Gold Reserves & Resources
* Resource estimate by Coffey, 2009 (Note: Central Resource not
depleted for mining conducted by Navigator in 2010).
** 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.
* Resource estimate by McDonald Speijers
** Resource estimate by Runge Limited
*** Resource estimate by Navigator, 2009
Notes: Assay top cuts for Mertondale and Raeside are variable but
generally between 10-20g/t Au and are 15g/t Au at Cardinia with no
top cuts at Black Chief and Gambier Lass. No allowance has
been made for dilution or ore loss. All resources (except Black
Chief and Gambier Lass) are constrained by pit shells optimised at
A$2,000/oz.
Rare Earth Metals
* COG = cut-off grade; TREO = Total rare earth oxides including yttrium; LREO = Light REO (La-Nd); MREO = Middle REO (Sm-Dy); HREO = Heavy REO (Ho-Lu); MT = Million tonnes; kt = kilotonnes.



