Ngx Limited
NGX.ASXMaterials
Mineral Exploration
Market Data
$0.083
+0.0%$7.5M
-100000.0x
$-0.025
0.00%
-0.4%
Latest Earnings
June 2026 Quarterly Report
31 July 2026
NGX Limited, an early-stage mineral exploration company, reported quarterly results with positive exploration outcomes at its Malawi projects, particularly at Msinja where hand-auger drilling identified high-grade rutile mineralisation (up to 1.00% over 2m intervals), while maintaining a strong cash position of A$1.65M with no debt. The company is evaluating integration opportunities between Msinja rutile and its Malingunde graphite project, and advancing uranium exploration permits in Namibia, though it strategically terminated several late-stage acquisition discussions that did not meet commercial criteria. Key points: Hand-auger drilling at Msinja confirmed high-grade rutile mineralisation with multiple significant intercepts including 2m at 1.00% rutile and 3m at 0.89% rutile from surface; Strong exploration success with 16 of 19 Msinja holes intersecting mineralisation from surface with majority remaining open at depth, indicating exploration upside; Strategic opportunity identified to integrate Msinja rutile as by-product stream with nearby Malingunde graphite project located just 2km away, potentially enhancing project economics
Recent Announcements
June 2026 Quarterly Report
NGX Limited, an early-stage mineral exploration company, reported quarterly results with positive exploration outcomes at its Malawi projects, particularly at Msinja where hand-auger drilling identified high-grade rutile mineralisation (up to 1.00% over 2m intervals), while maintaining a strong cash position of A$1.65M with no debt. The company is evaluating integration opportunities between Msinja rutile and its Malingunde graphite project, and advancing uranium exploration permits in Namibia, though it strategically terminated several late-stage acquisition discussions that did not meet commercial criteria. Key points: Hand-auger drilling at Msinja confirmed high-grade rutile mineralisation with multiple significant intercepts including 2m at 1.00% rutile and 3m at 0.89% rutile from surface; Strong exploration success with 16 of 19 Msinja holes intersecting mineralisation from surface with majority remaining open at depth, indicating exploration upside; Strategic opportunity identified to integrate Msinja rutile as by-product stream with nearby Malingunde graphite project located just 2km away, potentially enhancing project economics
March 2026 Quarterly Report
NGX Limited, a minerals exploration company focused on clean energy transition materials, reported Q1 2026 results with continued exploration progress on natural graphite projects in Malawi and uranium projects in Namibia. The company maintained a strong cash position of $2.25M with no debt, though adopted a measured approach to graphite development expenditure pending improved market conditions. Operating cash burn was $439K for the quarter, with an estimated 5 quarters of funding runway based on current burn rates. Key points: Completed hand-auger drilling exploration program across Msinja and Lifidzi projects in Malawi testing high-grade titanium mineralisation; Tubusis uranium exploration licence (EPL9629) granted in Namibia with initial soil sampling completed; Rossingburg (EPL9921) in final permitting stages with Environmental Clearance Certificate underway; Strong balance sheet with $2.25M cash and zero debt as at 31 March 2026, providing financial flexibility
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