Nagambie Resources sees best day in nearly 2-mths on gold toll treatment approval
20/08/2021 03:47
** Shares of Nagambie Resources Ltd NAG.AX jump as much as
16.4% to A$0.078, their biggest intraday pct gain since June 25
** Gold explorer receives approval https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02409532-3A573352?access_token=83ff96335c2d45a094df02a206a39ff4
to construct and rehabilitate gold toll treatment plant at
Nagambie mine, jointly with Victoria-based Golden Camel Mining
Pty Ltd
** Golden Camel will be initial manager in 50-50 JV, yet to
be finalised, assuming initial construction costs
** Rehabilitation costs for plant with annual capacity of
180,000 tonnes of ore will be paid jointly
** Stock highest since Aug. 4
(Reporting by Dhriti Garg in Bengaluru)
((Dhriti.Garg@thomsonreuters.com))