Ann: Quarterly Report, page-7

Revenue is however likely increase dramatically in the coming 12 months. We can see from the Annual Report that NAGs is planning to have new Revenue Streams come into play, one of which is potential PASS Contracts worth multiple millions.

The Annual Report says:

"During the 2017/2018 financial year, Nagambie Resources is planning to:
1. Tender for the management of PASS material from MMRP ...
2. Carry out comprehensive surface IP ...
3. Carry out detailed soil sampling of the Tubbs Road etc ...
4. Carry out an Aeromagnetics surveys ...
5. Start producing aggregates for concrete manufacture ...
6. Continue selling the heap leach material “as is” ...
7. Apply for an Extractive Industries Licence to quarry and treat the sand and quartz aggregate ....

So the "holding pattern" is not a permanent; its managing frugally til planned Revenue Streams become apparent.