NAG 0.00% 1.1¢ nagambie resources limited

The following is taken from the December 2015 quarterly report....

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    The following is taken from the December 2015 quarterly report. NAG are aware of their obligations under the agreement with the DOD and have made provisions to accommodate the testing facility. An aerial photograph of the proposed causeway can be seen on page 8 of the report.


    DOD UETF Leased Area
    In October 2014, the Company leased the far eastern end of the East Pit (refer Figure 5) to the Australian Department of Defence (DOD) under a 20-year agreement at $150,000 per year plus uncapped CPI. DOD are in the process of constructing an Underwater Explosives Testing Facility (UETF) on the site.

    When “hard” PASS is dozed into the East Pit at truck tipping area 3, the floating dredge will use the material to construct a causeway under the water to commence sealing off the DOD UETF leased area. This causeway, roughly following the old alignment of the Avenel-Murchison Road, will be completed and raised at least 1.0 metre above the water level by the floating dredge distributing non-sulphidic gravel from an underwater stockpile at the bottom of the old surface ramp at truck tipping area 3.

    Cheers
    GLB​
    Last edited by Get lost bear: 06/08/16
 
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