Nagambie Resources Limited (AU:NAG) has released an update.
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Nagambie Resources Limited has announced a significant update in its JORC Inferred Resource at the Nagambie Mine, with a 110% increase to 322,000 ounces of gold equivalent and a 61% rise in average grade to 18.6 g/t. The company attributes this growth to increased gold and antimony prices, which have also lowered the cut-off grade. This development suggests that the company’s stock may be undervalued, prompting further exploration efforts.
For further insights into AU:NAG stock, check out TipRanks’ Stock Analysis page.