nice write up on gold strike, page-5

This miner ticks quite a few boxes

close to Melbourne
low extraction costs
high yield
low production set up costs

and with POG on the way north - could have a nice little divvie in the near future - now add to this the potential of a landfill site:


Advantages of a Landfill Site at the Nagambie Mine
The advantages include the following:

? The Nagambie Mine is only 120 km north east of the Melbourne CBD;
? The Western Ring Road, the Hume Freeway and the newly upgraded Goulburn Valley
Freeway provide high speed connection to within several km of the Mine, the great majority
of the travel being at 110 km/hour maximum;
? From the Nagambie turnoff to the south of Nagambie, the Nagambie Bypass means that
trucks can access the Mine on Zanelli Road without entering the Nagambie township;
NAGAMBIE MINING LIMITED
Page 8
September 2013 Quarterly Report – 29 October 2013
Landfill site looking east (closer in)
? The local access roads are all good bitumen roads, up to 100 km/hour maximum, maintained
by the Strathbogie Shire;
? The excellent road access out of Melbourne allows three round trips per day and the use of
larger, more efficient truck configurations such as B-doubles;
? The Strathbogie Shire is supportive, in principle, of the proposed landfill site, dependent on
all relevant authorities giving approval. The new business would be a good fit within the
Zanelli Road industrial area which includes various chicken farms, the Costa mushroom
mulching operation, the Nagambie sewerage farm and the various activities at the Nagambie
Mine;
? There are no nearby residences and the landfill site will not be visible at any stage from
Zanelli Road;
? Mining and treatment operations at the Nagambie Mine were conducted in the 1990s, so the
mine site generally is significantly degraded. All else being equal, a degraded site is clearly
preferable to a non-degraded site for landfill purposes from an environmental point of view.
? The Mine has excellent existing infrastructure including:
? bitumen road access to the Mine gate;
? security fencing and gating;
? good internal gravel haul roads;
? office buildings;
? potable water supply;
? toilet facilities;
? three-phase grid power; and
? telephone and internet services.
? The first landfill site selected by the Company, as with the general Mine area, has metres of
impermeable clay from surface. This clay prevents any possible groundwater contamination;
? The first landfill site is also approximately 15 metres above the groundwater table, well above
the minimum 2 metres preferred by the EPA;
? Nagambie Mining regularly monitors groundwater quality via a series of boreholes as part of
the Mining Licence conditions: these historical data provide an excellent baseline reference
of the groundwater quality and monitoring will be ongoing during the life of any landfill
operation;
NAGAMBIE MINING LIMITED
Page 9
September 2013 Quarterly Report – 29 October 2013
Impermeable surface clay that naturally lines the site
? The Mines Department have indicated that they would excise any approved landfill site from
the Mining Licence (MIN 5412), given that the EPA would monitor the landfill operation;
? The Company’s landfill design for the first site uses the existing topography such that the
expanding landfill surface would be progressively capped, topsoiled and seeded. Hence the
only un-rehabilitated portion of the landfill cell at any time would be the current working face;
? The site requires minimal preparation. The largest capital cost will be for a purpose-built,
state-of-the-art weighbridge and CCTV camera coverage; and
? A landfill site at the Nagambie Mine would help reduce the increasing pressure on landfill
capacity in the Melbourne metropolitan area.