Alkane Resources to Invest in Nagambie Resources Through Conditional Placement

Reuters
Jan 30
Alkane Resources to Invest in Nagambie Resources Through Conditional Placement

Alkane Resources Limited (ASX: ALK, TSX: ALK, OTCQX: ALKEF) has executed a term sheet for a conditional placement and earn-in agreement with Nagambie Resources Limited $(NAG.AU)$. The transaction involves Alkane making a proposed investment in Nagambie’s core gold-antimony project tenement package, located on a mining lease approximately 40km northeast of Alkane’s Costerfield operations in Victoria. The agreement is designed to target potential depth extensions at the Nagambie site, with limited deep drilling completed to date. The investment aligns with Alkane’s strategy to grow resources and expand production at its operations. Further details are available in Nagambie’s ASX release.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Alkane Resources Limited published the original content used to generate this news brief via GlobeNewswire (Ref. ID: OMX_____GNW9645795-en) on January 29, 2026, and is solely responsible for the information contained therein.

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