Our Company

Nagambie Resources Limited (ASX:NAG) is an exploration and development company targeting epizonal-style, high-grade antimony and gold mineralisation across its 1000 sq km contiguous tenement holding in the Waranga Domain of the Melbourne Structural Zone in northern central Victoria, Australia. These tenements are located near the gold-antimony mines at Fosterville (Agnico Eagle) and Costerfield (Mandalay Resources).

The 100%-owned Nagambie Mine sits within the extensive tenement holding. Production of 123,000 ounces of gold from two open pits (the East Pit and the West Pit) occurred at the Nagambie Mine in the early 1990s. Gold mineralization mined in the pits is structurally controlled and occurs in E-W striking thrust faults (or shear zones) associated with a parallel-striking central anticline.

In 2022, Nagambie Resources drilled deeper under the West Pit and discovered previously unrecognised N-S striking high-grade antimony and gold lode systems cutting across the known E-W thrust faults. This discovery – the Nagambie Mine Antimony-Gold Project – is the Company's flagship project. The Project is currently Australia's highest grading antimony mineral resource estimate (JORC Inferred Resource).

Nagambie Resources' tenement holding also includes the historic Whroo Goldfields and the 2014 Wandean gold discovery. Mining of gold from numerous reefs at Whroo, including at the Balaclava Hill Mine commenced in the 1850s. Records of observations made by early miners reveal significant stibnite (antimony sulphide) veining was also encountered, and based on these records, the antimony veins are likely anomalous with the antimony veins intersected at the Nagambie Mine Antimony Gold Project. These tenements are highly prospective for future antimony-gold discoveries and will be systematically explored using the knowledge gained from the Nagambie Mine Antimony-Gold Project.

Nagambie Resources has also entered into a joint venture agreement to develop the Nagambie Processing Hub (NPH) at the Nagambie Mine. Once operational, the NPH will produce precious metals (gold), critical metals (antimony), renewable energy, repurposed tailings and carbon credits. To date, all permits have been obtained to develop a 300,000 tonnes p.a. processing plant and a dry-stacked tailings storage facility. With a current Mining Licence over the Nagambie Mine Antimony-Gold Project, the NPH development offers the company a clear pathway to production in the near future.

Our corporate objectives are to work with our community and regulatory stakeholders to discover and sustainably develop precious and critical mineral deposits, and to assist other mineral developers extract value from their deposits for the benefit of all.