Nagambie Resources Q1 2026 Activities Report
Key points
- Successful completion of earn-in with Alkane Resources
- Alkane mobilized two drill rigs at Nagambie Mine
- Redemption of remaining Series 9 convertible notes
- Reduction and extension of working capital facility
- Alkane became a 13.2% substantial shareholder
Full summary
Nagambie Resources Limited reported on its activities for the June 2026 quarter. Key highlights include the successful completion of the earn-in/joint venture with Alkane Resources, which commenced on 9 April 2026. Alkane mobilized two diamond drill rigs to the Nagambie Mine, targeting resource extension. During the quarter, Nagambie redeemed all remaining Series 9 convertible notes, totaling $2.375 million, and reduced the $3.0 million PPT Working Capital Facility by $1.5 million, extending its repayment by one year. Alkane became a 13.2% substantial shareholder in Nagambie. The company also finalized exploration planning and government permitting for its 100%-owned gold-antimony projects at Whroo and Wandean.
Outlook
Nagambie Resources expects a steady flow of assays from Alkane's resource drilling program at the Nagambie Mine in the September quarter.
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