Nagambie Resources (ASX:NAG) announced financial results for the quarter ended 30 September 2022.

NAD008 intersection of C1 vein at the 100%-owned Nagambie Mine.

Very-high-grade Sb in various samples for drill holes NAD009-011 has resulted in assay delays as an alternative laboratory technique for the very-high-grade Sb assays is now being applied.

More Sb mineralisation intersected in NAD012, 200m west of the C1/C2 vein system and also striking N-NNW.

First ever visible gold at the Nagambie Mine intersected at 150m vertical depth in NAD013 ? points to gold grades potentially increasing with depth, as they do at both the Costerfield and Fosterville Mines.

Significant new funding totalling $2.5M, after the redemption of $1.8M of convertible notes, raised to accelerate the diamond drilling of the high-grade antimony-gold veins at the Nagambie Mine and to add to working capital.

Warwick Grigor appointed as a Director of Nagambie Resources. Warwick has over 40 years? experience in the investment and gold mining sectors and is currently the Chairman of Far East Capital, an AFSL accredited private investment bank that specialises in the mining sector, providing independent research, corporate advice and capital raising services.

Following the announcement the company?s share price fell 5.063%.