**UNITED STATESSECURITIES AND EXCHANGE COMMISSION****Washington, D.C. 20549****FORM 10-Q**

 [X]   QUARTERLY REPORT UNDER SECTION 13 OR 15(D) OF THESECURITIES EXCHANGE ACT OF 1934**For the quarterly period ended December31, 2010**

 [  ]   TRANSITION REPORT UNDER SECTION 13 OR 15(D) OFTHE SECURITIES EXCHANGE ACT OF 1934For the transition period from _____to _____

Commission File  Number: **000-53565**

**NAVA RESOURCES INC.**  (Exact name of registrant as specified in its charter)

| **Nevada**  (State or other jurisdiction of incorporation or  organization)                                     | **20-8530914**  (I.R.S. Employer Identification    No.) |
|-----------------------------------------------------------------------------------------------------------------|---------------------------------------------------------|
|                                                                                                            |                                                    |
| **Suite 303 - 11861 88th Avenue****Delta, British Columbia,  Canada**  (Address of principal executive offices) | **V4C 3C7**  (Zip Code)                                 |
|                                                                                                            |                                                    |
| **778-218-9638**  (Registrant's telephone number, including area code)                                          |                                                    |

Indicate by check mark whether the registrant (1) has filed all reportsrequired to be filed by Section 13 or 15(d) of the Exchange Act during the past12 months (or for such shorter period that the registrant was required to filesuch reports), and (2) has been subject to such filing requirements for thepast 90 days. Yes  [X]   No  [  ] 

Indicate by check mark whether the registrant is a large accelerated filer,an accelerated filer, a non-accelerated filer, or a smaller reporting company.See the definitions of "large accelerated filer," "acceleratedfiler," "non-accelerated filer," and "smaller reportingcompany" in Rule 12b-2 of the Exchange Act.

----

| Large accelerated filer [  ]                                                        | Accelerated  filer  [  ]   |
|----------------------------------------------------------------------------------------------------|------------------------------------------------|
| Non-accelerated filer [  ]  (Do not check if a smaller reporting company) | Smaller reporting company  [X]  |

Indicate by check mark whether the registrant is  a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes  [  ]   No  [X] 

State the number of shares outstanding of each of the issuer's classes of  common equity, as of the latest practicable date: **12,313,604****shares of common stock as of January    19, 2011.**

----

**NAVA RESOURCES INC.**

**Quarterly Report On Form 10-Q  For The Quarterly Period Ended  December 31, 2010**

INDEX

| PART 1 - FINANCIAL INFORMATION                                                                                                                | 5      |
|-----------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                          |   |
|    Item 1.   Financial Statements                                                                               | 5      |
|                                                                                                                                          |   |
|    Item 2.   Management's Discussion and  Analysis of Financial Condition and Results   of Operations | 6      |
|                                                                                                                                          |   |
|    Item 3.   Quantitative and Qualitative  Disclosures About Market Risk                                        | 19     |
|                                                                                                                                          |   |
|    Item 4.   Controls and Procedures                                                                            | 19     |
|                                                                                                                                          |   |
| PART II - OTHER INFORMATION                                                                                                                   | 20     |
|                                                                                                                                          |   |
|    Item 1.   Legal Proceedings                                                                                  | 20     |
|                                                                                                                                          |   |
|    Item 1A. Risk Factors                                                                                                  | 20     |
|                                                                                                                                          |   |
|    Item 2.   Unregistered Sales of Equity  Securities and Use of Proceeds                                       | 21     |
|                                                                                                                                          |   |
|    Item 3.   Defaults Upon Senior Securities                                                                    | 21     |
|                                                                                                                                          |   |
|    Item 4.   Submission of Matters to a Vote  of Securities Holders                                             | 21     |
|                                                                                                                                          |   |
|    Item 5.   Other Information                                                                                  | 21     |
|                                                                                                                                          |   |
|    Item 6.   Exhibits                                                                                           | 21     |

3

----

**FORWARD-LOOKING STATEMENTS**

ThisQuarterly Report on Form 10-Q contains forward-looking information.Forward-looking information includes statements relating to future actions,prospective products, future performance or results of current or anticipatedproducts, sales and marketing efforts, costs and expenses, interest rates,outcome of contingencies, financial condition, results of operations,liquidity, business strategies, cost savings, objectives of management of theCompany and other matters.  The Private Securities Litigation Reform Act of1995 provides a “safe harbor” for forward-looking information in order toencourage companies to provide prospective information about themselves withoutfear of litigation, so long as that information is identified asforward-looking and is accompanied by meaningful cautionary statementsidentifying important factors that could cause actual results to differmaterially from those projected in the information. Forward-looking informationmay be included in this Quarterly Report on Form 10-Q or may beincorporated by reference from other documents filed with the Securities andExchange Commission by the Company. You can find many of these statements bylooking for words including, for example, “believes,” “expects,” “anticipates,”“estimates” or similar expressions in this Quarterly Report on Form 10-Qor in documents incorporated by reference in this Quarterly Report onForm 10-Q.  Except as otherwise required by applicable law, the Companyundertakes no obligation to publicly update or revise any forward-lookingstatements, whether as a result of new information or future events.

            The Company has basedthe forward-looking statements relating to the Company’s operations onmanagement’s current expectations, estimates and projections about the Companyand the industry in which it operates. These statements are not guarantees offuture performance and involve risks, uncertainties and assumptions that wecannot predict. In particular, we have based many of these forward-lookingstatements on assumptions about future events that may prove to be inaccurate.Accordingly, the Company’s actual results may differ materially from thosecontemplated by these forward-looking statements. Any differences could resultfrom a variety of factors, including, but not limited to the following: 

|   | • |   | strategies, outlook and growth prospects; |
|--------|---------|--------|-------------------------------------------|

|   | • |   | future plans and potential for future growth; |
|--------|---------|--------|-----------------------------------------------|

|   | • |   | liquidity, capital resources and capital expenditures; |
|--------|---------|--------|--------------------------------------------------------|

|   | • |   | growth in demand for our products; |
|--------|---------|--------|------------------------------------|

|   | • |   | economic outlook and industry trends; |
|--------|---------|--------|---------------------------------------|

|   | • |   | developments of our markets; |
|--------|---------|--------|------------------------------|

|   | • |   | the impact of regulatory initiatives; and |
|--------|---------|--------|-------------------------------------------|

|   | • |   | the strength of our competitors |
|--------|---------|--------|---------------------------------|

4

----

**PART I - FINANCIAL INFORMATION**

**Item 1. Financial Statements**

The following unaudited interim financial statements of Nava ResourcesInc.(sometimes referred to as "we", "us" or "ourCompany") are included in this quarterly report on Form 10-Q:

**NAVA RESOURCES, INC.**(An Exploration StageCompany)December31, 2010

Index

| Interim Consolidated Balance  Sheets                        | F–1            |
|-------------------------------------------------------------|----------------------|
|                                                        |                 |
| Interim ConsolidatedStatements of Operations                | F–2            |
|                                                        |                 |
| Interim ConsolidatedStatements of Cash Flows                | F–3            |
|                                                        |                 |
| Interim ConsolidatedStatement of Stockholders’ Equity | F–4            |
|                                                        |                 |
| Notes to the Interim ConsolidatedFinancial Statements       | F–5- F–7 |

5

----

**NAVA RESOURCES, INC.**  (AnExploration Stage Company) INTERIM CONSOLIDATED BALANCE SHEETS 

|                                                                                                                     |   | December 31,  2010  (Unaudited) |   |   | June 30,  2010 |   |
|--------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------|--------|--------|----------------|--------|
|                                                                                                                     |   |                            |   |   |           |   |
| **ASSETS**                                                                                                               |   |                            |   |   |           |   |
|                                                                                                                     |   |                            |   |   |           |   |
| **Current**                                                                                                              |   |                            |   |   |           |   |
|       Cash and cash equivalents                                                                 | $      | 73,428                          |   | $      | 89,581         |   |
| ** ****Equipment**                                                                                                  |   | 156                             |   |   | 199            |   |
|                                                                                                                     |   |                            |   |   |           |   |
| **TOTAL ASSETS**                                                                                                         | $      | 73,584                          |   | $      | 89,780         |   |
|                                                                                                                     |   |                            |   |   |           |   |
|                                                                                                                     |   |                            |   |   |           |   |
| **LIABILITIES**                                                                                                          |   |                            |   |   |           |   |
|                                                                                                                     |   |                            |   |   |           |   |
| **Current**                                                                                                              |   |                            |   |   |           |   |
|       Accounts payable and accrued liabilities                                                  | $      | 9,029                           |   | $      | 13,751         |   |
|       Due to related party                                                                      |   | 920                             |   |   | 920            |   |
|                                                                                                                     |   |                            |   |   |           |   |
| **Total current liabilities**                                                                                            |   | 9,949                           |   |   | 14,671         |   |
|                                                                                                                     |   |                            |   |   |           |   |
| **Going concern contingency** (Note 1)                                                                                   |   |                            |   |   |           |   |
|                                                                                                                     |   |                            |   |   |           |   |
| **STOCKHOLDERS’ EQUITY**                                                                                           |   |                            |   |   |           |   |
|       Common stock                                                                              |   |                            |   |   |           |   |
|       400,000,000 common shares authorized,  $0.00001 par value                                 |   |                            |   |   |           |   |
|       12,313,604 common shares issued and  outstanding (June 30, 2010 –  12,263,604) |   | 123                             |   |   | 123            |   |
|       Additional paid-in capital                                                                |   | 234,677                         |   |   | 190,794        |   |
|       Deficit accumulated during the exploration  stage                                         |   | (171,165                        | )      |   | (115,808       | )      |
|                                                                                                                     |   |                            |   |   |           |   |
| **Total stockholders’ equity**                                                                                     |   | 63,635                          |   |   | 75,109         |   |
|                                                                                                                     |   |                            |   |   |           |   |
| **TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY**                                                                     | $      | 73,584                          |   | $      | 89,780         |   |
|                                                                                                                     |   |                            |   |   |           |   |

The accompanying notes are an integral part of theseinterim consolidated financial statements.

F-1

----

**NAVA RESOURCES, INC.**(AnExploration Stage Company)INTERIM CONSOLIDATED STATEMENTS OF OPERATIONS

|                                                                                |   |       Three months  ended  December 31,  2010  (Unaudited) |   |   |       Three months  ended  December 31,  2009  (Unaudited) |   |   |       Six months  ended  December 31,   2010  (Unaudited) |   |   |       Six months  ended  December 31,   2009    (Unaudited) |   |   | Accumulated  from July 21,  2005 (date of   inception)  to  December  31, 2010    (Unaudited) |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------|--------|--------|----------------------------------------------------------------------|--------|--------|---------------------------------------------------------------------|--------|--------|-----------------------------------------------------------------------|--------|--------|----------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                                                                 |   |   |                                                                 |   |   |                                                                |   |   |                                                                  |   |   |                                                                                               |   |
| **EXPENSES**                                                                                                                                                                                                                                                                                                                                                                                                             |   |  ** **                                                     |   |   |  ** **                                                     |   |   |  ** **                                                    |   |   |  ** **                                                      |   |   |  ** **                                                                                   |   |
|       Accounting – stock based compensation                                                                                                                                                                                                                                                                                                                                               | $      | 3,933                                                                |   | $      | -                                                                    |   | $      | 3,933                                                               |   | $      | -                                                                     |   | $      | 3,933                                                                                              |   |
|       Amortization                                                                                                                                                                                                                                                                                                                                                                              |   | 20                                                                   |   |   | 33                                                                   |   |   | 43                                                                  |   |   | 69                                                                    |   |   | 1,161                                                                                              |   |
|       Consulting                                                                                                                                                                                                                                                                                                                                                                                |   | -                                                                    |   |   | -                                                                    |   |   | -                                                                   |   |   | -                                                                     |   |   | 16,000                                                                                             |   |
|       Consulting – stock based compensation                                                                                                                                                                                                                                                                                                                                               |   | -                                                                    |   |   | 1,399                                                                |   |   | 39,450                                                              |   |   | 1,399                                                                 |   |   | 42,248                                                                                             |   |
|       Exploration costs                                                                                                                                                                                                                                                                                                                                                                         |   | 4,571                                                                |   |   | -                                                                    |   |   | 4,571                                                               |   |   | -                                                                     |   |   | 16,597                                                                                             |   |
|       Office and miscellaneous                                                                                                                                                                                                                                                                                                                                                                  |   | 73                                                                   |   |   | 59                                                                   |   |   | 163                                                                 |   |   | 696                                                                   |   |   | 8,281                                                                                              |   |
|       Professional fees                                                                                                                                                                                                                                                                                                                                                                         |   | 3,788                                                                |   |   | 5,012                                                                |   |   | 8,217                                                               |   |   | 7,840                                                                 |   |   | 92,057                                                                                             |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                                                                 |   |   |                                                                 |   |   |                                                                |   |   |                                                                  |   |   |                                                                                               |   |
| **Operating loss**                                                                                                                                                                                                                                                                                                                                                                                                       |   | (12,385                                                              | )      |   | (6,503                                                               | )      |   | (56,377                                                             | )      |   | (10,004                                                               | )      |   | (180,277                                                                                           | )      |
|                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                                                                 |   |   |                                                                 |   |   |                                                                |   |   |                                                                  |   |   |                                                                                               |   |
| **Other items**                                                                                                                                                                                                                                                                                                                                                                                                          |   |                                                                 |   |   |                                                                 |   |   |                                                                |   |   |                                                                  |   |   |                                                                                               |   |
|       Cost recovery                                                                                                                                                                                                                                                                                                                                                                             |   | -                                                                    |   |   | -                                                                    |   |   | 1,000                                                               |   |   | -                                                                     |   |   | 1,000                                                                                              |   |
|       Interest income                                                                                                                                                                                                                                                                                                                                                                           |   | 10                                                                   |   |   | 16                                                                   |   |   | 20                                                                  |   |   | 69                                                                    |   |   | 8,112                                                                                              |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                     |   | 10                                                                   |   |   | 16                                                                   |   |   | 1,020                                                               |   |   | 69                                                                    |   |   | 9,112                                                                                              |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                                                                 |   |   |                                                                 |   |   |                                                                |   |   |                                                                  |   |   |                                                                                               |   |
| **NET AND COMPREHENSIVE LOSS**                                                                                                                                                                                                                                                                                                                                                                                           | $      | (12,375                                                              | )      | $      | (6,487                                                               | )      | $      | (55,357                                                             | )      | $      | (9,935                                                                | )      | $      | (171,165                                                                                           | )      |
|                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                                                                 |   |   |                                                                 |   |   |                                                                |   |   |                                                                  |   |   |                                                                                               |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                                                                 |   |   |                                                                 |   |   |                                                                |   |   |                                                                  |   |   |                                                                                               |   |
| **BASIC AND DILUTED LOSS PER SHARE**                                                                                                                                                                                                                                                                                                                                                                                     | $      | (0.00                                                                | )      | $      | (0.00                                                                | )      | $      | (0.00                                                               | )      | $      | (0.00                                                                 | )      |   |                                                                                               |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                                                                 |   |   |                                                                 |   |   |                                                                |   |   |                                                                  |   |   |                                                                                               |   |
| **WEIGHTED  AVERAGE NUMBER OF SHARES OUTSTANDING: **** **                                                                                                                                                                                                                                                                                                                                                      |   |                                                                 |   |   |                                                                 |   |   |                                                                |   |   |                                                                  |   |   |                                                                                               |   |
| **BASIC AND  DILUTED                    **                                                                                                                                                                                                                                                                           |   | 12,305,995                                                           |   |   | 12,238,604                                                           |   |   | 12,291,608                                                          |   |   | 12,232,354                                                            |   |   |                                                                                               |   |

The accompanying notes are an integral part of theseinterim consolidated financial statements.

F-2

----

**NAVA RESOURCES, INC.**(AnExploration Stage Company)INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS

|                                                                                            |   |       Six months  ended  December 31,  2010    (Unaudited) |   |   |       Six months  ended  December 31,   2009  (Unaudited) |   |   | Accumulated   from July 21,   2005 (date of   inception)  to   December 31,   2010       (Unaudited)     |   |
|-----------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------|--------|--------|---------------------------------------------------------------------|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                      |   |                                                                 |   |   |                                                                |   |   |                                                                                                                                        |   |
| **CASH FLOWS FROM OPERATING ACTIVITIES**                                                                  |   |                                                                 |   |   |                                                                |   |   |                                                                                                                                        |   |
|       Net loss                                                                   | $      | (55,357                                                              | )      | $      | (9,935                                                              | )      | $      | (171,165                                                                                                                                    | )      |
|       Non-cash operating item:                                                   |   |                                                                 |   |   |                                                                |   |   |                                                                                                                                        |   |
|             Amortization                                |   | 43                                                                   |   |   | 69                                                                  |   |   | 1,161                                                                                                                                       |   |
|             Accounting – stock based compensation |   | 3,933                                                                |   |   | -                                                                   |   |   | 3,933                                                                                                                                       |   |
|             Consulting – stock based compensation |   | 39,450                                                               |   |   | 1,399                                                               |   |   | 42,248                                                                                                                                      |   |
|                                                                                                      |   |                                                                 |   |   |                                                                |   |   |                                                                                                                                        |   |
|       Changes in non-cash working capital item:                                  |   |                                                                 |   |   |                                                                |   |   |                                                                                                                                        |   |
|           Accounts payable and accrued liabilities           |   | (4,722                                                               | )      |   | (4,578                                                              | )      |   | 9,029                                                                                                                                       |   |
|                                                                                                      |   |                                                                 |   |   |                                                                |   |   |                                                                                                                                        |   |
|       Net cash used in operating activities                            |   | (16,653                                                              | )      |   | (13,045                                                             | )      |   | (114,794                                                                                                                                    | )      |
|                                                                                                      |   |                                                                 |   |   |                                                                |   |   |                                                                                                                                        |   |
| **CASH FLOWS FROM INVESTING ACTIVITIES**                                                                  |   |                                                                 |   |   |                                                                |   |   |                                                                                                                                        |   |
|       Acquisition of equipment                                                   |   | -                                                                    |   |   | -                                                                   |   |   | (1,318                                                                                                                                      | )      |
|                                                                                                      |   |                                                                 |   |   |                                                                |   |   |                                                                                                                                        |   |
|       Net cash used in investing activities                                      |   | -                                                                    |   |   | -                                                                   |   |   | (1,318                                                                                                                                      | )      |
|                                                                                                      |   |                                                                 |   |   |                                                                |   |   |                                                                                                                                        |   |
| **CASH FLOWS FROM FINANCING ACTIVITIES**                                                                  |   |                                                                 |   |   |                                                                |   |   |                                                                                                                                        |   |
|       Issuance of capital stock                                                  |   | 500                                                                  |   |   | 250                                                                 |   |   | 188,620                                                                                                                                     |   |
|       Due to (from) related party                                                |   | -                                                                    |   |   | -                                                                   |   |   | 920                                                                                                                                         |   |
|                                                                                                      |   |                                                                 |   |   |                                                                |   |   |                                                                                                                                        |   |
|       Net cash provided by financing activities                                  |   | 500                                                                  |   |   | 250                                                                 |   |   | 189,540                                                                                                                                     |   |
| ** **                                                                                                |   |                                                                 |   |   |                                                                |   |   |                                                                                                                                        |   |
| **Change in cash and cash equivalents**                                                                   |   | (16,153                                                              | )      |   | (12,795                                                             | )      |   | 73,428                                                                                                                                      |   |
| ** **                                                                                                |   |                                                                 |   |   |                                                                |   |   |                                                                                                                                        |   |
| **Cash and cash equivalents, beginning**                                                                  |   | 89,581                                                               |   |   | 108,629                                                             |   |   | -                                                                                                                                           |   |
| ** **                                                                                                |   |                                                                 |   |   |                                                                |   |   |                                                                                                                                        |   |
| **Cash and cash equivalents, ending**                                                                     | $      | 73,428                                                               |   | $      | 95,834                                                              |   | $      | 73,428                                                                                                                                      |   |

Cash and cash equivalents composed of:

| Cash on deposit | $      | 1,596  |   | $      | 4,041  |   | $      | 1,596  |   |
|-----------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
| Term deposit    |   | 71,832 |   |   | 91,793 |   |   | 71,832 |   |
|            |   |   |   |   |   |   |   |   |   |
|            | $      | 73,428 |   | $      | 95,834 |   | $      | 73,428 |   |

Supplemental disclosures with respect to cash flows:

| Cash paid during  the period for: |   |   |   |   |   |   |   |   |   |
|-----------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
|                              |   |   |   |   |   |   |   |   |   |
| Interest                          | $      | -      |   | $      | -      |   | $      | -      |   |
| Income taxes                      | $      | -      |   | $      | -      |   | $      | -      |   |

The accompanying notes are an integral part of theseinterim consolidated financial statements.

F-3

----

**NAVA RESOURCES, INC.**  (AnExploration Stage Company)INTERIM CONSOLIDATED STATEMENTS OF STOCKHOLDERS’EQUITY

|                                                                                                         |   |    Common  shares –  number |   |   | Common  shares –     paid-in  capital |   |   |    Additional  paid-in    capital |   |   |    Subscriptions  received in   advance |   |   | Deficit  accumulated  during the  exploration stage |   |   |          Total |   |
|--------------------------------------------------------------------------------------------------------------|--------|----------------------------------------|--------|--------|--------------------------------------------------|--------|--------|----------------------------------------|--------|--------|----------------------------------------------|--------|--------|-----------------------------------------------------|--------|--------|-------------------------------|--------|
|                                                                                                         |   |                                   |   |   |                                             |   |   |                                   |   |   |                                         |   |   |                                                |   |   |                          |   |
| July 21, 2005 (inception)                                                                                    |   | -                                      |   | $      | -                                                |   | $      | -                                      |   | $      | -                                            |   | $      | -                                                   |   | $      | -                             |   |
| July 21, 2005                                                                                                |   |                                   |   |   |                                             |   |   |                                   |   |   |                                         |   |   |                                                |   |   |                          |   |
|  Issuance of capital stock ($0.001/share)                                                               |   | 200,000                                |   |   | 2                                                |   |   | 198                                    |   |   | -                                            |   |   | -                                                   |   |   | 200                           |   |
| June 30, 2006                                                                                                |   |                                   |   |   |                                             |   |   |                                   |   |   |                                         |   |   |                                                |   |   |                          |   |
|  Subscriptions received                                                                                 |   | -                                      |   |   | -                                                |   |   | -                                      |   |   | 14,000                                       |   |   | -                                                   |   |   | 14,000                        |   |
| Net loss                                                                                                     |   | -                                      |   |   | -                                                |   |   | -                                      |   |   | -                                            |   |   | (1,750                                              | )      |   | (1,750                        | )      |
|                                                                                                         |   |                                   |   |   |                                             |   |   |                                   |   |   |                                         |   |   |                                                |   |   |                          |   |
| Balance, June 30, 2006                                                                                       |   | 200,000                                |   |   | 2                                                |   |   | 198                                    |   |   | 14,000                                       |   |   | (1,750                                              | )      |   | 12,450                        |   |
|                                                                                                         |   |                                   |   |   |                                             |   |   |                                   |   |   |                                         |   |   |                                                |   |   |                          |   |
| March 1, 2007                                                                                                |   |                                   |   |   |                                             |   |   |                                   |   |   |                                         |   |   |                                                |   |   |                          |   |
|   Issuance of capital stock        ($0.00001/share)                       |   | 39,800,000                             |   |   | 398                                              |   |   | -                                      |   |   | -                                            |   |   | -                                                   |   |   | 398                           |   |
| March 4, 2007                                                                                                |   |                                   |   |   |                                             |   |   |                                   |   |   |                                         |   |   |                                                |   |   |                          |   |
|   Cancellation of common stock            ($0.00001/share)           |   | (18,000,000                            | )      |   | (180                                             | )      |   | -                                      |   |   | -                                            |   |   | -                                                   |   |   | (180                          | )      |
| March 20, 2007                                                                                               |   | -                                      |   |   | -                                                |   |   | -                                      |   |   | -                                            |   |   | -                                                   |   |   |                          |   |
|  Issuance of capital stock  ($0.15/share)                                                               |   | 874,104                                |   |   | 9                                                |   |   | 131,107                                |   |   | (14,000                                      | )      |   | -                                                   |   |   | 117,116                       |   |
| April 18, 2007                                                                                               |   |                                   |   |   |                                             |   |   |                                   |   |   |                                         |   |   |                                                |   |   |                          |   |
|   Cancellation of common stock            ($0.00001/share) |   | (11,000,000                            | )      |   | (110                                             | )      |   | -                                      |   |   | -                                            |   |   | -                                                   |   |   | (110                          | )      |
| June 1, 2007                                                                                                 |   |                                   |   |   |                                             |   |   |                                   |   |   |                                         |   |   |                                                |   |   |                          |   |
|  Issuance of capital stock  ($0.16/share)                                                               |   | 352,000                                |   |   | 4                                                |   |   | 56,316                                 |   |   | -                                            |   |   | -                                                   |   |   | 56,320                        |   |
| Net loss                                                                                                     |   | -                                      |   |   | -                                                |   |   | -                                      |   |   | -                                            |   |   | (16,103                                             | )      |   | (16,103                       | )      |
|                                                                                                         |   |                                   |   |   |                                             |   |   |                                   |   |   |                                         |   |   |                                                |   |   |                          |   |
| Balance, June 30, 2007                                                                                       |   | 12,226,104                             |   |   | 123                                              |   |   | 187,621                                |   |   | -                                            |   |   | (17,853                                             | )      |   | 169,891                       |   |
|                                                                                                         |   |                                   |   |   |                                             |   |   |                                   |   |   |                                         |   |   |                                                |   |   |                          |   |
| Net loss                                                                                                     |   | -                                      |   |   | -                                                |   |   | -                                      |   |   | -                                            |   |   | (42,281                                             | )      |   | (42,281                       | )      |
|                                                                                                         |   |                                   |   |   |                                             |   |   |                                   |   |   |                                         |   |   |                                                |   |   |                          |   |
| Balance, June 30, 2008                                                                                       |   | 12,226,104                             |   |   | 123                                              |   |   | 187,621                                |   |   | -                                            |   |   | (60,134                                             | )      |   | 127,610                       |   |
|                                                                                                         |   |                                   |   |   |                                             |   |   |                                   |   |   |                                         |   |   |                                                |   |   |                          |   |
| Net loss                                                                                                     |   | -                                      |   |   | -                                                |   |   | -                                      |   |   | -                                            |   |   | (30,388                                             | )      |   | (30,388                       | )      |
|                                                                                                         |   |                                   |   |   |                                             |   |   |                                   |   |   |                                         |   |   |                                                |   |   |                          |   |
| Balance, June 30, 2009                                                                                       |   | 12,226,104                             |   |   | 123                                              |   |   | 187,621                                |   |   | -                                            |   |   | (90,522                                             | )      |   | 97,222                        |   |
|                                                                                                         |   |                                   |   |   |                                             |   |   |                                   |   |   |                                         |   |   |                                                |   |   |                          |   |
| November 29, 2009                                                                                            |   |                                   |   |   |                                             |   |   |                                   |   |   |                                         |   |   |                                                |   |   |                          |   |
|   Issuance of capital stock ($0.01/share)      and stock based compensation         |   | 37,500                                 |   |   | -                                                |   |   | 3,173                                  |   |   | -                                            |   |   | -                                                   |   |   | 3,173                         |   |
| Net loss                                                                                                     |   | -                                      |   |   | -                                                |   |   | -                                      |   |   | -                                            |   |   | (25,286                                             | )      |   | (25,286                       | )      |
|                                                                                                         |   |                                   |   |   |                                             |   |   |                                   |   |   |                                         |   |   |                                                |   |   |                          |   |
| Balance, June 30, 2010                                                                                       |   | 12,263,604                             |   |   | 123                                              |   |   | 190,794                                |   |   | -                                            |   |   | (115,808                                            | )      |   | 75,109                        |   |
|                                                                                                         |   |                                   |   |   |                                             |   |   |                                   |   |   |                                         |   |   |                                                |   |   |                          |   |
| July 7, 2010                                                                                                 |   |                                   |   |   |                                             |   |   |                                   |   |   |                                         |   |   |                                                |   |   |                          |   |
|   Issuance of capital stock ($0.01/share)                                                               |   | 25,000                                 |   |   | -                                                |   |   | 250                                    |   |   | -                                            |   |   | -                                                   |   |   | 250                           |   |
| December 3, 2010                                                                                             |   |                                   |   |   |                                             |   |   |                                   |   |   |                                         |   |   |                                                |   |   |                          |   |
|   Issuance of capital stock ($0.01/share)                                                               |   | 25,000                                 |   |   | -                                                |   |   | 250                                    |   |   | -                                            |   |   | -                                                   |   |   | 250                           |   |
| Stock based compensation                                                                                     |   | -                                      |   |   | -                                                |   |   | 43,383                                 |   |   | -                                            |   |   | -                                                   |   |   | 43,383                        |   |
| Net loss                                                                                                     |   | -                                      |   |   | -                                                |   |   | -                                      |   |   | -                                            |   |   | (55,357                                             | )      |   | (55,357                       | )      |
|                                                                                                         |   |                                   |   |   |                                             |   |   |                                   |   |   |                                         |   |   |                                                |   |   |                          |   |
| Balance, December 31, 2010                                                                                   |   | 12,313,604                             |   | $      | 123                                              |   | $      | 234,677                                |   | $      | -                                            |   | $      | (171,165                                            | )      | $      | 63,635                        |   |

The accompanying notes are an integral part of theseinterim consolidated financial statements.

F-4

----

**NAVA RESOURCES, INC.**  (AnExploration Stage Company)    NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS    DECEMBER 31, 2010

| **1.** | **NATURE AND CONTINUANCE OF OPERATIONS**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|   | Nava Resources Inc.      (the "Company") was incorporated on July 21, 2005 under the laws of      the state of Nevada. The Company’s wholly owned subsidiary, Nava Resources,      Canada Inc. (“Nava Resources, Canada”), was incorporated in Canada on August 9, 2005. The Company      is an Exploration Stage Company. The Company’s principal business is the      acquisition and exploration of mineral properties. The Company has not yet      determined whether its properties contain mineral reserves that are      economically recoverable.

Going Concern

These        consolidated financial statements have been prepared on a going concern basis,        which implies the Company will continue to realize its assets and discharge its        liabilities in the normal course of business. The Company has not generated        revenues since inception and has not paid any dividends and is unlikely to pay        dividends or generate earnings in the immediate or foreseeable future. The        continuation of the Company as a going concern is dependent upon the continued        financial support from its shareholders, the ability of the Company to obtain        necessary equity financing to continue operations and to determine the        existence, discovery and successful exploitation of economically recoverable        reserves in its resource properties, confirmation of the Company interest in        the underlying properties, and the attainment of profitable operations. As at        December 31, 2010, the Company has accumulated losses of $171,165 since        inception. These consolidated financial statements do not include any        adjustments to the recoverability and classification of recorded asset amounts        and classification of liabilities that might be necessary should the Company be        unable to continue as a going concern. 

Management of the Company has undertaken steps as part        of a plan with the goal of sustaining Company operations for the next twelve        months and beyond. These steps include: (a) continuing efforts to raise        additional capital and/or other forms of financing; and (b) controlling        overhead and expenses. There can be no assurance that any of these efforts will    be successful. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| **2.** | **BASIS OF PRESENTATION**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|   | These interim financial statements have been prepared      in accordance with U.S. generally accepted accounting principles for financial      information and with the instructions to Form 10-Q and Item 310(b) of      Regulation S. In the opinion of management, all adjustments (consisting of      normal recurring accruals) considered necessary for a fair presentation have      been included.  Operating results for the six months ended December 31, 2010      are not necessarily indicative of the results that may be expected for any      interim period or an entire year. The Company applies the same accounting      policies and methods in its interim financial statements as those in the most      recent audited annual financial statements, except as discussed in Note 3    below.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| **3.** | **RECENTLY ADOPTED ACCOUNTINGPRONOUNCEMENTS**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|   | Statement of Financial Accounting Standards (“SFAS”)      No. 166 (ASC Topic 810), “Accounting for Transfers of Financial Assets—an Amendment      of FASB Statement No. 140”, SFAS No. 167 (ASC Topic 810), “Amendments to FASB      Interpretation No. 46(R)”, and SFAS No. 168 (ASC Topic 105), “The FASB      Accounting Standards Codification and the Hierarchy of Generally Accepted      Accounting Principles—a replacement of FASB Statement No. 162” were recently      issued. SFAS No. 166, 167, and 168 have no current applicability to the Company    or their effect on the financial statements would not have been significant.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |

F-5

----

**NAVA RESOURCES, INC.**  (An  Exploration Stage Company)   NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS   DECEMBER 31, 2010 

| ****3.****   | ****RECENTLY ADOPTED ACCOUNTINGPRONOUNCEMENTS (cont’d)****                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|--------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|         | Accounting Standards Update (“ASU”) ASU No. 2009-05      (ASC Topic 820), which amends Fair Value Measurements and Disclosures –      Overall, ASU No. 2009-13 (ASC Topic 605), Multiple-Deliverable Revenue      Arrangements,  ASU No. 2009-14 (ASC Topic 985), Certain Revenue Arrangements      that include Software Elements, and various other ASU’s No. 2009-2 through ASU      No. 2010-13 which contain technical corrections to existing guidance or affect      guidance to specialized industries or entities were recently issued. These      updates have no current applicability to the Company or their effect on the    financial statements would not have been significant.          |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| **4.**       | **MINERAL PROPERTY INTEREST**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|         | On      August 28, 2007, the Company’s President acquired certain mineral claims (the  “Property”) located in the Victoria mining division of the Province of British      Columbia, Canada at a cost of $255.  On November 22, 2007, the President      transferred the Property to Nava Resources Canada and was reimbursed by the      Company. During the period ended December 31, 2010, the Company paid costs    amounting to $4,571.                                                                                                                                                                                                                                                                    |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| **5.**       | **RELATED PARTY TRANSACTIONS**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|         | During      the period ended December 31, 2010, the Company paid exploration costs $4,571      to two directors of the Company.

All        related party transactions are in the normal course of business and are        measured at the exchange amount, which is the amount of consideration        established and agreed to by the related parties.

The        amount due to related parties was due to a director and officer and a former        director of the Company. This amount is unsecured, does not bear interest and    has no fixed terms of repayment.                                                                                                                                                            |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| **6. ** | **CAPITAL STOCK**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|         | The Company is authorized      to issue up to 400,000,000 shares of common stock, with a par value of      $0.00001.

On July        7, 2010, the Company issued 25,000 common shares at a price of $0.01 for        proceeds of $250 for exercise of stock options.

On        December 3, 2010, the Company issued 25,000 common shares at a price of $0.01    for proceeds of $250 for exercise of stock options.                                                                                                                                                                                                                                                                                                                   |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| **7.**       | **STOCK OPTIONS**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|         | Stock Options

The        Company has adopted a Stock Incentive Plan (the “Plan”). The essential elements        of the Plan provide that the total number of shares of stock reserved and        available for distribution under the plan shall be 10,000,000 shares of common        stock of the Company. The Options granted under the Plan shall have a maximum        term of five years. 

During        the current period, the Company granted 250,000 stock options to its director        at an exercise price of $0.01, expiring August 31, 2015.

During        the current period, the Company granted 25,000 stock options to its consultant    at an exercise price of $0.01, expiring November 30, 2015. |

F-6

----

**NAVA RESOURCES, INC.**  (An  Exploration Stage Company)    NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS    DECEMBER 31, 2010

| **7.** | **STOCK OPTIONS (cont’d)**                                                                                                                                                    |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                |
|   | The fair value of the options granted during theperiod was estimated at the grant date using the Black-Scholes option pricingmodel with the following weighted average assumptions: |

| Expected annual volatility         |   | 160.73% |   |
|------------------------------------|--------|---------|--------|
| Risk free interest rate            |   | 1.34%   |   |
| Expected life                      |   | 5 years |   |
| Expected dividend yield            |   | 0%      |   |
| Exercise price                     | $      | 0.01    |   |
| Closing price on the date of grant | $      | 0.16    |   |

|   | The fair value of the stock options granted and vested      during the period is $43,383. 

The Company has the following stock options    outstanding: |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------|

| Expiry  Date      |   | Exercise   Price |   |   | Number  of Options  Outstanding |   |   | Number of options   Exercisable |   |
|-------------------|--------|------------------|--------|--------|---------------------------------|--------|--------|---------------------------------|--------|
|              |   |             |   |   |                            |   |   |                            |   |
| November 17, 2014 | $      | 0.01             |   |   | 25,000                          |   |   | -                               |   |
| November 28, 2014 | $      | 0.01             |   |   | 12,500                          |   |   | 12,500                          |   |
| August 31, 2015   | $      | 0.01             |   |   | 250,000                         |   |   | 250,000                         |   |
| November 30, 2015 | $      | 0.01             |   |   | 25,000                          |   |   | 25,000                          |   |
|              |   |             |   |   | 312,500                         |   |   | 287,500                         |   |

|   | A summary of the status of the Company’s stock optionsas of December 31, 2010 and changes during the period are as follows: |
|--------|-----------------------------------------------------------------------------------------------------------------------------------|

|                                         |   | Shares  |   |   | Weighted average exercise price |   |
|----------------------------------------------|--------|---------|--------|--------|---------------------------------|--------|
| Options outstanding, June 30, 2010           |   | 87,500  |   | $      | 0.01                            |   |
| Granted                                      |   | 275,000 |   |   | 0.01                            |   |
| Exercised                                    |   | (50,000 | )      |   | (0.01                           | )      |
|  Options outstanding, December 31, 2010 |   | 312,500 |   | $      | 0.01                            |   |

| **8. ** | **SUBSEQUENT EVENT**                                                                                                          |
|--------------|-------------------------------------------------------------------------------------------------------------------------------|
|         |                                                                                                                          |
|         | TheCompany has evaluated subsequent events according to ASC Topic 855 and hasdetermined that there are no events to disclose. |

F-7

----

**Item 2. Management's Discussion and Analysis of Financial Condition andResults of Operations**

The following discussion of our financial condition, changes in financialcondition and results of operations for the six months ended December 31, 2010and 2009 should be read in conjunction with our unaudited interim financialstatements and related notes for the six months ended December 31, 2010 and 2009.Thefollowing discussion contains forward-looking statements that involve risks,uncertainties and assumptions. Our actual results may differ materially fromthose anticipated in these forward-looking statements as a result of manyfactors, including, but not limited to, those set forth below under the heading"Risk Factors".

**Overview of our Business**

We are an exploration stage company formed for the purposesof acquiring, exploring and, if warranted and feasible, developing naturalresource properties. 

***Organization***

On July 21, 2005, the Company was incorporated under thelaws of the State of Nevada for the purpose of conducting mineral explorationactivities. We were authorized to issue 400,000,000 shares of common stock, parvalue $.001 per share, and initially issued 100,000 shares of common stock toeach of Jag Sandhu, our President, Chief Executive Officer and a director, andJohnny Astorino, our Chief Financial Officer. Said issuances were paid at apurchase price of the par value per share. Our wholly owned subsidiary, NavaResources Canada Inc. (“Nava Canada”), was organized under the Federal laws of Canada on August 9, 2005.

On January 4, 2007, the Company obtained written consentfrom the shareholders to amend our Articles of Incorporation to change the parvalue of our common stock from $0.001 to $0.00001 per share. On February 28,2007, the Board of Directors of the Company amended the Articles ofIncorporation changing the par value of the Company’s common stock. 

In March 2007 we issued 19,900,000 shares to each ofMessrs. Sandhu and Astorino in consideration for the payment of par value pershare. Mr. Astorino subsequently returned 18,000,000 shares to the Company’streasury for cancellation.

On March 20, 2007, we accepted subscriptions for 874,104shares of our common stock from 37 investors. The shares of common stock weresold at a purchase price of $0.15 per share, amounting in the aggregate to$131,116. The offering was made to non-U.S. persons in offshore transactionspursuant to the exemption from registration provided by Regulation S of theSecurities Act of 1933, as amended (the “Securities Act”).

On April 18, 2007, Mr. Sandhu returned an aggregate of10,000,000 shares and Mr. Astorino returned an aggregate of 1,000,000 shares ofcommon stock to the Company’s treasury for cancellation.

6

----

On June 1, 2007, we accepted subscriptions for 352,000units from 10 investors. The units were sold at a purchase price of $0.16 perunit, amounting in the aggregate to $56,320. Each unit was comprised of oneshare of our common stock and one warrant. Each warrant entitles the warrantholder to purchase one share of common stock at an exercise price of $0.20 pershare. Each warrant expired unexercised on June 1, 2009. The offering was madeto non-U.S. persons in offshore transactions pursuant to the exemption fromregistration provided by Regulation S of the Securities Act.

On November 29, 2009 we issued 37,500 shares at $0.01 forexercise of stock options.

On July 7, 2010 we issued 25,000 shares at $0.01 forexercise of stock options

On December 3, 2010 we issued 25,000 shares at $0.01 forexercise of stock options

ExploratoryActivities

In July 2005 we commenced our mineral explorationactivities. On October 10, 2006, the Company entered into an agreement with JagSandhu, our President, Chief Executive Officer and Director, pursuant to whichthe Company obtained an option to acquire a 100% interest in and to the mineralclaim located in Lillooett Mining Division called the Noel Creek Claim.  On October 2, 2007, the option expired due to the Company notmaking the required payments as per the option agreement. 

On August 28, 2007, Mr. Jag Sandhu, our President and ChiefExecutive Officer and a director, acquired two claims for a 637.39 hectare(approximately 1575.03 acres) mineral concession on Vancouver Island, in the Province of British Columbia, Canada through British Columbia’s online staking service. Thesemineral claims are known as the North 1 and North 2 Claims. On November 22,2007, Mr. Sandhu transferred the claims to Nava Canada using British Columbia’sMineral Title Online web site. We intend to conduct exploratory activities withrespect to the claims, and if viable mineral deposits are discovered, developand extract such minerals. In addition, as funding permits, we may acquireadditional properties of interest and either abandon our existing properties orenter into agreements to sell all or a portion of those properties.  

In October 2007, we engaged a professional miningengineering service and consulting firm, MineStart Management Inc.(“MineStart”), to review the geologic premise and information upon which theclaim was staked, and to provide a technical report as to its merit as anexploration prospect, including recommendations on appropriate next steps. The report on the claims, entitled “North 1 and 2 Project – A VMSInvestigation” and dated December 7, 2007, describes the mineral claim(tenures, location and access) and the regional, local and property geology. Italso includes relevant information on targeted deposit types andmineralization, and recommendations with associated budgets, regarding theinitial strategy that should be followed in exploring the claim. 

We performed an exploration program on the North 1 and North 2 Claims in August 2008.   This program involved a review ofproperty geology based on government compilations, acquisition of relevant airphoto coverage and a visit to the property by Jag Sandhu and Don Blackadar. The purpose of this visit was to become familiar with the general layout of theproperty and related road access, and to prospect and collect rock samples inreadily accessible areas. Work was concentrated in the South West corner of theNorth 2 claim which was accessible just off of the highway, with foot accessvia an overgrown secondary road leading into the claim. 

7

----

The North Claim is primarily underlain by felsic tointermediate volcanic and volcaniclastic rocks of the middle to upper DevonianSicker Group (McLaughlin Ridge Formation), which is prospective for Kuroko-typemassive sulphide deposits rich in copper, lead, zinc, gold and silver.  Outcropexposure in the area prospected was minimal due to overburden cover of boldertill with hardpan noted in some rock cuts. A total of 30 rock samples weretaken for multi-element geochemical analysis.  These samples were primarilyfloat but several samples may have been from small outcrops visible in the roadcut.  All samples were of intermediate composition (andesite), ranging fromfine to medium grained, and relatively massive in texture (weekly foliated insome cases), possibly representing intermediate tuffs with some intrusiveequivalents. Samples were sent to Acme Labs in Vancouver, crushed to200  mesh, and processed by Aqua Regia digestion CCP-MS analysis.  Gold wasalso determined by fire assay fusion by ICP-ES. No significant anomalies wereidentified in the pathfinder suite.  However, the first three samplesdemonstrate a weakly anomalous Cu-Pb-Zn-Ag-As-Ba signature, which may be ofinterest.

On October 24, 2010 we allowed onNorth claim to expire in order to concentrate on our Molly1 claim.

The Molly1 claimwas staked by Nava Resources Canada Ltd. on October 20, 2010.  The claim comprises 20 contiguous units totaling 424.96 hectares.

The claim is located in theCowichan Lake area, Vancouver Island, British Columbia, about 30 kilometerswest of the city of Duncan and about 5 kilometers northwest of the town of LakeCowichan.  It is accessible via the Meade Lake forestry road from Highway 18,which extends along the north shore of Lake Cowichan from Duncan. The claim isabout four kms east and along geologic strike from the North claim.

Molly1 isunderlain by the McLaughlin Ridge Formation, which is the uppermost member ofthe Devonian Age Sicker Group.  The Sicker assemblage comprises threesuccessive volcanic formations that are believed to represent an oceanicmagmatic arc.  The lower two members consist predominantly of mafic volcanics. Rocks of the McLaughlin Ridge Formation are more felsic in composition, withsome intermediate assemblages and are thought to represent a more advancedstage of arc development.  These rocks are related to major magmatic / volcaniccenters, one of which is located in the Duncan / Saltspring Island area.   The Sicker Group is exposed in four major structural uplifts in the south halfof Vancouver Island: 1) the Buttle Lake Uplift west of Courtenay, 2) the BedingfieldUplift near Tofino, 3) the Nanoose Uplift north of Nanaimo, and 4) the CowichanLake Uplift, substantially the largest of the four, which extends in andarcuate belt between Saltspring Island and Port Alberni, a distance of over 100km.

8

----

The Sicker Groupis considered to be highly prospective for Volcanogenic Massive Sulphide (VMS)deposits.   Definite or potential VMS deposits have been identified withinthree of the four structural uplifts.   Most known occurrences are Kuroko typedeposits, which are rich in copper, lead and zinc, with important amounts ofgold and silver.  These deposits are hosted by felsic volcanic orvolcaniclastic rocks of the McLaughlin Ridge Formation or its equivalent, theMyra Formation in the Buttle Lake area.  Important Kuroko-type deposits includethe Myra Falls mine in the Buttle Lake Uplift, and several deposits (e.g. Mount Sicker, Lara) at the southest end of the Cowichan Lake Uplift near Crofton (northeastof Molly1).

The Myra Falls deposit, located at the southeast end of Buttle Lake, has been in productionsince 1966.  To the end of 2005, the deposit yielded 24 million Tonnes grading1.8% copper, 5.0% zinc, 2 g/T gold and 52 g/T silver.  Mineral reserves at December 31, 2009 were 18.5 million Tonnes grading 6.7% zinc.  Deposits in the Croftonarea are proximal to a major felsic volcanic center.  The Mount Sicker deposits (Tyee, Lenora and Richard III) were mined from 1898 to 1909 and again between1942 and 1952 as the Twin J.  The Lara deposit, discovered in the mid-1980s,remains sub-economic, but has significant demonstrated potential (drillindicated resource of 528,839 Tonnes grading 1.01% copper, 1.22% lead, 5.87%zinc, 100.09 g/T silver and 4.74 g/T gold).

Molly1 lies in apanel of Sicker Group rocks, which is parallel to but separate from theassemblage that contains the Sicker and Lara deposits.  While no VMS depositshave been discovered in this panel in the Cowichan Lake area and vicinity ofthe claim, the area is dominated by Sicker volcanics and contains a significantnumber of documented mineral showings.  Many of these showings are instructurally-controlled epigenetic vein systems and some include significantgold and silver values. Significantly, in terms of VMS potential, some showingshave a polymetallic signature that is representative of Kuroko-type deposits. 

McLaughlin Ridgerocks in the Cowichan Lake area are described on government geological maps asthickly-bedded tuffite and lithic tuffite, feldspar-crystal tuff, lapilli tuff,rhyolite, dacite, laminated tuff and chert.  On the Molly1 claim, theassemblage is well-exposed in a logging road cut over a distance of about 1km.  This assemblage consists predominantly of bedded tuffites, which arelocally siliceous and cherty.  A total of 46 grab samples have been takenacross strike in this area and will be analyzed geochemically for amulti-element suite (37 elements) in order to accrue a foundation ofgeochemical data, and to test for the presence of copper, lead, zinc, silver,gold, barium and arsenic values which are potential indications of Kuroko-typeenvironments.

Historyand Geological Setting

Vancouver Island is dominated byrocks of the Wrangellia Terrane, which is interpreted to represent a PaleozoicIsland Arc assemblage, accreted to the North American content about 100 millionyears ago.  Mid-Devonian volcanic rocks of the Sicker Group, representingthe basement of this complex, are the oldest rocks on Vancouver Island and areexposed in four major structural uplifts – Buttle Lake, Beddington, Nanoose,and Cowichan Lake.  The Molly1 Claim lies toward the southeast end of theCowichan Lake Uplift, along the north shore of the east end of Cowichan Lake. In the Cowichan Lake Uplift, the Sicker comprises three distinct volcanic/ volcaniclastic assemblages – the Duck Lake Formation as the oldest member andoverlain by the Nitnat Formation, which in turn is overlain, possiblyunconformably, by the McLaughlin Ridge Formation. 

Volcanic rocks of the Sicker Group are highly prospectivefor economically viable volcanogenic massive sulphide (VMS) deposits, which arethe primary exploration target on the Molly1 Claim.  As a group, thesedeposits are rich in copper and zinc and also carry significant gold and silvervalues. 

9

----

The most significant mineral deposit in the Sicker Group isthe Myra Falls mine, a world class deposit located in the Buttle Lake Uplift.Other significant deposits, notably the Lara and Mount Sicker deposits, arelocated in the southeast part of the Cowichan Lake uplift, several kilometersnortheast of the Molly1 Claim and separated from the property by a majorgeologic fault.

Massivesulphide mineralization was first discovered in the Sicker Group with the Mount Sicker discoveries in the late 1800s.  Production was from one main ore body viathree separate underground mines (Tyee, Lenora and Richard III), which operatedfor several years. These mines were subsequently amalgamated and re-operated asthe Twin J mine from 1942 to 1952.  Production from the Tyee mine (1901 – 09)totaled 5,840,593 kilograms copper and 13,725,069 grams silver, and 762,553grams gold from 152,668 tonnes mined.  The Buttle Lake mine, which hasbeen in operation since 1966, currently produces approximately 1 milliontonnesof ore per year.  Over the 39 years to 2005, the mine yielded 24 million tonneswith an average grade of 1.8% copper, 5.0% zinc, 2g/T gold and 52g/T silver.The Lara deposit, discovered in the mid-1980s, contains a drill indicatedresource of 528,839 tonnes grading 1.01% copper, 1.22% lead, 5.87% zinc, 100.09g/T sliver and 4.73 g/T gold. 

Discoveryof the Lara deposit and ongoing interest in the nearby Mount Sicker deposits,all of which are hosted in felsic volcanic rocks of the McLaughlin Ridgeformation, stimulated significant interest and exploration activity in theCowichan uplift during the mid-to late 1980s.  During this period theStriker Property, comprising 31 contiguous mineral claims (528 units) andextending along virtually the entire north shore of Cowichan Lake, was exploredby Utah Mines.  This property is underlain predominantly by the SickerGroup, with Nitnat rocks dominant in the western part of the property andMcLaughlin Ridge sediments and volcanics dominant in the east.  Work onthis property is documented in a number of BC government assessment reports,from which the following descriptions are derived.  McLaughlin Ridgerocks, as mapped, divide grossly into 3 units, dominated by diverse sedimentarylithologies with volcanic members, particularly lower in the sequence. Volcanic rocks are described as interbedded lithic and crystal tuff,cherty dust tuff, chert and minor lapilli tuff.  The lower unit consistsof fine-grained andesitic lithic crystal tuffs and cherty tuffs with localcoarse lapilli beds and dacitic tuff units.  

Exploration on the Striker property included airbornegeophysics, with ground follow-ups and grid work in selected areas in theeastern part of the property because of the distribution of geophysical andgeochemical targets. While massive sulphides were not encountered, encouragingmineralization of various types was noted, including exhalative horizons, whichoccasionally contain anomalous molybdenum, copper and silver.  Significantbarium, silver, molybdenum and zinc values are also associated withsyndepositional pyrite in argillite units and significantgold-silver-copper-zinc values are associated with several structures. Anomalous silt and heavy metal values (copper-lead-zinc-silver-gold) werealso identified.  The latest assessment report on the Striker propertyrecommended further, more detailed work in the eastern part of the propertyincluding detailed mapping, sampling, trenching and limited drilling.  TheMolly1 Property occupies a portion of the eastern half of the old Striker property.

The Cowichan Lake area generally, has been the subject of mineral exploration since the late1800s and a large number and variety of mineral showings in the area aredocumented in B.C. government Minfile records.  Massey and Friday (1986)grouped Cowichan area mineral showings into five categories:

10

----

       1.  Volcanogenicgold-bearing massive sulphides (Sicker Group Kuroko deposits).

       2.  Gold-bearing,pyrite-chalcopyrite-quart-carbonate veins along shears, which are quite commoncutting Sicker Group and Karmutsen Formation sills north of Cowichan Lake.

       3.  Epithermalgold-silver deposits within Bonanza Group volcanics.

       4.  Copper skarnsdeveloped in limy sediments apparently interbedded with basalts of theKarmutsen formation.

       5. Copper-molybdenum quarts veins in granodiorite and adjacent country rock onseveral properties.  Chalcopyrite and pyrite, with or without molybdeniteare the principle sulphides and minor sphalerite, galena and arsenopyrite arealso reported.

Propertyand Claim Position

The Molly1 claim was staked by NavaResources Canada Ltd. on October 20, 2010.  The claim comprises 20 contiguousunits totaling 424.96 hectares. The Molly1 propertyis in the Victoria mining division of British Columbia and lies on the northshore of Cowhichan lake in southern Vancouver Island about 30km west of thetown of Duncan and 10km west of the town of Lake Cowichan. (See location mapbelow.)

11

----

12

----

**Geology Northof Cowichan Lake Including Molly1 Property**

13

----

**Conditionsto Retain Title to the Claims**

The mineral titles are subject to annual renewal andgovernment permits for specific field work.  The claims are valid untiltheir next anniversary date of October 20, 2011.  They can be renewedindefinitely by performance and recording of assessment work as defined in theMineral Act (B.C.) or by payment of cash in lieu of work.  Work or cashpayment of the equivalent of CAN$4.00 per hectare or approximately CAN$1,700for each of the first, second and third anniversary years, and the equivalentof CAN$8.00 per hectare for each subsequent anniversary year is required.Contiguous claims may be grouped for purposes of applying the value of workfrom the site of work to other claims. Failure to perform and record validexploration work or pay the equivalent sum to the Province of British Columbia on the anniversary dates will result in forfeiture of title to the claim.

**PresentCondition of the Claims**

The Claim was staked on October 20, 2010 by Nava ResourcesCanada Ltd.. The Claim was staked to acquire a position in the Sicker Group, asequence of volcanic rocks known to be very prospective for the occurrence ofpolymetallic volcanogenic massive sulphide deposits (VMS), commonly referred toas Kuroko type deposits.

Our objective is to conduct exploration activities on the Molly1Claim to assess whether they possess evidence of mineralization sufficient tomerit further exploration activities.  The Molly1 Claim is without knownreserves.  

**CompetitiveConditions**

The mineral exploration business is an extremelycompetitive industry. We are competing with many other exploration companieslooking for minerals.  We are a very early stage mineral explorationcompany and a very small participant in the mineral exploration business. Beinga junior mineral exploration company, we compete with other companies like oursfor financing and joint venture partners. Additionally, we compete forresources such as professional geologists, camp staff, helicopters and mineralexploration supplies. 

**GovernmentApprovals and Recommendations**

We will be required to comply with all regulations definedin the British Columbia Mineral Tenure Act for the Province of British Columbia (the “Act”). The Act sets forth rules for:

- locating claims
- posting claims
- working claims
- reporting work    performed

We also have to comply with the British Columbia MineralExploration Code which dictates how and where we can explore forminerals.  We must comply with these laws to operate our business. Compliance with these rules and regulations will not adversely affect ouroperations.  In order to explore for minerals on our mineral claim we mustsubmit our exploration plan for review.  We believe that our explorationplan as described below will be accepted and an exploration permit will beissued to our agent or us. The exploration permit is the only permit or licensewe will need to explore for precious and base minerals on the mineral claim. 

14

----

We will be required to obtain additional work permits from theBritish Columbia Ministry of Energy and Mines for any exploration work thatresults in a physical disturbance to the land.  Accordingly, we may berequired to obtain a work permit depending on the complexity and affect on theenvironment if we proceed beyond the exploration work contemplated by ourproposed exploration programs.  The time required to obtain a work permitis approximately four weeks.  We will incur the expense of our consultantsto prepare the required submissions to the Ministry of Energy and Mines. We will be required by the Mining Act to undertake remediation work on any workthat results in physical disturbance to the land.  The cost of remediationwork will vary according to the degree of physical disturbance.  No remediationwork is anticipated as a result of completion of Stage One and Stage Two of ourexploration program.

We have budgeted for regulatory compliance costs in theproposed exploration program.  As mentioned above, we will have to sustainthe cost of reclamation and environmental remediation for all exploration andother work undertaken.  The amount of reclamation and environmentalremediation costs are not known at this time as we do not know the extent ofthe exploration program that will be undertaken beyond completion of therecommended exploration program.  Because there is no information on thesize, tenor, or quality of any mineral resource at this time, it is impossibleto assess the impact of any capital expenditures on earnings or our competitiveposition in the event a potential mineral deposit is discovered.

If we enter into substantial exploration, the cost ofcomplying with permit and regulatory environment laws will be greater than inStages One and Two because the impact on the project area is greater.  Permitsand regulations will control all aspects of any program if the projectcontinues to that stage because of the potential impact on theenvironment.  We may be required to conduct an environmental reviewprocess under the British Columbia Environmental Assessment Act if we determineto proceed with a substantial project.  An environmental review is notrequired under the Environmental Assessment Act to proceed with the recommendedStage One and Two exploration programs on our Molly1 Claim.

Costsand Effects of Compliance with Environmental Laws

We currently have no costs to comply with environmentallaws concerning our exploration program.

We will have to sustain the cost of reclamation andenvironmental remediation for all work undertaken which causes sufficientsurface disturbance to necessitate reclamation work.  Both reclamation andenvironmental remediation refer to putting disturbed ground back as close toits original state as possible.  Other potential pollution or damage mustbe cleaned-up and renewed along standard guidelines outlined in the usualpermits.  Reclamation is the process of bringing the land back to anatural state after completion of exploration activities.  Environmentalremediation refers to the physical activity of taking steps to remediate, orremedy, any environmental damage caused, i.e. refilling trenches after samplingor cleaning up fuel spills.  Our initial programs do not require anyreclamation or remediation other than minor clean up and removal of supplies becauseof minimal disturbance to the ground.  The amount of these costs is notknown at this time as we do not know the extent of the exploration program wewill undertake, beyond completion of the recommended phases.  Becausethere is presently no information on the size, tenor, or quality of anyresource or reserve at this time, it is impossible to assess the impact of anycapital expenditures on our earnings or competitive position in the event apotentially economic deposit is discovered.

15

----

Employees

We currently have no employees other than our officers anddirectors. We intend to retain the services of geologists, prospectors andconsultants on a contract basis to conduct the exploration programs on ourmineral claims and to assist with regulatory compliance and preparation offinancial statements.

**Research and Development Expenditures**

We have not incurred any research or development expenditures since ourincorporation.

**Subsidiaries**

Nava Resources Canada Inc. (“Nava Canada”) is a 100% owned subsidiary ofNava Resources Inc.

**Patents and Trademarks**

  We do not own, either legally or beneficially, any patent or trademark.

**Plan of Operation**

Our plan of operation for thenext twelve months is to complete the following objectives within the timeperiods specified, subject to our obtaining any additional funding necessaryfor the continued exploration of our mineral claims. We have enough funds tocomplete our Phase One exploration program and possibly Phase Two depending onscope and costs.

1.  Since the next anniversarydate of the Claim is October 20, 2011 we will need to arrange  exploration workworth approximately $1,700 or pay the Province of British Columbia $1,700 inlieu of filing exploration expenses in order to keep the Claims in goodstanding.

2.  We commenced the Phase Oneprogram starting on October 2010. Work performed consisted of a prospectingtraverse of about 3 kilometers, on the Molly1 claim.  This represents an areaof about 80 ha, broadly prospected.  The area prospected is covered by anextensive layer of boulder till, best exposed locally along Youbou Road and instream cuts.  Outcrops in this area were located during the traverse.  A totalof 46 samples were taken for multi-element lithogeochemical analysis.  Thesesamples are from both outcrop and float.  All samples are intermediate topossibly mafic in composition, weakly to moderately foliated, and fine tomedium grained, probably representing a mix of fine pyroclastics and intrusiveequivalents.  Samples exhibited no visible signs of mineralization, veining orhydrothermal alteration.

16

----

These samples will be analyzedgeochemically for a multi-element suite (37 elements) in order to accrue afoundation of geochemical data, and to test for the presence of copper, lead,zinc, silver, gold, barium and arsenic values which are potential indicationsof Kuroko-type environments. Samples will be sent to Acme Labs in Vancouver,crushed to 200  mesh, and processed by Aqua Regia digestion CCP-MS analysis.  Resultswill be reported as they are received.

3.  We will further review thephase one results and decide if we will plan and conduct a Phase Two programbeginning in March / April 2011.  Timing of this program will to someextent be dependent on permitting requirements. This program, estimated to costfrom $25,000 to $75,000 depending on scope, may include geological mapping, ageochemical survey, trenching, sampling and analysis. 

4.  In the case that the PhaseTwo exploration program takes place, we will review its results in November 2011. Further work on the property may be undertaken if justified by theresults of Phase Two. A joint venture relationship may be explored at somefuture point as justified to offset the costs of continued exploration anddrilling if warranted.

We may consider entering into ajoint venture partnership by linking with a major resource company to providethe required funding to complete exploration beyond Phase Two. We have notundertaken any efforts to locate a joint venture partner at this point. If weenter into a joint venture arrangement, we will assign a percentage of ourinterest in our mineral claims to the joint venture partner.

6. We will also be evaluatingother opportunities that might be brought to our attention. 

**Results of Operations**

|                                                                                |   |       Three months  ended  December 31,  2010    (Unaudited) |   |   |       Three months  ended    December 31,  2009    (Unaudited) |   |   |       Six months  ended    December 31,   2010  (Unaudited) |   |   |       Six months  ended    December 31,   2009  (Unaudited) |   |   | Accumulated  from July 21,  2005 (date of   inception)  to  December 31,   2010    (Unaudited) |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------------|--------|--------|--------------------------------------------------------------------------|--------|--------|-----------------------------------------------------------------------|--------|--------|-----------------------------------------------------------------------|--------|--------|-----------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                                                                   |   |   |                                                                     |   |   |                                                                  |   |   |                                                                  |   |   |                                                                                                |   |
| **EXPENSES**                                                                                                                                                                                                                                                                                                                                                                                                             |   |  ** **                                                       |   |   |  ** **                                                         |   |   |  ** **                                                      |   |   |  ** **                                                      |   |   |  ** **                                                                                    |   |
|       Accounting – stock based compensation                                                                                                                                                                                                                                                                                                                                               | $      | 3,933                                                                  |   | $      | -                                                                        |   | $      | 3,933                                                                 |   | $      | -                                                                     |   | $      | 3,933                                                                                               |   |
|       Amortization                                                                                                                                                                                                                                                                                                                                                                              |   | 20                                                                     |   |   | 33                                                                       |   |   | 43                                                                    |   |   | 69                                                                    |   |   | 1,161                                                                                               |   |
|       Consulting                                                                                                                                                                                                                                                                                                                                                                                |   | -                                                                      |   |   | -                                                                        |   |   | -                                                                     |   |   | -                                                                     |   |   | 16,000                                                                                              |   |
|      Consulting – stock based compensation                                                                                                                                                                                                                                                                                                                                                     |   | -                                                                      |   |   | 1,399                                                                    |   |   | 39,450                                                                |   |   | 1,399                                                                 |   |   | 42,248                                                                                              |   |
|      Exploration costs                                                                                                                                                                                                                                                                                                                                                                               |   | 4,571                                                                  |   |   | -                                                                        |   |   | 4,571                                                                 |   |   | -                                                                     |   |   | 16,597                                                                                              |   |
|       Office and miscellaneous                                                                                                                                                                                                                                                                                                                                                                  |   | 73                                                                     |   |   | 59                                                                       |   |   | 163                                                                   |   |   | 696                                                                   |   |   | 8,281                                                                                               |   |
|      Professional fees                                                                                                                                                                                                                                                                                                                                                                               |   | 3,788                                                                  |   |   | 5,012                                                                    |   |   | 8,217                                                                 |   |   | 7,840                                                                 |   |   | 92,057                                                                                              |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                                                                   |   |   |                                                                     |   |   |                                                                  |   |   |                                                                  |   |   |                                                                                                |   |
| **Operating loss**                                                                                                                                                                                                                                                                                                                                                                                                       |   | (12,385                                                                | )      |   | (6,503                                                                   | )      |   | (56,377                                                               | )      |   | (10,004                                                               | )      |   | (180,277                                                                                            | )      |
|                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                                                                   |   |   |                                                                     |   |   |                                                                  |   |   |                                                                  |   |   |                                                                                                |   |
| **Other items**                                                                                                                                                                                                                                                                                                                                                                                                          |   |                                                                   |   |   |                                                                     |   |   |                                                                  |   |   |                                                                  |   |   |                                                                                                |   |
|       Cost recovery                                                                                                                                                                                                                                                                                                                                                                             |   | -                                                                      |   |   | -                                                                        |   |   | 1,000                                                                 |   |   | -                                                                     |   |   | 1,000                                                                                               |   |
|       Interest income                                                                                                                                                                                                                                                                                                                                                                           |   | 10                                                                     |   |   | 16                                                                       |   |   | 20                                                                    |   |   | 69                                                                    |   |   | 8,112                                                                                               |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                     |   | 10                                                                     |   |   | 16                                                                       |   |   | 1,020                                                                 |   |   | 69                                                                    |   |   | 9,112                                                                                               |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                                                                   |   |   |                                                                     |   |   |                                                                  |   |   |                                                                  |   |   |                                                                                                |   |
| **NET AND COMPREHENSIVE LOSS**                                                                                                                                                                                                                                                                                                                                                                                           | $      | (12,375                                                                | )      | $      | (6,487                                                                   | )      | $      | (55,357                                                               | )      | $      | (9,935                                                                | )      | $      | (171,165                                                                                            | )      |
|                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                                                                   |   |   |                                                                     |   |   |                                                                  |   |   |                                                                  |   |   |                                                                                                |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                                                                   |   |   |                                                                     |   |   |                                                                  |   |   |                                                                  |   |   |                                                                                                |   |
| **BASIC AND DILUTED LOSS PER SHARE**                                                                                                                                                                                                                                                                                                                                                                                     | $      | (0.00                                                                  | )      | $      | (0.00                                                                    | )      | $      | (0.00                                                                 | )      | $      | (0.00                                                                 | )      |   |                                                                                                |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                                                                   |   |   |                                                                     |   |   |                                                                  |   |   |                                                                  |   |   |                                                                                                |   |
| **WEIGHTED  AVERAGE NUMBER OF SHARES OUTSTANDING: **** **                                                                                                                                                                                                                                                                                                                                                      |   |                                                                   |   |   |                                                                     |   |   |                                                                  |   |   |                                                                  |   |   |                                                                                                |   |
| **BASIC AND  DILUTED                    **                                                                                                                                                                                                                                                                           |   | 12,305,995                                                             |   |   | 12,238,604                                                               |   |   | 12,291,608                                                            |   |   | 12,232,354                                                            |   |   |                                                                                                |   |

17

----

*Revenues*

We have had no operating revenues since our inception on July 21, 2005 to December31, 2010. We anticipate that we will not generate any revenues for so long aswe are an exploration stage company. 

*General and Administrative Expenses*

Our general and administrative expenses in the six months ended December 31,2010 increased to $56,377 from $10,004 in the six months ended December 31, 2009,primarily as a result of increase in exploration costs and stock basedcompensation.

*Mineral Property Costs*

In the Six months ended December 31, 2010, we incurred $4,571 mineralproperty costs compared to mineral property costs of nil in the six monthsended December 31, 2009. We expense our mineral property costs as they areincurred.

*Rent*

Our office space is being provided free of charge. There is no assurance thatthis office space will continue to be provided free of charge.

*Net Loss*

As a result of the above, our net loss for the six months ended December 31,2010 was $55,357 as compared to $9,935 in the six months ended December 31,2009.

**Liquidity and Capital Resources**

At December 31, 2010, we had cash of $73,428 and a working capital of $63,479.During the 12 month period following the date of this quarterly report, weanticipate that we will not generate any revenue. We believe that we haveenough cash on hand to complete our Phase One exploration program and commencea fairly basic Phase Two program. If the results of the Phase One areparticularly encouraging, we may wish to raise additional funds for a more indepth Phase Two program starting in November 2011. Additional funds will needto be raised to support work that may be undertaken subsequent to Phase Two.

18

----

If additional funds are required,the additional funding will likely come from equity financing from the sale ofour common stock or sale of part of our interest in our mineral claims. If weare successful in completing an equity financing, existing shareholders willexperience dilution of their interest in our Company. We do not have anyfinancing arranged and we cannot provide investors with any assurance that wewill be able to raise sufficient funding from the sale of our common stock tofund our exploration activities. In the absence of such financing, our businesswill likely fail.

*Going Concern*

We have not generated anyrevenues since inception. As of December 31, 2010, the Company had accumulatedlosses of $171,165. Our financial statements contain additional notedisclosures describing the circumstances that lead to this disclosure by ourindependent auditors. Our financial statements do not include any adjustmentsrelated to the recoverability or classification of asset-carrying amounts orthe amounts and classifications of liabilities that may result should theCompany be unable to continue as a going concern.

**Off-Balance Sheet Arrangements**

We have no off-balance sheetarrangements including arrangements that would affect our liquidity, capitalresources, market risk support and credit risk support or other benefits.

**Critical Accounting Policies**

Our financial statements and accompanying notes have been prepared inaccordance with United States generally accepted accounting principles and areexpressed in U.S. dollars. For a change in accounting policies, please see Note3 to our financial statements for our quarter ended December 31, 2010, whichare included in this quarterly report.

**Item 3. Quantitative and Qualitative Disclosures  About Market Risk**

A smaller reporting company, asdefined by Item 10 of Regulation S-K, is not required to provide theinformation required by this item.

**Item 4. Controls and Procedures**

Under thesupervision and with the participation of our management, including our ChiefExecutive Officer and Chief Financial Officer, we evaluated the effectivenessof our disclosure controls and procedures (as defined in Rules 13a-15(e) and15d-15(e) under the Securities Exchange Act of 1934, as amended (the“Exchange Act”)) as of December 31, 2010. Based upon that evaluation, our ChiefExecutive Officer and Chief Financial Officer concluded that our disclosurecontrols and procedures were effective as of December 31, 2010.

19

----

**Management report on Internal Control over Financial Reporting**

Our management is responsible for establishing andmaintaining adequate internal control over financial reporting. Internalcontrol over financial reporting is defined in Rule 13a-15(f) and15d-15(f) under the Exchange Act as a process designed by, or under thesupervision of, a company’s principal executive and principal financialofficers and effected by the company’s board of directors, management and otherpersonnel to provide reasonable assurance regarding the reliability offinancial reporting and the preparation of financial statements for externalpurposes in accordance with generally accepted accounting principles andincludes those policies and procedures that:

-  pertain to the maintenance of records that in reasonable detail accurately and    fairly reflect the transactions and dispositions of the assets of the Company;
- provide reasonable assurance that transactions are recorded as necessary to    permit preparation of financial statements in accordance with generally    accepted accounting principles, and that receipts and expenditures of the    Company are being made only in accordance with authorizations of management and    directors of the Company; and
- provide reasonable assurance regarding prevention or timely detection of    unauthorized acquisition, use or disposition of the Company’s assets that could    have a material effect on the financial statements.

Management acknowledges its responsibilityfor establishing and maintaining adequate internal controls over financialreporting. We are not in compliance with Section 404 of the Sarbanes-OxleyAct of 2002, but intend to commence shortly the system and process ofdocumentation and evaluation needed to comply with Section 404.

**Changes in InternalControls over Financial Reporting**

There have been no changes in theCompany's internal control over financial reporting during the last quarterlyperiod covered by this report that have materially affected, or are reasonablylikely to materially affect, the Company's internal control over financialreporting.

**PART II - OTHER INFORMATION**

**Item 1. Legal Proceedings**

We currently are not a party to any material legal proceedings and, to ourknowledge, no such proceedings are threatened or contemplated.

**Item 1A. Risk Factors**

There have beenno material changes to the risks to our business described in our Annual Reporton Form 10-K for the year ended June 30, 2010 filed with the SEC on September27, 2010.

20

----

**Item 2. Unregistered Sales of Equity Securitiesand Use of Proceeds**

***Unregistered Sales of Equity Securities***

None

***Purchases of equity securities by the issuer andaffiliated purchasers***

None.

**Item 3. Defaults Upon Senior Securities**

None.

**Item 4. Submission of Matters to a Vote of  Securities Holders**

  None.

**Item 5. Other Information**

On October 26, 2009, the Board of Directors of the Company adopted the NavaResources, Inc. 2009  Stock Incentive Plan (the “Stock Plan”) and reserved10,000,000 shares to be issued under the Stock Plan.

**Item 6. Exhibits**

| Exhibit | Description                                                                        |
|---------|------------------------------------------------------------------------------------|
| 3.1     | Articles  of Incorporation of Registrant*                                          |
| 3.2     | Bylaws  of the Registrant*                                                         |
| 3.3     | Articles  of Incorporation of Nava Resources Canada, Inc.*                         |
| 3.4     | Certificate  of Amendment to Articles of Incorporation of Registrant*              |
| 4.0     | Stock  Plan                                                                        |
| 4.1     | Specimen  Common Stock Certificate*                                                |
| 4.2     | Form  of Regulation S Subscription Agreement for Shares of Common Stock*           |
| 4.3     | Form  of Regulation S Subscription Agreement for Units*                            |
| 4.4     | Form  of Warrant Certificate*                                                      |
| 10.1    | Bill  of Sale of North Claim 1 to Jag dated August 22, 2007*                       |
| 10.2    | Bill  of Sale of North Claim 2 to Jag dated August 22, 2007*                       |
| 10.3    | Mineral  Tenure Bill of Sale Completion for North Claim 1 dated November 22, 2007* |
| 10.4    | Mineral  Tenure Bill of Sale Completion for North Claim 2 dated November 22, 2007* |
| 21.1    | Subsidiaries  of Registrant                                                        |
| 31.     | Rule 13a-14(a)/15d14(a)  Certifications                                            |
| 32.     | Section 1350 Certifications                                                        |
| 99.1    | Report  of MineStart Management Inc. dated December 7, 2007*                       |

* Incorporated by reference to theregistration statement on Form S-1, as filed by the Company with the Securitiesand Exchange Commission on May 1, 2008.

21

----

**SIGNATURES**

Pursuant to the requirements of Section 13 or 15(d) of theSecurities Exchange Act of 1934, the Company has duly caused this report to besigned on its behalf by the undersigned, thereunto duly authorized.

|   | **NAVA RESOURCES, INC.**

By: /s/ Jag Sandhu        Name: Jag Sandhu         Title: President and Chief Executive Officer     (Principal Executive, Financial and Accounting Officer) |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

Inaccordance with the Exchange Act, this report has been signed below by thefollowing persons on behalf of the Registrant and in the capacities and on thedates indicated.  

| Signature        | Title                                   | Date             |
|------------------|-----------------------------------------|------------------|
|             |                                    |             |
| /s/Jag Sandhu    | President,Chief Executive Officer  | January 19, 2011 |
| JagSandhu        | and Director, Principal Executive,      |             |
|             | Financial and Accounting Officer        |             |
|             |                                    |             |
| /s/Don Blackadar | Director                           | January19, 2011  |
| DonBlackadar     |                                    |             |

----