Alkane Resources Limited has signed a term sheet with Nagambie Resources Limited for a conditional placement and earn-in agreement regarding Nagambie’s gold-antimony project in Victoria. The investment aims to test potential depth extensions at Nagambie and aligns with Alkane’s strategy of growing resources. Alkane Resources is an Australia-based gold and antimony producer with three operating mines in Australia and Sweden. The company’s ongoing exploration efforts continue to expand resources at all three operations. Forward-looking information in the announcement highlights potential risks and uncertainties related to future events. Alkane emphasizes that the information provided is subject to change and updates.

Read more at GlobeNewswire: Proposed Investment and Earn-in with Nagambie Resources