Projects

Navigator Resources Limited's objective is to build value for shareholders by becoming a highly regarded and profitable gold producer with a pipeline of advanced projects including the Bronzewing and Leonora Gold Projects in the Western Australian goldfields; the Cummins Range Rare Earth Project in the east Kimberley region of Western Australia and the Eastman and Laura River polymetallic deposits, also in the Kimberley.

To achieve this objective, Navigator recently purchased the Bronzewing Gold Project and aims to recommission the mine by April 2010, producing up to 100,000oz Au per annum for five years.  The exploration database purchased with the mine shows there is great potential to increase the life of the mine by a further five years to 2020.

Supporting Navigator's aim to become a mid-tier gold producer, the Company is also bringing a second gold mine on stream at Leonora.  The Leonora Gold Project has a resource of 750,000oz Au and could produce up to 50,000oz Au per annum for at least six years.  Trial mining is due to occur between February and June 2010 which will assist in determining the preferred development option for the Project.  Again there is significant exploration upside at Leonora which could further extend the mine life.

The strategy for our East Kimberley assets is based on low-risk value creation via joint venture and resource establishment. Cummins Range provides exposure to the increasingly interesting rare earth metals market. The Project resource currently contains 71,700t of rare earth oxides, as well as phosphate and uranium oxide by-products; and has potential to be expanded through further exploration.  Navigator is currently looking for a partner with rare earth expertise to help develop the Cummins Range Project.

Eastman and Laura River are free-carried joint ventures with Magma Metals Limited that are prospective for a variety of mineralisation types including nickel-copper-platinum, copper-zinc and copper-gold.