The Bronzewing Project has 946,000oz of JORC compliant gold resources at an average grade of 2.1g/t Au, of which 700,000oz are in the Indicated category and 246,000oz are in the Inferred category.
** Resource estimate reviewed by Navigator, 2009. (Note: Success Resource not depleted for mining conducted by Navigator in 2010).
*** Resource estimate by Navigator, 2010.
**** Resource estimate as announced by View Resources Limited Quarterly Report for the Period Ended December 2007, lodged with ASX on 25 January 2008. Yet to be reviewed by Navigator or an independent party.
The mineral resources include 385,000oz of JORC compliant ore reserves in the Probable category. These ore reserves are located in the Central, Cockburn, Challenger and Success pits and will be the focus of initial mining operations. The reserves have an average grade of 1.9g/t, with the small Success pit having a grade of 2.8g/t.
There is substantial exploration upside at Bronzewing that could further increase reserves and resources and ultimately the life of the mine. Navigator is currently focussing brownfields exploration efforts at Bronzewing on extending the projected mine life by another five years which would extend production out to 2020.