Navigator Resources
Navigator Resources Limited (ASX:NAV) is an emerging Perth-based gold producer with an objective of building value for shareholders and establishing a pipeline of advanced projects. The Company acquired the Bronzewing Gold Project in late 2009, and this Project recommenced production in April 2010. Navigator also continues to pursue development opportunities at the Leonora Gold Project by initially carrying out a trial mining program. The Company’s medium term objective is to target 150,000oz pa of gold production from these two open pit projects. The Company also maintains an interest in assets in the East Kimberley region, including the 100% owned Cummins Range Rare Earth Project.
Navigator Resources moves towards full scale gold production at Bronzewing
Navigator Resources (ASX: NAV), an emerging Perth-based gold production company, has reported on its continued progress towards achieving full scale sustained gold production of 100,000oz per annum at its Bronzewing Gold Project.
Bronzewing is located in the Eastern Goldfields of Western Australia, in the highly prospective Yandal Greenstone Belt.
The company’s gold shipment and sales profile has also been steadily increasing in line with previously announced positive operational trends for mill throughput, plant recovery and gold into circuit.
Navigator despatched its largest gold shipment to date on Thursday, 24 June 2010, which totalled 72.8kg of gold bullion. Based upon recent dore purity, the company expects attributable fine gold to exceed 2,000oz.
David Hatch, managing director, said confirmation of fine gold from last week’s shipment will be communicated once refinery out-turns are received in the coming days.
Navigator will pour its final gold bars this week to close off the month and June quarter and will report actual fine gold produced and sold for June once all refinery out-turns are received. This is expected by the company in mid-July 2010.
The company said it will announce final results of its production ramp up achievements in its June quarter report.
The Company acquired the Bronzewing Gold Project (located 960km northeast of Perth) in late 2009, and this Project recommenced production in April 2010.
Navigator also continues to pursue development opportunities at the Leonora Gold Project (located 830km northeast of Perth) by initially carrying out a trial mining program.
Other Navigator Resources articles
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02/07/10 Navigator Resources raises A$1.01m for Bronzewing gold exploration
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01/06/10 Navigator Resources increases Bronzewing resources to 946,000 ounces of gold
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22/04/10 Navigator Resources pours first gold from two projects on same day
Other Navigator Resources news
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02/09/10 Navigator Resources' gold production on track at Bronzewing
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18/08/10 Navigator Resources boosts ore reserves by 25% to 480,500oz at Bronzewing Gold Project
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07/07/10 Navigator Resources' Share Purchase Plan to fund gold mines development
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30/06/10 Navigator Resources has largest weekly gold shipment at Bronzewing
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18/06/10 Navigator Resources managing director acquires more shares
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02/06/10 Navigator Resources increases mill throughput rate at Bronzewing
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14/05/10 Navigator Resources reports trial milling results from Leonora
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20/04/10 Navigator Resources positions Leonora as second producing gold mine
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09/04/10 Navigator Resources nears milestone, to produce gold from Bronzewing in April
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31/03/10 Navigator Resources mines first ore at Leonora Gold Project
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