Ventis secundis

Alkane’s Q225 quarterly activities report demonstrated production of 14,852oz Au via the processing of 269kt ore (cf guidance of 260–290kt) at a head grade of 2.25g/t (2.1–2.3g/t) and 84.2% metallurgical recovery (82–87%). While production was 2,148oz below target, 1,700oz of this could be attributed to an increase in gold-in-circuit as a result of reduced elution stripping over the Christmas period and was, to a large extent, offset by a 1,724oz over-sale of gold relative to production (ie gold sales of 16,576oz closely approximated what production would have been in the absence of the gold-in-circuit inventory effect). With the gold price remaining high and the Australian dollar notably weak against the US dollar, in the aftermath of i...