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.

OTCPK:NGMBF - Post by User

Nagambie Resources Ltd

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Post by mdzgn2006on Mar 25, 2010 12:49pm

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Post# 16923818

Outstanding outlook for NAG

To me, the best part of today's news was:

"Currently all future mining permits have been designated to be highwall mining operations and it is expected that production will be at least 25,000 tons per property per month."

Based on say only 3 properties, we could be looking at close to a million tons of production per year.

NAG's advisory board has not been idle.

By the way, this morning the 3 most active stocks on the Venture along with NAG, were all coal miners.

Best of luck to all NAG shareholders.

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