Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Nagambie Resources Limited ( (AU:NAG) ) has shared an update.
Nagambie Resources Limited has announced progress in its diamond drilling program at the Nagambie Mine, with new drill holes being logged and sampled for antimony and gold assays. The current JORC Inferred Resource at the site includes 539,000 tonnes with grades of 3.9% antimony and 3.3 g/t gold. The company plans to update the JORC Resource as new drill results become available, potentially impacting its market positioning and stakeholder interests.
More about Nagambie Resources Limited
Nagambie Resources Limited is focused on the exploration and development of antimony and gold resources. Its flagship project is the 100%-owned Nagambie Antimony-Gold Project, which includes the Nagambie Mine, historic Whroo mines, and the Wandean deposit. The company holds a Mining Licence for the Nagambie Mine, which is strategically located near other significant gold-antimony sites in Victoria, Australia.
YTD Price Performance: -11.11%
Average Trading Volume: 2,072,842
Technical Sentiment Signal: Sell
Current Market Cap: A$14.35M
For an in-depth examination of NAG stock, go to TipRanks’ Overview page.