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Nagambie Resources Limited (ASX:NAG)

ALERT: Price-sensitive ASX Announcement for NAG
Current share price for NAG : $0.009 -0.007 (-43.75%)+
Announcement
Release
2 Mar 2026 10:14AM
Price at Release
$0.016
Full Release
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Summary
Nagambie Resources Limited has announced its 2026 Share Purchase Plan (SPP), inviting eligible shareholders to purchase shares at a discounted price to raise a maximum of $3.7 million. The funds will be used for a diamond drilling program at the Whroo Mines Gold-Antimony Project and to support general working capital. Nagambie also announced a joint venture with Alkane Resources Limited, aiming to leverage significant cost savings and synergies with existing operations. The timeline for the SPP includes key dates in March and April 2026, with the allotment of shares set for 1 April 2026.
Key Points
  • Nagambie Resources Limited is conducting a 2026 Share Purchase Plan (SPP) for eligible shareholders.
  • The share price is set at 1.3 cents, with a maximum raise target of $3.7 million.
  • Funds will support the Whroo Mines Gold-Antimony Project and general working capital.
  • Nagambie has entered a joint venture with Alkane Resources Limited for cost-saving synergies.
  • Important SPP dates include commencement on 5 March 2026 and allotment on 1 April 2026.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.