Nagambie Resources Limited (Nagambie Resources or the Comapny) is a resources exploration and development company targeting epizonal, high-grade, antimony-gold deposits across more than 3,000 sqkm of tenements in the Waranga Domain of the Melbourne Structural Zone, Victoria.
The Company’s flagship project is the Antimony-Gold Project, which is located at the 100% owned Nagambie Mine where the company is exploring deep beneath the 1990’s era open pit mines. The Nagambie Mine sits in proximity to the gold-antimony mines at Fosterville (Agnico Eagle) and Costerfield (Mandalay Resources).
To date, the Antimony-Gold Project has delivered an average economically mineable intercept grade of around 6% antimony and 4 g/t gold (for a gold equivalent grade of approximately 15 g/t). Nagambie considers that this discovery is one of the highest-grade antimony orebodies in the world. A mining licence is already held over this project, giving a clear line of site to production.
Antimony is vital to the green energy transition. It is used in lithium-ion batteries and long life liquid metal batteries, in the glass of solar panels, to strengthen the metal of wind turbine blades, and it is used in the semi-conductors and electrical circuitry that enables of high tech and use of green energy. Put simply….“There can be no energy transition without a supply of antimony”;
The company is also developing a toll treatment plant at the Nagambie Mine in joint venture with privately owned Golden Camel Mining Pty Ltd (GCM). This treatment plant will be developed to process ores from GCM’s nearby mines and Nagambie Resources’ future mine, and offers other exploration and development companies a processing option to unlock the value in their mineral discoveries.
Our corporate objectives are to work with our community and regulatory stakeholders to discover and sustainably develop precious and critical mineral deposits, and to assist other mineral developers extract value from their deposits for the benefit of all.