Alkane Resources — Major Shareholding Notification 2026

Apr 23, 2026

604 page 1/2 15 July 2018

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To Company/registered scheme/notified foreign passport fund name	Alkane Resources Ltd.
ACN/ARSN/APFRN
NFPFRN (if applicable)	000 689 216
1. Details of substantial holder (1)
Name	GMT Capital Corp.
ACN/ARSN/APFRN (if applicable)
NFPFRN (if applicable)

There was a change in the interests of the substantial holder on 22/4/2026
The previous notice was given to the company, or the responsible entity for a registered scheme, or the operator of a notified foreign passport fund on 13/3/2026
The previous notice was dated 13/3/2026

2. Previous and present voting power

The total number of votes attached to all the voting shares or interests in the company, scheme or fund that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company, scheme or fund, are as follows:

Class of securities (4)	Previous notice		Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Fully Paid Ordinary Shares	83,734,251	6.13%	69,820,351	5.11%
(FPO)

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company, scheme or fund, since the substantial holder was last required to give a substantial holding notice to the company, scheme or fund are as follows:

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
	See Annexure A

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
	See Annexure A

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page2/2 15 July 2018

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting securities in the company, scheme or fund are as follows:

Name and ACN/ARSN/APFRN (if applicable) and NFPFRN (if applicable)	Nature of association

6. Addresses

The addresses of persons named in this form are as follows:

Name	Address
GMT Capital Corp.	2859 Paces Ferry Road SE, Suite 1710, Atlanta, GA 30339

Signature

print name Omar Z Idilby
capacity Chief Compliance Officer
date 23' 4 ' 2026
sign here

DIRECTIONS

(1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.

(2) See the definition of "associate" in section 9 of the Corporations Act 2001.

(3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

(4) The voting shares of a company constitute one class unless divided into separate classes.

(5) The person's votes divided by the total votes in the body corporate, scheme or fund multiplied by 100.

(6) Include details of:

(a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

(b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

(7) Details of the consideration must include any and all benefits, money or otherwise, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

(8) If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".

(9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

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ANNEXURE A

COMPANY/REGISTERED SCHEME/ NOTIFIED FOREIGN PASSPORT FUND NAME: ALKANE RESOURCES LTD.

NFPFRN: 000 689 216

1. CHANGES IN RELEVANT INTERESTS

DATE OF CHANGE	PERSON WHOSE RELEVANT INTEREST CHANGED	NATURE OF CHANGE	CONSIDERATION GIVEN IN RELATION TO CHANGE	CLASS AND NUMBER OF SECURITIES AFFECTED	PERSON'S VOTES AFFECTED
13/3/2026	GMT CAPITAL CORP.	SALE OF FPO ON PUBLIC EXCHANGE	770387.06 US DOLLARS	738500 FPO	738500
16/3/2026	GMT CAPITAL CORP.	SALE OF FPO ON PUBLIC EXCHANGE	1096792.53 US DOLLARS	1043100 FPO	1043100
18/3/2026	GMT CAPITAL CORP.	SALE OF FPO ON PUBLIC EXCHANGE	1101379.88 US DOLLARS	1043100 FPO	1043100
19/3/2026	GMT CAPITAL CORP.	SALE OF FPO ON PUBLIC EXCHANGE	985653.66 US DOLLARS	1043100 FPO	1043100
20/3/2026	GMT CAPITAL CORP.	SALE OF FPO ON PUBLIC EXCHANGE	349505.71 US DOLLARS	345500 FPO	345500
23/3/2026	GMT CAPITAL CORP.	SALE OF FPO ON PUBLIC EXCHANGE	907263.75 US DOLLARS	942300 FPO	942300
24/3/2026	GMT CAPITAL CORP.	SALE OF FPO ON PUBLIC EXCHANGE	95561 US DOLLARS	100800 FPO	100800
26/3/2026	GMT CAPITAL CORP.	SALE OF FPO ON PUBLIC EXCHANGE	335917.16 US DOLLARS	356400 FPO	356400
27/3/2026	GMT CAPITAL CORP.	SALE OF FPO ON PUBLIC EXCHANGE	651627 US DOLLARS	686700 FPO	686700
7/4/2026	GMT CAPITAL CORP.	SALE OF FPO ON PUBLIC EXCHANGE	344812.39 US DOLLARS	324600 FPO	324600
8/4/2026	GMT CAPITAL CORP.	SALE OF FPO ON PUBLIC EXCHANGE	383025.78 US DOLLARS	334600 FPO	334600
9/4/2026	GMT CAPITAL CORP.	SALE OF FPO ON PUBLIC EXCHANGE	1265783.34 US DOLLARS	1015815 FPO	1015815

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10/4/2026	GMT CAPITAL CORP.	SALE OF FPO ON PUBLIC EXCHANGE	1223115.73 US DOLLARS	979862 FPO	979862
13/4/2026	GMT CAPITAL CORP.	SALE OF FPO ON PUBLIC EXCHANGE	459795.76 US DOLLARS	370023 FPO	370023
14/4/2026	GMT CAPITAL CORP.	SALE OF FPO ON PUBLIC EXCHANGE	149191.41 US DOLLARS	115059 FPO	115059
15/4/2026	GMT CAPITAL CORP.	SALE OF FPO ON PUBLIC EXCHANGE	1093185.86 US DOLLARS	823741 FPO	823741
17/4/2026	GMT CAPITAL CORP.	SALE OF FPO ON PUBLIC EXCHANGE	1092120.29 US DOLLARS	834400 FPO	834400
20/4/2026	GMT CAPITAL CORP.	SALE OF FPO ON PUBLIC EXCHANGE	1190042.59 US DOLLARS	938800 FPO	938800
21/4/2026	GMT CAPITAL CORP.	SALE OF FPO ON PUBLIC EXCHANGE	1171257.29 US DOLLARS	938700 FPO	938700
22/4/2026	GMT CAPITAL CORP.	SALE OF FPO ON PUBLIC EXCHANGE	1099405.35 US DOLLARS	938800 FPO	938800

4. PRESENT RELEVANT INTERESTS

HOLDER OF RELEVANT INTEREST	REGISTERED HOLDER OF SECURITIES	PERSON ENTITLED TO BE REGISTERED AS HOLDER	NATURE OF RELEVANT INTEREST	CLASS AND NUMBER OF SECURITIES	PERSON'S VOTES
GMT CAPITAL CORP.	GMT CAPITAL CORP.	GMT CAPITAL CORP.	REGISTERED HOLDER OF SECURITIES	69820351FPO	69820351

THIS IS ANNEXURE A OF 2 PAGES REFERRED TO IN FORM 604- NOTICE OF CHANGE IN INTERESTS OF SUBSTANTIAL HOLDER

OMAR Z. IDILBY

23/04/2026