Key facts about Nagambie Resources Limited

Nagambie Resources (ASX:NAG) is an exploration company dedicated to developing gold and antimony systems in Victoria, Australia. The company is advancing its Nagambie Gold-Antimony Project, which boasts Australia's highest-grade antimony inferred resource. Recent drilling efforts have expanded their gold equivalent ounces significantly.

Nagambie Resources' strategic outlook and future goals

Nagambie Resources is making significant strides with its Nagambie Gold-Antimony Project. The project is located on freehold land with the necessary licenses and permits for development. Recent drilling has resulted in a notable increase in gold equivalent resources, now totaling 321,000 ounces. The company is focused on expanding its resource base through continued exploration and strategic partnerships, including a joint venture with Golden Camel Mining Pty Ltd. Nagambie Resources aims to further grow its JORC Inferred Resource, advance permitting, and conduct ongoing drilling. With rising antimony and gold prices, the company is well-positioned to capitalize on its high-grade antimony resource.

Executive insights on Nagambie Resources' progress

We are focusing on developing the Nagambie mine site as a regional center for gold and antimony production in collaboration with strategic partners. The recent completion of our drill programs and the subsequent resource updates are testament to our commitment to increasing our resource base efficiently. Our partnership with Golden Camel Mining Pty Ltd to create a Central Processing Hub is a key component of our strategy moving forward.