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The latest announcement is out from NGX Limited ( (AU:NGX) ).
NGX Limited’s December 2025 quarterly report outlines progress on its natural graphite and uranium assets, reinforcing its positioning as a supplier of critical minerals for the clean energy sector. In Malawi, the company advanced an auger drilling and sampling program across the Malingunde, Msinja and Lifidzi licences to test high-grade titanium mineralisation, while continuing technical studies to refine a development pathway for the Malingunde graphite project that leverages its saprolite-hosted advantages for easier extraction, higher purity, lower sulphur and reduced environmental footprint, with a view to supporting future Active Anode Material production. In Namibia, NGX secured key permitting milestones for its uranium joint venture projects, with the Rossingburg licence progressing to an ‘Intention of Grant’ status pending environmental clearance and the Tubusis project receiving its Environmental Clearance Certificate, enabling licence granting and the start of initial exploration planning. The company ended the quarter with approximately $2.7 million in cash and no debt, and is actively evaluating additional opportunities in clean energy and critical minerals, signalling an intention to expand and complement its current asset base while maintaining a solid balance sheet for ongoing exploration and project development activities.
The most recent analyst rating on (AU:NGX) stock is a Hold with a A$0.12 price target. To see the full list of analyst forecasts on NGX Limited stock, see the AU:NGX Stock Forecast page.
More about NGX Limited
NGX Limited is an ASX-listed resources company developing a portfolio of minerals critical to the clean energy transition, with a focus on natural graphite in Malawi and uranium exploration projects in Namibia. Its primary activities centre on advancing the Malingunde saprolite-hosted graphite project, associated regional licences at Msinja and Lifidzi, and earn-in joint ventures over the Tubusis and Rossingburg uranium exploration licences in Namibia’s Erongo Region, a globally significant uranium district.
Average Trading Volume: 69,859
Technical Sentiment Signal: Sell
Learn more about NGX stock on TipRanks’ Stock Analysis page.