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Nagambie Resources Limited ( (AU:NAG) ) just unveiled an update.
Nagambie Resources Limited has successfully completed a $1.2 million capital raising to fund continued drilling at its Nagambie Mine and update its current JORC Mineral Resource Estimate (MRE). The mobilization of a diamond drilling rig to the site aims to follow up on a significant recent discovery in the C4 lode. The updated MRE will reflect new drill results as they become available, potentially impacting the company’s resource estimates and market positioning.
More about Nagambie Resources Limited
Nagambie Resources Limited is engaged in the exploration and development of antimony and gold resources, primarily focusing on its flagship Nagambie antimony-gold project. The project is significant due to the strategic importance of antimony for various national economies and defense capabilities. The company holds a mining license over the Nagambie Mine, which is located near other notable gold-antimony mines.
Average Trading Volume: 521,780
Technical Sentiment Signal: Sell
Current Market Cap: A$12.85M
Find detailed analytics on NAG stock on TipRanks’ Stock Analysis page.