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NGX Limited (ASX:NGX)
ALERT: Price-sensitive ASX Announcement for NGX
Current share price for NGX : $0.090 0.005 (5.88%)+
Announcement
Release
30 Apr 2026 8:09AM
Price at Release
$0.085
Full Release
Summary
NGX Limited's March 2026 Quarterly Report highlights ongoing efforts in natural graphite projects in Malawi and uranium exploration projects in Namibia. The company completed a hand-auger drilling program in Malawi and continued assessments of the Malingunde Project, focusing on its development pathway. In Namibia, NGX advanced its joint venture agreements for uranium exploration, with permitting activities and initial sampling underway. Financially, NGX reported cash reserves of $2.25 million with no debt, emphasizing a disciplined approach to future investments.
Key Points
- NGX completed a hand-auger drilling program in Malawi for graphite exploration.
- Continued development assessment of the Malingunde Project focusing on saprolite-hosted characteristics.
- Permitting activities for uranium projects continued in Namibia with initial soil sampling completed.
- The company has cash reserves of approximately $2.25 million and no debt.
- Strategic opportunities in the resources sector are being actively assessed.
- No mining or production activities or expenses were reported during the quarter.
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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