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Nagambie Resources Limited (ASX:NAG)

ALERT: Price-sensitive ASX Announcement for NAG
Current share price for NAG : $0.009 -0.006 (-40%)+
Announcement
Release
30 Jan 2026 6:16PM
Price at Release
$0.015
Full Release
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Summary
Nagambie Resources Limited reported activities for the quarter ending December 2025, highlighting a proposed joint venture with Alkane Resources Ltd (Alkane) for the Nagambie Mine's antimony-gold discovery. Alkane aims to earn up to an 80% interest in the tenements through a $27.5 million staged expenditure, while an earlier option allows earning 60% through $12.5 million. Alkane will also subscribe for $2.5 million of NAG shares, enhancing Nagambie's balance sheet. Nagambie retains 100% ownership of other projects, including the Whroo Mines Gold-Antimony Project. The report details financial activities, including a cash balance of $717,000, and outlines a $3.0 million secured loan facility with PPT Nominees Pty Ltd.
Key Points
  • Alkane Resources Ltd to earn up to 80% interest in Nagambie tenements.
  • Joint venture with Alkane for Nagambie Mine's antimony-gold discovery.
  • Alkane's $2.5 million share subscription in NAG shares.
  • Nagambie's balance sheet improved by $4.0 million.
  • Nagambie retains 100% of Whroo Mines and Wandean Projects.
  • Cash balance of $717,000 at December 31, 2025.
  • Secured loan facility of $3.0 million with PPT Nominees Pty Ltd.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.