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The latest announcement is out from Nagambie Resources Limited ( (AU:NAG) ).
Nagambie Resources Limited has recommenced diamond drilling at its Nagambie Mine following a successful capital raising of $1.2 million. The drilling aims to explore the C4 lode discovery, which has shown promising results with significant gold and antimony content. This development could enhance the company’s resource estimates and strengthen its position in the mining sector, potentially benefiting stakeholders through increased resource valuation.
More about Nagambie Resources Limited
Nagambie Resources Limited operates in the mining industry, focusing on the extraction and sale of gold and antimony. The company is primarily engaged in activities at the Nagambie Mine, where it aims to economically recover and sell these minerals.
YTD Price Performance: -27.78%
Average Trading Volume: 1,085,123
Technical Sentiment Signal: Sell
Current Market Cap: A$11.64M
For a thorough assessment of NAG stock, go to TipRanks’ Stock Analysis page.