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The latest announcement is out from Nagambie Resources Limited ( (AU:NAG) ).
Nagambie Resources has issued an update on its proposed joint venture with Alkane Resources’ Costerfield subsidiary, confirming that the process to clear a key contractual hurdle is now formally under way. The company is working to secure the necessary waiver or expiry of a Right of First Refusal held by Southern Cross Gold Consolidated under a prior share subscription agreement.
Nagambie has formally served a Right of First Refusal notice on Southern Cross Gold, triggering a notice period that runs until the evening of 11 March 2026. Southern Cross Gold may now choose to match or improve on Alkane’s proposed consideration and transact with Nagambie on those terms, or decline and clear the way for Nagambie to proceed with the Alkane joint venture, a decision that will shape the company’s future project funding and development path.
The most recent analyst rating on (AU:NAG) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Nagambie Resources Limited stock, see the AU:NAG Stock Forecast page.
More about Nagambie Resources Limited
Nagambie Resources Limited is an Australian mineral exploration and development company listed on the ASX and focused on projects in Victoria. The company’s activities centre on advancing gold and related resource opportunities through exploration, strategic partnerships and potential joint ventures with larger sector participants.
YTD Price Performance: 45.45%
Average Trading Volume: 3,774,801
Technical Sentiment Signal: Hold
Current Market Cap: A$15.31M
For an in-depth examination of NAG stock, go to TipRanks’ Overview page.