NAVIGATOR RESOURCES LIMITED
Low Capex/Opex Start Up Shaping Leonora Gold Project
NAV - Leonora Gold Project Update - Mr Tom Sanders, Managing Director
Thu, 18 Sep 2008 11:00AM
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Mr Tom Sanders
Thu, 18 Sep 2008
11:00AM Australia/NSW
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NAVIGATOR RESOURCES LIMITED (NAV)
ASX code: NAV
Website: http://www.navigatorresources.com.au/
Industry: Materials
Principal Activities:
Platinum and gold explorer.
Address:
, 34 Kings Park Road, Unit 1,
WEST PERTH
WA
Phone: (08) 9226 5311
Fax: (08) 9226 5411
Executives & Directors
Dr Allan Trench , Executive Chairman
Mr David Hatch , Managing Director
Mr Gordon Galt , Non Exec. Director
Mr Matt Healy , Non Exec. Director
Mr Ian Macpherson , Non Exec. Director, CFO
Mr John Shipp , Non Exec. Director
Mr Trevor Cook , Chief Op. Officer
Mr Ian Macpherson , Company Secretary
Company Podcasts
Company ASX Announcements
Company ASX announcements can be viewed on the ASX website.
Announcements from the preceding six months are shown below.
Please refer to the relevant stock exchange if any of the above information is incorrect
NAVIGATOR RESOURCES LIMITED (NAV) Events
| Company (Stock Code) | Date/Time | Event |
Timezone: Australia/NSW |
|---|---|---|---|
|
Mon, 30 Mar 2009 03:20PM |
NAV - Positive Pre-Feasibility Result for Leonora Gold Project - Mr Tom Sanders, Managing Director |
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Thu, 18 Sep 2008 11:00AM |
NAV - Leonora Gold Project Update - Mr Tom Sanders, Managing Director |
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Thu, 17 Apr 2008 10:15AM |
NAV - High Grade Results - Mr Tom Sanders, Managing Director |
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Mon, 14 Apr 2008 02:00PM |
Australia's Shining Conference - Navigator Resources - Mr Tom Sanders, Managing Director |
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Thu, 3 Apr 2008 02:45PM |
NAV - 2008 Paydirt Gold Conference Presentation - Mr Tom Sanders, MD |
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Thu, 13 Mar 2008 09:00AM |
NAV - Preliminary Cummins Range Resource - Mr Tom Sanders, MD |
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Wed, 23 Jan 2008 09:45AM |
NAV - Gold Processing Plant Option Triggers Feasibility - Mr Tom Sanders, MD |
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Thu, 13 Dec 2007 12:50PM |
NAV - Placement of Shares to Institutional Investors - Mr Tom Sanders, MD |
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Fri, 9 Nov 2007 11:30AM |
NAV - Results at Leonora and Rare Earth-Uranium Discovery - Mr Tom Sanders, MD |
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Tue, 22 May 2007 02:30PM |
NAV - 2007 Paydirt Gold Conference Presentation - Mr Tom Sanders, MD |
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Thu, 3 Aug 2006 02:00PM |
NAV - Fourth Quarter Activities Report - Mr Tom Sanders, MD |
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| Wed, 25 Feb 2009 11:00PM |
Interim Results | ||
| Tue, 25 Nov 2008 05:00PM 07:00AM Australia/WA |
Annual General Meeting The Celtic Club, 48 Ord Street, West Perth, WA
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| Mon, 26 Nov 2007 02:00PM |
Annual General Meeting The University Club of Western Australia, UWA Campus, Hackett Enterance 1, Hacket Drive Crawley WA 6009
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| Wed, 14 Mar 2007 11:00PM |
Interim Results | ||
| Thu, 23 Nov 2006 02:00PM |
Annual General Meeting 34 Kings Park Road West Perth WA
|
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| Tue, 14 Mar 2006 11:00PM |
Interim Results | ||
| Thu, 24 Nov 2005 02:00PM 04:00AM Australia/WA |
Annual General Meeting | ||
NAVIGATOR RESOURCES LIMITED (NAV)
| Notice of Extraordinary General Meeting | Wed, 24 Jun 2009 |
| Share Purchase Plan and Appendix 3B | Tue, 23 Jun 2009 |
| Share Purchase Plan | Wed, 17 Jun 2009 |
| Section 708A Notice | Wed, 17 Jun 2009 |
| Appendix 3B | Fri, 12 Jun 2009 |
| Executive Team Consolidated with CFO Appointment | Thu, 11 Jun 2009 |
| Bronzewing Pre-emption Hurdle Removed | Tue, 9 Jun 2009 |
| Revised SPP Closing Date | Tue, 9 Jun 2009 |
| Trading Halt | Fri, 5 Jun 2009 |
| Share Purchase Plan | Wed, 27 May 2009 |
Please note: This company appears on this website as a result of its listing on the Australian Securities Exchange. Boardroom Radio does not claim any association with any company listed on this site.
INTERVIEW WITH TOM SANDERS, MANAGING DIRECTOR OF NAVIGATOR RESOURCES LIMITED (NAV)
“Leonora Gold Project Update”
http://www.brr.com.au/event/51593
THURSDAY, SEPTEMBER 18, 2008, 11:00 AM.
BRR Good morning and welcome to Boardroom Radio. Today, we’re speaking with Mr. Thomas Sanders, Managing Director of Navigator Resources Limited.
10 Thanks for joining us today, Tom.
NAV Thank you, Eddie.
BRR Tom, Navigator Resources has been focusing on the Cardinia area of its Leonora gold project recently. We’ve seen you’ve released some results
15 today in regards to this project, what are some of the highlights been?
NAV The Cardinia area in question is in the southern portion of our 35-kilometre long Mertondale-Cardinia belt. It’s been our main focus for the last six months. Yesterday, we announced the results of our first metallurgical test work from Cardinia, and that’s returned excellent cyanide leach recoveries of
20 up to 97% within 48 hours and acceptable lime and cyanide consumption levels. Importantly, we are getting good recoveries from both coarse and fine material prior to grinding, and this means that it’s likely that we can treat the ore at Cardinia without the need for conventional front-end crushing and milling circuit due to the softness of the material. This would minimize
25 potential equipment delivery difficulties associated with the project start-up, and this will have a big impact on the start-up capital requirement and the operating costs, especially power which is becoming more and more important these days. As a result, we’ve commenced discussions with a number of process plant design and supply engineers to identify the best low
30 Capex and Opex process route while we confirm the metallurgical consistency throughout the 2 kilometres of the Cardinia gold system.
BRR Now, Tom, the metallurgy and extraction are key aspects of the process, what have you learned about this project from the results?
35 NAV What differentiates Cardinia from many other gold projects is that the ores are soft and near surface and that translates to cheap mining by not having to use drilling blast and also was a result of a low waste-to-ore ratio. In the last two months, we’ve reported some very high-grade intersections within 5 metres to 20 metres below surface and grade always works wonders on
40 operating costs. If you combine that with the low-cost processing options under review, you have the makings of a highly profitable low-risk operation that can really kick-start our long-term development. The potential to get by without a ball mill also removes a mill-constrained throughput bottleneck. In other words, it appears we can get the throughput and operating costs
45 without the big upfront Capex. Resource and mining studies are still in progress, but my expectation is that we will get at least 2 to 3 million tonnes of this type of ore from Cardinia based on existing resource estimates, and that’s prior to moving on to our other deposits. So I expect that that would maybe give us 2 to 3 years at Cardinia.
BRR Just lastly Tom, what can we expect from the Cardinia area and the Leonora project moving forward?
NAV Cardinia is now the focus for a low Capex and Opex start-up of the Leonora
5 Project. My personal view is that while we are generating cash at Cardinia, we will continue to extend the already substantial resource inventory at Mertondale, and can then operate the Cardinia plant with the ball mill and crushing circuit when appropriate to see the project through to completion. A review of the potential of the Leonora Project is underway and some long
10 strike length and shallow targets are holding together. To me this is likely to translate to further cheap tonnes and solid profitability. Navigator’s PFS, our Pre-Feasibility Study is anticipated in mid-October of this year and with the production target of late 2009. Other feasibility studies including geotechnical, environmental and groundwater studies are already in progress and will
15 assist us in advancing the project quickly once we’ve finalized the best development strategy through the PFS. Getting capital expenditure and operating costs to a reasonable level is the best way to manage project risk and to generate returns for shareholders. Usually, there is an inverse relationship between capital and operating costs. In other words, you have to
20 spend a lot of upfront money to get your operating costs down through economies of scale. But I think Cardinia is going to be an exception to this rule, and we will still have the ability to generate -- to have significant throughput. I think the Cardinia start-up scenario will kick off our long-term gold project, which is unusual these days despite the solid gold price in
25 Aussie dollar terms.
BRR Tom, certainly, some encouraging news coming out of the Leonora Project there. We thank you for your time today and look forward to speaking to you soon.
30 NAV Thank you, Eddie.
BRR That was Tom Sanders, Managing Director of Navigator Resources Limited. And if you have any questions about this broadcast or any other broadcast, please feel free to contact us on brr@brr.com.au. I’m Eddie (Soddy), and
35 thank you for listening to Boardroom Radio.
INTERVIEW CONCLUDED
Contact brr@brr.com.au for more information
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