22 October, 2018 – The Hon Tim Pallas MP, Treasurer & Minister for Resources Two centuries of gold mining in western Victoria is set to continue, with six companies investing in the search for copper, gold and other metals in the region, bringing jobs and a boost to local communities. Minister for Resources Tim Pallas…
Navarre Minerals Limited (ASX: NML) is an Australian-based resources company that is creating value from a portfolio of early to advanced stage gold projects in Victoria, Australia.
Navarre is searching for gold deposits in a corridor of rocks that host the Stawell (~5 million ounce) and Ararat (~1 million ounce) Goldfields. The discovery of outcropping gold mineralisation at the Irvine Gold Project is a prime focus for the Company. This project is located 15 kms south of the Stawell Gold Mine, currently on care and maintenance, which is owned by Navarre’s largest shareholder and leading Victorian gold producer, Kirkland Lake Gold Ltd.
At the high-grade Tandarra Gold Project in central Victoria, exploration work is targeting the next generation of gold deposits under shallow cover 60 kms northwest of Kirkland Lake’s Fosterville Gold Mine. Under a farm-out agreement, Catalyst Metals Limited is earning a 51% equity interest in Tandarra by spending $3 million over four years by advancing the project towards mineral resource status.