Western Australian gold producer Navigator Resources Limited (NAV) is pleased to announce that it has achieved the production milestone of 100,000 ounces of gold poured since it commenced operation at the Company’s Bronzewing Gold Project.
Managing Director David Hatch said that “The Company looks forward to continuing its turnaround and further building its gold production profile during the coming months.”
Navigator Resources Limited transitioned from explorer to gold producer in April 2010 and its objective is to build value for shareholders by becoming a highly regarded and profitable gold producer with a pipeline of advanced projects.
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 having carried out a trial mining program and ongoing targeted exploration.
Both gold projects are well located with respect to regional infrastructure, being in the heart of the north eastern goldfields region of Western Australia. All required mining permits and granted mining leases are in place both at Bronzewing and Leonora. The Company’s medium term objective is to target 150,000oz pa of gold production from these two open pit projects.
Navigator also maintains an interest in assets in the East Kimberley region of WA, including the Cummins Range Rare Earth Project.
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