NAGAMBIE MINING LTD - ASX: NAG

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Description

Nagambie Mining Limited is an Australian gold exploration company managed by a Board of Directors with extensive experience in resource exploration and mining.

The Board aims to maximise the returns to its shareholders from successful gold exploration, development and mining, along with utilisation of a strategically acquired mining lease (MIN 5412) with potential for production of significant amounts of construction materials while discharging its regulatory obligations and conducting the business in an ethical and responsible manner, identifying all areas of significant business risk and ensuring policies and procedures are in place to adequately manage those risks.

Nagambie has established its Head Office and Operational base in Central Victoria as the focus of the company's operations is gold mineralisation with the "Melbourne Structural Zone" and is currently working predominantly in the Heathcote - Nagambie region.

The company is concentrating its efforts in Victoria because Victoria has produced over 2,400 tonnes of gold (32 per cent of all the gold mined in Australia and 2 per cent of all the gold mined in the world) and on a yield per area basis, has produced an average of 10.8kg of gold / km2. An order of magnitude greater than any other Australian state.

The company believes that prospectivity is enhanced in Victoria as the state has been subject to very little modern exploration considering its history as a major gold producer and the western and central parts of the Melbourne Zone has been somewhat neglected by recent explorers.

Nagambies' principal objective is to build a substantial but focused gold prospect inventory within Victoria for target drilling, to look for further exploration opportunities and develop the full potential of MIN 5412 as a competitive, low impact (in terms of required energy inputs) provider of construction materials for the Nagambie Bypass and other projects within Central Victoria.

Nagambie values the community and environment in which it operates.

Nagambie acknowledges that the health, safety and welfare of its employees and the community is of paramount importance and is committed to pursue its goals through safe work practices.

Excellence in environmental performance is essential to our business success.

Mine For

gold, antimony

Location of operation(s)

Victoria

Address

648 Ballantynes Rd
NAGAMBIE, VIC, Australia

Phone

(61 3) 5794 1750

Email

Website

http://www.nagambiemining.com.au/

Last Updated

13/12/2011