Nagambie Resources Ltd V.NAG

Primary Symbol: NGMBF

Metals & Mining Gold

Nagambie Resources Limited is an Australia-based natural resources exploration company. The principal activities of the Company include exploration for, and development of, gold, associated minerals including antimony, and construction materials in Australia, and the investigation and development of waste handling assets. The Company is focused on targeting epitherm alantimony-gold mineralized systems across 3,200 square kilometers of tenements in the Waranga Domain of the Melbourne Structural Zone, in Victoria, Australia. The Company's flagship project is the Antimony-Gold Project, which sits in proximity to the gold-antimony mines at Fosterville (Agnico Eagle) and Costerfield (Mandalay Resources). The Antimony-Gold Project is located at the 100% owned Nagambie Mine. Its Whroo Goldfields project is located approximately 130 kilometers (km) north of Melbourne. It also holds interest in Whroo Project, PASS Project, and Sand Project.

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Comment by sandymackayon Nov 01, 2009 9:24pm

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Post# 16443095

RE: Question

Jay Taylor's recent 4 page article about NAG states that NAG has chosen to use highwall techniques instead of auger mining. This would allow the company to produce up to 30,000 tons/ month. I bet he has been told that NAG started up coal lease #1 using auger mining, just to get the processing facility up and running and they will transition to highwall once everything is running smoothly. I think it was mentioned in a previous NR that highwall mining was an option for the company. That is my belief anyways for what its worth!

Good Luck,

SM

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