Project Finance Facility Fully Repaid

PERTH, Australia, Aug. 17, 2025 (GLOBE NEWSWIRE) -- Alkane Resources Limited ((ASX: ALK, TSX:ALK, OTCQX:ALKEF) (‘Alkane' or ‘the Company') is pleased to announce the repayment of the outstanding A$45,000,000 debt in the Macquarie facility established for the expansion of the Company's Tomingley Gold Operations (Tomingley) in Central New South Wales.

The A$45,000,000 has been repaid using the Company's cash reserves. Alkane is now substantively debt free apart from its standard equipment financing.

Alkane Managing Director & CEO, Nic Earner, said: "The repayment of the A$45 million outstanding balance on our debt facility reflects Alkane's financial flexibility following the completion of the merger. This position demonstrates the strength of Alkane's balance sheet and gives us increased flexibility to pursue strategic organic and potential external growth opportunities whilst retaining a very strong working capital position."

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