Welcome to NGM Resources

NGM Resources Limited (ASX:NGM) is a diversified exploration company with a focus on uranium and nickel. Headquartered in Perth, the company has agreements covering uranium exploration projects in Queensland and Niger, West Africa, and nickel exploration projects in Madagascar, Southern Africa.

In Niger, NGM Resources is in the process of acquiring private company Indo Energy, the holder of three granted uranium concessions and three applications. The acquisition is subject to shareholder approval and Niger Government approval. The concessions are in the highly prospective Tim Mersoї basin, where uranium has been mined and supplied to Europe for the past 30 years. Niger is the world’s fourth largest producer of uranium.

In Queensland, NGM Resources has an agreement to explore and ultimately earn 100% interest in the Marsh’s Creek uranium project, located 150 kilometres west of Townsville. Marsh’s Creek lies in a highly prospective uranium province, which was first explored by Utah Development in 1977-1980.

In June, NGM reached agreement with BHP Billiton to acquire 100% of their four nickel exploration projects in Madagascar. The agreement covers 5,000 km² of ground holdings.

In August, NGM reached agreement to sell 100% of its Egerton gold project in Western Australia to Xploration Ltd. This allows the company to focus on its uranium and nickel interests.