Re: Short Term Trading Week starting: 13th Mar

STTCOMP NAG, FA Long
MC: 24m
SP: 6.6c

Quarry / PASS / Gold

Nagambie Resources is now set to benefit from multiple significant income streams.

Quarrying
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NAG has taken over all quarrying operations at the Nagambie Mine following expiry of the three-year contractor agreement on 24 December 2016. The Company has already commenced shipping gravel under a contract with the Strathbogie Shire and is currently tendering for another significant contract.

A new crushing and screening plant is now operational and is capable of processing over 3,000 tonnes per day.

A newly completed, state-of-the-art, computer-controlled weighbridge is also now operational and I observed all of these in operation during a recent escorted site visit with the Executive Chairman.

The Company has overburden and tailings dumps containing 10+ million tonnes of material suitable for road base, gravel and sand which can now be progressively stockpiled and sold at good profit margins.

PASS
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The Company is well positioned to benefit from the fully funded and approved $10.9 billion Melbourne Metro Rail Project which will commence in 2017.

It is believed that the Company has the only suitable site with the developed, environmentally-compliant capacity to dispose of the millions of tonnes of PASS material that are required to be excavated as part of the project.

Nagambie has recently submitted a fully-conforming tender for the early works stage of this project, with the successful tenderer to be announced in Q2 2017 and work to commence shortly thereafter.

A second major project, The Western Distributor Road Project is also planned to commence in CY2018 and will have similar requirements.

PASS is a waste product that needs to be stored with no contact with air. NAG have two old open cut mines filled with water and a capacity of over 6 million tonnes just waiting for the PASS to be disposed of. EPA have approved the site

Gold
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The Company recently completed an extensive aeromagnetic survey over 550 sq km of the Nagambie Resources exploration tenements in the Nagambie region. Sixteen high potential structural intersections have been identified for immediate investigation with the hope of proving resources to the spectacular standard of the nearby Fosterville Gold Mine.

Financial
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The Company has no debt, and positive cash flow. Last quarterly showed cash of over $1 million and the Company has just successfully completed a share purchase plan and small placement raising $860,000 to fund further development activities.

Am calling a bottom here with expectation of return to the 10-15c levels on release of significant announcements in coming weeks.

All IMO, DYO research.