Ann: Defence Industrial Base Consortium (DIBC) Membership, page-2

Well done NAG

Defence Industrial Base Consortium (DIBC) Membership

HIGHLIGHTS

» Nagambie’s application to the DIBC has been accepted;
» The DIBC is a US Department of Defense-funded initiative focused on research and commercial solutions for defense requirements, including antimony supply; and
» DIBC membership provides access to a collaboration database, allowing members to search for capabilities, collaboration interests and, in the case of Nagambie, potential refiners and end-users.

Nagambie Resources Limited (ASX: NAG, “Nagambie” or the Company) is pleased to announce that its application to the DIBC has been accepted. The DIBC enables rapid research, access to commercial solutions for defense requirements, and innovations from industry, academia, and non-traditional contractors.
The Company‘s Chairman, Kevin Perrin, commented: “Our membership in the DIBC will provide the opportunity to form valuable connections and partnerships, further ensuring that the strategic value of Nagambie’s antimony-gold discovery is recognised. “We consider that the 100%-owned near-surface Nagambie Mine deposit is the highest-grade antimony mineralisation in Australia. It currently contains 20,800 tonnes of antimony (Sb) in-the-ground at 3.9% Sb (refer ASX announcement of 15 November 2024: ‘Gold-Antimony JORC Resource Updated’, with compelling exploration upside along strike and at depth. Initial mineralised intersections from the new resource drilling program are at the laboratory and assay results will start becoming available in coming weeks.
“Further, with a mining licence and a planning permit for the construction of a treatment plant in place, we are progressing a clear pathway to production.”