• Updated antimony-gold JORC Inferred Resource for Nagambie Mine deposit
• Diamond drilling of high-grade gold-antimony orebody ongoing
• Antimony price surged 54% during the quarter

Nagambie Resources Ltd has reported its quarterly activities, including an updated antimony-gold JORC Inferred Resource for its Nagambie Mine deposit. The updated MRE took account of the significantly changed gold-equivalent (AuEq) factor resulting from the relative changes in the prices for gold and antimony. Due to the significant increase in the gold price, a lower cut-off grade of 4.0 g/t AuEq was applied to calculate the updated MRE. The updated MRE is 539,000 tonnes, with average grades of 3.3 g/t gold and 3.9% antimony, giving in-the-ground contents of 58,000 ounces of gold plus 20,800 tonnes of antimony. The updated AuEq figures are 322,000 ounces AuEq at 18.6 g/t AuEq (or 0.6 ounces per tonne AuEq). Diamond drilling of the high-grade gold-antimony orebody recommenced on 19 November 2024 and is ongoing. The western world antimony price surged during the quarter, rising 54% from A$40,827 per tonne to A$62,747 per tonne. The company also announced the sale of its remaining 30% interest in its non-core Redcastle tenements and a trial arrangement to store PASS (Potential Acid Sulfate Soil) material from the North East Link Project under water in the West Pit at the Nagambie Mine.

The updated JORC Inferred Resource contains 58,000 ounces of gold and 20,800 tonnes of antimony as of the end of 2024.