Tuesday, July 31, 2012

Navigator Resources Limited


QUARTERLY ACTIVITIES REPORT: JUNE 2012
KEY POINTS
Bronzewing Operations
u Quarterly gold production of 14,780oz
u Gold production for 2011/12 year of 55,128oz
u Mine planning review nearly completed
Bronzewing Exploration
u Intersection of 34m @ 3.98 g/t Au using a top cut of 10g/t Au in Cockburn Pit
u Bower-Harrier heritage survey was completed in April with clearance being given for the planned drilling program
u That drilling program will be delayed until funds are available
Leonora
u Discussions continuing with interested parties
u Auger and soil sampling programs are in progress on a number of tenements at Leonora
Corporate
u Gold sales revenue of $24.9 million for the quarter, with an average selling price of $1,564 per ounce
u Execution of $10 million finance facility with Au Mining Limited which was subsequently increased to $16 million
u Commencement of a 7.2 for 1 pro-rata renounceable rights issue to raise $16 million at an issue price of 0.1 cents
u Andy Tudor appointed as Managing Director 

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