Nagambie Resources Outlines Wandean Gold-Antimony Project Ahead of December 2026 Quarter Drilling

Shwetambri Chauhan

09 November 2026 03:33 PM AEDT

Nagambie Resources Outlines Wandean Gold-Antimony Project Ahead of December 2026 Quarter Drilling

Image Source: Krish Capital Pty Ltd

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Nagambie Resources Limited (ASX:NAG) has released a detailed overview of its 100%-owned Wandean Project, a gold-antimony exploration asset located approximately 5 kilometres north of the township of Nagambie in northern central Victoria, with drilling planned to commence in the December 2026 quarter.

Key Points

Wandean Project is 100%-owned by Nagambie Resources, held under Exploration Licence EL 5430 (Bunganail), and is outside the Alkane earn-in joint venture covering the Nagambie Mine tenements.
Best RC drilling result to date is 5m at 11.4 g/t gold from 53m, including 1m at 37.8 g/t gold (hole WRC 101).
Anomalous antimony occurs over an east-west strike length of approximately 750 metres in the oxide zone.
Planning and government permitting to commence drilling in the December 2026 quarter is described as almost complete.
An equity-for-drilling arrangement with preferred drill contractor OrcaDrill Pty Ltd, announced on 26 October 2026, will support the planned drill program.

Wandean Project Location and Ownership

The Wandean Project is situated approximately 5 kilometres north of the township of Nagambie and 9 kilometres north-west of the Nagambie Mine in northern central Victoria. The project is held under Exploration Licence EL 5430 (Bunganail) and is 100% owned by Nagambie Resources Limited, sitting outside the Alkane earn-in joint venture, which covers only the Nagambie Mine tenements. The project targets gold and antimony commodities and is currently at the exploration stage, with diamond drilling targeting Nagambie Mine-style gold-antimony veins identified as the next step.

Historical Drilling Results and Exploration Work

Nagambie conducted its first drilling at Wandean in December 2012 across 20 reverse circulation holes, with gold found in bedrock improving to the east. Subsequent RC drilling campaigns returned notable results including WRC 101 with 5m at 11.4 g/t gold from 53m, including 1m at 37.8 g/t; WRC 58 with 13m at 1.74 g/t from 20m; and WRC 23 with 2m at 11.0 g/t from 7m. A first deep diamond hole, WTD001, drilled in early 2019, intersected the Wandean Thrust Fault at approximately 500 metres below surface, encountering a 5-metre zone of quartz-carbonate veining and breccia with pyrite and Fosterville-style alteration. Surface geochemistry identified a gold-arsenic-antimony soil anomaly approximately 1 kilometre long, with gold up to 239 parts per billion and antimony up to 4.5%.

Mineralisation Style and Forthcoming Drill Program

The Wandean Project exhibits a similar style of mineralisation to that at the Nagambie Mine, where the company has identified 'C-style' high-grade gold-antimony lode systems considered analogous with gold-antimony veining at the Costerfield Mine. The filing states that the potential Wandean east-west strike zone is significantly greater than the current east-west strike for the C-style antimony veins under the West Pit at the Nagambie Mine. Non-Executive Chairman Kevin Perrin stated in the filing that the company is now testing for a second 'Nagambie discovery' at Wandean following the 2022 antimony-gold discoveries at the Nagambie Mine.

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