Nagambie Launches Discounted Share Plan to Fund Whroo Gold-Antimony Drilling

Nagambie Resources Limited ( (AU:NAG) ) has issued an update.

Nagambie Resources plans a 2026 Share Purchase Plan offering eligible shareholders up to $30,000 in new shares at 1.3 cents each, a 17.7% discount to the recent volume-weighted average price. The company aims to raise up to $3.7 million without underwriting, with proceeds directed to an initial diamond drilling program at the Whroo Mines Gold-Antimony Project and to bolster working capital.

The raising follows a proposed joint venture with Alkane Resources, which includes a premium equity subscription and substantial potential earn-in funding tied to Nagambie’s antimony-gold discovery near the Costerfield Mine. Management highlights that access to existing processing infrastructure and equipment could materially reduce capital costs, while Whroo becomes the primary exploration focus, reinforcing Nagambie’s growth ambitions in gold-antimony and offering shareholders leveraged exposure to the region’s development upside.

The most recent analyst rating on (AU:NAG) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Nagambie Resources Limited stock, see the AU:NAG Stock Forecast page.

More about Nagambie Resources Limited

Nagambie Resources Limited is an Australian exploration company focused on gold-antimony projects in Victoria, including its 100%-owned Whroo Mines and Wandean Gold-Antimony projects. The company is pursuing synergies with nearby operations, notably through a proposed joint venture with Alkane Resources that links Nagambie’s antimony-gold discovery with the existing Costerfield Mine infrastructure.

YTD Price Performance: 45.45%

Average Trading Volume: 3,823,718

Technical Sentiment Signal: Hold

Current Market Cap: A$15.34M

For detailed information about NAG stock, go to TipRanks’ Stock Analysis page.