Nagambie Resources embarks on strategic trial

Nagambie Resources (ASX:NAG) has announced a new trial to store Potential Acid Sulfate Soil (PASS) material from the North East Link Project at the Nagambie Mine's West Pit. Partnering with EPH Environmental Pty Ltd, the trial aims to assess the feasibility of managing and storing PASS material underwater as part of the mine's rehabilitation efforts. The trial is set for a duration of two months and is designed to maintain a positive cash flow for the company.

Overview of Nagambie's PASS material trial

Nagambie Resources is conducting a two-month trial to store PASS material at its West Pit, in collaboration with EPH Environmental Pty Ltd. The trial involves managing the material underwater as part of the mine's rehabilitation. VicCivil has been contracted to oversee the delivery and storage of the material, which will be tracked using Nagambie's weighbridge. The company will invoice EPH weekly to ensure positive cash flow. If the trial proves successful, it could lead to a long-term contract, providing significant financial benefits. Nagambie's strategic initiative aligns with its goals to leverage mine rehabilitation for sustainable economic opportunities.

Executive insights on Nagambie's new trial initiative

The trial arrangement with EPH Environmental Pty Ltd represents a strategic opportunity for Nagambie Resources to utilize our existing infrastructure at the West Pit for mine rehabilitation purposes. We are optimistic about the potential financial benefits this trial could bring and are committed to ensuring its success.