Navigator Resources (NAV)

Shares / Stock Code

NAV

Stock Exchange / Sharemarket

Australian Securities Exchange

Navigator Resources (NAV) is an emerging Western Australian mid-tier resource company. The main focus is gold at Leonora, WA, where the plan is to rapidly expand the current 870,000oz gold resource and commence a high-margin mining operation. In the East Kimberley, WA, Navigator plans to deliver a strategic rare earth metal resource at its 100%-owned Cummins Range project. Navigator’s key objective is to create value for shareholders.

NAV is reporting good results at Mertondale. A strategy to find near-surface moderate- to high-grade ore is working well. There are a number of very high-grade plunging ore shoots at Tonto with potential for underground mining. Finding costs of $8M per resource are low. Cummins Range, found by CRA Exploration Pty Ltd, has a non-JORC resource of 3Mt-4Mt at 2%-4% REOs. Exploration by NAV is showing a larger REO project at better grade. NAV is on a path to add significantly to shareholder value. Company listed on ASX on 19 September, 2003.

Navigator Resources is intersecting near-surface gold in several previously unmined positions. A steady flow of gold discovery and positive drill results highlights the potential of the company’s 35km Mertondale-Cardinia belt. The early focus on shallow ounces is to accelerate a production decision, so the underground potential is largely untapped. The value of the Cummins Range rare earth project is only just starting to be unlocked.

NAV's major customers would include the retail, wholesale and international markets. Its competitors consist of other mining companies such as Marengo Mining (MGO). The mining industry is a global industry, which is highly competitive.The Company’s subsidiaries include Navigator Mining Pty Ltd and Navigator (Bronzewing) Pty Ltd.

Navigator Resources (NAV) Products and Services

  • Gold exploration.

Navigator Resources (NAV) Locations and Subsidiaries

Navigator Resources Head Office
Ground Floor, 45 Richardson Street, WEST PERTH,
WA, AUSTRALIA, 6005
Phone: (08) 9226 5311
Fax: (08) 9226 5411

Navigator Resources (NAV) Share Price

Submitted by ASX Listed Company on 14 May, 2010 - 15:34

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