Smooth Sailing for Navarre Placement
Navarre Minerals has successfully raised most of the $40 million it was seeking to buy Evolution Mining’s Mt Carlton gold mine in North Queensland and a nearby prospect called Crush Creek.
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Navarre Minerals is an ASX listed, Australian-based mineral exploration company searching for gold deposits in Victoria.
Navarre Minerals goal is to create shareholder value through the discovery and development of the next generation of multi-million ounce gold deposits through our exploration successes. We believe this can be achieved by unlocking the mineral potential of central and western Victoria’s emerging and proven mineral corridors.
Navarre Minerals Objectives is to target gold mineralisation next to multi-million ounce gold deposits by:
Navarre Minerals has successfully raised most of the $40 million it was seeking to buy Evolution Mining’s Mt Carlton gold mine in North Queensland and a nearby prospect called Crush Creek.
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Evolution Mining has slimmed its mine portfolio with the proposed $90 million sale of its Mt Carlton gold mine and Crush Creek prospect in North Queensland to Navarre Minerals.
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The acquisition of the Jubilee Project is significant, as it delivers the company full control over a complementary and strategic high-grade gold exploration asset, situated 25km southwest of Ballarat.
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Plus, Canterbury holds its breath ahead of Queensland copper assays and Strandline’s big WA mineral sands project on track to secure funding from the Government’s Northern Australia Infrastructure Facility
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The Stavely Project is located in western Victoria on the Stavely tablelands, 250km west of Melbourne. The company is targeting a Cadia-style gold-copper porphyry and Lake Cowal-style gold mineralisation at the project.
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Bullion’s romp beyond the record $2000 an ounce level in Aussie dollar terms has prompted investors to take a closer look at the pantheon of ASX-listed local gold producers – despite some problems in the mid-tier that have tarnished the sector.
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Newcrest chief executive Sandeep Biswas has just taken to following Donald Trump on Twitter. The reason why is simple enough – Newcrest is Australia’s biggest gold producer and Trump’s penchant for off-the-wall daily tweets is fuelling fear-buying of the yellow metal, pushing it to three months highs.
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