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Additional Information
Market: ASX
Sector: General Mining - Gold
EPIC: NAV
Latest Price: A$0.01  (0,00%)
52-week High: A$0.10
52-week Low: A$0.01
Market Cap: A$17.78M
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Navigator Resources
www.navigatorresources.com.au

Navigator Resources Limited (ASX:NAV) is an emerging Perth-based gold producer with an objective of building value for shareholders and establishing a pipeline of advanced projects. The Company acquired the Bronzewing Gold Project in late 2009, and this Project recommenced production in April 2010. Navigator also continues to pursue development opportunities at the Leonora Gold Project by initially carrying out a trial mining program. The Company’s medium term objective is to target 150,000oz pa of gold production from these two open pit projects. The Company also maintains an interest in assets in the East Kimberley region, including the 100% owned Cummins Range Rare Earth Project.

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Navigator Resources mill restarted ahead of schedule after planned shutdown

17th Feb 2011, 6:01 am

Navigator Resources (ASX: NAV) is back producing gold at Bronzewing after completing a planned mill shutdown in just 60 hours, around half the time of the original up to five day forecast.

David Hatch, managing director, said "We are very pleased that the shutdown has gone extremely smoothly and the plant is back in production ahead of schedule."

Work included replacing the mill pinion shaft and bearings, removing and reversing the mill girth gear and re-aligning the mill motor, gearbox, pinion shaft and girth gear.

With the mill back to operating at full strength, this will be a major benefit for any success in the expanded exploration program launched earlier in the month at the Bronzewing and Leonora projects, to follow on from some positive results received the end of 2010.

To speed up the process, additional staffing resources have been allocated as the company targets an increase in mineral inventory.

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