Africazine:
Alkane Resources is set to enhance its exploration efforts in Victoria’s gold and antimony sector.
The company has entered a conditional placement and earn-in agreement with Nagambie Resources. This partnership aims to advance exploration at Nagambie’s core project, located approximately 40 km north-east of Alkane’s Costerfield operations.
Alkane Resources Partners with Nagambie Resources
The agreement includes a proposed equity placement and an earn-in arrangement. Alkane Resources plans to fund exploration activities that will test the depth potential of the Nagambie project. This collaboration is crucial, as there has been limited deep drilling in the area, indicating significant opportunities for further assessment.
Alkane has prioritized deeper drilling to evaluate the scale and continuity of mineralisation beneath existing workings. This focus on depth is expected to uncover valuable insights into the project’s potential.
Victoria: Key figures on Exploration Investment
- 40 km north-east of Alkane’s Costerfield operations
Future Steps for Alkane and Nagambie
- Initial focus on deeper drilling
- Evaluate scale and continuity of mineralisation
This partnership marks a significant step forward in advancing exploration in Victoria’s mining landscape.
