# ALK: Annual Report to shareholders

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d

Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03147814

Publisher: asx

Original announcement: 2026-10-02T02:18:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-10-02T03:08:10.470Z

Atlas analysis updated: 2026-10-02T03:08:10.470Z

- Company: Alkane Resources Ltd

- Ticker: ALK

- Exchange: ASX

- Region: Unavailable

- Primary commodity: Gold

- Secondary commodities: Antimony, Copper

- Document categories: Other, Resource update, Production

- Extracted: 2026-10-02 03:08:11 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

Alkane Resources Ltd reported a transformational year in FY2026, marked by the successful merger with Mandalay Resources, leading to record financial performance and the declaration of a maiden dividend. The company's expanded portfolio of three operating mines delivered strong production results, while exploration efforts significantly grew mineral resources and ore reserves at Costerfield and Björkdal, and advanced the Boda-Kaiser project. This positions Alkane for continued growth and shareholder returns.

Reasoning: Alkane Resources Ltd reported a transformational year in FY2026, marked by the successful merger with Mandalay Resources, leading to record financial performance and the declaration of a maiden dividend. The company's expanded portfolio of three operating mines delivered strong production results, while exploration efforts significantly grew mineral resources and ore reserves at Costerfield and Björkdal, and advanced the Boda-Kaiser project. This positions Alkane for continued growth and shareholder returns.

- Positive factor: Successful merger with Mandalay Resources completed

- Positive factor: Record financial performance with significant increase in profit, revenue, and EPS

- Positive factor: Declaration of maiden dividend and approval of share buy-back

- Positive factor: Tomingley exceeded production guidance, Costerfield met/exceeded production guidance

- Positive factor: Significant growth in Ore Reserves at Costerfield through discovery, extension, and infill drilling

- Positive factor: Doubled Mineral Resources at Storheden \(Björkdal\) through depth extension drilling

- Positive factor: Advancing Boda-Kaiser environmental studies for future project approval

- Positive factor: Strong balance sheet with high cash position and effectively debt-free

- Positive factor: Inclusion in the S&amp;P ASX 200

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 83

## Classification and evidence

No classification tags are available.

## Extracted facts

Stored fact records: 71. Some facts used in scoring do not have a stored record.

## Resource Estimates (71)

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-12)

Tomingley · gold

#### Identity

- Project: Tomingley
- Commodity: gold
- Region: australia\_nsw
- Reported Region: Central West New South Wales
- Ticker: ALK

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:12881246c4cedb31fcb6
- Deposit or zone: San Antonio

#### Resource Data

- Category: indicated
- Tonnes: 5930000
- Grade: 1.8
- Grade Unit: g/t
- Contained Metal: 347
- Contained Unit: koz
- Cutoff Grade: 0.4
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-06-30
- Prior Tonnes: 5930000
- Prior Grade: 1.8
- Prior Contained Metal: 347

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: The San Antonio Indicated resource remains unchanged from the prior year, providing a stable base for open pit planning.

- Positive factor: Indicated resource category

- Positive factor: Cut-off grade disclosed

Evidence · table

> 5,930

Context: 5,930

#### Tags used in scoring

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-13)

Tomingley · gold

#### Identity

- Project: Tomingley
- Commodity: gold
- Region: australia\_nsw
- Reported Region: Central West New South Wales
- Ticker: ALK

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:ddbb1fcd84c10e777b71
- Deposit or zone: San Antonio

#### Resource Data

- Category: inferred
- Tonnes: 1389000
- Grade: 1.3
- Grade Unit: g/t
- Contained Metal: 59
- Contained Unit: koz
- Cutoff Grade: 0.4
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-06-30

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: The San Antonio Inferred resource provides potential for future conversion but has lower confidence.

- Positive factor: Cut-off grade disclosed

- Negative factor: Inferred resource category

Evidence · table

> 1,389

Context: 5,930

#### Tags used in scoring

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-14)

Tomingley · gold

#### Identity

- Project: Tomingley
- Commodity: gold
- Region: australia\_nsw
- Reported Region: Central West New South Wales
- Ticker: ALK

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:4e97b1eb45204f4a5134
- Deposit or zone: Stockpiles

#### Resource Data

- Category: measured
- Tonnes: 342000
- Grade: 1.4
- Grade Unit: g/t
- Contained Metal: 15
- Contained Unit: koz
- Cutoff Grade: 0.4
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-06-30
- Prior Tonnes: 0
- Prior Grade: 0
- Prior Contained Metal: 0

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: The addition of 342 kt of Measured stockpile resource represents a positive increase in readily available material.

- Positive factor: Measured resource category

- Positive factor: Significant increase in stockpile tonnage

- Positive factor: Cut-off grade disclosed

Evidence · table

> 342

Context: 342

#### Tags used in scoring

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-15)

Tomingley · gold

#### Identity

- Project: Tomingley
- Commodity: gold
- Region: australia\_nsw
- Reported Region: Central West New South Wales
- Ticker: ALK

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:674811c412f6b9a039b2
- Deposit or zone: Wyoming One

#### Resource Data

- Category: measured
- Tonnes: 1011000
- Grade: 2.7
- Grade Unit: g/t
- Cutoff Grade: 1.3
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-06-30

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Wyoming One Measured resource provides a high-confidence component for underground operations.

- Positive factor: Measured resource category

- Positive factor: Cut-off grade disclosed

Evidence · table

> 1,011

Context: 1,011

#### Tags used in scoring

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-16)

Tomingley · gold

#### Identity

- Project: Tomingley
- Commodity: gold
- Region: australia\_nsw
- Reported Region: Central West New South Wales
- Ticker: ALK

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:b1c3270836beb5bd02a6
- Deposit or zone: Wyoming One

#### Resource Data

- Category: indicated
- Tonnes: 627000
- Grade: 2.1
- Grade Unit: g/t
- Cutoff Grade: 1.3
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-06-30

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Wyoming One Indicated resource contributes to the overall underground resource base.

- Positive factor: Indicated resource category

- Positive factor: Cut-off grade disclosed

Evidence · table

> 627

Context: 1,011

#### Tags used in scoring

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-17)

Tomingley · gold

#### Identity

- Project: Tomingley
- Commodity: gold
- Region: australia\_nsw
- Reported Region: Central West New South Wales
- Ticker: ALK

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:8f02e78840d027f6ba74
- Deposit or zone: Wyoming One

#### Resource Data

- Category: inferred
- Tonnes: 104000
- Grade: 2.1
- Grade Unit: g/t
- Contained Metal: 7
- Contained Unit: koz
- Cutoff Grade: 1.3
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-06-30

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Wyoming One Inferred resource offers future potential but requires further drilling for confidence upgrade.

- Positive factor: Cut-off grade disclosed

- Negative factor: Inferred resource category

Evidence · table

> 104

Context: 1,011

#### Tags used in scoring

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-18)

Tomingley · gold

#### Identity

- Project: Tomingley
- Commodity: gold
- Region: australia\_nsw
- Reported Region: Central West New South Wales
- Ticker: ALK

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:c2fbeb90f0d98611633f
- Deposit or zone: Caloma Two

#### Resource Data

- Category: measured
- Tonnes: 368000
- Grade: 2.3
- Grade Unit: g/t
- Cutoff Grade: 1.3
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-06-30

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Caloma Two Measured resource provides a high-confidence component for underground operations.

- Positive factor: Measured resource category

- Positive factor: Cut-off grade disclosed

Evidence · table

> 368

Context: 368

#### Tags used in scoring

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-19)

Tomingley · gold

#### Identity

- Project: Tomingley
- Commodity: gold
- Region: australia\_nsw
- Reported Region: Central West New South Wales
- Ticker: ALK

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:bb2cbe21655ba9074284
- Deposit or zone: Caloma Two

#### Resource Data

- Category: indicated
- Tonnes: 1499000
- Grade: 2.3
- Grade Unit: g/t
- Contained Metal: 138
- Contained Unit: koz
- Cutoff Grade: 1.3
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-06-30

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Caloma Two Indicated resource contributes significantly to the underground resource base.

- Positive factor: Indicated resource category

- Positive factor: Cut-off grade disclosed

Evidence · table

> 1,499

Context: 368

#### Tags used in scoring

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-20)

Tomingley · gold

#### Identity

- Project: Tomingley
- Commodity: gold
- Region: australia\_nsw
- Reported Region: Central West New South Wales
- Ticker: ALK

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:1dc299b4005bf3df20cc
- Deposit or zone: Caloma Two

#### Resource Data

- Category: inferred
- Tonnes: 362000
- Grade: 2
- Grade Unit: g/t
- Contained Metal: 23
- Contained Unit: koz
- Cutoff Grade: 1.3
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-06-30

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Caloma Two Inferred resource provides future potential but requires further drilling for confidence upgrade.

- Positive factor: Cut-off grade disclosed

- Negative factor: Inferred resource category

Evidence · table

> 362

Context: 368

#### Tags used in scoring

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-21)

Tomingley · gold

#### Identity

- Project: Tomingley
- Commodity: gold
- Region: australia\_nsw
- Reported Region: Central West New South Wales
- Ticker: ALK

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:2f40a557d91427721614
- Deposit or zone: McLeans

#### Resource Data

- Category: inferred
- Tonnes: 870000
- Grade: 2.5
- Grade Unit: g/t
- Contained Metal: 70
- Contained Unit: koz
- Cutoff Grade: 1.3
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-06-30

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: McLeans Inferred resource adds to the potential underground inventory but requires further work.

- Positive factor: Cut-off grade disclosed

- Negative factor: Inferred resource category

Evidence · table

> 870

Context: 0

#### Tags used in scoring

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-22)

Tomingley · gold

#### Identity

- Project: Tomingley
- Commodity: gold
- Region: australia\_nsw
- Reported Region: Central West New South Wales
- Ticker: ALK

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:b2edd53ee5a09d468bc7
- Deposit or zone: Wyoming Three

#### Resource Data

- Category: indicated
- Tonnes: 1000
- Grade: 2.5
- Grade Unit: g/t
- Contained Metal: 0
- Contained Unit: koz
- Cutoff Grade: 0.9
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-06-30
- Prior Tonnes: 70000
- Prior Grade: 2.1
- Prior Contained Metal: 5

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Wyoming Three Indicated resource saw a substantial reduction in tonnage and contained metal, likely due to changes in cut-off grade and depletion.

- Positive factor: Indicated resource category

- Positive factor: Cut-off grade disclosed

- Negative factor: Significant tonnage decline

- Negative factor: Significant contained metal decline

Evidence · table

> 1

Context: 0

#### Tags used in scoring

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Grade Improvement**

Polarity: positive

Definition: Average resource grade improved vs prior estimate — better deposit economics.

Why it applies: 2.5 against 2.1 previously

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-23)

Tomingley · gold

#### Identity

- Project: Tomingley
- Commodity: gold
- Region: australia\_nsw
- Reported Region: Central West New South Wales
- Ticker: ALK

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:e46d6bcc7d900a6a0ffc
- Deposit or zone: Wyoming Three

#### Resource Data

- Category: inferred
- Tonnes: 181000
- Grade: 1.9
- Grade Unit: g/t
- Contained Metal: 11
- Contained Unit: koz
- Cutoff Grade: 0.9
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-06-30

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Wyoming Three Inferred resource provides future potential but requires further drilling for confidence upgrade.

- Positive factor: Cut-off grade disclosed

- Negative factor: Inferred resource category

Evidence · table

> 181

Context: 0

#### Tags used in scoring

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-24)

Tomingley · gold

#### Identity

- Project: Tomingley
- Commodity: gold
- Region: australia\_nsw
- Reported Region: Central West New South Wales
- Ticker: ALK

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:ac945881c69c010740c0
- Deposit or zone: Caloma One

#### Resource Data

- Category: measured
- Tonnes: 753000
- Grade: 1.9
- Grade Unit: g/t
- Cutoff Grade: 0.9
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-06-30

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Caloma One Measured resource provides a high-confidence component for underground operations.

- Positive factor: Measured resource category

- Positive factor: Cut-off grade disclosed

Evidence · table

> 753

Context: 753

#### Tags used in scoring

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-25)

Tomingley · gold

#### Identity

- Project: Tomingley
- Commodity: gold
- Region: australia\_nsw
- Reported Region: Central West New South Wales
- Ticker: ALK

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:39bbc2284dee7bf5924b
- Deposit or zone: Caloma One

#### Resource Data

- Category: indicated
- Tonnes: 1111000
- Grade: 1.8
- Grade Unit: g/t
- Contained Metal: 110
- Contained Unit: koz
- Cutoff Grade: 0.9
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-06-30
- Prior Tonnes: 1393000
- Prior Grade: 2.1
- Prior Contained Metal: 96

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Caloma One Indicated resource shows a grade decline but an increase in contained metal, likely due to changes in cut-off grade.

- Positive factor: Indicated resource category

- Positive factor: Contained metal growth

- Positive factor: Cut-off grade disclosed

- Negative factor: Grade decline

Evidence · table

> 1,111

Context: 753

#### Tags used in scoring

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Tonnage Decline**

Polarity: negative

Definition: Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.

Why it applies: 1111000 against 1393000 previously

**Contained Metal Growth**

Polarity: positive

Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.

Why it applies: 110 against 96 previously

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-26)

Tomingley · gold

#### Identity

- Project: Tomingley
- Commodity: gold
- Region: australia\_nsw
- Reported Region: Central West New South Wales
- Ticker: ALK

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:ec474344c291f386b9be
- Deposit or zone: Caloma One

#### Resource Data

- Category: inferred
- Tonnes: 82000
- Grade: 1.2
- Grade Unit: g/t
- Contained Metal: 3
- Contained Unit: koz
- Cutoff Grade: 0.9
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-06-30

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Caloma One Inferred resource provides future potential but requires further drilling for confidence upgrade.

- Positive factor: Cut-off grade disclosed

- Negative factor: Inferred resource category

Evidence · table

> 82

Context: 753

#### Tags used in scoring

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-27)

Tomingley · gold

#### Identity

- Project: Tomingley
- Commodity: gold
- Region: australia\_nsw
- Reported Region: Central West New South Wales
- Ticker: ALK

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:65f57ff8d656d42dc83c
- Deposit or zone: Roswell

#### Resource Data

- Category: measured
- Tonnes: 3420000
- Grade: 2.6
- Grade Unit: g/t
- Cutoff Grade: 0.9
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-06-30

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Roswell Measured resource saw significant growth due to extensional drilling, adding high-confidence material to the underground inventory.

- Positive factor: Measured resource category

- Positive factor: Significant tonnage growth due to extensional drilling

- Positive factor: Cut-off grade disclosed

Evidence · table

> 3,420

Context: 3,420

#### Tags used in scoring

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-28)

Tomingley · gold

#### Identity

- Project: Tomingley
- Commodity: gold
- Region: australia\_nsw
- Reported Region: Central West New South Wales
- Ticker: ALK

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:ebfca48ffa44160a33a7
- Deposit or zone: Roswell

#### Resource Data

- Category: indicated
- Tonnes: 2240000
- Grade: 2.2
- Grade Unit: g/t
- Contained Metal: 444
- Contained Unit: koz
- Cutoff Grade: 0.9
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-06-30
- Prior Tonnes: 5136000
- Prior Grade: 2.7
- Prior Contained Metal: 452

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Roswell Indicated resource saw a decline in tonnage, grade, and contained metal, likely due to depletion and changes in cut-off grade.

- Positive factor: Indicated resource category

- Positive factor: Cut-off grade disclosed

- Negative factor: Tonnage decline

- Negative factor: Grade decline

- Negative factor: Contained metal decline

Evidence · table

> 2,240

Context: 3,420

#### Tags used in scoring

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-29)

Tomingley · gold

#### Identity

- Project: Tomingley
- Commodity: gold
- Region: australia\_nsw
- Reported Region: Central West New South Wales
- Ticker: ALK

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:fe51c95021d08df93d6c
- Deposit or zone: Roswell

#### Resource Data

- Category: inferred
- Tonnes: 551000
- Grade: 1.3
- Grade Unit: g/t
- Contained Metal: 23
- Contained Unit: koz
- Cutoff Grade: 0.9
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-06-30

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Roswell Inferred resource provides future potential but requires further drilling for confidence upgrade.

- Positive factor: Cut-off grade disclosed

- Negative factor: Inferred resource category

Evidence · table

> 551

Context: 3,420

#### Tags used in scoring

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-30)

Tomingley · gold

#### Identity

- Project: Tomingley
- Commodity: gold
- Region: australia\_nsw
- Reported Region: Central West New South Wales
- Ticker: ALK

#### Resource scope

- Estimate type: reserve
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:d0e2145710b857573f58
- Deposit or zone: San Antonio

#### Resource Data

- Category: probable
- Tonnes: 4100000
- Grade: 1.6
- Grade Unit: g/t
- Contained Metal: 214
- Contained Unit: koz
- Cutoff Grade: 0.4
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-06-30
- Prior Tonnes: 4100000
- Prior Grade: 1.6
- Prior Contained Metal: 214

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: San Antonio Probable reserve remains stable, providing a consistent base for open pit planning.

- Positive factor: Probable reserve category

- Positive factor: Cut-off grade disclosed

Evidence · table

> 4,100

Context: 4,100

#### Tags used in scoring

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### proven

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-31)

Tomingley · gold

#### Identity

- Project: Tomingley
- Commodity: gold
- Region: australia\_nsw
- Reported Region: Central West New South Wales
- Ticker: ALK

#### Resource scope

- Estimate type: reserve
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:6e1231282f4b6f26cbfd
- Deposit or zone: Stockpiles

#### Resource Data

- Category: proven
- Tonnes: 342000
- Grade: 1.4
- Grade Unit: g/t
- Contained Metal: 15
- Contained Unit: koz
- Cutoff Grade: 0.4
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-06-30
- Prior Tonnes: 314000
- Prior Grade: 1.1
- Prior Contained Metal: 11

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Stockpile Proved reserve shows positive growth in tonnage, grade, and contained metal, enhancing immediate operational flexibility.

- Positive factor: Proven reserve category

- Positive factor: Tonnage growth

- Positive factor: Grade improvement

- Positive factor: Contained metal growth

- Positive factor: Cut-off grade disclosed

Evidence · table

> 342

Context: 342

#### Tags used in scoring

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### proven

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-32)

Tomingley · gold

#### Identity

- Project: Tomingley
- Commodity: gold
- Region: australia\_nsw
- Reported Region: Central West New South Wales
- Ticker: ALK

#### Resource scope

- Estimate type: reserve
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:4bcd78f82a3bb5108766
- Deposit or zone: Caloma One

#### Resource Data

- Category: proven
- Tonnes: 83000
- Grade: 1.5
- Grade Unit: g/t
- Cutoff Grade: 1.1
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-06-30

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Caloma One Proved reserve provides a high-confidence component for underground operations.

- Positive factor: Proven reserve category

- Positive factor: Cut-off grade disclosed

Evidence · table

> 83

Context: 83

#### Tags used in scoring

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-33)

Tomingley · gold

#### Identity

- Project: Tomingley
- Commodity: gold
- Region: australia\_nsw
- Reported Region: Central West New South Wales
- Ticker: ALK

#### Resource scope

- Estimate type: reserve
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:e0b5220d357680b75ee4
- Deposit or zone: Caloma One

#### Resource Data

- Category: probable
- Tonnes: 337000
- Grade: 1.5
- Grade Unit: g/t
- Contained Metal: 21
- Contained Unit: koz
- Cutoff Grade: 1.1
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-06-30

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Caloma One Probable reserve contributes to the overall underground reserve base.

- Positive factor: Probable reserve category

- Positive factor: Cut-off grade disclosed

Evidence · table

> 337

Context: 83

#### Tags used in scoring

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### proven

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-34)

Tomingley · gold

#### Identity

- Project: Tomingley
- Commodity: gold
- Region: australia\_nsw
- Reported Region: Central West New South Wales
- Ticker: ALK

#### Resource scope

- Estimate type: reserve
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:94a75d104fa9860afa75
- Deposit or zone: Caloma Two

#### Resource Data

- Category: proven
- Tonnes: 38000
- Grade: 1.5
- Grade Unit: g/t
- Cutoff Grade: 1.3
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-06-30

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Caloma Two Proved reserve provides a high-confidence component for underground operations.

- Positive factor: Proven reserve category

- Positive factor: Cut-off grade disclosed

Evidence · table

> 38

Context: 38

#### Tags used in scoring

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-35)

Tomingley · gold

#### Identity

- Project: Tomingley
- Commodity: gold
- Region: australia\_nsw
- Reported Region: Central West New South Wales
- Ticker: ALK

#### Resource scope

- Estimate type: reserve
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:fcfec884596daf14aaa1
- Deposit or zone: Caloma Two

#### Resource Data

- Category: probable
- Tonnes: 1005000
- Grade: 1.7
- Grade Unit: g/t
- Contained Metal: 58
- Contained Unit: koz
- Cutoff Grade: 1.3
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-06-30

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Caloma Two Probable reserve contributes significantly to the underground reserve base.

- Positive factor: Probable reserve category

- Positive factor: Cut-off grade disclosed

Evidence · table

> 1,005

Context: 38

#### Tags used in scoring

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### proven

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-36)

Tomingley · gold

#### Identity

- Project: Tomingley
- Commodity: gold
- Region: australia\_nsw
- Reported Region: Central West New South Wales
- Ticker: ALK

#### Resource scope

- Estimate type: reserve
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:05f1069048a36b402377
- Deposit or zone: Roswell

#### Resource Data

- Category: proven
- Tonnes: 3364000
- Grade: 2
- Grade Unit: g/t
- Cutoff Grade: 1.1
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-06-30

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Roswell Proved reserve provides a high-confidence component for underground operations.

- Positive factor: Proven reserve category

- Positive factor: Cut-off grade disclosed

Evidence · table

> 3,364

Context: 3,364

#### Tags used in scoring

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-37)

Tomingley · gold

#### Identity

- Project: Tomingley
- Commodity: gold
- Region: australia\_nsw
- Reported Region: Central West New South Wales
- Ticker: ALK

#### Resource scope

- Estimate type: reserve
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:a88f036bcf61af55e796
- Deposit or zone: Roswell

#### Resource Data

- Category: probable
- Tonnes: 2131000
- Grade: 1.7
- Grade Unit: g/t
- Contained Metal: 333
- Contained Unit: koz
- Cutoff Grade: 1.1
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-06-30

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Roswell Probable reserve contributes significantly to the underground reserve base.

- Positive factor: Probable reserve category

- Positive factor: Cut-off grade disclosed

Evidence · table

> 2,131

Context: 3,364

#### Tags used in scoring

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-38)

Peak Hill Gold Project · gold

#### Identity

- Project: Peak Hill Gold Project
- Commodity: gold
- Region: australia\_nsw
- Reported Region: Central West New South Wales
- Ticker: ALK

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:574ac739c96fe2b9b628
- Deposit or zone: Proprietary underground

#### Resource Data

- Category: inferred
- Tonnes: 1020000
- Grade: 3.29
- Grade Unit: g/t
- Contained Metal: 108
- Contained Unit: koz
- Cutoff Grade: 2
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-06-30

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Peak Hill Inferred resource remains unchanged, representing future potential but requiring further work.

- Positive factor: Cut-off grade disclosed

- Negative factor: Inferred resource category

- Negative factor: No change in Mineral Resources for FY2026

Evidence · table

> 1.02

Context: 1.02

#### Tags used in scoring

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-39)

Peak Hill Gold Project · copper

#### Identity

- Project: Peak Hill Gold Project
- Commodity: copper
- Region: australia\_nsw
- Reported Region: Central West New South Wales
- Ticker: ALK

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:574ac739c96fe2b9b628
- Deposit or zone: Proprietary underground

#### Resource Data

- Category: inferred
- Tonnes: 1020000
- Grade: 0.15
- Grade Unit: %
- Cutoff Grade: 2
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-06-30

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Peak Hill Inferred resource for copper remains unchanged, representing future potential but requiring further work.

- Positive factor: Cut-off grade disclosed

- Negative factor: Inferred resource category

- Negative factor: No change in Mineral Resources for FY2026

Evidence · table

> 0.15

Context: 1.02

#### Tags used in scoring

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-40)

Boda-Kaiser · gold

#### Identity

- Project: Boda-Kaiser
- Commodity: gold
- Region: australia\_nsw
- Reported Region: Central West New South Wales
- Ticker: ALK

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:92b34b7945a87263c156
- Deposit or zone: Boda

#### Resource Data

- Category: indicated
- Tonnes: 191000000
- Grade: 0.36
- Grade Unit: g/t
- Contained Metal: 2.62
- Contained Unit: moz
- Cutoff Grade: 0.3
- Cutoff Unit: g/t AuEq

#### Prior Estimate

- Resource Date: 2025-10-15

#### Metal Equivalent

- Metal Eq. Grade: 0.58
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Boda Indicated resource for gold remains a significant component of the Boda-Kaiser project, with transparent metal equivalent assumptions.

- Positive factor: Indicated resource category

- Positive factor: Metal equivalent assumptions disclosed

- Positive factor: Cut-off grade disclosed

- Negative factor: No change in Mineral Resources for FY2026

Evidence · table

> 191

Context: 191

#### Tags used in scoring

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-41)

Boda-Kaiser · copper

#### Identity

- Project: Boda-Kaiser
- Commodity: copper
- Region: australia\_nsw
- Reported Region: Central West New South Wales
- Ticker: ALK

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:92b34b7945a87263c156
- Deposit or zone: Boda

#### Resource Data

- Category: indicated
- Tonnes: 191000000
- Grade: 0.17
- Grade Unit: %
- Contained Metal: 0.39
- Contained Unit: mt
- Cutoff Grade: 0.3
- Cutoff Unit: g/t AuEq

#### Prior Estimate

- Resource Date: 2025-10-15

#### Metal Equivalent

- Metal Eq. Grade: 0.58
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Boda Indicated resource for copper remains a significant component of the Boda-Kaiser project, with transparent metal equivalent assumptions.

- Positive factor: Indicated resource category

- Positive factor: Metal equivalent assumptions disclosed

- Positive factor: Cut-off grade disclosed

- Negative factor: No change in Mineral Resources for FY2026

Evidence · table

> 191

Context: 191

#### Tags used in scoring

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-42)

Boda-Kaiser · gold

#### Identity

- Project: Boda-Kaiser
- Commodity: gold
- Region: australia\_nsw
- Reported Region: Central West New South Wales
- Ticker: ALK

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:c0c4d45d59ff2e543ab3
- Deposit or zone: Boda

#### Resource Data

- Category: inferred
- Tonnes: 42000000
- Grade: 0.29
- Grade Unit: g/t
- Cutoff Grade: 0.3
- Cutoff Unit: g/t AuEq

#### Prior Estimate

- Resource Date: 2025-10-15

#### Metal Equivalent

- Metal Eq. Grade: 0.58
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Boda Inferred resource for gold provides future potential but requires further drilling for confidence upgrade.

- Positive factor: Metal equivalent assumptions disclosed

- Positive factor: Cut-off grade disclosed

- Negative factor: Inferred resource category

- Negative factor: No change in Mineral Resources for FY2026

Evidence · table

> 42

Context: 191

#### Tags used in scoring

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-43)

Boda-Kaiser · copper

#### Identity

- Project: Boda-Kaiser
- Commodity: copper
- Region: australia\_nsw
- Reported Region: Central West New South Wales
- Ticker: ALK

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:c0c4d45d59ff2e543ab3
- Deposit or zone: Boda

#### Resource Data

- Category: inferred
- Tonnes: 42000000
- Grade: 0.16
- Grade Unit: %
- Cutoff Grade: 0.3
- Cutoff Unit: g/t AuEq

#### Prior Estimate

- Resource Date: 2025-10-15

#### Metal Equivalent

- Metal Eq. Grade: 0.58
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Boda Inferred resource for copper provides future potential but requires further drilling for confidence upgrade.

- Positive factor: Metal equivalent assumptions disclosed

- Positive factor: Cut-off grade disclosed

- Negative factor: Inferred resource category

- Negative factor: No change in Mineral Resources for FY2026

Evidence · table

> 42

Context: 191

#### Tags used in scoring

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-44)

Boda-Kaiser · gold

#### Identity

- Project: Boda-Kaiser
- Commodity: gold
- Region: australia\_nsw
- Reported Region: Central West New South Wales
- Ticker: ALK

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:d9ee7ba44b60c066a619
- Deposit or zone: Kaiser

#### Resource Data

- Category: indicated
- Tonnes: 179000000
- Grade: 0.27
- Grade Unit: g/t
- Contained Metal: 1.64
- Contained Unit: moz
- Cutoff Grade: 0.3
- Cutoff Unit: g/t AuEq

#### Prior Estimate

- Resource Date: 2025-10-15

#### Metal Equivalent

- Metal Eq. Grade: 0.54
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Kaiser Indicated resource for gold remains a significant component of the Boda-Kaiser project, with transparent metal equivalent assumptions.

- Positive factor: Indicated resource category

- Positive factor: Metal equivalent assumptions disclosed

- Positive factor: Cut-off grade disclosed

- Negative factor: No change in Mineral Resources for FY2026

Evidence · table

> 179

Context: 179

#### Tags used in scoring

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-45)

Boda-Kaiser · copper

#### Identity

- Project: Boda-Kaiser
- Commodity: copper
- Region: australia\_nsw
- Reported Region: Central West New South Wales
- Ticker: ALK

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:d9ee7ba44b60c066a619
- Deposit or zone: Kaiser

#### Resource Data

- Category: indicated
- Tonnes: 179000000
- Grade: 0.2
- Grade Unit: %
- Contained Metal: 0.37
- Contained Unit: mt
- Cutoff Grade: 0.3
- Cutoff Unit: g/t AuEq

#### Prior Estimate

- Resource Date: 2025-10-15

#### Metal Equivalent

- Metal Eq. Grade: 0.54
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Kaiser Indicated resource for copper remains a significant component of the Boda-Kaiser project, with transparent metal equivalent assumptions.

- Positive factor: Indicated resource category

- Positive factor: Metal equivalent assumptions disclosed

- Positive factor: Cut-off grade disclosed

- Negative factor: No change in Mineral Resources for FY2026

Evidence · table

> 179

Context: 179

#### Tags used in scoring

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-46)

Boda-Kaiser · gold

#### Identity

- Project: Boda-Kaiser
- Commodity: gold
- Region: australia\_nsw
- Reported Region: Central West New South Wales
- Ticker: ALK

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:a8fba3cf4194a2f38075
- Deposit or zone: Kaiser

#### Resource Data

- Category: inferred
- Tonnes: 10000000
- Grade: 0.29
- Grade Unit: g/t
- Cutoff Grade: 0.3
- Cutoff Unit: g/t AuEq

#### Prior Estimate

- Resource Date: 2025-10-15

#### Metal Equivalent

- Metal Eq. Grade: 0.54
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Kaiser Inferred resource for gold provides future potential but requires further drilling for confidence upgrade.

- Positive factor: Metal equivalent assumptions disclosed

- Positive factor: Cut-off grade disclosed

- Negative factor: Inferred resource category

- Negative factor: No change in Mineral Resources for FY2026

Evidence · table

> 10

Context: 179

#### Tags used in scoring

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-47)

Boda-Kaiser · copper

#### Identity

- Project: Boda-Kaiser
- Commodity: copper
- Region: australia\_nsw
- Reported Region: Central West New South Wales
- Ticker: ALK

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:a8fba3cf4194a2f38075
- Deposit or zone: Kaiser

#### Resource Data

- Category: inferred
- Tonnes: 10000000
- Grade: 0.14
- Grade Unit: %
- Cutoff Grade: 0.3
- Cutoff Unit: g/t AuEq

#### Prior Estimate

- Resource Date: 2025-10-15

#### Metal Equivalent

- Metal Eq. Grade: 0.54
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Kaiser Inferred resource for copper provides future potential but requires further drilling for confidence upgrade.

- Positive factor: Metal equivalent assumptions disclosed

- Positive factor: Cut-off grade disclosed

- Negative factor: Inferred resource category

- Negative factor: No change in Mineral Resources for FY2026

Evidence · table

> 10

Context: 179

#### Tags used in scoring

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-48)

Boda-Kaiser · gold

#### Identity

- Project: Boda-Kaiser
- Commodity: gold
- Region: australia\_nsw
- Reported Region: Central West New South Wales
- Ticker: ALK

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:7e7ac2a00b04cfc979bc
- Deposit or zone: Boda

#### Resource Data

- Category: indicated
- Tonnes: 151000000
- Grade: 0.34
- Grade Unit: g/t
- Contained Metal: 3.78
- Contained Unit: moz
- Cutoff Grade: 0.4
- Cutoff Unit: g/t AuEq

#### Prior Estimate

- Resource Date: 2025-10-15

#### Metal Equivalent

- Metal Eq. Grade: 0.59
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Boda Indicated resource for gold remains a significant component of the Boda-Kaiser project, with transparent metal equivalent assumptions.

- Positive factor: Indicated resource category

- Positive factor: Metal equivalent assumptions disclosed

- Positive factor: Cut-off grade disclosed

- Negative factor: No change in Mineral Resources for FY2026

Evidence · table

> 151

Context: 151

#### Tags used in scoring

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-49)

Boda-Kaiser · copper

#### Identity

- Project: Boda-Kaiser
- Commodity: copper
- Region: australia\_nsw
- Reported Region: Central West New South Wales
- Ticker: ALK

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:7e7ac2a00b04cfc979bc
- Deposit or zone: Boda

#### Resource Data

- Category: indicated
- Tonnes: 151000000
- Grade: 0.2
- Grade Unit: %
- Contained Metal: 0.65
- Contained Unit: mt
- Cutoff Grade: 0.4
- Cutoff Unit: g/t AuEq

#### Prior Estimate

- Resource Date: 2025-10-15

#### Metal Equivalent

- Metal Eq. Grade: 0.59
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Boda Indicated resource for copper remains a significant component of the Boda-Kaiser project, with transparent metal equivalent assumptions.

- Positive factor: Indicated resource category

- Positive factor: Metal equivalent assumptions disclosed

- Positive factor: Cut-off grade disclosed

- Negative factor: No change in Mineral Resources for FY2026

Evidence · table

> 151

Context: 151

#### Tags used in scoring

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-50)

Boda-Kaiser · gold

#### Identity

- Project: Boda-Kaiser
- Commodity: gold
- Region: australia\_nsw
- Reported Region: Central West New South Wales
- Ticker: ALK

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:e2e8b45b9a3e3c23de42
- Deposit or zone: Boda

#### Resource Data

- Category: inferred
- Tonnes: 198000000
- Grade: 0.34
- Grade Unit: g/t
- Cutoff Grade: 0.4
- Cutoff Unit: g/t AuEq

#### Prior Estimate

- Resource Date: 2025-10-15

#### Metal Equivalent

- Metal Eq. Grade: 0.59
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Boda Inferred resource for gold provides future potential but requires further drilling for confidence upgrade.

- Positive factor: Metal equivalent assumptions disclosed

- Positive factor: Cut-off grade disclosed

- Negative factor: Inferred resource category

- Negative factor: No change in Mineral Resources for FY2026

Evidence · table

> 198

Context: 151

#### Tags used in scoring

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-51)

Boda-Kaiser · copper

#### Identity

- Project: Boda-Kaiser
- Commodity: copper
- Region: australia\_nsw
- Reported Region: Central West New South Wales
- Ticker: ALK

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:e2e8b45b9a3e3c23de42
- Deposit or zone: Boda

#### Resource Data

- Category: inferred
- Tonnes: 198000000
- Grade: 0.18
- Grade Unit: %
- Cutoff Grade: 0.4
- Cutoff Unit: g/t AuEq

#### Prior Estimate

- Resource Date: 2025-10-15

#### Metal Equivalent

- Metal Eq. Grade: 0.59
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Boda Inferred resource for copper provides future potential but requires further drilling for confidence upgrade.

- Positive factor: Metal equivalent assumptions disclosed

- Positive factor: Cut-off grade disclosed

- Negative factor: Inferred resource category

- Negative factor: No change in Mineral Resources for FY2026

Evidence · table

> 198

Context: 151

#### Tags used in scoring

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-52)

Boda-Kaiser · gold

#### Identity

- Project: Boda-Kaiser
- Commodity: gold
- Region: australia\_nsw
- Reported Region: Central West New South Wales
- Ticker: ALK

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:d276ad0e042b2c81337b
- Deposit or zone: Kaiser

#### Resource Data

- Category: indicated
- Tonnes: 16000000
- Grade: 0.3
- Grade Unit: g/t
- Contained Metal: 0.24
- Contained Unit: moz
- Cutoff Grade: 0.4
- Cutoff Unit: g/t AuEq

#### Prior Estimate

- Resource Date: 2025-10-15

#### Metal Equivalent

- Metal Eq. Grade: 0.61
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Kaiser Indicated resource for gold remains a significant component of the Boda-Kaiser project, with transparent metal equivalent assumptions.

- Positive factor: Indicated resource category

- Positive factor: Metal equivalent assumptions disclosed

- Positive factor: Cut-off grade disclosed

- Negative factor: No change in Mineral Resources for FY2026

Evidence · table

> 16

Context: 16

#### Tags used in scoring

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-53)

Boda-Kaiser · copper

#### Identity

- Project: Boda-Kaiser
- Commodity: copper
- Region: australia\_nsw
- Reported Region: Central West New South Wales
- Ticker: ALK

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:d276ad0e042b2c81337b
- Deposit or zone: Kaiser

#### Resource Data

- Category: indicated
- Tonnes: 16000000
- Grade: 0.22
- Grade Unit: %
- Contained Metal: 0.05
- Contained Unit: mt
- Cutoff Grade: 0.4
- Cutoff Unit: g/t AuEq

#### Prior Estimate

- Resource Date: 2025-10-15

#### Metal Equivalent

- Metal Eq. Grade: 0.61
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Kaiser Indicated resource for copper remains a significant component of the Boda-Kaiser project, with transparent metal equivalent assumptions.

- Positive factor: Indicated resource category

- Positive factor: Metal equivalent assumptions disclosed

- Positive factor: Cut-off grade disclosed

- Negative factor: No change in Mineral Resources for FY2026

Evidence · table

> 16

Context: 16

#### Tags used in scoring

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-54)

Boda-Kaiser · gold

#### Identity

- Project: Boda-Kaiser
- Commodity: gold
- Region: australia\_nsw
- Reported Region: Central West New South Wales
- Ticker: ALK

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:0550f943e605898958a2
- Deposit or zone: Kaiser

#### Resource Data

- Category: inferred
- Tonnes: 8000000
- Grade: 0.36
- Grade Unit: g/t
- Cutoff Grade: 0.4
- Cutoff Unit: g/t AuEq

#### Prior Estimate

- Resource Date: 2025-10-15

#### Metal Equivalent

- Metal Eq. Grade: 0.61
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Kaiser Inferred resource for gold provides future potential but requires further drilling for confidence upgrade.

- Positive factor: Metal equivalent assumptions disclosed

- Positive factor: Cut-off grade disclosed

- Negative factor: Inferred resource category

- Negative factor: No change in Mineral Resources for FY2026

Evidence · table

> 8

Context: 16

#### Tags used in scoring

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-55)

Boda-Kaiser · copper

#### Identity

- Project: Boda-Kaiser
- Commodity: copper
- Region: australia\_nsw
- Reported Region: Central West New South Wales
- Ticker: ALK

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:0550f943e605898958a2
- Deposit or zone: Kaiser

#### Resource Data

- Category: inferred
- Tonnes: 8000000
- Grade: 0.2
- Grade Unit: %
- Cutoff Grade: 0.4
- Cutoff Unit: g/t AuEq

#### Prior Estimate

- Resource Date: 2025-10-15

#### Metal Equivalent

- Metal Eq. Grade: 0.61
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Kaiser Inferred resource for copper provides future potential but requires further drilling for confidence upgrade.

- Positive factor: Metal equivalent assumptions disclosed

- Positive factor: Cut-off grade disclosed

- Negative factor: Inferred resource category

- Negative factor: No change in Mineral Resources for FY2026

Evidence · table

> 8

Context: 16

#### Tags used in scoring

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-56)

Costerfield · gold

#### Identity

- Project: Costerfield
- Commodity: gold
- Region: australia\_vic
- Reported Region: Central Victoria
- Ticker: ALK

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:454474202bd5c491abeb

#### Resource Data

- Category: measured
- Tonnes: 423000
- Grade: 10
- Grade Unit: g/t
- Contained Metal: 136
- Contained Unit: koz

#### Prior Estimate

- Resource Date: 2026-06-30
- Prior Tonnes: 387000
- Prior Grade: 13.1
- Prior Contained Metal: 162

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Costerfield Measured gold resource shows tonnage growth but a decline in grade and contained metal, likely due to depletion and changes in cut-off grade.

- Positive factor: Measured resource category

- Positive factor: Tonnage growth

- Negative factor: Grade decline

- Negative factor: Contained metal decline

Evidence · table

> 423

Context: 423

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Dilutive Growth**

Polarity: negative

Definition: Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.

Why it applies: tonnage rose while contained metal went 136 from 162

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-57)

Costerfield · antimony

#### Identity

- Project: Costerfield
- Commodity: antimony
- Region: australia\_vic
- Reported Region: Central Victoria
- Ticker: ALK

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:454474202bd5c491abeb

#### Resource Data

- Category: measured
- Tonnes: 423000
- Grade: 3.2
- Grade Unit: %
- Contained Metal: 13.7
- Contained Unit: kt

#### Prior Estimate

- Resource Date: 2026-06-30
- Prior Tonnes: 387000
- Prior Grade: 3.7
- Prior Contained Metal: 14.4

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Costerfield Measured antimony resource shows tonnage growth but a decline in grade and contained metal, likely due to depletion and changes in cut-off grade.

- Positive factor: Measured resource category

- Positive factor: Tonnage growth

- Negative factor: Grade decline

- Negative factor: Contained metal decline

Evidence · table

> 423

Context: 423

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Dilutive Growth**

Polarity: negative

Definition: Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.

Why it applies: tonnage rose while contained metal went 13.7 from 14.4

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-58)

Costerfield · gold

#### Identity

- Project: Costerfield
- Commodity: gold
- Region: australia\_vic
- Reported Region: Central Victoria
- Ticker: ALK

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:996f35f900de641b130a

#### Resource Data

- Category: measured
- Tonnes: 49000
- Grade: 3.7
- Grade Unit: g/t
- Contained Metal: 6
- Contained Unit: koz

#### Prior Estimate

- Resource Date: 2026-06-30
- Prior Tonnes: 41000
- Prior Grade: 5.6
- Prior Contained Metal: 7

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Costerfield Measured stockpile gold resource shows tonnage growth but a decline in grade and contained metal.

- Positive factor: Measured resource category

- Positive factor: Tonnage growth

- Negative factor: Grade decline

- Negative factor: Contained metal decline

Evidence · table

> 49

Context: 49

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Dilutive Growth**

Polarity: negative

Definition: Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.

Why it applies: tonnage rose while contained metal went 6 from 7

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-59)

Costerfield · antimony

#### Identity

- Project: Costerfield
- Commodity: antimony
- Region: australia\_vic
- Reported Region: Central Victoria
- Ticker: ALK

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:996f35f900de641b130a

#### Resource Data

- Category: measured
- Tonnes: 49000
- Grade: 0.6
- Grade Unit: %
- Contained Metal: 0.3
- Contained Unit: kt

#### Prior Estimate

- Resource Date: 2026-06-30
- Prior Tonnes: 41000
- Prior Grade: 0.7
- Prior Contained Metal: 0.3

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Costerfield Measured stockpile antimony resource shows tonnage growth but a slight grade decline, with stable contained metal.

- Positive factor: Measured resource category

- Positive factor: Tonnage growth

- Negative factor: Grade decline

Evidence · table

> 49

Context: 49

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Dilutive Growth**

Polarity: negative

Definition: Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.

Why it applies: tonnage rose while contained metal went 0.3 from 0.3

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-60)

Costerfield · gold

#### Identity

- Project: Costerfield
- Commodity: gold
- Region: australia\_vic
- Reported Region: Central Victoria
- Ticker: ALK

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:9071e44282f627e73569

#### Resource Data

- Category: indicated
- Tonnes: 1521000
- Grade: 5
- Grade Unit: g/t
- Contained Metal: 245
- Contained Unit: koz

#### Prior Estimate

- Resource Date: 2026-06-30
- Prior Tonnes: 735000
- Prior Grade: 5.5
- Prior Contained Metal: 131

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Costerfield Indicated gold resource shows significant growth in tonnage and contained metal, driven by exploration success and category upgrades, despite a slight grade decline.

- Positive factor: Indicated resource category

- Positive factor: Significant tonnage growth

- Positive factor: Significant contained metal growth

- Positive factor: Category upgrade from exploration success

- Negative factor: Grade decline

Evidence · table

> 1,521

Context: 1,521

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-61)

Costerfield · antimony

#### Identity

- Project: Costerfield
- Commodity: antimony
- Region: australia\_vic
- Reported Region: Central Victoria
- Ticker: ALK

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:9071e44282f627e73569

#### Resource Data

- Category: indicated
- Tonnes: 1521000
- Grade: 1.8
- Grade Unit: %
- Contained Metal: 28
- Contained Unit: kt

#### Prior Estimate

- Resource Date: 2026-06-30
- Prior Tonnes: 735000
- Prior Grade: 2
- Prior Contained Metal: 15

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Costerfield Indicated antimony resource shows significant growth in tonnage and contained metal, driven by exploration success and category upgrades, despite a slight grade decline.

- Positive factor: Indicated resource category

- Positive factor: Significant tonnage growth

- Positive factor: Significant contained metal growth

- Positive factor: Category upgrade from exploration success

- Negative factor: Grade decline

Evidence · table

> 1,521

Context: 1,521

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-62)

Costerfield · gold

#### Identity

- Project: Costerfield
- Commodity: gold
- Region: australia\_vic
- Reported Region: Central Victoria
- Ticker: ALK

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:c6b383cf2f8995bd22cd

#### Resource Data

- Category: inferred
- Tonnes: 969000
- Grade: 3.6
- Grade Unit: g/t
- Contained Metal: 111
- Contained Unit: koz

#### Prior Estimate

- Resource Date: 2026-06-30

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Costerfield Inferred gold resource provides future potential but requires further drilling for confidence upgrade.

- Negative factor: Inferred resource category

Evidence · table

> 969

Context: 969

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-63)

Costerfield · antimony

#### Identity

- Project: Costerfield
- Commodity: antimony
- Region: australia\_vic
- Reported Region: Central Victoria
- Ticker: ALK

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:c6b383cf2f8995bd22cd

#### Resource Data

- Category: inferred
- Tonnes: 969000
- Grade: 1.3
- Grade Unit: %
- Contained Metal: 12.9
- Contained Unit: kt

#### Prior Estimate

- Resource Date: 2026-06-30

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Costerfield Inferred antimony resource provides future potential but requires further drilling for confidence upgrade.

- Negative factor: Inferred resource category

Evidence · table

> 969

Context: 969

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### proven

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-64)

Costerfield · gold

#### Identity

- Project: Costerfield
- Commodity: gold
- Region: australia\_vic
- Reported Region: Central Victoria
- Ticker: ALK

#### Resource scope

- Estimate type: reserve
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:19e14e0aaeca2a3bf0c6

#### Resource Data

- Category: proven
- Tonnes: 220000
- Grade: 7.4
- Grade Unit: g/t
- Contained Metal: 52
- Contained Unit: koz

#### Prior Estimate

- Resource Date: 2026-06-30
- Prior Tonnes: 255700
- Prior Grade: 11.6
- Prior Contained Metal: 95.6

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Costerfield Proved gold reserve saw declines in tonnage, grade, and contained metal, likely due to depletion.

- Positive factor: Proven reserve category

- Negative factor: Tonnage decline

- Negative factor: Grade decline

- Negative factor: Contained metal decline

Evidence · table

> 220

Context: 220

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### proven

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-65)

Costerfield · antimony

#### Identity

- Project: Costerfield
- Commodity: antimony
- Region: australia\_vic
- Reported Region: Central Victoria
- Ticker: ALK

#### Resource scope

- Estimate type: reserve
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:19e14e0aaeca2a3bf0c6

#### Resource Data

- Category: proven
- Tonnes: 220000
- Grade: 1.7
- Grade Unit: %
- Contained Metal: 3.7
- Contained Unit: kt

#### Prior Estimate

- Resource Date: 2026-06-30
- Prior Tonnes: 255700
- Prior Grade: 2.4
- Prior Contained Metal: 6.1

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Costerfield Proved antimony reserve saw declines in tonnage, grade, and contained metal, likely due to depletion.

- Positive factor: Proven reserve category

- Negative factor: Tonnage decline

- Negative factor: Grade decline

- Negative factor: Contained metal decline

Evidence · table

> 220

Context: 220

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### proven

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-66)

Costerfield · gold

#### Identity

- Project: Costerfield
- Commodity: gold
- Region: australia\_vic
- Reported Region: Central Victoria
- Ticker: ALK

#### Resource scope

- Estimate type: reserve
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:dcc518ed4c16492807f0

#### Resource Data

- Category: proven
- Tonnes: 49000
- Grade: 3.7
- Grade Unit: g/t
- Contained Metal: 6
- Contained Unit: koz

#### Prior Estimate

- Resource Date: 2026-06-30
- Prior Tonnes: 41000
- Prior Grade: 5.6
- Prior Contained Metal: 7.4

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Costerfield Proved stockpile gold reserve shows tonnage growth but a decline in grade and contained metal.

- Positive factor: Proven reserve category

- Positive factor: Tonnage growth

- Negative factor: Grade decline

- Negative factor: Contained metal decline

Evidence · table

> 49

Context: 49

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Dilutive Growth**

Polarity: negative

Definition: Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.

Why it applies: tonnage rose while contained metal went 6 from 7.4

### proven

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-67)

Costerfield · antimony

#### Identity

- Project: Costerfield
- Commodity: antimony
- Region: australia\_vic
- Reported Region: Central Victoria
- Ticker: ALK

#### Resource scope

- Estimate type: reserve
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:dcc518ed4c16492807f0

#### Resource Data

- Category: proven
- Tonnes: 49000
- Grade: 0.6
- Grade Unit: %
- Contained Metal: 0.3
- Contained Unit: kt

#### Prior Estimate

- Resource Date: 2026-06-30
- Prior Tonnes: 41000
- Prior Grade: 0.7
- Prior Contained Metal: 0.3

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Costerfield Proved stockpile antimony reserve shows tonnage growth but a slight grade decline, with stable contained metal.

- Positive factor: Proven reserve category

- Positive factor: Tonnage growth

- Negative factor: Grade decline

Evidence · table

> 49

Context: 49

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Dilutive Growth**

Polarity: negative

Definition: Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.

Why it applies: tonnage rose while contained metal went 0.3 from 0.3

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-68)

Costerfield · gold

#### Identity

- Project: Costerfield
- Commodity: gold
- Region: australia\_vic
- Reported Region: Central Victoria
- Ticker: ALK

#### Resource scope

- Estimate type: reserve
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:659bb83d7bb1d65cf9b6

#### Resource Data

- Category: probable
- Tonnes: 690000
- Grade: 5.1
- Grade Unit: g/t
- Contained Metal: 112
- Contained Unit: koz

#### Prior Estimate

- Resource Date: 2026-06-30
- Prior Tonnes: 240400
- Prior Grade: 6
- Prior Contained Metal: 46.1

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Costerfield Probable gold reserve shows significant growth in tonnage and contained metal, driven by new lodes, despite a grade decline.

- Positive factor: Probable reserve category

- Positive factor: Significant tonnage growth

- Positive factor: Significant contained metal growth

- Positive factor: Additions from Brunswick South and Kendal lodes

- Negative factor: Grade decline

Evidence · table

> 690

Context: 690

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-69)

Costerfield · antimony

#### Identity

- Project: Costerfield
- Commodity: antimony
- Region: australia\_vic
- Reported Region: Central Victoria
- Ticker: ALK

#### Resource scope

- Estimate type: reserve
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:659bb83d7bb1d65cf9b6

#### Resource Data

- Category: probable
- Tonnes: 690000
- Grade: 1.6
- Grade Unit: %
- Contained Metal: 10.9
- Contained Unit: kt

#### Prior Estimate

- Resource Date: 2026-06-30
- Prior Tonnes: 240400
- Prior Grade: 1.8
- Prior Contained Metal: 4.2

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Costerfield Probable antimony reserve shows significant growth in tonnage and contained metal, driven by new lodes, despite a grade decline.

- Positive factor: Probable reserve category

- Positive factor: Significant tonnage growth

- Positive factor: Significant contained metal growth

- Positive factor: Additions from Brunswick South and Kendal lodes

- Negative factor: Grade decline

Evidence · table

> 690

Context: 690

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-70)

Björkdal · gold

#### Identity

- Project: Björkdal
- Commodity: gold
- Region: sweden
- Reported Region: Northern Sweden
- Ticker: ALK

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:3548bef4ebffc8fa4c4a
- Deposit or zone: Björkdal Underground

#### Resource Data

- Category: measured
- Tonnes: 1278000
- Grade: 2.48
- Grade Unit: g/t
- Contained Metal: 102
- Contained Unit: koz

#### Prior Estimate

- Resource Date: 2026-06-30

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Björkdal Underground Measured resource provides a high-confidence component for operations.

- Positive factor: Measured resource category

Evidence · table

> 1,278

Context: 1,278

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-71)

Björkdal · gold

#### Identity

- Project: Björkdal
- Commodity: gold
- Region: sweden
- Reported Region: Northern Sweden
- Ticker: ALK

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:ee060b0a08196d28f14e
- Deposit or zone: Björkdal Open Pit

#### Resource Data

- Category: indicated
- Tonnes: 4102000
- Grade: 1.62
- Grade Unit: g/t
- Contained Metal: 214
- Contained Unit: koz

#### Prior Estimate

- Resource Date: 2026-06-30

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Björkdal Open Pit Indicated resource contributes to the overall resource base.

- Positive factor: Indicated resource category

Evidence · table

> 4,102

Context: 4,102

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-72)

Björkdal · gold

#### Identity

- Project: Björkdal
- Commodity: gold
- Region: sweden
- Reported Region: Northern Sweden
- Ticker: ALK

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:05e936bd0ac0abbb32fd
- Deposit or zone: Björkdal Underground

#### Resource Data

- Category: indicated
- Tonnes: 14881000
- Grade: 2.21
- Grade Unit: g/t
- Contained Metal: 1058
- Contained Unit: koz

#### Prior Estimate

- Resource Date: 2026-06-30
- Prior Tonnes: 20125000
- Prior Grade: 2.14
- Prior Contained Metal: 1382

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Björkdal Underground Indicated resource shows a decline in tonnage and contained metal, despite a slight grade improvement, likely due to depletion.

- Positive factor: Indicated resource category

- Positive factor: Grade improvement

- Negative factor: Tonnage decline

- Negative factor: Contained metal decline

Evidence · table

> 14,881

Context: 14,881

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-73)

Björkdal · gold

#### Identity

- Project: Björkdal
- Commodity: gold
- Region: sweden
- Reported Region: Northern Sweden
- Ticker: ALK

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:d38fd85b216e49a7034f
- Deposit or zone: Storheden Underground

#### Resource Data

- Category: indicated
- Tonnes: 1075000
- Grade: 2.51
- Grade Unit: g/t
- Contained Metal: 87
- Contained Unit: koz

#### Prior Estimate

- Resource Date: 2026-06-30
- Prior Tonnes: 0
- Prior Grade: 0
- Prior Contained Metal: 0

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Storheden Indicated resource is a new and significant addition, demonstrating successful extensional drilling and resource growth.

- Positive factor: Indicated resource category

- Positive factor: Significant tonnage growth

- Positive factor: Significant contained metal growth

- Positive factor: Category upgrade from extensional drilling

Evidence · table

> 1,075

Context: 1,075

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-74)

Björkdal · gold

#### Identity

- Project: Björkdal
- Commodity: gold
- Region: sweden
- Reported Region: Northern Sweden
- Ticker: ALK

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:e9677a04a11ccef43d77
- Deposit or zone: Stockpile

#### Resource Data

- Category: indicated
- Tonnes: 916000
- Grade: 0.57
- Grade Unit: g/t
- Contained Metal: 17
- Contained Unit: koz

#### Prior Estimate

- Resource Date: 2026-06-30

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Björkdal Stockpile Indicated resource provides additional material for processing.

- Positive factor: Indicated resource category

Evidence · table

> 916

Context: 916

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-75)

Björkdal · gold

#### Identity

- Project: Björkdal
- Commodity: gold
- Region: sweden
- Reported Region: Northern Sweden
- Ticker: ALK

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:c9caa3403223eefc4050
- Deposit or zone: Norrberget Open Pit

#### Resource Data

- Category: indicated
- Tonnes: 221000
- Grade: 2.76
- Grade Unit: g/t
- Contained Metal: 20
- Contained Unit: koz

#### Prior Estimate

- Resource Date: 2026-06-30
- Prior Tonnes: 221000
- Prior Grade: 2.76
- Prior Contained Metal: 20

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Norrberget Open Pit Indicated resource remains stable, contributing to the overall resource base.

- Positive factor: Indicated resource category

- Negative factor: No change in Mineral Resources for FY2026

Evidence · table

> 221

Context: 221

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-76)

Björkdal · gold

#### Identity

- Project: Björkdal
- Commodity: gold
- Region: sweden
- Reported Region: Northern Sweden
- Ticker: ALK

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:7a4851525d9206fdb025
- Deposit or zone: Björkdal Open Pit

#### Resource Data

- Category: inferred
- Tonnes: 6371000
- Grade: 1.13
- Grade Unit: g/t
- Contained Metal: 231
- Contained Unit: koz

#### Prior Estimate

- Resource Date: 2026-06-30

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Björkdal Open Pit Inferred resource provides future potential but requires further drilling for confidence upgrade.

- Negative factor: Inferred resource category

Evidence · table

> 6,371

Context: 6,371

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-77)

Björkdal · gold

#### Identity

- Project: Björkdal
- Commodity: gold
- Region: sweden
- Reported Region: Northern Sweden
- Ticker: ALK

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:92c74e58a4b1c0c4c218
- Deposit or zone: Björkdal Underground

#### Resource Data

- Category: inferred
- Tonnes: 3783000
- Grade: 1.96
- Grade Unit: g/t
- Contained Metal: 238
- Contained Unit: koz

#### Prior Estimate

- Resource Date: 2026-06-30

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Björkdal Underground Inferred resource provides future potential but requires further drilling for confidence upgrade.

- Negative factor: Inferred resource category

Evidence · table

> 3,783

Context: 6,371

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-78)

Björkdal · gold

#### Identity

- Project: Björkdal
- Commodity: gold
- Region: sweden
- Reported Region: Northern Sweden
- Ticker: ALK

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:f2d2f54963e5dea83d80
- Deposit or zone: Storheden Underground

#### Resource Data

- Category: inferred
- Tonnes: 1846000
- Grade: 2.11
- Grade Unit: g/t
- Contained Metal: 125
- Contained Unit: koz

#### Prior Estimate

- Resource Date: 2026-06-30

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Storheden Underground Inferred resource provides future potential but requires further drilling for confidence upgrade.

- Negative factor: Inferred resource category

Evidence · table

> 1,846

Context: 6,371

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-79)

Björkdal · gold

#### Identity

- Project: Björkdal
- Commodity: gold
- Region: sweden
- Reported Region: Northern Sweden
- Ticker: ALK

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:2bf97cfdc188174f682e
- Deposit or zone: Norrberget Open Pit

#### Resource Data

- Category: inferred
- Tonnes: 96000
- Grade: 5.38
- Grade Unit: g/t
- Contained Metal: 17
- Contained Unit: koz

#### Prior Estimate

- Resource Date: 2026-06-30

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Norrberget Open Pit Inferred resource provides future potential but requires further drilling for confidence upgrade.

- Negative factor: Inferred resource category

Evidence · table

> 96

Context: 6,371

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### proven

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-80)

Björkdal · gold

#### Identity

- Project: Björkdal
- Commodity: gold
- Region: sweden
- Reported Region: Northern Sweden
- Ticker: ALK

#### Resource scope

- Estimate type: reserve
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:0e26aae48d83ea144595
- Deposit or zone: Björkdal Underground

#### Resource Data

- Category: proven
- Tonnes: 1155000
- Grade: 1.63
- Grade Unit: g/t
- Contained Metal: 61
- Contained Unit: koz

#### Prior Estimate

- Resource Date: 2026-06-30
- Prior Tonnes: 848000
- Prior Grade: 1.54
- Prior Contained Metal: 42

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Björkdal Underground Proven reserve shows positive growth in tonnage, grade, and contained metal, enhancing operational confidence.

- Positive factor: Proven reserve category

- Positive factor: Tonnage growth

- Positive factor: Grade improvement

- Positive factor: Contained metal growth

Evidence · table

> 1,155

Context: 1,155

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-81)

Björkdal · gold

#### Identity

- Project: Björkdal
- Commodity: gold
- Region: sweden
- Reported Region: Northern Sweden
- Ticker: ALK

#### Resource scope

- Estimate type: reserve
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:1d1c45e3c8e01c14bbc6
- Deposit or zone: Björkdal Underground

#### Resource Data

- Category: probable
- Tonnes: 5526000
- Grade: 1.61
- Grade Unit: g/t
- Contained Metal: 287
- Contained Unit: koz

#### Prior Estimate

- Resource Date: 2026-06-30
- Prior Tonnes: 12200000
- Prior Grade: 1.28
- Prior Contained Metal: 501

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Björkdal Underground Probable reserve saw significant declines in tonnage and contained metal, despite a grade improvement, likely due to depletion.

- Positive factor: Probable reserve category

- Positive factor: Grade improvement

- Negative factor: Significant tonnage decline

- Negative factor: Significant contained metal decline

Evidence · table

> 5,526

Context: 5,526

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/alk-annual-report-to-shareholders--db70cbec-2afc-4def-9805-9afa8ceacd7d#fact-resource-facts-82)

Björkdal · gold

#### Identity

- Project: Björkdal
- Commodity: gold
- Region: sweden
- Reported Region: Northern Sweden
- Ticker: ALK

#### Resource scope

- Estimate type: reserve
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Chris Davis, Mr Craig Pridmore, Mr John Millbank, Mr Christopher Hiller, Mr David Meates, Mr Cael Gniel, Mr Robert Urie, Mr Reno Pressacco, Mr Bryan J. Pullman
- Resource group id: resource:f41a8853e06a6858c393
- Deposit or zone: Björkdal Open Pit

#### Resource Data

- Category: probable
- Tonnes: 5363000
- Grade: 1.06
- Grade Unit: g/t
- Contained Metal: 184
- Contained Unit: koz

#### Prior Estimate

- Resource Date: 2026-06-30

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-02T00:00:00.000Z

Reasoning: Björkdal Open Pit Probable reserve contributes to the overall reserve base.

- Positive factor: Probable reserve category

Evidence · table

> 5,363

Context: 5,363

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.
