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Nagambie Resources Limited ( (AU:NAG) ) has issued an update.
Nagambie Resources Limited reported significant advancements in its antimony-gold exploration efforts at the Nagambie Mine, with new intersections indicating potential for increased gold equivalent ounces. The company joined the Defence Industrial Base Consortium, reflecting its strategic focus on antimony supply amid rising prices and demand driven by military and solar energy applications. Additionally, Nagambie reduced its convertible notes and expanded its working capital facility, positioning itself for future growth. The company is also planning a joint venture for a gold treatment plant, with funding efforts ongoing.
More about Nagambie Resources Limited
Nagambie Resources Limited operates in the mining industry, focusing on the exploration and development of antimony and gold resources. The company is based in Victoria, Australia, and owns several mining tenements, including the Nagambie Mine and Whroo tenements. It is also involved in a joint venture with Golden Camel Mining Pty Ltd for a gold treatment plant.
Average Trading Volume: 900
Technical Sentiment Signal: Strong Buy
Current Market Cap: €9.97M
See more insights into NAG stock on TipRanks’ Stock Analysis page.