BUZZ-Australia's Alkane hits 14-year high on Nagambie antimony-gold JV deal

Reuters

Jan 30

** Shares of Alkane Resources ALK.AX rise as much as 1.8% to A$1.70, their highest level since late-September 2011

** Gold miner says it will earn up to 80% of Nagambie's antimony-gold project by funding exploration and mine development, with spending capped at A$27.5 million ($19.34 million)

** Says deal leverages Alkane's nearby Costerfield mine, allowing ore from the Nagambie antimony-gold project to be processed using existing infrastructure

** Stock up 0.9% by 0110 GMT, on track for its second-straight day of gains

** ALK on track for 10-straight weeks of gains, having added over 4% in value so far this week

** Stock up 24.4% this year, including the day's move

($1 = 1.4221 Australian dollars)

(Reporting by Roushni Nair in Bengaluru)

((Roushni.nair@thomsonreuters.com))

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JV deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2026-01-30 09:18</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Australia's Alkane hits 14-year high on Nagambie antimony-gold JV deal</title></head><body><p>** Shares of Alkane Resources <span>ALK.AX</span> rise as much as 1.8% to A$1.70, their highest level since late-September 2011</p><p>** Gold miner says it will <span>earn</span> up to 80% of Nagambie's antimony-gold project by funding exploration and mine development, with spending capped at A$27.5 million ($19.34 million)</p><p>** Says deal leverages Alkane's nearby Costerfield mine, allowing ore from the 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10-straight weeks of gains, having added over 4% in value so far this week** Stock up 24.4% this year, including the day's move($1 = 1.4221 Australian dollars)(Reporting by Roushni Nair in Bengaluru)((Roushni.nair@thomsonreuters.com))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}