Alkane Resources has executed an A$150 million syndicated credit facility to support its expanding portfolio of gold and antimony operations.
The financing package, arranged with a syndicate of lenders including ANZ, Commonwealth Bank of Australia, Macquarie Bank, and Westpac, consists of an AU$110 million revolving credit facility (RCF) and an AU$40 million contingent instrument facility (CIF).
The move follows the early repayment of a AU$45 million project finance facility in August 2025 and is designed to provide the group with maximum flexibility as it eyes emerging opportunities.
The agreement does not require Alkane to enter into any mandatory gold hedging, allowing the company full exposure to prevailing spot prices.
Alkane CEO, Nic Earner, highlighted the company’s robust balance sheet, noting that cash and bullion reserves stood at AU$232 million at the end of December 2025.
“The new facilities allow us to broaden our relationships with tier-1 banks and provide additional liquidity to move quickly on emerging opportunities,” the CEO said.
“Additionally, the contingent instrument facility will provide up to AU$40 million of cash returned to the business that is currently used for backing performance guarantees across the group’s operations.”
The group’s three core producing assets, the Tomingley gold mine in New South Wales, the Costerfield gold-antimony mine in Victoria, and the Björkdal gold mine in Sweden, are performing strongly. Near-mine exploration is ongoing at all sites to grow existing resources.
Alkane is also progressing the massive Boda-Kaiser gold-copper porphyry project in Central West NSW.
With a scoping study already outlining an economic development pathway, the company remains confident in the region’s potential to become a premier global hub for gold, copper, and critical minerals.
