Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
The latest update is out from NGX Limited ( (AU:NGX) ).
NGX Limited reported progress across its natural graphite and uranium exploration portfolio for the March 2026 quarter, underscoring its role in supplying minerals for the clean energy transition. The company completed a hand-auger drilling program at the Msinja and Lifidzi projects in Malawi to test known high-grade titanium mineralisation, with samples now prepared and awaiting export permits to South Africa for processing.
At its flagship Malingunde Graphite Project, NGX advanced technical and strategic assessments aimed at scalable development scenarios and completed upstream optimisation studies to support potential Active Anode Material production, while tempering new spending in response to weak graphite market conditions. In Namibia, NGX secured the grant of EPL9629 (Tubusis), completed initial soil sampling, and advanced permitting for EPL9921 (Rossingburg), all while maintaining a strong balance sheet with approximately $2.25 million in cash and no debt as it evaluates further value-accretive opportunities and selectively exits less compelling deals.
More about NGX Limited
NGX Limited is an Australian resources company focused on developing a portfolio of minerals critical to the clean energy transition. Its primary assets include natural graphite projects in Malawi and uranium exploration projects in Namibia, targeting supply into emerging battery and nuclear fuel markets.
Average Trading Volume: 75,163
Technical Sentiment Signal: Sell
Find detailed analytics on NGX stock on TipRanks’ Stock Analysis page.