This is the money shot - especially when you have a toll mill being built that will be able to process 300,000 t/a
The Bottom Line
This is a legitimate high grade discovery in keeping with the orebodies at Costerfield and Fosterville, though the antimony grades look as if they could be much higher (2-3x). That is noteworthy given the critical metal tag that antimony now carries and the reliance of the world on antimony from China, Russia and Tajikistan for 85% of supply. NAG has already received approaches from potential strategic buyers of antimony concentrates.
Nagambie can benchmark this project with the Costerfield mine that is producing at a rate of 150,000 tpa for 70,000 oz p.a. of gold equivalent production. That mine is already down to 600-700m depth while the Fosterville mine is down to 1,000m. Nagambie can expect the same, meaning a long life mine. This is a work in progress now, but the pathway to very profitable production appears quite predictable.
- Forums
- ASX - By Stock
- Nagambie reported very high grade gold/antimony intercepts
This is the money shot - especially when you have a toll mill...
Featured News
Add NAG (ASX) to my watchlist
|
|||||
Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.763M |
Open | High | Low | Value | Volume |
1.2¢ | 1.2¢ | 1.1¢ | $15.82K | 1.385M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 63000 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 260735 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 63000 | 0.011 |
3 | 208739 | 0.010 |
6 | 1055716 | 0.009 |
5 | 738500 | 0.008 |
2 | 167142 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 260735 | 1 |
0.013 | 160615 | 1 |
0.014 | 110000 | 1 |
0.015 | 658165 | 1 |
0.016 | 1150 | 1 |
Last trade - 11.56am 28/06/2024 (20 minute delay) ? |
Featured News
NAG (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online