Business
Proposed Investment and Earn-in with Nagambie Resources
PERTH, Australia, Jan. 30, 2026 (GLOBE NEWSWIRE) -- Alkane Resources Limited (ASX: ALK, TSX: ALK, OTCQX: ALKEF) (‘Alkane’) has executed a term sheet comprising a conditional placement and earn-in agreement with Nagambie Resources Limited (ASX: NAG) (‘Nagambie’) in relation to Nagambie’s core gold-antimony project tenement package, located on a mining lease approximately 40km northeast of Alkane’s Costerfield operations in Victoria. There has been limited deep drilling to test potential depth ext
About this update from Alkane Resources Ltd
[{"type":"image","alt":"Alkane Resources Limited","displaySize":"","headline":null,"caption":"Alkane Resources Limited","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":216,"url":"https://media.zenfs.com/en/globenewswire.com/8df08d5263ec52e27900bda4b1d0e5e6"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/35aygw8uucFpIoJTlp9c6Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTMwMjtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/8df08d5263ec52e27900bda4b1d0e5e6","width":300,"height":216}},"lazy":false},{"type":"text","content":"PERTH, Australia, Jan. 30, 2026 (GLOBE NEWSWIRE) -- Alkane Resources Limited (ASX: ALK, TSX: ALK, OTCQX: ALKEF) (‘Alkane’) has executed a term sheet comprising a conditional placement and earn-in agreement with Nagambie Resources Limited (ASX: NAG) (‘Nagambie’) in relation to Nagambie’s core gold-antimony project tenement package, located on a mining lease approximately 40km northeast of Alkane’s Costerfield operations in Victoria. There has been limited deep drilling to test potential depth extensions at Nagambie, with Alkane’s proposed investment expected to target this potential as a priority.","length":603,"tagName":"p"},{"type":"text","content":"This proposed investment is consistent with Alkane’s strategy of growing resources and expanding the production at its operations. Further details in relation to the proposed investment can be found in Nagambie’s release to the ASX today.","length":238,"tagName":"p"},{"type":"text","content":"This document has been authorised for release to the market by Nic Earner, Managing Director & CEO.","length":103,"tagName":"p"},{"type":"text","content":"CONTACT: NIC EARNER, MANAGING DIRECTOR & CEO, ALKANE RESOURCES LTD, TEL +61 8 9227 5677","length":97,"tagName":"p"},{"type":"text","content":"INVESTORS & MEDIA: NATALIE CHAPMAN, CORPORATE COMMUNICATIONS MANAGER, TEL +61 418 642 556","length":99,"tagName":"p"},{"type":"text","content":"ABOUT ALKANE ‐ alkres.com ‐ ASX:ALK | TSX: ALK | OTCQX: ALKEF","length":61,"tagName":"p"},{"type":"text","content":"Alkane Resources (ASX:ALK; TSX:ALK; OTCQX:ALKEF) is an Australia-based gold and antimony producer with a portfolio of three operating mines across Australia and Sweden. The Company has a strong balance sheet and is positioned for further growth.","length":245,"tagName":"p"},{"type":"text","conte...