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Nagambie Resources Limited ( (AU:NAG) ) has provided an update.
Southern Cross Gold Pty Ltd has notified Nagambie Resources Limited that it has ceased to be a substantial shareholder in the company. The change occurred between 4 December 2025 and 10 April 2026 and resulted solely from dilution of Southern Cross Gold’s stake following new share issues by Nagambie, reducing its holding by 53,361,046 fully paid ordinary shares and the same number of votes.
The notice confirms there were no changes in associations linked to Southern Cross Gold’s interest, indicating that the reduction was mechanical rather than driven by disposals or new agreements. For existing shareholders, the filing clarifies that Nagambie’s capital raisings or share issues have materially altered the ownership structure, with a former substantial holder now falling below the disclosure threshold.
More about Nagambie Resources Limited
Nagambie Resources Limited is an Australian company listed on the ASX that is involved in mineral exploration and related resource development activities. Its shareholder base includes institutional and corporate investors whose holdings are subject to substantial holder disclosure requirements under Australian corporations law.
YTD Price Performance: 9.09%
Average Trading Volume: 4,115,359
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$16.41M
Find detailed analytics on NAG stock on TipRanks’ Stock Analysis page.