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NGX Limited (ASX:NGX)
ALERT: Price-sensitive ASX Announcement for NGX
Current share price for NGX : $0.079 -0.041 (-34.17%)+
Announcement
Release
29 Jan 2026 8:39AM
Price at Release
$0.120
Full Release
Summary
NGX Limited's December 2025 Quarterly Report outlines the company's activities and financial status. During this quarter, NGX commenced a natural graphite auger drilling exploration program in Malawi and continued the development and assessment of the Malingunde project, focusing on its saprolite-hosted graphite advantages. The company is also involved in uranium exploration projects in Namibia, receiving positive updates on the Tubusis and Rossingburg licenses. Financially, NGX reported a strong position with approximately $2.7 million cash in hand and no debt as of 31 December 2025. The company is expanding its portfolio in clean energy and critical minerals sectors.
Key Points
- NGX commenced a natural graphite auger drilling program in Malawi.
- Focus on the Malingunde project for saprolite-hosted graphite advantages.
- Uranium exploration projects in Namibia with positive updates.
- Strong financial position with $2.7 million cash and no debt.
- Expansion into clean energy and critical minerals sectors.
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.
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