NAG 10.5% 1.7¢ nagambie resources limited

I think any positive announcement will get the old NAG galloping...

  1. 55,970 Posts.
    lightbulb Created with Sketch. 1082
    I think any positive announcement will get the old NAG galloping with the current gold and antimony markets the way they are. I'm still hoping an offtake agreememt gets some traction in this type of climate.

    I daresay GC would present a very solid business case for any potential financier and if they can pull it off, it would be a feather in the cap of NAG management - a truly win-win outcome for both parties.

    From the GC website

    GCM Processing Plants – NJV Toll Treatment
    The proposed ore processing facility is a Zero Release Operation Facility.
    The proposed future toll treatment plant will have the capacity to process 300,000 tonnes of ore per annum using proven Carbon in Leach (CIL) technology to extract gold and silver.
    The waste rock (tailings) will be stored in geotextile tubes (geo-tubes) and dry-stacked in a tailings storage facility that eliminates the risks associated with traditional storage of tailings in large dams. The facility will operate 24 hours a day.

    NAGAMBIE JOINT VENTURE (NJV)

    Under the NJV, GCM will fund, construct and operate the processing plant for the first 7 years after which Nagambie Resources Limited (NAG:ASX) will be granted a 50% interest with GCM retained as the ongoing manager and operator of NJV.

    Direct economic investment and job creation (24+ positions in Nagambie and 44+ positions in Central Victoria).

    First time use of INCO cyanide detoxification and geo-tube tailings storage technologies in Victoria.

    Creation of a new industrial precinct in Nagambie utilising best practice technologies.

    Utilisation and repurposing of pre-existing disturbed mining site at Nagambie.

    Development of Mineralised Ore Bioleaching (MOB) for gold recovery and tailings dump rehabilitation.
 
watchlist Created with Sketch. Add NAG (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.