Nagambie Resources Limited (ASX:NAG) Releases March 2025 Investor Presentation
Company Overview
Nagambie Resources Limited (ASX:NAG) is advancing its high-grade Antimony-Gold Project at the 100% owned Nagambie Mine. The company targets epizonal gold and antimony mineralised systems across 1,000 sq km of tenements in Victoria, Australia.
Recent Achievements
In October 2023, Nagambie completed its initial drill program with 41 diamond holes totaling 12,000 metres at a cost of $139/m. The company released its maiden JORC Inferred Resource in May 2024, reporting 322,000 oz AuEq at 18.6 g/t. Resource updates in July and November 2024 confirmed 110% AuEq ounces in the ground, with ongoing drilling programs aiming to double the MRE.
Project Development
Nagambie has secured a Mining Licence and permits to develop a toll processing plant at the Nagambie Mine site. The company is in a joint venture with Golden Camel Mining Pty Ltd to develop a 300,000 t/a processing facility, paving the way for production. All necessary infrastructure is in place to commence construction upon funding.
Future Objectives
Over the next 12 months, Nagambie aims to grow its JORC Inferred Resource through continued drilling and resource estimation updates. The company plans to advance permitting for the exploration decline and commence a project scoping study by Q4 2025.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.