Proposed Investment and Earn-in with Nagambie Resources
CONTACT: NIC EARNER, MANAGING DIRECTOR & CEO, ALKANE RESOURCES LTD, TEL +61 8 9227 5677
INVESTORS & MEDIA: NATALIE CHAPMAN, CORPORATE COMMUNICATIONS MANAGER, TEL +61 418 642 556
Level 4, 66 Kings Park Rd, West Perth WA 6005, AUSTRALIA (PO Box 768, West Perth WA 6872, AUSTRALIA)
Telephone: +61 8 9227 5677 alkres.com [email protected]
INVESTOR ANNOUNCEMENT and MEDIA RELEASE
30 January 2026
Proposed Investment and Earn-in with Nagambie
Resources
Perth, Western Australia - Alkane Resources Limited (ASX: ALK, TSX: ALK, OTCQX: ALKEF) (‘Alkane’) has
executed a term sheet comprising a conditional placement and earn-in agreement with Nagambie Resources
Limited (ASX: NAG ) (‘Nagambie’) in relation to Nagambie’s core gold- antimony project tenement package,
located on a mining lease approximately 40km northeast of Alkane’s Costerfield operations in Victoria. There
has been limited deep drilling to test potential depth extensions at Nagambie, with Alkane’s proposed investment
expected to target this potential as a priority.
This proposed investment is consistent with Alkane’s strategy of growing resources and expanding the
production at its operations. Further details in relation to the proposed investment can be found in Nagambie’s
release to the ASX today.
This document has been authorised for release to the market by Nic Earner, Managing Director & CEO.
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Alkane Resources Ltd – Nagambie Earn-In – 30 January 2026
ABOUT ALKANE ‐ alkres.com ‐ ASX:ALK | TSX: ALK | OTCQX: ALKEF
Alkane Resources (ASX:ALK; TSX:ALK; OTCQX:ALKEF) is an Australia -based gold and antimony producer
with a portfolio of three operating mines across Australia and Sweden. The Company has a strong balance
sheet and is positioned for further growth.
Alkane’s wholly owned producing assets are the Tomingley open pit and underground gold mine southwest of
Dubbo in Central West New South Wales, the Costerfield gold and antimony underground mining operation
northeast of Heathcote in Central Victoria, and the Björkdal underground gold mine northwest of Skellefteå in
Sweden (approximately 750km north of Stockholm). Ongoing near-mine regional exploration continues to grow
resources at all three operations.
Alkane also owns the very large gold-copper porphyry Boda-Kaiser Project in Central West New South Wales
and has outlined an economic development pathway in a Scoping Study. The Company has ongoing exploration
within the surrounding Northern Molong Porphyry Project and is confident of further enhancing eastern
Australia’s reputation as a significant gold, copper and antimony production region.
Cautionary Note Regarding Forward-Looking Information and Statements
This announcement contains certain forward-looking information and forward-looking statements within the meaning of applicable securities
legislation and may include future-oriented financial information or financial outlook information (collectively "Forward-Looking Information").
Actual results and outcomes may vary materially from the amounts set out in any Forward- Looking Information. As well, Forward-Looking
Information may relate to: future outlook and anticipated events; expectations regarding explor ation potential; production capabilities and
future financial or operating performance, including AISC, investment returns, margins and share price performance; production and cost
guidance and the timing thereof; issuing updated resources and reserves estimate and the timing thereof; the potential of the Company to
meet industry targets, public profile and expectations; and future plans, projections, objectives, estimates and forecasts and the timing
related thereto. Forward-Looking Information is generally identified by the use of words like "will", "create", "enhance", "improve", "potential",
"expect", "upside", "growth" and similar expressions and phrases or statements that certain actions, events or results "may", "could", or
"should", or the negative connotation of such terms, are intended to identify Forward-Looking Information. Although Alkane believes that the
expectations reflected in the Forward- Looking Information are reasonable, undue reliance should not be placed on Forward- Looking
Information since no assurance can be provided that such expectations will prove to be correct. Forward- Looking Information is based on
information available at the time those statements are made and/or good faith belief of the officers and directors of Alkane as of that time
with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those
expressed in or suggested by the Forward- Looking Information. Forward-Looking Information involves numerous ris ks and uncertainties.
Such factors include, without limitation: risks relating to changes in the gold and antimony price. Forward- Looking Information is designed
to help readers understand Alkane’s views as of that time with respect to future events and speak only as of the date they are made. Except
as required by applicable law, Alkane assumes no obligation to update or to publicly announce the results of any change to any forward -
looking statement contained or incorporated by reference herein to reflect actual results, future events or developments, changes in
assumptions or changes in other factors affecting the Forward- looking Information. If Alkane updates any one or more forward- looking
statements, no inference should be drawn that the company will ma ke additional updates with respect to those or other Forward- looking
Information. All Forward- Looking Information contained in this announcement is expressly qualified in its entirety by this cautionary
statement.
Disclaimer
Alkane has prepared this announcement based on information available to it. No representation or warranty, express or implied, is made as
to the fairness, accuracy, completeness or correctness of the information, opinions or conclusions contained in this announcement. To the
maximum extent permitted by law, none of Alkane, its directors, officers, employees, associates, advisers and agents, nor any other person
accepts any liability, including, without limitation, any liability arising from fault or negligence on the part of any of them or any other person,
for any loss arising from the use of this announcement or its contents or otherwise arising in connection with it. This announcement is not
an offer, invitation, solicitation, or other recommendation with respect to the subscription for, purchase or sale of any security, and neither
this announcement nor anything in it shall form the basis of any contract or commitment whatsoever.