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navarre minerals ltd (NML) Details

Navarre Minerals Limited engages in the exploration of mineral properties in Australia. It primarily explores for copper, gold, and silver, as well as volcanic massive sulphide deposits. The company owns 100% interests in the Stawell Corridor gold and Western Victoria copper projects located in western Victoria; and the Tandarra gold project in central Victoria. It also owns 100% interests in the Irvine and St Arnaud gold projects located in western Victoria. Navarre Minerals Limited was incorporated in 2007 and is based in Stawell, Australia.

Founded in 2007

navarre minerals ltd (NML) Top Compensated Officers

MD & Director
Total Annual Compensation: A$400.1K
Exploration Manager
Total Annual Compensation: A$185.2K
Company Secretary & Director
Total Annual Compensation: A$32.9K
Assistant Company Secretary & Accountant
Total Annual Compensation: A$661.4K
Compensation as of Fiscal Year 2018.
navarre minerals ltd
Navarre Minerals Limited Announces Results from Its Recently Completed Maiden Air-Core (Ac) Drilling Program At its Project in Western Victoria, Australia

Navarre Minerals Limited announced results from its recently completed maiden air-core (AC) drilling program at its 100%-owned Langi Logan Gold Project in western Victoria, Australia. Navarre completed several traverses of regional first-pass AC drilling totaling 7,298 metres across 77 holes at the Langi Logan Gold Project. Drilling was designed to test for indications of a potential high-grade gold system of similar style to the recently re-opened 4 million-ounce Magdala Gold Mine, located 40km north at Stawell. The results from the first 31 drill holes were released last quarter (ASX announcements of 30 January 2019 & 12 February 2019). The Company has now received assay results for the final 46 holes and these results reaffirm the strong potential of the Langi Logan Gold Project to host a new large-scale, high quality shear-hosted gold system similar to the nearby Magdala and Irvine gold systems. The drilling program has delivered multiple significant intersections of gold mineralisation along three surfaces of the Langi Logan basalt dome, demonstrating the potential for economic mineralisation to exist under cover within the Stawell Gold Corridor, south of the historical 1Moz Ararat Goldfield and Navarre's Irvine Gold Project. This mineralisation remains open along strike and at depth and warrants immediate follow-up. The company considers this an outstanding result given the early stage of greenfields exploration (wide-spaced first-pass drilling) and targeting through post mineralisation Tertiary basalt cover ranging from 5m to 30m in thickness. Langi Logan is the next major basalt dome prospect south of the Company's Irvine Gold Project and is one of seven basalt dome targets identified within its tenement package which extends for 60km along the Stawell Gold Corridor south of Stawell. The drilling at Langi Logan has identified extensive shallow gold mineralisation from a program that comprised 77 holes for 7,298m of AC drilling. This work was completed on a series of east ­ west drill traverses designed to test for gold mineralisation within 50m of the margins of an interpreted Cambrian basalt dome (the Langi Logan basalt dome). Based on interpretation of geophysics and sparse historical drilling, six targets were drill tested by AC drilling with an average hole depth of approximately 100m. In all, this drilling has traversed approximately the northern 40% of a potential 11km long Langi Logan basalt dome structure. This first-pass program of shallow drilling has generated significant results along three surfaces of the Langi Logan dome. The best composite gold result was 33m @ 2.9 g/t gold from 66m depth, including 11m @ 5.1 g/t gold (LLA014 ­ previously reported) from Target A and the highest grade gold result was 2m @ 19.4 g/t gold from 43m depth, including 1m @ 33.6 g/t gold (LLA031 ­ previously reported), also from Target A. Target A is located on the east flank of several Cambrian basalt lava flows located at the northern end of the Project area. The target is approximately 1.6km long and contains the widest and highest grade gold drill intersections returned from the maiden AC drilling program. The southern half of this mineralised surface remains to be drill tested where an interpreted east-west fault is believed to throw the basalt contact towards the west. An infill gravity survey is currently underway to assist in resolving the geology at this position for drill targeting.

Navarre Minerals Limited, Special/Extraordinary Shareholders Meeting, May 17, 2019

Navarre Minerals Limited, Special/Extraordinary Shareholders Meeting, May 17, 2019, at 10:30 E. Australia Standard Time. Location: RSM Australia Partners, Level 21, 55 Collins Street Melbourne Victoria Australia Agenda: To ratify prior issue of Placement Shares under Listing Rule 7.1; to ratify prior issue of Placement Shares under Listing Rule 7.1A; to approve issue of Options to Mr. G McDermott; to approve issue of Options to Mr. C Naylor; to approve issue of Options to Mr. J Dorward; to approve issue of Options to Mr. K Wilson; to approve issue of Options to Hartleys' subsidiary Zenix Nominees Pty Ltd; to approve Issue of Shares to Mr. Geoff McDermott (or his nominee); and to transact other matters.

Navarre Minerals Limited Announce Results from Its Second Phase of Air-Core Drilling at Its 100%-Owned Glenlyle Project in Western Victoria, Australia

Navarre Minerals Limited announced results from its second phase of air-core (AC) drilling at its 100%-owned Glenlyle Project (EL 5497) in western Victoria, Australia. The Glenlyle Project is located approximately 25 kilometres north of Stavely Minerals Limited's Gossan porphyry copper - gold project in the Stavely Arc Volcanic Complex, where Stavely Minerals have recently intersected bornite mineralisation, considered a strong vector for large porphyry systems. Results of the AC drilling program Navarre completed its second phase of AC drilling totalling 1,690 metres across 19 holes at the Glenlyle Project targeting extensions to epithermal-style gold and silver mineralisation intersected in Navarre's maiden 2018 drilling program. This included follow-up of the previous best intersection of 46m @ 8.1 g/t silver, including 1m @ 252.0 g/t silver, 3.1 g/t gold, 0.3% lead and 0.3% zinc at the bottom of hole in drill hole GAC030. The best drill intersection returned from Navarre's second phase of drilling is 23m @ 30.3 g/t silver, including 2m @ 245.0 g/t silver, 0.5 g/t gold, and 0.1% zinc intersected in hole GAC054 (Figure 4). On the same drill section, GAC055 intersected 47m @ 11.8 g/t silver, including 1m @ 390.0 g/t silver (highest silver grade recorded to date), 1.0 g/t gold, 0.3% lead, and 0.7% zinc. Also, on the same section, hole GAC042 recorded the highest gold result to date for the project with an assay of 1m @ 4.0 g/t gold from within a broader zone of silver mineralisation assaying 31m @ 6.1 g/t silver from 54m to the end of hole. All three drill holes ended in mineralisation and occur within a broader (approximately 150m wide) envelope of anomalous silver mineralisation, assaying between 1 g/t and 12 g/t Ag, which remains open to the east, at depth and to the north. This broad silver zone is associated with pervasive sericite - pyrite alteration and coincides with a significant induced polarisation (IP) chargeability high and a gravity low.

 

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