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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.
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