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Nagambie Resources Limited (AU:NAG)
ASX:NAG

Nagambie Resources Limited (NAG) AI Stock Analysis

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AU:NAG

Nagambie Resources Limited

(Sydney:NAG)

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Neutral 47 (OpenAI - 5.2)
Rating:47Neutral
Price Target:
AU$0.02
▲(90.00% Upside)
The score is primarily constrained by weak financial performance, including sustained losses and negative operating/free cash flow. Technicals provide partial support due to positive momentum and price strength versus moving averages, but the overbought RSI reduces confidence. Valuation remains challenged because the company is loss-making (negative P/E) and no dividend yield is available.
Positive Factors
Focused exploration & development strategy
A clear, disciplined focus on exploration and resource development is a durable business model for a junior resources company. Specialization in drilling, resource definition and studies concentrates technical expertise and capital allocation toward discovery and project advancement, supporting value creation over multiple funding cycles.
Recent revenue growth
Reported revenue growth provides structural evidence of improving commercial activity or project receipts. Sustained top-line expansion over several quarters can signal progressing project milestones and increases the likelihood the company can scale operations and attract financing on better terms, sustaining long-term development plans.
Manageable leverage
Moderate debt-to-equity implies leverage is not excessive, giving the company flexibility to fund continued exploration and development without immediate solvency stress. For a loss-making explorer, manageable leverage reduces near-term refinancing risk and preserves optionality for staged capital raises or partnerships.
Negative Factors
Persistent negative margins
Consistent negative gross, EBIT/EBITDA and net margins indicate structural unprofitability. Over months to years, persistent margin deficits erode capital, limit reinvestment capacity, and make the business dependent on external funding. Without margin recovery, long-term commercial viability and investor returns are impaired.
Negative operating and free cash flow
Negative operating and free cash flows are a durable liquidity constraint: they force reliance on external capital to fund exploration and development. Repeated cash outflows increase dilution or debt risk, weaken negotiating leverage with partners, and raise the probability of project delays or scaled-back programs.
Negative return on equity
A negative ROE shows the company is destroying shareholder capital rather than earning returns. Over time this undermines investor confidence and access to affordable equity capital, increasing the likelihood of dilutive raises or restructuring. It signals structural difficulty converting assets and investments into profitable operations.

Nagambie Resources Limited (NAG) vs. iShares MSCI Australia ETF (EWA)

Nagambie Resources Limited Business Overview & Revenue Model

Company DescriptionNagambie Resources Limited explores for and develop gold and related minerals, and construction materials in Australia. The company has a total area of 3,000 square kilometers of exploration licenses in Waranga Province. It is also involved in the investigation and development of waste handling assets, as well as property owning activities. The company was formerly known as Nagambie Mining Limited and changed its name to Nagambie Resources Limited in November 2015. Nagambie Resources Limited was incorporated in 2004 and is headquartered in Nagambie, Australia.
How the Company Makes MoneyNagambie Resources Limited generates revenue through the exploration and potential extraction of gold and other minerals. The company's revenue model is primarily based on the discovery and development of economically viable mineral deposits, which can be sold or mined. Key revenue streams include the sale of extracted minerals, joint venture agreements with other mining companies for exploration and development, and potential royalties from mining operations. Additionally, strategic partnerships with other entities in the mining and exploration sectors may enhance NAG's ability to secure funding and share costs, further contributing to its financial stability and growth potential.

Nagambie Resources Limited Financial Statement Overview

Summary
Weak financials overall: negative revenue growth, persistently negative margins (gross, EBIT/EBITDA, and net), negative ROE, and negative operating/free cash flow. Leverage appears manageable, but ongoing losses and cash outflows materially pressure financial strength.
Income Statement
20
Very Negative
Nagambie Resources Limited has faced significant challenges in its income statement. The company reported negative revenue growth and consistently negative profit margins over the years, indicating ongoing operational difficulties. The gross profit margin has decreased significantly, and the net profit margin remains deeply negative, reflecting substantial losses. The EBIT and EBITDA margins are also negative, highlighting inefficiencies and high operating costs.
Balance Sheet
35
Negative
The balance sheet shows a moderate debt-to-equity ratio, which suggests manageable leverage levels. However, the return on equity is negative, indicating that the company is not generating profits from its equity base. The equity ratio is relatively stable, but the overall financial health is weakened by persistent losses and declining equity.
Cash Flow
25
Negative
The cash flow statement reveals negative operating and free cash flows, which are concerning for the company's liquidity. Although there is some improvement in free cash flow growth, the operating cash flow to net income ratio is negative, indicating cash outflows exceed net income. The free cash flow to net income ratio is positive, suggesting some ability to cover net losses, but overall cash flow remains a challenge.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue453.04K453.04K274.38K262.58K251.29K238.91K
Gross Profit343.28K343.28K270.36K-904.39K-795.10K-682.83K
EBITDA-993.47K-993.47K-1.42M-1.89M-1.05M-971.51K
Net Income-1.85M-1.85M-2.79M-3.34M-2.34M-1.98M
Balance Sheet
Total Assets23.81M23.81M23.37M20.63M17.20M18.39M
Cash, Cash Equivalents and Short-Term Investments69.32K69.32K437.72K1.12M347.29K3.40M
Total Debt5.73M5.73M4.58M7.45M5.91M5.84M
Total Liabilities9.89M9.89M8.01M8.24M6.73M6.31M
Stockholders Equity13.92M13.92M15.36M12.39M10.47M12.08M
Cash Flow
Free Cash Flow-1.68M-1.68M-2.96M-4.47M-2.88M-2.02M
Operating Cash Flow-387.82K-387.82K-1.90M-1.54M-778.54K-790.03K
Investing Cash Flow-1.03M-1.03M-1.08M-2.53M-978.40K-425.25K
Financing Cash Flow1.05M1.05M2.30M5.06M525.09K2.35M

Nagambie Resources Limited Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.01
Price Trends
50DMA
0.01
Positive
100DMA
0.01
Positive
200DMA
0.01
Positive
Market Momentum
MACD
<0.01
Negative
RSI
71.37
Negative
STOCH
55.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NAG, the sentiment is Positive. The current price of 0.01 is below the 20-day moving average (MA) of 0.01, below the 50-day MA of 0.01, and below the 200-day MA of 0.01, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 71.37 is Negative, neither overbought nor oversold. The STOCH value of 55.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:NAG.

Nagambie Resources Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
54
Neutral
AU$46.34M-13.16-28.59%-860.00%
53
Neutral
AU$14.43M-23.00-2.67%-233.33%
47
Neutral
AU$18.18M-8.26-12.69%12.08%46.51%
45
Neutral
AU$14.65M-5.00-25.75%-33.33%
43
Neutral
AU$14.61M-1.73-241.11%48.90%
40
Underperform
AU$36.85M-23.83-18.96%1.38%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:NAG
Nagambie Resources Limited
0.02
<0.01
26.67%
AU:ZAG
Zuleika Gold Limited
0.05
0.04
316.67%
AU:MAN
Mandrake Resources Ltd
0.02
<0.01
4.55%
AU:AHK
ARK Mines Ltd
0.51
0.37
264.29%
AU:REZ
Resources & Energy Group Limited
0.02
-0.02
-48.39%
AU:FG1
Flynn Gold Ltd.
0.02
0.00
0.00%

Nagambie Resources Limited Corporate Events

Nagambie Resources Seals Alkane Earn-In Deal to Advance Antimony-Gold Assets
Jan 30, 2026

Nagambie Resources has agreed a binding earn-in and proposed joint venture with Alkane Resources over its Nagambie Mine mining and surrounding exploration licences, under which Alkane can spend up to $27.5 million to earn as much as 80% of the tenements, or $12.5 million for a 60% stake, with plans covering exploration drilling, decline-access mine development and potential ore trucking to Alkane’s nearby Costerfield plant for gold recovery and antimony-gold concentrate production. As part of the deal Alkane will subscribe for $2.5 million of new Nagambie shares at a 50% premium and become a significant shareholder, while a lender converts $1.5 million of debt into equity, collectively strengthening Nagambie’s balance sheet and creating a potential pathway to significant future cash flows from antimony and gold production without bearing most of the capital and operating risks, as the company retains full ownership of its other projects and continues to advance plans for an oxide gold toll treatment facility with Golden Camel Mining despite current cash reserves remaining modest.

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.

Nagambie Resources Plans Major Share Placement to Raise New Capital
Jan 30, 2026

Nagambie Resources Limited has announced a proposed placement of up to 166,666,667 new fully paid ordinary shares, with an intended issue date of 13 March 2026. The sizable equity raising signals a move to bolster the company’s capital base, which could support future operational or strategic initiatives and potentially dilute existing shareholders, while positioning the company for expanded activity or development depending on how the funds are ultimately deployed.

The most recent analyst rating on (AU:NAG) stock is a Hold 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.

Alkane Agrees Earn-In Deal on Nagambie Gold-Antimony Project
Jan 30, 2026

Alkane Resources has signed a term sheet for a conditional placement and earn-in agreement with Nagambie Resources covering Nagambie’s core gold-antimony project tenements in Victoria, located about 40km northeast of Alkane’s Costerfield operations. The proposed investment aims to fund deeper drilling to test potential depth extensions at Nagambie and aligns with Alkane’s strategy of expanding its resource base and production profile, potentially strengthening its regional footprint in Victorian gold-antimony and reinforcing its broader growth trajectory across its Australian and Swedish assets.

The most recent analyst rating on (AU:NAG) stock is a Hold 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.

Nagambie Strikes Alkane-Backed Joint Venture Pathway for Nagambie Gold-Antimony Mine
Jan 30, 2026

Nagambie Resources has signed a binding term sheet with Mandalay Resources’ Costerfield Operations, a subsidiary of Alkane Resources, for an earn-in and proposed joint venture over its Nagambie mining licence MIN 5412 and surrounding exploration licence EL 5511. Under the deal, Alkane can spend up to A$27.5 million in stages to earn as much as 80% of the tenements, or elect to cap its spend at A$12.5 million for a 60% stake, with the arrangement envisaging exploration drilling, decline development, underground mining and, if successful, trucking ore to the nearby Costerfield plant for gold recovery and antimony-gold concentrate production. Alkane will also invest A$2.5 million in new Nagambie shares at a 50% premium, becoming a significant shareholder, while a creditor converts A$1.5 million of debt into equity, strengthening Nagambie’s balance sheet. The structure offers Nagambie a potential pathway to substantial future free cash flow from antimony and gold production while avoiding most of the capital and operating risk of building its own processing and underground mining capability, and allows Alkane to potentially extend or expand its Costerfield operations through additional ore feed, with Nagambie retaining full ownership of its other key gold‑antimony projects at Whroo and Wandean.

The most recent analyst rating on (AU:NAG) stock is a Hold 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.

Nagambie Resources Seeks Trading Halt Ahead of Material Deal and Capital Raising
Jan 28, 2026

Nagambie Resources has requested a trading halt in its ordinary shares on the ASX as it prepares to announce a proposed material transaction and associated capital raising. The halt will remain in place until either the company releases details of the transaction and funding plans or trading resumes automatically on 2 February 2026, signalling that a potentially significant corporate development is pending for shareholders and the market.

The most recent analyst rating on (AU:NAG) stock is a Hold 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.

Nagambie Resources Boosts Capital with Share and Option Issuance
Dec 5, 2025

Nagambie Resources Limited has announced the issuance of 60 million fully paid ordinary shares and 30 million free attaching options as part of a capital raising initiative. This move aims to strengthen the company’s financial position and support its ongoing exploration and development activities, potentially enhancing its market presence and offering new opportunities for stakeholders.

The most recent analyst rating on (AU:NAG) stock is a Hold 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.

Nagambie Resources Issues New Options to Boost Engagement and Flexibility
Dec 4, 2025

Nagambie Resources Limited has announced the issuance of 32,800,000 options as part of a recent placement and equity incentive package. These options, exercisable at $0.018 and expiring on December 4, 2027, are intended to enhance stakeholder engagement and provide financial flexibility, potentially impacting the company’s market positioning and operational strategy.

The most recent analyst rating on (AU:NAG) stock is a Hold 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.

Nagambie Resources Limited Applies for Quotation of 60 Million Securities
Dec 4, 2025

Nagambie Resources Limited has announced the application for the quotation of 60,000,000 ordinary fully paid securities on the Australian Securities Exchange (ASX). This move is part of a previously announced transaction and signifies the company’s ongoing efforts to enhance its financial position and market presence.

The most recent analyst rating on (AU:NAG) stock is a Hold 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.

Nagambie Resources Updates Director’s Interest Notice
Dec 2, 2025

Nagambie Resources Limited has announced a change in the director’s interest notice involving Kevin John Perrin. The change involves the acquisition and disposal of options held indirectly through various trusts associated with Mr. Perrin. This update reflects adjustments in Mr. Perrin’s holdings, which may influence the company’s governance and stakeholder interests.

The most recent analyst rating on (AU:NAG) stock is a Hold 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.

Nagambie Resources Issues Unquoted Options to Boost Capital
Dec 2, 2025

Nagambie Resources Limited has announced the issuance of 19,150,000 unquoted options, each with an exercise price of $0.07 and an expiry date of December 1, 2030. This move could potentially impact the company’s financial strategy and stakeholder interests by providing additional capital and aligning with long-term growth objectives.

The most recent analyst rating on (AU:NAG) stock is a Hold 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.

Nagambie Resources Announces Cessation of Securities
Dec 2, 2025

Nagambie Resources Limited announced the cessation of 14,150,000 securities due to the expiry of options or other convertible securities without exercise or conversion as of December 1, 2025. This development may impact the company’s capital structure and could influence investor perceptions of the company’s future financial strategies.

The most recent analyst rating on (AU:NAG) stock is a Hold 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.

Nagambie Resources Plans New Securities Issue
Nov 28, 2025

Nagambie Resources Limited has announced a proposed issue of 2,800,000 new securities, specifically options, with the issue date set for December 5, 2025. This move is part of a placement or other type of issue and reflects the company’s ongoing efforts to raise capital, potentially impacting its market positioning and offering new opportunities for stakeholders.

The most recent analyst rating on (AU:NAG) stock is a Hold 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.

Nagambie Resources Initiates Trading Halt for Capital Raising
Nov 25, 2025

Nagambie Resources Limited has requested a trading halt on its securities pending an announcement regarding a capital raising. The halt will remain in place until the company releases the announcement or normal trading resumes on 28 November 2025. This move indicates that the company is in the process of finalizing terms for raising capital, which could impact its financial strategy and market operations.

Nagambie Resources Advances Antimony and Gold Exploration
Nov 25, 2025

Nagambie Resources Limited has provided an update on its exploration activities, highlighting significant progress in antimony and gold drilling at the Nagambie Mine. The company’s efforts are aimed at enhancing its resource base and strengthening its position in the mining sector, with recent drilling results indicating promising new intersections. This development is expected to positively impact the company’s operations and market positioning, potentially offering new opportunities for stakeholders.

Nagambie Resources Eyes Antimony’s Strategic Potential Amid Global Shifts
Nov 25, 2025

Nagambie Resources Limited is emphasizing its strategic focus on antimony, a critical metal with significant defense and non-defense applications, amid global geopolitical developments. The company aims to leverage its high-grade antimony resource and joint venture with Golden Camel to establish a central processing hub in Victoria, potentially benefiting from government funding and international off-take agreements. While antimony is a priority, Nagambie continues to value its gold resources, anticipating a shift in resource balance as exploration progresses.

Nagambie Resources Unveils New Drilling Intersections at Nagambie Mine
Nov 25, 2025

Nagambie Resources Limited has announced an update on its diamond drilling activities at the Nagambie Mine, revealing 16 new drilling intersections that were not included in the current JORC Inferred Resource estimate. These intersections, which include assays from recent drill holes, have the potential to increase the size of the existing resource, indicating a promising outlook for the company’s future operations and potential growth in resource estimates.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Feb 05, 2026