Nagambie Resources Limited (AU:NAG) has released an update.
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Nagambie Resources Limited reports a significant 110% increase in antimony prices and a 24% rise in gold prices, leading to a 45% increase in their gold equivalent figures, now at 223,000 oz AuEq at 16.7 g/t AuEq. These adjustments in market prices have impacted the value of the company’s high-grade gold-antimony orebody, which is the highest-grade antimony mineralization in Australia. The company’s updated economic assessments follow the earlier announced Maiden JORC Inferred Resource, with unchanged primary resource figures pending further drilling.
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