13th May 2010 09:57
Norseman Gold Plc ('Norseman Gold' or 'the Company')
Director's Dealings
Norseman Gold announces the following information pursuant to Rule 17 of the AIM Rules for Companies:
| Name of director |
Vincent Pendal |
|
Date on which disclosure was made to the Company
|
12 May 2010
|
|
Direct or indirect interest |
Indirect |
|
Nature of indirect interest
|
Ardlussa Pty Ltd - Director & Shareholder Ardlussa Pty Ltd - Director & Shareholder Muspen Pty Ltd - Director & Shareholder |
|
Date on which the deal was effected |
11 May 2010 |
|
No. of securities held prior to change |
3,050,000 ordinary shares
|
|
Class |
Ordinary shares |
|
Number acquired |
- |
|
Number disposed |
500,000 Ordinary shares |
|
Consideration
|
Disposed: AUS$449,938 (AUD$0.8999 per share) |
|
No. of securities held after change |
2,550,000 ordinary shares
|
|
Nature of change
|
Disposed: on-market trade (Australia)
|
**ENDS**
For further information visit www.norsemangoldplc.com or contact:
|
Barry Cahill |
Norseman Gold Plc |
Tel: +61 (0) 8 9473 2222 E-mail: [email protected] |
|
Guy Wilkes |
Ocean Equities Ltd |
Tel: +44 (0) 20 7786 4370 |
|
Nandita Sahgal Jeremy Stephenson |
Seymour Pierce Ltd Seymour Pierce Ltd |
Tel: +44 (0) 20 7107 8000 Tel: +44 (0) 20 7107 8000
|
|
Hugo de Salis / Isabel Crossley |
St Brides Media & Finance Ltd |
Tel: +44 (0) 20 7236 1177 |
Note to editors:
Norseman Gold plc is a dual AIM and ASX listed Australian gold production company, which acquired the Norseman Gold Project in May 2007, Australia's longest continually running gold operation. The Norseman Gold Project is located in the Eastern Goldfields of Western Australia in the highly prospective Norseman-Wiluna greenstone belt, 725km east of Perth and 186km from Kalgoorlie.
Gold was first found on the Norseman field in 1894 and over the last 65 years it has produced over 5.5 million oz of gold. The mine is currently producing from two high-grade narrow-vein underground gold mines - the Bullen and the Harlequin. Currently, it has a total resource inventory of 20.0 Mt at a grade of 5.5 g/t gold for 3.7 Moz of gold.
The tenements cover a 1,614 sq km area centred on the Norseman Township. The landholding comprises 179 contiguous tenements consisting of 13 Exploration Licences, 106 Mining Licences, 45 Prospecting Licences, 15 Miscellaneous Licences and 29 Mining Lease Applications.
The Company's strategy is focused on extending the mine life through the conversion of resources into reserves and identifying additional resources and obtaining additional ore for the operating mill through re-treatment of tailings or acquisitions of alternative sources of ore.
Related Shares:
Norseman Gold