Nagambie Resources Limited (AU:NAG) has released an update.
Nagambie Resources Limited has announced a significant maiden JORC Resource discovery at the Nagambie Mine, featuring high-grade gold-antimony mineralization, with an inferred resource of 415,000 tonnes at 11.5 g/t gold equivalent. Amidst record gold prices and strong antimony demand, the company is planning further drilling to potentially expand the resource, which is open at depth within their Mining Licence area. The initial drilling achieved cost efficiency, suggesting both a high-margin orebody and substantial upside potential for the resource.
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