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NGX Raises $3.6 Million to Fund Namibian Licence Acquisitions

NGX Limited has signed agreements to acquire majority interests in seven Namibian gold exploration licences covering more than 1,300 square kilometres. The company is raising $3.6 million to fund the acquisition.

NGX

NGX Limited ASX:NGX has signed agreements to acquire majority interests in seven Namibian gold exploration licences covering more than 1,300 square kilometres across the Damara Belt.The proposed consolidation spans the Erongo gold project and Otjikoto South project, placing NGX near established dep…