Navigator Resources Exploration Update
Thu, 7 Apr 2011 10:32:00 +1000 3 hours, 2 minutes ago
ASX ANNOUNCEMENT & MEDIA RELEASE 7 April 2011 KRE PROSPECTUS DISPATCHED – DRILL PLANNING UNDERWAY Navigator Resources Limited (ASX: NAV) (“Navigator”) is pleased to advise that the prospectus for the IPO of Kimberley Rare Earths Limited (KRE) was dispatched to Navigator shareholders on Tuesday, 5 April 2011. The prospectus contains application forms for both the priority offer (to Navigator shareholders) and public offer in KRE. BGF Equities will act as lead manager to the KRE IPO.
The priority offer to Navigator shareholder closes on 21 April 20111. Navigator is also pleased to advise that it has appointed XServ Consultants to manage the Cummins Range Rare Earth Project drill program design, obtain permitting approvals and seek to engage a drill contractor for the 2011 drill program. XServ Pty Ltd is a Perth based geological and mineral exploration consultancy with strength in Western Australian geology, geochemistry and geophysics.
Their principals have been involved in all stages of the discovery, evaluation and resource development of major Australian uranium, gold, base metals, diamond and iron ore deposits, and have previous rare earth exploration experience at Cummins Range. The 2011 drill program will aim to increase the confidence level in the JORC-compliant inferred resource at Cummins Range, increase overall resource tonnage, provide additional samples for metallurgical analyses and also test high-grade rare earth oxide exploration targets beyond the extent of existing drill coverage. Managing Director NAVIGATOR RESOURCES LIMITED 1 Unless extended Telephone: (08) 9226 5311 Facsimile: (08) 9226 5411 Email: navigator@navigatorresources.com.au Website:
www.navigatorresources.com.au Ground Floor, 45 Richardson Street WEST PERTH WA 6005 PO Box 276 WEST PERTH WA 6872 ASX Code: NAV ACN: 063 366 487 For Further Information: Please direct any queries, or requests for further information, to: David Hatch Email: navigator@navigatorresources.com.au Tel: (08) 9226 5311 ABOUT NAVIGATOR Navigator Resources Limited (ASX: NAV) 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. Both gold projects are well located with respect to regional infrastructure, being in the heart of the northeastern goldfields region ....
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