economyFriday, October 30, 20262 sources
NGX Limited Surges 92.9% After Securing Namibian Gold Licences
NGX Limited's stock price jumped 92.9% following the acquisition of seven gold licences in Namibia, covering over 1300 square kilometres in the Damara Gold Belt. The surge placed NGX among the ASX Runners of the Week, alongside RBR Group and Eden Innovations. The event marked a significant milestone for the mining sector and stock market in Australia.
NGX Limited experienced a dramatic 92.9% increase in its stock price after securing seven gold licences in Namibia. The licences span an area of more than 1300 square kilometres within the Damara Gold Belt, a region known for its mineral potential. The news was reported by two Australian news outlets, the Sydney Morning Herald and the West Australian, both publishing on October 30, 2026. The surge in NGX's stock price placed it among the top performers in the ASX Runners of the Week feature, alongside RBR Group and Eden Innovations. The event is classified as a current event with the most specific date available, and it is reported to be related to the economy, specifically the stock market and mining sector.
Sources
IndependentThe West AustralianOct 30, 09:04 AM
ASX Runners of the Week: NGX Limited, RBR Group and Eden InnovationsThis week’sBulls N’ Bears ASX Runner of the Week is… NGX Limited, which rocketed 92.9% after striking deals for seven Namibian gold licences spanning more than 1300 square kilometres in the Damara Gold Belt.
IndependentThe Sydney Morning HeraldOct 30, 08:54 AM
ASX Runners of the Week: NGX Limited, RBR Group and Eden InnovationsThis week’s Bulls N’ Bears ASX Runner of the Week is… NGX Limited, soaring 92.9% on deals for seven Namibian gold licences covering more than 1300 square kilometres.