18th Sep 2009 11:29
Norseman Gold plc / Epic: NGL / Index: AIM & ASX / Sector: Mining & Exploration
18 September 2009
Norseman Gold Plc ('Norseman Gold' or 'the Company')
Annual Report and Financial Statements for the Year ended 30 June 2009
Norseman Gold, the AIM-listed and ASX-listed Australian gold production company, has released its Annual Report and audited Financial Statements for the year ended 30 June 2009. The Report and Statements are available for downloading from the Company's website at www.norsemangoldplc.com and will be posted to shareholders in due course.
**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 |
|
William Vandyk |
Astaire Securities plc |
Tel: +44 (0) 20 7448 4400 |
|
Hugo de Salis / Isabel Crossley |
St Brides Media & Finance Ltd |
Tel: +44 (0) 20 7236 1177 |
Note to editors:
Norseman Gold plc is an AIM listed 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 resource inventory of 3.7 million oz of gold at an average grade of 5.5 g/t.
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 mine. 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.
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