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Nagambie Resources Limited (ASX:NAG)

ALERT: Price-sensitive ASX Announcement for NAG
Current share price for NAG : $0.009 -0.003 (-25%)+
Announcement
Release
30 Apr 2026 9:32AM
Price at Release
$0.012
Full Release
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Summary
Nagambie Resources Limited reported activities for the quarter ending 31 March 2026, highlighting a successful negotiation for a joint venture with Alkane Resources over its antimony-gold discovery. Key terms include earn-in options for Alkane to fund up to $27.5M in exchange for an 80% interest. The cash flows show a net decrease with investments in exploration and financing activities. The company announced debt reduction and related party payments, and plans for exploration of retained projects. Conditions for the joint venture have been met, with the period now commenced.
Key Points
  • Joint venture with Alkane Resources over antimony-gold discovery
  • Earn-in options for Alkane: $27.5M for 80% interest
  • March 2026 quarter cash flow report highlights net cash decrease
  • Debt reduction through share issuance to PPT Nominees
  • Related party payments of $76,000 made
  • Nagambie retains 100% of Whroo and Wandean projects
  • Commencement of joint venture earn-in period
  • Nagambie Resources' available cash at $436,000 as of end of March 2026
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.