A key element of Alkane’s multi-faceted gold strategy is strategic investment in junior gold mining companies and projects that have high exploration potential and are in need of near-term development funding. Our aim is to achieve mutual benefit and superior returns, through contributions of capital, project development expertise and operations capability
In October 2018, Alkane invested in gold exploration company Calidus Resources Limited (ASX:CAI) and now holds approximately 10.2%. Calidus controls the Warrawoona Gold Project (712,000oz) near Marble Bar in the Pilbara Goldfield of Western Australia. This project has a highly feasible development path, with surface mineralisation outcrops for all deposits suggesting any initial mining will be open cut. Alkane’s involvement, which includes contributions of expertise through a cooperative arrangement, will bolster development of this promising project.