 46.70
incl 107 107.8 0.8 32.10
and 117.1 118.2 1.1 1.15
and 120 121 1 1.09
and 131 135.7 4.7 1.57
and 144.8 148 3.2 2.50
and 154 158.3 4.3 1.23
and 168.6 172 3.4 1.23
and 178.3 189.8 11.5 2.58
CL1UG284D 614775 6394155 -35.8 -23 85 195 27.2 28.3 1.1 1.67
and 52.5 53.1 0.6 1.50
and 58.5 64.8 6.3 3.48 54

17/26

Alkane Resources Ltd – Caloma One and Roswell UG Drilling – 7 April 2025

==> picture [57 x 26] intentionally omitted <==

TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t)
Hole ID Easting
(MGA)
Northing
(MGA)
RL (m) Dip Azimuth
(Grid)
Total
Depth
Interval
From
(m)
Interval
To (m)
Intercept
(m)
Au(g/t) Lode
ID
and 80 85 5 27.47 59
59
59
58
58
58
58
58
54
54
59
58
58
58
58
58
54
54
59
58
54
59
59
59
59
59
58
58
58
54
58
59
59
59
59
59
58
58
58
58
54
59
54
54
59
59
54
59
incl 82 83.1 1.1 25.70
incl 84 85 1 89.10
and 102.9 104 1.1 2.29
and 107 120 13 4.00
incl 111.2 111.9 0.7 44.00
and 137.4 138 0.6 1.12
and 162.3 163.4 1.1 9.83
and 188 190 2 1.31
CL1UG285D 614775 6394155 -35.9 -27 86 180 26.1 27 0.9 1.36
and 51.3 52.4 1.1 1.88
and 60 61.4 1.4 1.94
and 65 66.2 1.2 1.56
and 73.9 76 2.1 1.84
and 100.8 114.5 13.7 1.65
and 132.1 136.9 4.8 3.79
and 141.1 143 1.9 1.84
and 149.6 150.3 0.7 1.15
and 156 159.2 3.2 2.38
and 169 170 1 1.11
and 176.8 177.9 1.1 1.09
CL1UG286D 614775 6394155 -35.7 -20 81 180 28.2 28.9 0.7 3.64
and 32.4 33.3 0.9 1.04
and 58.8 61.5 2.7 2.87
and 63.2 64.1 0.9 1.97
and 85.7 103.1 17.4 4.10
and 114 117.3 3.3 2.76
CL1UG287D 614775 6394155 -35.9 -26 80 186 56.8 60.7 3.9 1.08
and 83 91.5 8.5 9.25
incl 83 84 1 21.30
incl 86 86.8 0.8 33.20
incl 90.7 91.5 0.8 17.45
and 94.1 96.6 2.5 3.30
and 100.2 106.1 5.9 1.21
and 110.8 112.8 2 8.75
incl 110.8 111.9 1.1 15.20
and 171.6 175.4 3.8 1.54
CL1UG288D 614775 6394154 -35.6 -20 107 195 66.5 68.6 2.1 5.14
and 170.8 172.4 1.6 1.41
and 176 178 2 1.56
and 186 187 1 2.45
CL1UG289D 614792 6394199 -30.8 -16 117 130 83 91 8 16.98
incl 86 87 1 79.00
incl 87 88 1 24.50
incl 89 89.8 0.8 19.40
and 94 96 2 1.43
and 112 116.5 4.5 25.80
incl 113 114 1 80.20
incl 114 115 1 31.50
and 120 124.2 4.2 3.27
CL1UG290D 614792 6394200 -31.1 -22 105 116.9 43 44.2 1.2 4.50
and 71 76.3 5.3 2.52
and 82.7 100.1 17.4 3.11
CL1UG291D 614792 6394200 -31.0 -30 101 129 41 43 2 2.17
and 46.4 47.5 1.1 1.80
and 67 67.4 0.4 6.14
and 83 83.6 0.6 2.12
and 92.5 98.25 5.75 1.33
and 111.3 113.3 2 2.12
CL1UG292D 614793 6394199 -31.2 -42 122 110 48.45 51.6 3.15 2.76
and 75 83 8 25.47
incl 76 77 1 37.30 59

18/26

Alkane Resources Ltd – Caloma One and Roswell UG Drilling – 7 April 2025

==> picture [57 x 26] intentionally omitted <==

TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS CALOMA ONE- March 2025(>1.0g/t)
Hole ID Easting
(MGA)
Northing
(MGA)
RL (m) Dip Azimuth
(Grid)
Total
Depth
Interval
From
(m)
Interval
To (m)
Intercept
(m)
Au(g/t) Lode
ID
incl 77 78.1 1.1 62.70 59
59
58
58
58
54
54
59
59
58
58
54
54
59
59
58
54
54
54
59
59
58
incl 78.1 79.1 1 87.10
and 90 97.15 7.15 3.26
incl 92.15 92.8 0.65 14.25
incl 92.8 93.35 0.55 10.45
and 100.15 100.6 0.45 2.55
CL1UG293D 614792 6394200 -31.2 -36 108 159 42 43.1 1.1 5.53
and 47.4 49.7 2.3 1.75
and 74.1 75.75 1.65 2.89
and 80.6 83.05 2.45 1.34
and 95.9 97 1.1 1.68
and 115.7 116.2 0.5 1.91
and 124.9 128.3 3.4 2.09
and 133.2 133.9 0.7 1.03
and 142 142.75 0.75 1.41
CL1UG296D 614792 6394200 -31.2 -37 97 161 40.35 45.3 4.95 4.59
incl 40.35 41.35 1 13.10
and 88.45 89.85 1.4 1.59
and 95 96 1 2.26
and 109.15 109.6 0.45 2.69
and 127.2 127.75 0.55 1.19
and 136.4 137.55 1.15 1.10
and 142.4 142.95 0.55 1.40
CL1UG297D 614793 6394200 -31.2 -45 102 174 41.6 49 7.4 5.89
incl 41.6 42.3 0.7 11.10
incl 43.2 43.8 0.6 14.95
and 74.4 74.7 0.3 2.78
and 88.5 89.5 1 1.02
and 91.5 92.2 0.7 2.07
and 127 131.1 4.1 1.77
and 142.9 143.9 1 1.85

Notes: True widths are approximately 80% of intercept width.

Intercepts can include up to 2m dilution (values less than 1g/t Au)

TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS ROSWELL UG - March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS ROSWELL UG - March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS ROSWELL UG - March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS ROSWELL UG - March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS ROSWELL UG - March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS ROSWELL UG - March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS ROSWELL UG - March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS ROSWELL UG - March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS ROSWELL UG - March 2025(>1.0g/t)
Hole ID Easting
(MGA)
Northing
(MGA)
RL (m) Dip Azimuth
(Grid)
Total
Depth
Interval
From
(m)
Interval
To (m)
Intercept
(m)
Au(g/t) Lode
ID
ROSUG510D 614082 6390663 -16.5 21.8 290.3 173.1 96 113 17 4.66 6
6
2
2
1
2
2
2
2
2
1
2
2
2
2
2
2
2
2
2
2
2
incl 105.9 108 2.1 20.18
and 126.3 155.5 29.2 2.74
incl 148.9 150.4 1.5 24.06
and 155.5 156.5 1 1.08
ROSUG511D 614082 6390663 -16.5 22 282 170.6 97.1 154.15 57.05 3.84
incl 109.35 110.3 0.95 31.60
incl 138.45 139.55 1.1 16.20
incl 143 144 1 10.75
incl 151.25 152 0.75 11.00
and 155.15 156.2 1.05 1.49
ROSUG512D 614082 6390662 -16.5 21 274 180 98.4 155.2 56.8 4.75
incl 109.6 110.2 0.6 20.70
incl 112.9 115 2.1 55.22
incl 149.4 150.3 0.9 14.25
ROSUG513D 614082 6390663 -16.4 21 267 180 95.7 153.7 58 11.59
incl 101 101.7 0.7 16.20
incl 111 112 1 10.60
incl 119.3 121 1.7 14.88
incl 127 132 5 82.51
incl 140 143 3 10.05
incl 145.9 147 1.1 10.20
and 156 163.1 7.1 1.42 5

19/26

Alkane Resources Ltd – Caloma One and Roswell UG Drilling – 7 April 2025

==> picture [57 x 26] intentionally omitted <==

TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS ROSWELL UG - March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS ROSWELL UG - March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS ROSWELL UG - March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS ROSWELL UG - March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS ROSWELL UG - March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS ROSWELL UG - March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS ROSWELL UG - March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS ROSWELL UG - March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS ROSWELL UG - March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS ROSWELL UG - March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS ROSWELL UG - March 2025(>1.0g/t) TOMINGLEY GOLD OPERATIONS SIGNIFICANT RESULTS ROSWELL UG - March 2025(>1.0g/t)
Hole ID Easting
(MGA)
Northing
(MGA)
RL (m) Dip Azimuth
(Grid)
Total
Depth
Interval
From
(m)
Interval
To (m)
Intercept
(m)
Au(g/t) Lode
ID
ROSUG514D 614081.9314 6390662.953 -16.1455 27.6 291.2 182.4 89.6 93.1 3.5 2.65 3
6
6
6
6
6
2
2
2
1
6
2
2
2
1
1
2
2
2
2
2
2
2
2
2
2
2
5
3
6
2
1
3
2
1
7
6
2
2
6
2
2
2
2
2
2
2
2
2
7
7
7
and 97.85 131.3 33.45 3.50
incl 100.9 101.7 0.8 12.15
incl 104 105.3 1.3 10.15
incl 107.9 108.75 0.85 14.55
incl 116.8 118 1.2 10.40
and 134 157.5 23.5 4.04
incl 134 134.8 0.8 17.05
and 151.7 152.7 1 13.45
and 160.2 161 0.8 1.35
ROSUG515D 614082 6390663 -16.3 27 283 193.7 91 100 9 1.23
and 109 110 1 1.03
and 113.4 157.2 43.8 3.08
incl 141 142 1 10.75
incl 149 150 1 15.40
and 161 163 2 5.98
incl 161 162 1 10.90
and 186 187 1 2.04
ROSUG516D 614082 6390662 -16.5 27 274 179.3 95.9 160.8 64.9 2.82
incl 98.1 99 0.9 10.50
incl 120.3 121 0.7 10.45
incl 147 148 1 29.40
incl 158.2 159.2 1 11.25
ROSUG517D 614082 6390662 -16.5 26 267 180 104.8 159 54.2 5.39
incl 112.3 113 0.7 11.35
incl 129.6 130.8 1.2 16.75
incl 136.8 138 1.2 16.40
incl 142.9 144 1.1 20.40
incl 149 154 5 25.02
and 165.2 166.85 1.65 2.42
ROSUG518D 614082 6390663 -15.7 33 292 179.8 86.6 87.6 1 1.03
and 92.8 98.4 5.6 3.54
and 117.5 118.6 1.1 3.56
and 126.3 134.1 7.8 1.81
and 138.3 165.4 27.1 2.40
and 166 167 1 1.14
ROSUG519D 614082 6390663 -15.9 33 283 180.2 92 94.3 2.3 13.27
and 128 158 30 2.19
and 166.1 167 0.9 39.50
and 171 174.7 3.7 2.85
ROSUG520D 614082 6390663 -16.3 33 275 179.6 93.4 96 2.6 1.96
and 103.2 160.05 56.85 2.11
incl 103.2 104 0.8 36.80
ROSUG521D 614082 6390662 -16.5 31 267 185.6 101.7 107 5.3 1.92
and 118 165 47 5.07
incl 122.3 123 0.7 18.75
incl 144 145 1 12.35
incl 154 161 7 16.74
and 177 178 1 3.69
ROSUG522D 614082 6390663 -16.4 36 267 195 134.1 170 35.9 4.90
incl 137.8 141 3.2 11.14
incl 150 152 2 22.35
incl 166 167 1 13.75
incl 168 168.8 0.8 11.10
and 172 181 9 15.96
incl 172.5 174 1.5 55.73
incl 175.9 176.4 0.5 79.00
and 193.9 195 1.1 3.02

Notes: True widths are approximately 80% of intercept width.

Intercepts can include up to 2m dilution (values less than 1g/t Au)

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APPENDIX 1

JORC Code, 2012 Edition – Table 1 report – Caloma One and Roswell March 2025 Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections.)

Criteria JORC Code explanation
Commentary
JORC Code explanation
Commentary
Sampling
techniques

Nature and quality of sampling (eg cut channels, random chips, or specific specialised
industry standard measurement tools appropriate to the minerals under investigation,
such as down hole gamma sondes, or handheld XRF instruments, etc). These
examples should not be taken as limiting the broad meaning of sampling.
The Tomingley area has been evaluated using a variety of drilling techniques since August
2004 and this data was reported in numerous ASX releases and summarised in the Annual
Resource and Reserve Statement FY24, of 4 Sept 2024.
Resource infill and extension drilling has been undertaken in the Caloma One and Roswell
as part of mine development underground drilling. This drilling was NQ2 core located
within underground openings.
DD sample intervals were defined by site geologists during logging to honour geological
boundaries.with whole core sampled on intervals defined by the geologist.

Include reference to measures taken to ensure sample representivity and the
appropriate calibration of any measurement tools or systems used.
Core was laid out in suitably labelled core trays. A core marker (core block) was placed at
the end of each drilled run and labelled with the hole number, down hole depth, length of
drill run. Core was aligned and measured by tape, comparing back to this down hole depth
consistent with industry standards.

Aspects of the determination of mineralisation that are Material to the Public Report. In
cases where ‘industry standard’ work has been done this would be relatively simple (eg
‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was
pulverised to produce a 30 g charge for fire assay’). In other cases more explanation
may be required, such as where there is coarse gold that has inherent sampling
problems. Unusual commodities or mineralisation types (eg submarine nodules) may
warrant disclosure of detailed information.
DD Drilling – sample intervals were defined by geologists during logging to honour
geological boundaries and cut in half with a saw. Only the Underground infill diamond GC
holes were whole core sampled.
All samples sent to the laboratory were crushed and/or pulverised to produce a ~100g pulp
for assay process.
All samples are fire assayed using a 50g charge.
Drilling
techniques

Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger,
Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of
diamond tails, face-sampling bit or other type, whether core is oriented and if so, by
_what method, etc). _
All underground diamond holes are drilled NQ2.
Drill sample
recovery

Method of recording and assessing core and chip sample recoveries and results
assessed.
DD - core loss was identified by drillers and calculated by geologists when logging.
Generally ≥99% was recovered.

Measures taken to maximise sample recovery and ensure representative nature of the
samples.
All NQ2 core was whole sampled to ensure representativity of sampling.

Whether a relationship exists between sample recovery and grade and whether sample
bias may have occurred due to preferential loss/gain of fine/coarse material.
There is no known relationship between sample recovery and grade.
Logging
Whether core and chip samples have been geologically and geotechnically logged to a
level of detail to support appropriate Mineral Resource estimation, mining studies and
metallurgical studies.
DD - all core was laid out in core trays and geologically logged for characteristics such as
lithology, weathering, alteration (type, character and intensity), veining (type, character and
intensity) and mineralisation (type, character and volume percentage). A brief geotechnical

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Criteria JORC Code explanation
Commentary
JORC Code explanation
Commentary
log was also undertaken collecting parameters such as core recovery, RQD, fracture count,
and fracture type and orientation.

Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc)
photography.
All logging was qualitative with visual estimates of the various characteristics. .
DD - Core was photographed and any unsampled core is retained for reference purposes.

The total length and percentage of the relevant intersections logged.
All DD core samples have been geologically and geotechnically logged by qualified
geologists.
Sub-sampling
techniques and
sample
preparation

If core, whether cut or sawn and whether quarter, half or all core taken.
DD - zones of visual mineralisation and/or alteration were marked up by the geologist and
cut using an Almonté (or equivalent) core cutting saw. Sampling intervals were generally
based on geology, were predominantly over 1m intervals but do not exceed 1.3 metres in
length. All mineralised zones were sampled, plus ≥2m of visibly barren wall rock.
Laboratory Preparation – drill core was oven dried prior to crushing to <6mm using a jaw
crusher, split to 3kg if required then pulverised in an LM5 (or equivalent) to ≥85% passing
75µm. Bulk rejects for all samples were discarded. A pulp packet (±100g) is stored for
future reference

If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or
dry.
Not applicable – no ‘non core’ sub sampling techniques or sample preparation used.

For all sample types, the nature, quality and appropriateness of the sample preparation
technique.
Alkane (ALK) sampling techniques are of industry standard and considered adequate.

Quality control procedures adopted for all sub-sampling stages to maximise
representivity of samples.
DD – external laboratory duplicates used.

Measures taken to ensure that the sampling is representative of the in situ material
collected, including for instance results for field duplicate/second-half sampling.
Entire core sampling was undertaken.

Whether sample sizes are appropriate to the grain size of the material being sampled.
Sample sizes are industry standard and considered appropriate.
Quality of
assay data and
laboratory tests

The nature, quality and appropriateness of the assaying and laboratory procedures
used and whether the technique is considered partial or total.
Gold was determined using a 50g charge fused at approximately 1100°C with alkaline fluxes,
including lead oxide. The resultant prill was dissolved in aqua regia and gold determined by flame
AAS

For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters
used in determining the analysis including instrument make and model, reading times,
calibrations factors applied and their derivation, etc.
Not applicable to this report or deposit as no geophysical tools, spectrometers, handheld
XRF instruments were used.

Nature of quality control procedures adopted (eg standards, blanks, duplicates,
external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias)
and precision have been established.
Commercially prepared Certified Reference Materials (CRM) and blanks were inserted at 1 in
50 samples. CRM’s were not identifiable to the laboratory.
Field duplicate samples were inserted at 1 in 50 samples (alternate to CRM’s).
Laboratory QAQC sampling includes insertion of CRM samples, internal duplicates and
screen tests. This data was reported for each sample submission.
Verification of
sampling and
assaying

The verification of significant intersections by either independent or alternative
company personnel.
Drill data was compiled and collated and reviewed by senior staff. Cube Consulting was
used verify exploration data until resource estimation procedures are deemed necessary.

The use of twinned holes.
Twinned holes have not been used for this drilling.

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Criteria
JORC Code explanation
Commentary
Criteria
JORC Code explanation
Commentary
Criteria
JORC Code explanation
Commentary

Documentation of primary data, data entry procedures, data verification, data storage
(physical and electronic) protocols.
All grade control drilling data at Tomingley is stored in a “Datashed” Microsoft SQL
database.
All primary assay data was received from the laboratory as electronic data files which were
imported into sampling database with verification procedures in place. QAQC analysis was
undertaken for each laboratory report.
Digital copies of Certificates of Analysis (COA) are stored in a central database with regular
(daily) backup. Original survey data is stored on site.
Data was also verified on import into mining related software.

Discuss any adjustment to assay data.
No assay data was adjusted.
Location of
data points

Accuracy and quality of surveys used to locate drill holes (collar and down-hole
surveys), trenches, mine workings and other locations used in Mineral Resource
estimation.
Drill holes were laid out by underground survey.
DD holes were surveyed during drilling to maintain drilling direction and then at 6m intervals
on retrieval of rod string using a multi shot electronic camera.

Specification of the grid system used.
Grade control drill holes laid out in MGA.

Quality and adequacy of topographic control.
The area is very flat. A site based digital terrain model was developed from accurate (±
0.1m) survey control by licenced surveyors.
Data spacing
and distribution

Data spacing for reporting of Exploration Results.
Grade control drilling is completed on a pattern ensuring a minimum of 10m x 10m pattern
when combined with resource definition drill holes.
The drill hole spacing is similar to that used at other Tomingley deposits and has been
established to be sufficient.

Whether the data spacing and distribution is sufficient to establish the degree of
geological and grade continuity appropriate for the Mineral Resource and Ore Reserve
estimation procedure(s) and classifications applied.
A Simulation Study for optimal drill spacing has been undertaken. There is a case to reduce
the spacing from 10x10 to 10x8. With the minimal mine life and visual continuity of
mineralisation between drill holes and when on the ground the 10x10 drill spacing has been
deemed appropriate,

Whether sample compositing has been applied.
Samples are diamond core and intervals are based on geological logging, and are simple
intervals as described earlier in the table.
Orientation of
data in relation
to geological
structure

Whether the orientation of sampling achieves unbiased sampling of possible structures
and the extent to which this is known, considering the deposit type.
Much care was given to attempt to intersect mineralisation at an optimal angle but in
complex ore bodies this can be difficult. A number of drilling directions were used in the
early drilling phases in an attempt to optimise the intersection angle.

If the relationship between the drilling orientation and the orientation of key mineralised
structures is considered to have introduced a sampling bias, this should be assessed
and reported if material.
It is not thought that drilling direction will bias assay data.
Sample
security

The measures taken to ensure sample security.
All samples were bagged in tied numbered calico bags, grouped into larger tied polyweave
bags and transported to the laboratory in Orange by courier. S ample submission sheets
were delivered with the samples and also emailed to the laboratory. All sample
submissions were documented via ALS tracking system and all assays were reported via
email.

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Criteria
JORC Code explanation
Commentary
Criteria
JORC Code explanation
Commentary
Criteria
JORC Code explanation
Commentary
Sample pulps were returned to site and were stored for an appropriate length of time
(minimum 3 years).
The Company has in place protocols to ensure data security.
Audits or
reviews

The results of any audits or reviews of sampling techniques and data.
The Company does not routinely have external consultants verify exploration data until
resource estimation procedures are deemed necessary.
Section 2 Reporting of Exploration Results
(Criteria listed in theprecedingsection also applyto this section.)
Criteria
JORC Code explanation
Commentary
Mineral
tenement and
land tenure
status

Type, reference name/number, location and ownership including agreements or
material issues with third parties such as joint ventures, partnerships, overriding
royalties, native title interests, historical sites, wilderness or national park and
environmental settings.
The Caloma Deposit lies within ML 1684. Roswell deposit is within ML 1858. Both mining
licences are held in the name of Tomingley Gold Operations Pty Ltd (TGO), a wholly owned
subsidiary of Alkane Resources Ltd.

The security of the tenure held at the time of reporting along with any known
impediments to obtaining a licence to operate in the area.
ML1684 expires on 11 February 2034. ML1858 expires on 19 July 2044.
Exploration
done by other
parties

Acknowledgment and appraisal of exploration by other parties.
All reported drilling has been completed by TGO.
Geology
Deposit type, geological setting and style of mineralisation.
Geological nature of the Tomingley Deposits is well documented elsewhere.
Mineralisation is associated with quartz veining and alteration focused within sub-volcanic
basaltic-andesite sills and adjacent volcaniclastic sediments. The deposits appear to have
formed as the result of a rheological contrast between the porphyritic sub-volcanic sills and
the surrounding volcaniclastic sediments, with the sills showing brittle fracture and the
sediments ductile deformation, and have many similarities to well documented orogenic -
lode-style gold deposits.
Drill hole
Information

A summary of all information material to the understanding of the exploration results
including a tabulation of the following information for all Material drill holes:
o
easting and northing of the drill hole collar
o
elevation or RL (Reduced Level – elevation above sea level in metres) of the drill
hole collar
o
dip and azimuth of the hole
o
down hole length and interception depth
o
hole length.
See body of announcement.

If the exclusion of this information is justified on the basis that the information is not
Material and this exclusion does not detract from the understanding of the report, the
Competent Person should clearly explain why this is the case.
All material drill holes (all significant drill holes with results of >1g/t Au) are reported.
Exclusion of drill hole data will not detract from the understanding of this report. All drill data
has been previously reported, holes are close spaced and in an operating mine area.

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Criteria JORC Code explanation
Commentary
JORC Code explanation
Commentary
Data
aggregation
methods

In reporting Exploration Results, weighting averaging techniques, maximum and/or
minimum grade truncations (eg cutting of high grades) and cut-off grades are usually
Material and should be stated.
Reported results have been –
o
For uncut gold grades;
o
Intercepts were defined (bounded) by 0.5g/t gold outer limit and may contain some
internal waste;
o
Only intervals grading ≥1 g/t gold were reported;
o
Grades were calculated by length weighted average.

Where aggregate intercepts incorporate short lengths of high grade results and longer
lengths of low grade results, the procedure used for such aggregation should be stated
and some typical examples of such aggregations should be shown in detail.
Exploration results are reported as length weighted average grades with internal high grade
intercepts reported separately.

The assumptions used for any reporting of metal equivalent values should be clearly
stated.
No metal equivalents are reported.
Relationship
between
mineralisation
widths and
intercept
lengths

These relationships are particularly important in the reporting of Exploration Results.
o
If the geometry of the mineralisation with respect to the drill hole angle is known, its
nature should be reported.
o
If it is not known and only the down hole lengths are reported, there should be a
clear statement to this effect (eg ‘down hole length, true width not known’).
Reported results include the drilled width and an estimate of true width.
At Caloma and Roswell the true width is approximately 80% of the drilled width.
Diagrams
Appropriate maps and sections (with scales) and tabulations of intercepts should be
included for any significant discovery being reported These should include, but not be
limited to a plan view of drill hole collar locations and appropriate sectional views.
Cross sections and plans showing drilling with 3D geological modelling are included in the
body of this announcement.
Balanced
reporting

Where comprehensive reporting of all Exploration Results is not practicable,
representative reporting of both low and high grades and/or widths should be practiced
to avoid misleading reporting of Exploration Results.
Comprehensive reporting has been undertaken with all holes grading >1g/t Au listed in the
included table. Too many drill holes to reasonably report all holes.
Other
substantive
exploration
data

Other exploration data, if meaningful and material, should be reported including (but
not limited to): geological observations; geophysical survey results; geochemical survey
results; bulk samples – size and method of treatment; metallurgical test results; bulk
density, groundwater, geotechnical and rock characteristics; potential deleterious or
contaminating substances.
No other exploration data is considered meaningful for reporting.
Further work
The nature and scale of planned further work (eg tests for lateral extensions or depth
extensions or large-scale step-out drilling).
Additional surface drilling has been completed to compliment an assessment of mining
resources below the open pit at Caloma and the planned open cut at Roswell by
underground methods and also Underground diamond infill drilling following up on the
mineralisation intersected by the surface drilling.

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Criteria JORC Code explanation CommentaryDiagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not The attached image above commercially sensitive. shows estimated blocks coloured showing different grades of mineralisation highlighting the high grade potential down dip for further exploration.

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