🕐06.12.10 - 00:54 Uhr

Navigator Resources - Record Bronzewing Production Month



ASX ANNOUNCEMENT ASX Code: NAV 6 December 2010 RECORD BRONZEWING PRODUCTION MONTH Newly established mid-tier gold producer, Navigator Resources Limited (ASX: NAV) (Navigator) is pleased to provide the following operations update regarding its Bronzewing Gold Project in Western Australia. Highlights November gold production higher than the previous record month of October 2010 7,600oz of gold produced Successive record gold production weeks in excess of 2,000oz each to end the month Record mill throughput of 211,000 tonnes of ore treated for the month Navigator is pleased to announce that further to its ASX announcement of 5 November .2010 titled "October Production Surpasses Forecasts", the Company has achieved another new gold production record of 7,600oz in the month of November. Managing Director David Hatch advised that "this is a good result for NAV on the back of our October achievement. During October whilst the Central Pit slip cleanup was occurring, we increased mill throughput by some 20% to around 2.5Mtpa to maximise gold production from the constrained working areas." He further advised that "at the end of October, ore stocks were very low and that there were limited ore blending options at the beginning of November, but this did not stop us recording our best production month since startup in April 2010." Mr Hatch further added that "the 2.5Mtpa has become the new mill throughput benchmark and this was carried through November, with ore treated totalling 211,000 tonnes for the month.

Ore stockpiles are increasing despite us achieving record mill throughput." "Although the first couple of weeks of gold production in November were lower due to limited ore blending options, weve really finished the month well, with successive record weeks in excess of 2,000oz of gold in each.

Unit costs are decreasing and were now starting to accumulate significant cash; this will be the subject of a separate, pending ASX announcement."
Please click here for the full announcement: http://www.navigatorresources.com.au/files/files/769_101206_NAVASX_Bronzewing_Update_Final.pdf For further information David Hatch Managing Director Navigator Resources Tel: (08) 9226 5311 Email: James Harris Professional Public Relations Tel: (08) 9388 0944
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 initially 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 of Western Australia.

All required mining permits and granted mining leases are in place both at Bronzewing and Leonora.

The Companys medium term objective is to target 150,000oz pa of gold production from these two open pit projects. Navigator also maintains an interest in assets in the East Kimberley region of WA, including the 100% owned Cummins Range Rare Earth Project.
ACN: 063 366 487 Ground Floor, 45 Richardson Street, West Perth WA 6005 Tel: (08) 9226 5311 Fax: (08) 9226 5411 Email: Website: www.navigatorresources.com.au
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