Nagambie Resources Sees Major Resource Value Surge

Nagambie Resources Limited (AU:NAG) has released an update.

Nagambie Resources Limited reports a significant 45% increase in gold equivalent (AuEq) figures for its high-grade gold-antimony orebody, now at 223,000 oz AuEq with a grade of 16.7 g/t AuEq, due to a substantial rise in antimony and gold prices. The company’s in-ground antimony content already stands at an impressive 17,800 tonnes, while global antimony demand surges due to its use in energy-efficient technologies and military equipment. This increase in resource value highlights Nagambie’s potential in the face of growing demand and declining antimony supply worldwide.

For further insights into AU:NAG stock, check out TipRanks’ Stock Analysis page.