• Discovery of visually significant antimony veining 130m east of the C1E vein
• Potential to significantly increase gold equivalent ounces per vertical metre
• Additional antimony-gold veins expected within 1.5km to the east and 2.0km to the west/south-west

Nagambie Resources Limited (ASX: NAG) is pleased to announce the discovery of visually significant antimony veining 130m east of the C1E vein in diamond hole NAD056. This new stibnite veining, subject to further drilling, could significantly increase gold equivalent ounces per vertical metre. The antimony-gold mineralisation in Nagambie's current JORC Inferred Resource occurs within a distance of approximately 360m west-to-east, and the visually significant veining 130m east of the C1E Vein could potentially increase this west-to-east distance by 36% to 490m. The west-to-east distances between the north-south-striking stibnite veins to date could be roughly 100m between the C3 and C2 veins, 150m between the C2 and C1 veins, and 130m between the C1 veins and the veins intersected in NAD056, fitting with Nagambie's structural model. Additional such stibnite veins will be targeted by Nagambie over time within a distance of 1.5 km to the east of the NAD056 veining and within a distance of 2.0 km to the west/south-west of the C3 veins.

Nagambie's focus is to firstly get the near-surface high-grade mineralisation under the West Pit into production, with tremendous upside existing longer term at depth to 1,000m or more, within the 1.5 km mineralisation target to the east of the West Pit and within the 2.0 km mineralisation target to the west/south west of the West Pit.