From the DGR SPP document.....
Navaho Gold (ASX:NVG) has a current market capitalisation of approximately $5.5 million at 2.7 cents per share.
DGR holds 57 million shares in Navaho Gold, representing approximately 28% of the company and approximately
$1.5 million in current market value. Navaho Gold’s flagship project is held within subsidiary NavGas. NavGas has secured a shale gas project in the Flinders Ranges in South Australia covering 50,000km2 of petroleum exploration
licence applications. NavGas is targeting conventional and unconventional gas plays in a region with historic gas
flows in the 1990’s. The tenements are in close proximity to the Moomba to Adelaide gas pipeline and Moomba to
Port Bonython liquids pipeline. The company is completing an independent appraisal of the gas resource potential
of the project.
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