Nagambie Resources announces commencement of earthworks for Stage 1 treatment plant construction

Nagambie Resources (ASX:NAG) has announced the commencement of earthworks for the construction of the Stage 1 treatment plant at the Nagambie Mine. The plant will include a 300,000 tonnes per annum carbon-in-leach (CIL) treatment plant and a dry-stacked tailings storage facility.

Executive Commentary on Stage 1 Treatment Plant Construction

The earthworks commencement for the Stage 1 treatment plant construction marks a significant milestone for Nagambie Resources. We are pleased to have Golden Camel Mining Pty Ltd taking the lead in this construction phase, as per the NJV Agreement. This development aligns with our commitment to advancing the Nagambie Mine project and sets the stage for future operational collaboration between the joint venture partners. We look forward to the successful completion and commissioning of the Stage 1 facilities, which will pave the way for shared revenues and operational responsibilities in line with the agreement.

Summary of Nagambie Resources' Stage 1 Treatment Plant Construction

Nagambie Resources (ASX:NAG) has announced the commencement of earthworks for the Stage 1 treatment plant construction at the Nagambie Mine. The construction is being led by Golden Camel Mining Pty Ltd, in accordance with the NJV Agreement, where GCM will cover 100% of the construction and commissioning costs for the Stage 1 facilities. Once operational, the plant's revenues and operating costs will be shared equally between GCM and Nagambie. This milestone underscores Nagambie's progress in advancing the Nagambie Mine project and sets the foundation for future collaboration with its joint venture partner. The company looks forward to the successful completion and commissioning of the Stage 1 facilities, which will contribute to its operational and revenue-sharing objectives.