Northwire Canada EditionThursday, November 12, 2026
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M&A / Property

Proposed Investment and Earn-in with Nagambie Resources

By The Northwire Desk — AI Analysis Jan 29, 2026 · 17:47 ALK · 1.52 Alkane Resources Limited
ALK · Price

Executive Summary

  • Alkane Resources Limited has executed a term sheet for a conditional placement and earn-in agreement with Nagambie Resources Limited.
  • The transaction covers Nagambie’s core gold-antimony project tenement package, located on a mining lease approximately 40km northeast of Alkane’s Costerfield operations in Victoria.
  • The investment aligns with Alkane’s growth strategy, prioritizing deep drilling to test potential depth extensions at the Nagambie project, which has seen limited deep drilling to date.

Key Details

  • Parties: Alkane Resources Limited (ASX: ALK, TSX: ALK, OTCQX: ALKEF) and Nagambie Resources Limited (ASX: NAG)
  • Transaction Structure: Conditional placement and earn-in agreement (term sheet executed)
  • Target Asset: Nagambie’s core gold-antimony project tenement package
  • Location: Mining lease approximately 40km northeast of Alkane’s Costerfield operations, Victoria, Australia
  • Exploration Priority: Deep drilling to test potential depth extensions at Nagambie, addressing a gap in current drilling coverage
  • Strategic Context: Consistent with Alkane’s corporate strategy to grow resources and expand production at its existing operations
  • Additional Information: Full transaction terms and conditions are detailed in Nagambie’s separate ASX release issued on the same date
Read the original news release →

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Resource Estimate