NGX Limited (NGX), an Australian clean energy minerals explorer and developer, is conducting target generation, data review and desktop modelling for its Tubusis uranium project in Namibia.

The ASX-listed firm said in a report for its December 31, 2024 quarter released on January 30 that permitting for the EPL 9629 environmental clearance certificate application progressed after it received an intention to grant from the government in the southwestern African nation. 

On the Malingunde graphite project in Malawi, NGX noted that bulk-scale optimisation test work is on-going, with the aim of commercially demonstrating the asset’s downstream process as well as defining engineering parameters for developing a vertically integrated active anode material (AAM) operation.

During the quarter, NGX worked with some partners to enhance the production of AAM from its "high-quality" natural graphite for the growing lithium-ion battery market. 

It progressed dialogue with potential offtakers as well.

"During the quarter, significant progress with improvements of the Malingunde’s upstream component (concentrate) project and its future operation," said NGX.

"Notable improvements include the successful assessment of a dry stack tailings facility, reduction in water requirements and flowsheet optimisation.  These enhancements lead to the production of a higher-purity graphite concentrate, providing notable benefits for downstream processing, including reduced reagent consumption and environmental advantages."

NGX said its financial position is strong with cash at bank of about $4.8mn and no debt by the end of December.