• Build a substantial but focused prospect inventory within its present areas in Victoria for target drilling and to look for further exploration opportunities.
• Develop the full potential of MIN 5412 as a competitive, low impact (in terms of required energy inputs) provider of construction materials for the Nagambie Bypass and other projects within Central Victoria.
• Continue to explore its existing gold tenement areas for heap-leachable oxide gold prospects on and within economic trucking distance of Nagambie MIN 5412, targeting a minimum of 100,000 to 200,000 ounces of gold at grades varying between 1 and 2 g/t gold depending on trucking distance.

The Company currently holds a 100% interest in 5 Exploration Licences and 1 Mining Licence in central Victoria, totalling over 240 km². All licences are being actively explored for gold and associated minerals utilising historical studies, field investigations and geological modelling to assist development of new structural interpretation and mineralisation concepts to highlight areas for early drilling programs.

The licence areas are divided into:

• Exploration Targets:
  Two Exploration Group Areas based on structure, lithology and mineralisation within the Melbourne Structural Gold Producing Zone.
  
  
• Development Targets:
  One Development Group Area. An area is classified as a development area if potentially economic gold mineralisation or other commercial activity has been or is in the process of being identified.

Nagambie Mining Limited Project Areas

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