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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Nagambie Resources Ltd > Interesting article from West Law Business

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Comment by hiker1on Mar 31, 2010 10:03pm

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Post# 16947053

RE: Interesting article from West Law Business

Excellent article, Steder! It was a further education as to the uses and demand for, in particular, Blue Gem coal and why it is sought after.

The Blue Gem coal is one of three coal seams in the world that are best suited for production of silicate metals and is sought after globally. As a result, it benefits from a premium price and less price volatility than other types of coal. Globe, Elk hem, DuPont and other manufactures of silicon metal are likely be targeted as buyers for Blue Gem coal.

Nag acquiring this new Blue Gem property is an exciting move for the company and its shareholders!

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