• 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

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.

Nagambie Resources expects a steady flow of assays from Alkane's resource drilling program at the Nagambie Mine in the September quarter.