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Nagambie Resources Limited (ASX:NAG)

ALERT: Price-sensitive ASX Announcement for NAG
Current share price for NAG : $0.010 -0.005 (-33.33%)+
Announcement
Release
9 Feb 2026 4:18PM
Price at Release
$0.015
Full Release
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Summary
Nagambie Resources Limited has announced an update regarding their proposed joint venture with Mandalay Resources Costerfield Operations Pty Ltd, a subsidiary of Alkane Resources Ltd, referred to as the ANJV. A significant condition for this joint venture is the waiver or expiration of the Right of First Refusal (ROFR) held by Southern Cross Gold Consolidated Ltd under a 2020 agreement. Nagambie has officially provided a ROFR notice to SX2, which now has until 11 March 2026 to either exercise its ROFR or allow Nagambie to proceed with the joint venture with Alkane. The notice period has begun, and SX2 has the opportunity to match or better the fair-market consideration proposed by Alkane.
Key Points
  • Nagambie Resources Limited updates on the proposed joint venture with Alkane Resources.
  • The joint venture is contingent on the waiver or lapse of a Right of First Refusal held by SX2.
  • A formal ROFR notice has been issued to SX2.
  • SX2 has until 11 March 2026 to respond to the ROFR notice.
  • Nagambie can proceed with the joint venture if SX2 does not exercise its ROFR.
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.