• Recommenced diamond drilling at Nagambie Mine to delineate additional high-grade antimony-gold lodes
• Completed $1.2 million placement to accelerate resource definition
• Appointed David Morgan as Non-Executive Director with extensive resource industry experience

Nagambie Resources Limited (ASX: NAG) has recommenced diamond drilling at the Nagambie Mine, focusing on the delineation of additional high-grade antimony-gold lodes to the east of the current JORC Inferred Resource. Following up on the intersection in NAD056 announced in May 2025, the company has drilled holes NAD058-060 and commenced NAD061. Logging and core saw sampling of the mineralised intervals is progressing, and antimony and gold assays are expected to become available in November 2025. Prior to the drilling, Nagambie completed a $1.2 million placement with JP Equity Partners as the Lead Manager, which will be used to accelerate the resource definition. The company also announced the appointment of David Morgan to the board as a Non-Executive Director. David is a highly experienced resource industry professional with degrees in mining and mechanical engineering and over 40 years of experience in the strategic management, development, and operation of resource/exploration projects. The company's current JORC Inferred Resource at the Nagambie Mine stands at 539,000 tonnes at 3.9% antimony and 3.3 g/t gold, containing 20,800 tonnes of antimony and 58,000 ounces of gold. Nagambie has also received notice from the Victorian Earth Resources Regulator regarding a reassessment of the rehabilitation liability for the Nagambie Mining Licence, and the company is liaising with the regulator on the recalculation.

Nagambie Resources plans to report antimony and gold assays from the recent drilling program progressively through November and December 2025.