Norseman Gold

• 15/05/12

  Appendix 3Y

• 03/05/12

  Appendix 3Y

• 03/05/12

  Appendix 3Y

• 03/05/12

  Appendix 3Y

• 03/05/12

  Price Monitoring Extension

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  01/05/12

  Norseman Gold says return to basics approach having a "dramatic impact" on costs

  A “return to basics” approach appears to be bearing fruit for Norseman Gold (LON:NGL, ASX:NGL) , which said it had seen a “dramatic” reduction in costs since the turn of the year.

• 

  16/02/12

  Norseman Gold unveils Tulla Resources as new strategic partner

  Norseman Gold today revealed its new strategic partner is Tulla Resources, which will take over the running of its mine and lend A$10 million (£6.8 million) to the Aussie gold group.

• 

  26/10/11

  Norseman Gold unveils £12mln funding package; appoints new NOMAD and director

  Norseman Gold said this morning it is raising £12 million in total via a placing of shares and convertible loan notes. The AIM and ASX-listed gold miner said the new funds will provide the working capital required until the North Royal open pit turns cashflow positive.

   

• 

  06/09/11

  Norseman Gold undervalued as it is set to double production this year, says broker

  House broker Seymour Pierce believes that Norseman Gold is significantly undervalued despite the company’s management reducing its production guidance

• 

  24/08/10

  Norseman Gold Prospects Underrated by the City, says Seymour Pierce

  Another reserves upgrade from Norseman, yet the share price fails to reflect the gold in the ground, says Seymour Pierce's mining guru Asa Bridle.

• 12/03/12

  Norseman Gold fulfils ASX requirement for planned A$3 mln fundraising

• 29/02/12

  Norseman Gold hands over running of mine to Tulla Resources

• 06/02/12

  Norseman Gold says talks with potential strategic partner ongoing

• 30/01/12

  Norseman Gold requests trading halt on ASX, shares jump 14.5pct in London

• 22/12/11

  Norseman Gold in talks with potential strategic partner, reaches target ore at North Royal pit

•  

  22/12/2010

  Barry Cahill, CEO of Norseman Gold, talks about 12,000 ounces of gold a month and growing reserves and resources

  Barry Cahill, CEO of Norseman Gold, talks about pouring gold and having cash in the bank within a week , being within six months of fully utilising the mine’s treatment plant - producing about 12,000 ounces of gold a month, and growing reserves and resources year in year out. (December 2010)
•  

  04/10/2010

  Stocktube video - Barry Cahill, of Norseman Gold, keeps generating cash while working on doubling the reserve life

  Barry Cahill, CEO of Norseman Gold tells Proactive Investors that they are continuing to de-water their fourth mine, North Royal, and within two years the company expects to be able to expand the current five years of reserve life to 10. In the meantime Norseman continues to generate cash weekly, pouring gold every Tuesday and selling it on the spot market by the end of the same week.
• 

  30/09/2010

  Norseman Gold One2One Investor Presentation - 30th September 2010 (PDF)

  Norseman Gold One2One Investor Presentation - 30th September 2010
• 

  09/10/2009

  Norseman Gold One2One Forum Presentation (PDF)

  Barry Cahill, CEO of Australian gold producer, Norseman Gold, presents to Proactiveinvestors
•  

  09/07/2009

  David Steinepreis of Norseman Gold talks to Proactiveinvestors

Norseman Gold plc owns Australia ’s longest continuously running gold mining operation, which has produced over 5.5 million ounces of gold over a period of more than 70 years, and oversees manager performance.  The 2,360 sq km project, located in the highly prospective Norseman-Wiluna greenstone belt in Eastern Gold fi elds, Western Australia , is managed and operated by resource specialist Tulla Resources Group Pty Ltd.  Tulla is currently undertaking a review of operations, with a view to increasing future production and reducing costs. 

There are currently two operating mines: the Harlequin high-grade underground gold mine; and the North Royal Open Pit mine.  Both mines feed the Phoenix gold processing plant, which utilises conventional milling and carbon-in-leach technology for the recovery of gold and has a total processing capacity of approximately 720,000 tonnes per annum. Other mines include OK, Bullen and Crown, which may be brought back into production in the future. 

The Norseman Gold Project’s potential has been demonstrated by its previous performance, when in 2009, at a time when only two of the mines were operational, a total of c. 80,000 ounces of gold was produced. 

Exploration aimed at increasing the lives of the mines is ongoing as does exploration across the wider project area aimed at increasing resources and identifying other mines to support future production.  Extensive data has already been amassed across all the tenements, demonstrating the huge potential of the entire project. 

HARLEQUIN DECLINE

Mining at the Harlequin mine, located 9 km north of Norseman and 11 km from the Phoenix Mill under Lake Cowan , a large salt lake, commenced in 1995.  Access to the mine is via twin 5.5 x 5.3 metre declines, located on the main landmass due to the dif fi culties developing through the lake mud sediment.  One decline serves for access and the other as an escape way / primary return airway.  Mining takes place at a depth of 200-700 metres below surface, focussed on the Red fi n, HV1, HV5, HV6, Marlin and Perch reefs. 

NORTH ROYAL OPEN PIT

The North Royal Open Pit mine lies 10 km from the Phoenix Mill and has historically produced 3.5 million tonnes of ore at a grade of 16 g/t for 1.8 million ounces of gold from both open pit and underground mining.  Current resources total 1.6 million tonnes at 11.6 g/t gold for 600,000 ounces.  Production recommenced in 2011, with hard rock being reached in early 2012. 

Drill programmes on extensional reef targets adjacent to the open pit support a significant extension to the mine life. 

EXPLORATION & DEVELOPMENT

The Norseman Project offers a plethora of project opportunities at all stages of development including three previously operating underground mines, Bullen, OK and Crown, which may be brought back into production in the future.  The wider project area provides signi fi cant potential for other high-grade gold mines to be developed.  Considerable data has already been amassed and a number of new targets generated.  Exploration programmes are ongoing.

The potential for magnetite iron ore also exists within sediment hosted iron formations of the Noganyer Formation.  Very little iron ore exploration has occurred at Norseman and the little that has taken place was invariably in conjunction with gold exploration.  The fact that there are thousands of metres of geological logging records and drill core available ready for assessment together with stored historic pulp drill samples means that the time to development would be considerably shorter than for a conventional iron ore project.

David Steinepreis (54) - Chairman 

David Christian Steinepreis (aged 54) is a Chartered Accountant and a former partner of International accounting firm, KPMG, where he specialised in strategic corporate advice and taxation for listed companies. In 1987, Mr Steinepreis entered commerce as a director, adviser and shareholder of a number of ASX listed companies in the gold, diamonds, oil and new mining technology sectors and since that time he has gained a reputation in the junior mining sector for building a series of successful enterprises in Australia and the UK.

Mr Steinepreis, a UK resident since 2006, is Managing Director of AIM listed North River Resources Plc and was formerly a director of Norseman Gold Plc, having resigned on 30 July 2010 to pursue other interests.

Gary Steinepreis (45) - Non Executive Director

Chairman of the Audit committee

Gary Steinepreis holds a Bachelor of Commerce degree from the University of Western Australia and is a chartered accountant.  He provides corporate, management and accounting advice to a number of companies involved in the resource, technology and leisure industries. 

He is also currently  a director of  Minerals Corporation Ltd, New Horizon Minerals Ltd, WAG Limited, Monto Minerals NL and Agri Energy Limited companies listed on ASX.  Mr Steinepreis is also Managing Director of Ascent Capital and a 50% beneficial shareholder.

Kelvin May (51) - Director And Company Secretary

Kelvin May is a CPA, with a Bachelor of Business degree from Curtin University, and a Masters of Business Administration (MBA) from the Curtin Graduate School of Business. He has nearly 20 years post graduate experience, and has held senior finance and commercial management positions in several major Australian companies in the mining and industrial services sectors.  He has worked extensively with major resource construction projects, mineral processing equipment suppliers, logistics and transport operations, and a major equipment hire company.

Russell McBeath - Principal Mining Engineer

Russell McBeath is a mining engineer with over 20 years experience in the Australian mining industry. His experience covers all aspects of underground mining and was gained primarily in narrow vein gold mines whilst also having significant experience with underground nickel and other base metals, ranging from small tonnage operations up to the establishment of block caving systems. Russell has significant time as underground manager of several operations including the Golden Pig, Mariners and Argyle mines. Russell also has experience with a number of small open pit operations.

David Thomas - Exploration Manager

David Thomas is an exploration professional of 20 years experience in all facets of mineral exploration from grass roots to resource definition.  He has worked throughout Australia and in Africa in the search for gold, base metals and mineral sands.  David is a Chartered Professional (Geology) of the Australian Institute of Mining & Metallurgy and a member of the Australian Institute of Geoscientists.  David has previously held exploration management positions in multinational mining houses.

Directors Shareholdings As At 15 December 2011:

Major Shareholdings As Notified To The Company In Accordance With FSA's Disclosure And Transparency Rules As At 28 September 2011:

Updated from Norseman Gold website 20.03.2012

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