InvestSMART

Nagambie Resources Limited (ASX:NAG)

ALERT: Price-sensitive ASX Announcement for NAG
Current share price for NAG : $0.015 0.009 (150%)+
Announcement
Release
31 Jul 2026 5:05PM
Price at Release
$0.006
Full Release
download
Summary
Nagambie Resources Limited has reported its quarterly activities and financials for the period ending 30 June 2026. Significant developments include the successful commencement of a joint venture with Alkane Resources, which has seen the mobilization of drilling rigs to the Nagambie Mine. Financially, the company managed to redeem convertible notes and reduce its working capital facility, leading to a total debt reduction of $3.875 million for the quarter. The report also highlights a net cash outflow from operations, investing, and financing activities, with cash and cash equivalents closing at $414,000. The company's exploration and mining tenements continue to hold strong potential with ongoing efforts to enhance resource estimates and operational capabilities.
Key Points
  • Nagambie entered a joint venture with Alkane Resources.
  • Two drill rigs were mobilized to the Nagambie Mine.
  • Total debt was reduced by $3.875 million during the quarter.
  • Net cash flow from operations was negative $436,000.
  • Cash and cash equivalents stood at $414,000 as of 30 June 2026.
  • The company has significant exploration and mining tenements, with ongoing exploration activities.
  • Nagambie redeemed all Series 9 convertible notes.
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.