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Habe mir erlaubt ein paar auszüge aus der neue von 08.11.2010 Präsentation vorzustellen :-))) 2010 GOLD SYMPOSIUM PRESENTATION DIVERSE PORTFOLIO OFWESTERN AUSTRALIANMINING ASSETS BRONZEWING GOLD PROJECT  Commissioned April 2010  11,409oz gold produced in June 2010 quarter  18,608oz gold produced in September 2010 quarter  Budgeted 101,000oz gold production for 2010/2011  Starting 5 year open pit mine plan of 9.27Mt @ 1.8g/t Au = 490,000oz recovered gold Introduction Bronzewing Leonora Cummins Range Conclusion EXPLORATION – CURRENT PROGRAMS Eagle Prospect  Has emerged over past year  Nuggets discovered November 2009  Follow up soil sampling identifies 5km long anomaly  Completed 4,000m first pass air core drill program on 27 October 2010  Assays currently being received  Small RC drill program to follow up on 9m @ 4.8g/t Au Introduction Bronzewing Leonora Cummins Range Conclusion EXPLORATION – CURRENT PROGRAMS Spectacular Shallow Drill Results at Eagle  4m @ 66.58g/t Au from a depth of 28m, including 1m @ 257.94g/t Au from 29m  Extensive supporting QAQC confirms reported grades  100m north of highest soil sample of 1.95g/t Au Introduction Bronzewing Leonora Cummins Range Conclusion LEONORA GOLD PROJECT Introduction Bronzewing Leonora Conclusion  745,000oz Au Resource*  Successful ore mining and milling trial from February to July 2010 saw 7,223oz gold production and A$2.12 million positive cashflow  Test viability of low capital, low unit operating cost project based on Cardinia supergene deposit to produce 30,000 – 40,000oz gold per annum  Shortlisted plant construction companies  Tender documents have been circulated, responses by mid December 2010 CUMMINS RANGE RARE EARTH PROJECT Introduction Bronzewing Leonora Cummins Range Conclusion  JORC mineral Resource of 72,000t REO* with phosphate and uranium  Project valuation report completed  Exploration upside exists  NAV announced intention to spin asset out into a new rare earth public float – NAV shareholder in-specie distribution and entitlement; details to be advised soon NAVIGATOR – REALISING SHAREHOLDER VALUE FROM ITS DIVERSE PORTFOLIO OF WESTERN AUSTRALIAN MINING ASSETS Cummins Range (Rare Earths)  Bronzewing  Producing gold  Exploration testing highest ranked targets  Increase mine life to 10 years  Leonora  Potential second producing gold mine  Low capital, low operating cost  30,000-40,000oz gold per annum  Cummins Range  Public listing to maximise shareholder value and future leverage
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