Nagambie Resources Secures 12-Month Extension on $1.5 Million Loan Facility with PPT Nominees

Nagambie Resources and PPT Nominees Agree to Extend Loan Repayment to September 2027

In a company update dated 1 July 2026, Nagambie Resources Limited announced that it and its wholly-owned subsidiaries Nagambie Developments Pty Ltd and Nagambie Landfill Pty Ltd have agreed with PPT Nominees Pty Ltd to push back the repayment date for the outstanding balance on their existing working capital loan facility from 13 September 2026 to 13 September 2027. This extension grants the company an additional year before repayment is due.<\/p>

The loan facility was initially established under terms disclosed on 6 March 2025 in an update titled "$1.0 Million Increase in Flexible Working Capital Facility." The recent extension leaves the facility limit, outstanding amount, and security arrangements unchanged. The company confirmed no other material amendments to the facility terms resulted from this agreement.<\/p>

April 2026 Share Issuance to PPT Lowers Outstanding Debt

Before this extension, Nagambie Resources reduced its debt exposure by issuing 100 million shares to PPT on 13 April 2026, which retired $1.5 million of debt under the facility. This equity-based debt retirement lowered the outstanding balance to $1.5 million, the amount now subject to the extended repayment date.<\/p>

Using Equity to retire debt is a common Working Capital Management approach for smaller listed companies, helping reduce cash outflows without impacting operational Cash Flow. For Nagambie Resources, the April 2026 share issuance was a significant step in managing its total debt, and the subsequent extension further strengthens its near-term Liquidity. The Interest Rate and other financial terms were not updated in the latest announcement.<\/p>

Related Party Nature of PPT Facility and Kevin Perrin’s Dual Roles

The facility is a related party arrangement. PPT Nominees Pty Ltd is a related party under ASX Listing Rules because Kevin Perrin serves as a director of both PPT and Nagambie Resources, where he is also a substantial shareholder and Non-Executive Chairman. This dual role requires careful disclosure and governance oversight.<\/p>

The company confirmed the extension does not increase the facility limit, outstanding balance, or security in favour of PPT, nor does it materially amend terms to advantage PPT or disadvantage Nagambie Resources. This aligns with disclosure requirements for related party transactions, ensuring shareholders are informed that the deal was assessed commercially. The Board views the extension as the most commercially efficient funding option available after considering alternatives.<\/p>

Board’s Justification for Extending the PPT Facility

The Board stated that extending the facility with PPT is the most commercially efficient funding source given the company’s circumstances, after evaluating alternative options. Although specific alternatives were not disclosed, this indicates a comparative assessment was undertaken.<\/p>

For a company of Nagambie Resources’ size and development stage, access to flexible working capital at competitive terms is critical for advancing projects and daily operations. The existing facility, established since March 2025, offers a familiar financing structure. Extending it avoids the costs and complexities of new credit arrangements, such as due diligence, legal fees, and potentially less favourable terms in the current market.<\/p>

Implications of the 12-Month Extension for Working Capital Management

By extending the repayment date to September 2027, Nagambie Resources eliminates near-term refinancing risk that would have arisen in late 2026. This additional year provides meaningful flexibility to manage working capital and progress operational and strategic objectives without immediate pressure from a debt maturity.<\/p>

Working capital flexibility is especially important for resource and development companies facing regulatory, environmental, or market uncertainties. Locking in the extension well before the original deadline reduces uncertainty for management and shareholders. The announcement’s impact on share price was not publicly available at the time of writing.<\/p>

No Changes to Facility Limit or Security Terms

The company explicitly confirmed that the extension does not increase the facility limit or security granted to PPT Nominees. This reassures shareholders that no additional secured debt has been incurred. The outstanding balance remains at $1.5 million following the April 2026 share issuance.<\/p>

Security arrangements remain unchanged, meaning the assets pledged as Collateral continue under the original terms without expansion. For shareholders evaluating the company’s Balance Sheet and Leverage, this extension represents a timing adjustment rather than increased indebtedness or encumbrance.<\/p>

Operational and Strategic Drivers Behind the Working Capital Flexibility

The update cites ongoing "operational and strategic objectives" as the reason for seeking extended working capital flexibility. While specific projects were not detailed, Nagambie Resources operates from 533 Zanelli Road, Nagambie, Victoria, focusing on mineral resources and related activities.<\/p>

Subsidiaries Nagambie Developments Pty Ltd and Nagambie Landfill Pty Ltd are parties to the facility, indicating the working capital supports multiple business areas, including resource development and landfill or land development operations. Investors interested in project details should consult the company’s broader operational updates and annual reports.<\/p>

Board Approval and Governance for the Related Party Facility Extension

The announcement was approved by Nagambie Resources’ Board, a standard governance step for related party transactions to ensure independent directors assess commercial terms and protect shareholder interests.<\/p>

Given Kevin Perrin’s dual roles, governance protocols are crucial for transaction integrity. The company’s assurance that the extension neither advantages PPT nor disadvantages Nagambie Resources aligns with ASX Listing Rules for related party dealings. The update did not specify whether an independent committee or external adviser was engaged.<\/p>

Upcoming Milestones for Investors to Watch

With the repayment date extended to September 2027, investors should monitor Nagambie Resources’ progress on its operational and strategic plans. The company must demonstrate advancement of projects and outline a plan to repay or refinance the $1.5 million balance by the new deadline.<\/p>

Shareholders may also look for further capital management actions, such as additional equity issuances to retire debt or new funding initiatives. CEO James Earle and Executive Director Michael Trumbull are the designated contacts for investor inquiries and can be reached at [email protected] or [email protected].<\/p>