Alkane Resources Ltd (ASX:ALK, OTC:ALKEF) has secured a new A$150 million syndicated debt package, comprising a A$110 million revolving credit facility and a A$40 million contingent instrument facility, as it looks to strengthen balance sheet flexibility and expand its banking relationships.
The new facilities follow Alkane’s early repayment of its $45 million project finance facility in August 2025 and were arranged with ANZ, Commonwealth Bank, Macquarie Bank and Westpac under a syndicated facilities agreement.
Alkane said the revolving credit facility can be used for general corporate purposes, while the contingent instrument facility is designed to free up cash currently tied up in backing performance guarantees.
Notably, the company said the facility does not require mandatory gold hedging.
The company also flagged that its operations are performing strongly and said it expects to release a production update for the March 2026 quarter in coming weeks, ahead of its full quarterly activities report later in April 2026.
The facilities include covenants typical for debt arrangements of this kind and remain subject to satisfaction of certain conditions precedent.
Bedrock Credit and Gilbert + Tobin advised Alkane on the transaction.
Alkane reports high-grade gold-antimony hits at Kendal near Costerfield
Alkane has reported a series of exceptionally high-grade gold and antimony drill intersections from infill and extension drilling at the Kendal deposit, a near-mine target adjacent to the currently mined Youle lode at its Costerfield operation in Victoria.
The latest results support Kendal as the antimony-rich up-dip continuation of the high-grade Youle and Shepherd systems and highlight a substantial zone of shallow mineralisation close to existing underground infrastructure.
Development to access the extended Kendal system began in late 2025 and is continuing.