Australia's NGX rises on bagging rights to buy interest in exploration licences

NGX

27/10/2026 03:03

** Shares of NGX NGX.AX rise as much as 85.7% to A$0.13, their highest level since February 9
** On track to log its best session ever
** Clean energy minerals explorer and developer secures rights to acquire up to 85% interest in seven exploration prospecting licences
** Acquisition results in a district-scale land package of over 1,300km within Namibia's Damara Belt which hosts gold endowment 
** About 894,000 shares change hands, 10.2 times the 30-day avg
     
     

 (Reporting by Anjali Singh in Bengaluru)
 ((anjali.singh2@thomsonreuters.com;))