Alkane Resources Ltd
ALKAlkane Resources Limited is an Australian firm primarily focused on the extraction and production of gold. Beyond its operational activities, the company actively conducts exploration for a range of mineral deposits, including gold, copper, nickel, zinc, and silver. A key part of its asset base includes holdings in the Tomingley Gold project, which encompasses four separate gold deposits, and the extensive Northern Molong Porphyry Project, spanning 115 square kilometers within New South Wales' Central West region. The company's diverse exploration portfolio features projects like Boda and Kaiser, Cudal, Peak Hill, Elsienora, Rockley, Armstrongs, Trangie, and Mt Conqueror. Furthermore, Alkane Resources strategically invests in emerging gold mining ventures and related enterprises. The company was founded in 1969 and maintains its corporate headquarters in West Perth, Australia.
Score
—Data Quality
Market Cap
N/A
Total valuation
Stock Price
N/A
Latest close
Free Cash Flow
N/A
Annual
Financial Position
N/A
Cash position
PEG Ratio
ⓘN/A
P/E ÷ growth
Analysis
Subscribe to see the AI Analysis
Score breakdown, criteria, red flags, bull/base/bear scenarios.
SubscribeFinancials
Asset Pipeline
Subscribe to see the Asset Pipeline
Jurisdiction exposure, project portfolio, cost structure.
SubscribeInformation
Key Information
Legal Entity
Alkane Resources Ltd
Sector
Precious Metal
Founded
January 31, 1988
Employees
105
Reporting Currency
AUD
Contact Phone
61 8 9227 5677
Website
www.alkane.com.auHeadquarters Address
66 Kings Park Road , West Perth , WA 6005 , AU
Identifiers
ISIN
AU000000ALK9CUSIP
Q02024117
Commodity Portfolio
Stock Exchanges
Organization
Chart
Interactive chart powered by TradingView. Use the chart tools to analyze price trends.
Videos
Western Star Resources ($WSR | $WSRIF): Building a U.S. Tungsten Platform
Key Highlights
detailed- The host says Alkane just posted record earnings of about $93 million and beat production guidance, yet the stock round-tripped from around $0.93-0.94 to $1.30 US and back to $0.95 as of the interview.
- Don Durrett, who owns it, calls Alkane very undervalued and likes its pipeline: producing at two properties while advancing its flagship development project, which he places in Canada and, he thinks, Finland.
- The host recalls meeting CEO Nick at Beaver Creek last year and being impressed with his vision for the company.
Tungsten prices have multiplied this year while China controls roughly 80% of supply, drawing US government funding toward domestic producers. Western Star consolidated twelve past-producing tungsten mines into three brownfield (previously mined) packages across Nevada and New Mexico. The Rowland property historically graded 3.38% tungsten, over ten times the national average, with surface sampling running 1-5%. Eagle Point carries a non-compliant (pre-modern standard) USGS resource of 200,000 tons at 0.6% tungsten, exposed at surface and never drilled. With about 46 million shares and a C$15 million market cap, the CEO argues the stock is deeply undervalued against ore value.
Alkane Resources Delivering Value in Strong Gold and Antimony Markets
Key Highlights
detailed- The guest reports Alkane delivered $93 million of profit in the quarter just past, driven by strong gold and antimony prices, and argues the cost base is sustainable even with gold about $1,000/oz below that quarter's level.
- He says the Mandalay merger significantly transformed the company, and that inclusion in the ASX 200 brings passive index buying that pushed liquidity to over $10–15 million a day, which he expects to rise further.
- At Tomingley he points to underground resource extensions and the Roswell area 2.5 km to the south, joined by an underground exploration and production drive, with exploration looking for a new resource of a couple of hundred thousand ounces.
- Exploration capital is allocated aggressively — around $10 million at Tomingley, $25 million at Coster Field (the shortest mine life but highest grade operation), and close to $10 million each at Björkdahl and in Sweden — with no new development projects currently.
- His stated end-2026 priorities are to substantially finish the highway move at Tomingley that opens two new open-cut areas holding 200,000 ounces, start development of the Swedish deposit that comes online in 2029, and find a new significant discovery at Coster Field.
Alkane's cost base looks durable: management says the company stays profitable and cash-generative even with gold off roughly $1,000 an ounce. The $93 million quarterly profit came from strong gold and antimony prices; management expects gold volatility, not cost pressure, to drive margins. Underground resource extensions at Tomingly lead the drilling plan, with a new exploration drive aimed at a few hundred thousand ounces. Exploration spend of about $10 million each at Tomingly and Björkdahl, and $25 million at Costa Field, its highest-grade, shortest-life operation. Index inclusion lifts passive demand and daily trading liquidity, and the board is weighing a first shareholder return in the September quarter.
Newsletter Favorites Sorted by Quality (April 2026)
Key Highlights
brief- Don Durrett thinks Alkane is one of the names most likely to move up to B+ soon.
- He cites a really good balance sheet right now plus growth.
Durrett ranks the 89 gold and silver stocks he owns on upside, downside risk, and company quality — a system investors can copy. His 'three-five' score marks a likely five-bagger — a stock he expects could multiply roughly five times from current levels. Only four holdings earn an A, reserved for low costs, clean balance sheets, and consistent execution — Australian mid-tier producers dominate the top. Country risk caps otherwise strong names: West African, Mexican, and Colombian exposure keeps ratings below top marks. He flags likely takeover targets among focused developers and producers still generating free cash flow.
Americas Gold and Silver ($USA | $USAS): Silver and Antimony Opportunity in Idaho
Key Highlights
detailed- The host highlights Alkane's balance sheet — substantial cash, zero debt and three producing mines in strong jurisdictions such as Sweden and Australia — arguing it can develop its number-one project without raising roughly $50 million.
- Don Durrett has owned Alkane a long time and it made his list of about 40 liked producers, but he places it below his elite tier and says it has never been a stock that super-excites him.
- Durrett still sees 10-bagger potential because its biggest project remains a development project, adding pipeline optionality, while noting it has not been a top performer over the past decade.
CEO Paul Andre Huet says the turnaround is on track: silver output stepped up 50% and targets a 3.6 million ounce run rate by year end. Huet reports Galena's measured and indicated resource — the higher-confidence categories — rose 19%, with grades up 21%, past 200 million silver ounces. Huet describes a US Antimony joint venture that turns previously penalized antimony into revenue, with an Idaho plant backed by price protection. Don Durrett frames gold and the S&P 500 as a 'final battle' gold will win, urging investors to stay invested and buy dips. With about $130 million US in cash and no planned equity raise, management says drilling at Galena, Crescent, and Cosala will be funded from operations.
Newsletter Favorites Upside (using New GSD Defaults)
Key Highlights
brief- The host says Alkane is very cheap, generating a lot of free cash flow, and building a second mine, making it roughly a three-year bet.
Raising default price assumptions to $7,000 gold and $200 silver reflects conviction that current metal prices undershoot the macro setup. Screening 90 favorite miners at those prices prints 20-plus-bagger upside for many, but most need three-to-four-year mine builds first. Near-term producers like Guanajuato Silver need no new growth, so they offer immediate leverage if silver reaches $200. A gold-silver ratio squeeze toward 2.5-3% underpins the $175-200 silver target alongside $7,000 gold within 24-36 months. Timeline to getting paid is the key filter: the longer a mine build, the longer investors must wait for the printed upside.
Newsletter Favorites Overview (Feb 2026)
Key Highlights
brief- Don says Alkane did an acquisition that made it a bigger producer, now around $1.5 billion, producing in Australia and Finland with a mine being built, making it a developer-producer.
- He is not as excited about Alkane as others - it is not on his Aussie eight list and not top 25 - but he has high hopes and owns it.
Durrett argues there is limited time left to buy gold and silver producers while they are still cheap, expecting one more significant dip. His Newsletter Favorites list leans on quality Canadian and Australian mid-tier producers, which he expects to re-rate as the bull market warms up. Companies whose second and third projects get no market value offer free upside — you pay for the first asset and get the rest for nothing. Cheap forward free-cash-flow multiples persist in West Africa and among silver producers, where weak sentiment discounts heavy leverage to metal prices. Australian producers like Ramelius reaching major-sized valuations is, in his view, the first sign the junior gold bull market is broadening.
Articles
No articles available
Published articles for this company will appear here
Want the full picture on more companies?
Be one of the first.
A room for resource investors taking shape now — independent, spam-free, no hype.