Sundance Resources management is expected to meet Sichuan Hanlong Group’s second-in-charge by mid-next week after receiving assurances the Chinese company is keen to advance takeover talks.

Chairman of the company’s Aust­ralia-based office – Hanlong Mining – Peter Mansell telephoned his counterpart at iron ore explorer Sundance yesterday, following the revelation that several key Hanlong executives are being investigated for alleged insider trading.