NGX Locks In Namibian Gold Belt Position And Raises A$4 Million
Closing price · 2026-10-27: $0.130 · +85.71%
NGX has secured rights to acquire up to 85% of seven exploration licences covering over 1,300 square kilometres in Namibia’s Damara Belt, plus up to 85% of a copper project near the Haib deposit. It has completed a placement raising approximately A$4 million to fund exploration and project commitments; the supplied filings also propose performance options for its executive director and key employees and consultants, subject to shareholder approval.