4th Jun 2010 07:00
Norseman Gold plc / Epic: NGL / Index: AIM & ASX / Sector: Mining & Exploration
4 June 2010
Norseman Gold Plc ('Norseman Gold' or 'the Company')
Issue of Shares
Norseman Gold Plc, the AIM-listed and ASX-listed Australian gold production company, announces that it has today issued 90,000 new ordinary shares of 1.25 pence each in the company in respect of the exercise of options. Application has been made for admission of these shares to trading on AIM with effect from 9 June 2010.
Following the exercise of options the total number of Ordinary shares in issue is 172,610,000.
**ENDS**
For further information visit www.norsemangoldplc.com or contact:
|
Barry Cahill |
Norseman Gold Plc |
Tel: +61 (0) 8 9473 2200 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 mines - the Bullen and the Harlequin. Currently, it has a total inventory of 3.7 million oz of gold at an average grade of 5.5 g/t, as published on 30 June 2009.
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 the development of a third and subsequent mines. The Company has fifteen advanced resource projects under review of which three have pre-development work being undertaken on them. It is anticipated that at least one if not all the pre-development projects will develop into mining propositions.
Related Shares:
Norseman Gold