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	<title>Proactiveinvestors United Kingdom Norseman Gold</title>
	<link>http://www.proactiveinvestors.co.uk</link>
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			<title><![CDATA[RNS press release - Notice of General Meeting ]]></title>
			<link>http://www.proactiveinvestors.co.uk/companies/rns/120517ngl5544d/</link>
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			<pubDate>Thu, 17 May 2012 09:36:00 +0100</pubDate>
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			<title><![CDATA[RNS press release - Appendix 3Y ]]></title>
			<link>http://www.proactiveinvestors.co.uk/companies/rns/120515ngl3550d/</link>
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			<pubDate>Tue, 15 May 2012 10:00:00 +0100</pubDate>
			<guid>http://www.proactiveinvestors.co.uk/companies/rns/120515ngl3550d/</guid>
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			<title><![CDATA[RNS press release - Price Monitoring Extension ]]></title>
			<link>http://www.proactiveinvestors.co.uk/companies/rns/120503ngl7079c/</link>
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			<pubDate>Thu, 03 May 2012 16:35:00 +0100</pubDate>
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			<title><![CDATA[RNS press release - Appendix 3Y ]]></title>
			<link>http://www.proactiveinvestors.co.uk/companies/rns/120503ngl6562c/</link>
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			<pubDate>Thu, 03 May 2012 10:15:00 +0100</pubDate>
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			<title><![CDATA[News - Norseman Gold says return to basics approach having a "dramatic impact" on costs ]]></title>
			<link>http://www.proactiveinvestors.co.uk/companies/news/42185/norseman-gold-says-return-to-basics-approach-having-a-dramatic-impact-on-costs-42185.html</link>
			<description><![CDATA[<p>A &ldquo;return to basics&rdquo; approach appears to be bearing fruit for Norseman Gold (LON:NGL, ASX:NGL) , which said it had seen a &ldquo;dramatic&rdquo; reduction in costs since the turn of the year.</p>]]></description>
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			<title><![CDATA[RNS press release - 3rd Quarter Results ]]></title>
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			<pubDate>Tue, 01 May 2012 07:00:00 +0100</pubDate>
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			<pubDate>Thu, 26 Apr 2012 07:26:00 +0100</pubDate>
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			<link>http://www.proactiveinvestors.co.uk/companies/rns/120412ngl1929b/</link>
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			<pubDate>Thu, 12 Apr 2012 07:29:00 +0100</pubDate>
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			<title><![CDATA[RNS press release - Result of General Meeting - Replacement ]]></title>
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			<pubDate>Wed, 11 Apr 2012 07:00:00 +0100</pubDate>
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			<title><![CDATA[RNS press release - Result of General Meeting ]]></title>
			<link>http://www.proactiveinvestors.co.uk/companies/rns/120330ngl4343a/</link>
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			<pubDate>Fri, 30 Mar 2012 07:54:00 +0100</pubDate>
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			<title><![CDATA[News - Norseman Gold fulfils ASX requirement for planned A$3 mln fundraising ]]></title>
			<link>http://www.proactiveinvestors.co.uk/companies/news/40102/norseman-gold-fulfils-asx-requirement-for-planned-a3-mln-fundraising-40102.html</link>
			<description><![CDATA[<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/Norseman+Gold" class="companyPopupTrigger" rel="1144">Norseman Gold</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/norseman-gold-1144.html" class="companyPopupTrigger" rel="1144">LON:NGL</a>, ASX:NGL) has fulfilled an Australian regulatory requirement with regards to a fundraising it flagged last month when it announced a deal with new strategic partner Tulla Resources.<br /><br />Tulla has taken over the running of its mine in Western Australia and will lend A$10 million (&pound;6.8 million) to the gold group.&nbsp; Tulla will be issued A$10 million of convertible loan notes with a coupon of 10 per cent and that convert at 6p per share.<br /><br />The miner had also said it was raising a further A$3 million (&pound;2 million) through a placing of 50 million shares at 6 cents apiece.<br /><br />The group told investors today it has lodged a secondary trading prospectus with the Australian Securities Exchange which is required to allow the trading of the shares to be issued.<br /><br />Norseman has also sent a notice to shareholders convening a special meeting for March 30, where it will seek approval for the fundraising and the agreement with Tulla.<br /><br />Norseman said in December it was in talks with a potential partner.<br /><br />Tulla is an Australian resources company and the family vehicle of the Maloney family, which previously ran MAC Services, a supplier of mining accommodation facilities that was sold to Oil States International for A$650 million.<br /><br />Tulla has investments in TSX listed THEMAC Resources, which owns 100 per cent of the Copper Flat project, a porphyry copper-molybdenum-gold-silver project in south-central New Mexico; ASX listed <a href="http://www.proactiveinvestors.co.uk/companies/overview/3935/Altona+Mining" class="companyPopupTrigger" rel="3935">Altona Mining</a>, a copper miner in Finland and ASX listed <a href="http://www.proactiveinvestors.co.uk/companies/overview/3506/Queensland+Mining" class="companyPopupTrigger" rel="3506">Queensland Mining</a>.</p> ]]></description>
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			<pubDate>Mon, 12 Mar 2012 07:34:00 +0000</pubDate>
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			<pubDate>Fri, 09 Mar 2012 07:50:00 +0000</pubDate>
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			<title><![CDATA[News - Norseman Gold hands over running of mine to Tulla Resources ]]></title>
			<link>http://www.proactiveinvestors.co.uk/companies/news/39603/norseman-gold-hands-over-running-of-mine-to-tulla-resources-39603.html</link>
			<description><![CDATA[<p>&nbsp;</p>
<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/Norseman+Gold" class="companyPopupTrigger" rel="1144">Norseman Gold</a>&lsquo;s (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/norseman-gold-1144.html" class="companyPopupTrigger" rel="1144"><a href="/companies/overview/1144/norseman-gold-1144.html" class="companyPopupTrigger" rel="1144">LON:NGL</a>, ASX:NGL</a>) new partner Tulla Resources has already assumed operational control of the Norseman mine in Australia and has started to re-organise its operations.&nbsp;</p>
<p>The restructuring process is aimed at lowering operating costs and returning <a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/Norseman+Gold" class="companyPopupTrigger" rel="1144">Norseman Gold</a> to a consistent 100,000 ounce producer within two years.</p>
<p>Tulla&rsquo;s plan is also to increase the current resource of 3.4 million ounces of gold at an average grade of 4.7 g/t through mine and regional exploration.</p>
<p>Norseman produced 22,289 ounces of gold in the six months to December, which generated a loss after tax of A$41.8 million after an A$18 million write-down for the mine.&nbsp;</p>
<p>Interim revenues rose 8 per cent to A$32.4 million. The average gold price achieved during the six months period was A$1,607 per ounce.</p>
<p>Under the agreement with Tulla, which is the vehicle of Australian mining entrepreneur Kevin Maloney, it will subscribe for A$10 million of convertible loan notes in <a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/Norseman+Gold" class="companyPopupTrigger" rel="1144">Norseman Gold</a>.</p>
<p>Norseman, which raised A$3 million (&pound;2 million) for working capital through a placing at 6c, will keep control of the mine and equipment.</p>
<p>Tulla Resources is to carry out a more detailed review of all aspects of the operations at Norseman, which is Australia&rsquo;s oldest producing gold mine, including all four mines as part of a comprehensive forward 3 year mine plan and a growth strategy.</p>
<p>Bullen and OK Decline, two of the four operations at the Norseman mine have already been placed on care and maintenance.&nbsp;</p>
<p>&nbsp;</p> ]]></description>
			<pubDate>Wed, 29 Feb 2012 12:33:00 +0000</pubDate>
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			<link>http://www.proactiveinvestors.co.uk/companies/rns/120229ngl3671y/</link>
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			<pubDate>Wed, 29 Feb 2012 10:40:00 +0000</pubDate>
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			<pubDate>Wed, 29 Feb 2012 10:38:00 +0000</pubDate>
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			<title><![CDATA[News - Norseman Gold unveils Tulla Resources as new strategic partner ]]></title>
			<link>http://www.proactiveinvestors.co.uk/companies/news/39072/norseman-gold-unveils-tulla-resources-as-new-strategic-partner-39072.html</link>
			<description><![CDATA[<p>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 (&pound;6.8 million) to the Aussie gold group.</p>]]></description>
			<pubDate>Thu, 16 Feb 2012 09:20:00 +0000</pubDate>
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			<title><![CDATA[RNS press release - Corporate Changes and Quarterly Report ]]></title>
			<link>http://www.proactiveinvestors.co.uk/companies/rns/120216ngl5362x/</link>
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			<pubDate>Thu, 16 Feb 2012 08:01:00 +0000</pubDate>
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			<description><![CDATA[16.02.12: -1.20, (4.75) Press: Norseman Gold fell after resource specialist Tulla bought into the company via the purchase of approximately GBP6.8m of convertible loan notes.Tulla will take over the operation of Norseman?s gold project while Norseman retains ownership of the mine. Norseman also raised some GBP2m through the issue of 50m ordinary shares at near 4p per share, significantly below the prevailing price. Source - Financial Times]]></description>
			<pubDate>Thu, 16 Feb 2012 00:00:00 +0000</pubDate>
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			<description><![CDATA[<p><strong><a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/Norseman+Gold" class="companyPopupTrigger" rel="1144">Norseman Gold</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/norseman-gold-1144.html" class="companyPopupTrigger" rel="1144">LON:NGL</a>, ASX:NGL)</strong> said its negotiations with a potential strategic partner are ongoing and it will update investors on its operations and corporate restructuring &ldquo;as soon as possible&rdquo;.<br /><br />Back in December, the group revealed that it was in negotiations with a potential strategic partner, which was looking to take an active role in the development of the group.<br /><br />This potential partner has experience in operating at Norseman, particularly the Harlequin and Bullen mines, and understands the ore bodies and their potential.<br /><br />Norseman&rsquo;s main project is the Norseman mine in Western Australia. At the end of 2011, the company reported that it had reached the targeted hard rock ore at the North Royal open pit, enabling more ore to be added to the overall treatment plant feed.<br /><br />This should result in an increase in the ounces produced as more tonnes will be able to be treated.<br /><br />With a direct focus on cost, the company has decided to suspend mining at the OK Decline to reduce expenditure and focus on the areas of the mine that are performing and/or producing profitable ounces.<br /><br />A detailed review of both the Bullen and Harlequin underground mines and how production and profitability at these mines can be improved is also ongoing with an update expected this year.<br /><br />The progress report on the Bullen and Harlequin review will also include guidance on gold production for the full year.<br /><br />At the end of January, the company requested and was granted a trading halt and later voluntary suspension on the Australian Stock Exchange (ASX), pending an update on its operations and corporate restructuring.<br /><br />Following the trading halt announcement on January 30, shares in Norseman rallied from around 5.5 pence to Friday&rsquo;s close of 7.08 pence. This morning, Norseman tacked on a further 4.5 percent to trade at 7.4 pence, valuing the group at &pound;26.5 million.</p> ]]></description>
			<pubDate>Mon, 06 Feb 2012 08:37:00 +0000</pubDate>
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	"title" => "News - Norseman Gold says return to basics approach having a "dramatic impact" on costs",
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	"description" => "<p>A &ldquo;return to basics&rdquo; approach appears to be bearing fruit for Norseman Gold (LON:NGL, ASX:NGL) , which said it had seen a &ldquo;dramatic&rdquo; reduction in costs since the turn of the year.</p>",
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	array(
	"id" => "40102",
	"title" => "News - Norseman Gold fulfils ASX requirement for planned A$3 mln fundraising",
	"pubdate" => "2012-03-12 10:08:00",
	"seftitle" => "norseman-gold-fulfils-asx-requirement-for-planned-a3-mln-fundraising-40102.html",
	"description" => "<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/Norseman+Gold" class="companyPopupTrigger" rel="1144">Norseman Gold</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/norseman-gold-1144.html" class="companyPopupTrigger" rel="1144">LON:NGL</a>, ASX:NGL) has fulfilled an Australian regulatory requirement with regards to a fundraising it flagged last month when it announced a deal with new strategic partner Tulla Resources.<br /><br />Tulla has taken over the running of its mine in Western Australia and will lend A$10 million (&pound;6.8 million) to the gold group.&nbsp; Tulla will be issued A$10 million of convertible loan notes with a coupon of 10 per cent and that convert at 6p per share.<br /><br />The miner had also said it was raising a further A$3 million (&pound;2 million) through a placing of 50 million shares at 6 cents apiece.<br /><br />The group told investors today it has lodged a secondary trading prospectus with the Australian Securities Exchange which is required to allow the trading of the shares to be issued.<br /><br />Norseman has also sent a notice to shareholders convening a special meeting for March 30, where it will seek approval for the fundraising and the agreement with Tulla.<br /><br />Norseman said in December it was in talks with a potential partner.<br /><br />Tulla is an Australian resources company and the family vehicle of the Maloney family, which previously ran MAC Services, a supplier of mining accommodation facilities that was sold to Oil States International for A$650 million.<br /><br />Tulla has investments in TSX listed THEMAC Resources, which owns 100 per cent of the Copper Flat project, a porphyry copper-molybdenum-gold-silver project in south-central New Mexico; ASX listed <a href="http://www.proactiveinvestors.co.uk/companies/overview/3935/Altona+Mining" class="companyPopupTrigger" rel="3935">Altona Mining</a>, a copper miner in Finland and ASX listed <a href="http://www.proactiveinvestors.co.uk/companies/overview/3506/Queensland+Mining" class="companyPopupTrigger" rel="3506">Queensland Mining</a>.</p> ",
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	"id" => "39603",
	"title" => "News - Norseman Gold hands over running of mine to Tulla Resources",
	"pubdate" => "2012-02-29 12:33:00",
	"seftitle" => "norseman-gold-hands-over-running-of-mine-to-tulla-resources-39603.html",
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<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/Norseman+Gold" class="companyPopupTrigger" rel="1144">Norseman Gold</a>&lsquo;s (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/norseman-gold-1144.html" class="companyPopupTrigger" rel="1144"><a href="/companies/overview/1144/norseman-gold-1144.html" class="companyPopupTrigger" rel="1144">LON:NGL</a>, ASX:NGL</a>) new partner Tulla Resources has already assumed operational control of the Norseman mine in Australia and has started to re-organise its operations.&nbsp;</p>
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<p>Tulla&rsquo;s plan is also to increase the current resource of 3.4 million ounces of gold at an average grade of 4.7 g/t through mine and regional exploration.</p>
<p>Norseman produced 22,289 ounces of gold in the six months to December, which generated a loss after tax of A$41.8 million after an A$18 million write-down for the mine.&nbsp;</p>
<p>Interim revenues rose 8 per cent to A$32.4 million. The average gold price achieved during the six months period was A$1,607 per ounce.</p>
<p>Under the agreement with Tulla, which is the vehicle of Australian mining entrepreneur Kevin Maloney, it will subscribe for A$10 million of convertible loan notes in <a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/Norseman+Gold" class="companyPopupTrigger" rel="1144">Norseman Gold</a>.</p>
<p>Norseman, which raised A$3 million (&pound;2 million) for working capital through a placing at 6c, will keep control of the mine and equipment.</p>
<p>Tulla Resources is to carry out a more detailed review of all aspects of the operations at Norseman, which is Australia&rsquo;s oldest producing gold mine, including all four mines as part of a comprehensive forward 3 year mine plan and a growth strategy.</p>
<p>Bullen and OK Decline, two of the four operations at the Norseman mine have already been placed on care and maintenance.&nbsp;</p>
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	"title" => "News - Norseman Gold unveils Tulla Resources as new strategic partner",
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	"title" => "News - Norseman Gold says talks with potential strategic partner ongoing",
	"pubdate" => "2012-02-06 08:37:00",
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	"description" => "<p><strong><a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/Norseman+Gold" class="companyPopupTrigger" rel="1144">Norseman Gold</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/norseman-gold-1144.html" class="companyPopupTrigger" rel="1144">LON:NGL</a>, ASX:NGL)</strong> said its negotiations with a potential strategic partner are ongoing and it will update investors on its operations and corporate restructuring &ldquo;as soon as possible&rdquo;.<br /><br />Back in December, the group revealed that it was in negotiations with a potential strategic partner, which was looking to take an active role in the development of the group.<br /><br />This potential partner has experience in operating at Norseman, particularly the Harlequin and Bullen mines, and understands the ore bodies and their potential.<br /><br />Norseman&rsquo;s main project is the Norseman mine in Western Australia. At the end of 2011, the company reported that it had reached the targeted hard rock ore at the North Royal open pit, enabling more ore to be added to the overall treatment plant feed.<br /><br />This should result in an increase in the ounces produced as more tonnes will be able to be treated.<br /><br />With a direct focus on cost, the company has decided to suspend mining at the OK Decline to reduce expenditure and focus on the areas of the mine that are performing and/or producing profitable ounces.<br /><br />A detailed review of both the Bullen and Harlequin underground mines and how production and profitability at these mines can be improved is also ongoing with an update expected this year.<br /><br />The progress report on the Bullen and Harlequin review will also include guidance on gold production for the full year.<br /><br />At the end of January, the company requested and was granted a trading halt and later voluntary suspension on the Australian Stock Exchange (ASX), pending an update on its operations and corporate restructuring.<br /><br />Following the trading halt announcement on January 30, shares in Norseman rallied from around 5.5 pence to Friday&rsquo;s close of 7.08 pence. This morning, Norseman tacked on a further 4.5 percent to trade at 7.4 pence, valuing the group at &pound;26.5 million.</p> ",
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			<description><![CDATA[<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/Norseman+Gold" class="companyPopupTrigger" rel="1144">Norseman Gold</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/norseman-gold-1144.html" class="companyPopupTrigger" rel="1144">LON:NGL</a>, ASX:NGL) has fulfilled an Australian regulatory requirement with regards to a fundraising it flagged last month when it announced a deal with new strategic partner Tulla Resources.<br /><br />Tulla has taken over the running of its mine in Western Australia and will lend A$10 million (&pound;6.8 million) to the gold group.&nbsp; Tulla will be issued A$10 million of convertible loan notes with a coupon of 10 per cent and that convert at 6p per share.<br /><br />The miner had also said it was raising a further A$3 million (&pound;2 million) through a placing of 50 million shares at 6 cents apiece.<br /><br />The group told investors today it has lodged a secondary trading prospectus with the Australian Securities Exchange which is required to allow the trading of the shares to be issued.<br /><br />Norseman has also sent a notice to shareholders convening a special meeting for March 30, where it will seek approval for the fundraising and the agreement with Tulla.<br /><br />Norseman said in December it was in talks with a potential partner.<br /><br />Tulla is an Australian resources company and the family vehicle of the Maloney family, which previously ran MAC Services, a supplier of mining accommodation facilities that was sold to Oil States International for A$650 million.<br /><br />Tulla has investments in TSX listed THEMAC Resources, which owns 100 per cent of the Copper Flat project, a porphyry copper-molybdenum-gold-silver project in south-central New Mexico; ASX listed <a href="http://www.proactiveinvestors.co.uk/companies/overview/3935/Altona+Mining" class="companyPopupTrigger" rel="3935">Altona Mining</a>, a copper miner in Finland and ASX listed <a href="http://www.proactiveinvestors.co.uk/companies/overview/3506/Queensland+Mining" class="companyPopupTrigger" rel="3506">Queensland Mining</a>.</p> ]]></description>
			<pubDate>Mon, 12 Mar 2012 10:08:00 +0000</pubDate>
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			<title><![CDATA[RNS press release - Placing Update ]]></title>
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			<pubDate>Mon, 12 Mar 2012 07:34:00 +0000</pubDate>
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			<link>http://www.proactiveinvestors.co.uk/companies/rns/120309ngl0389z/</link>
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			<pubDate>Fri, 09 Mar 2012 07:50:00 +0000</pubDate>
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			<title><![CDATA[News - Norseman Gold hands over running of mine to Tulla Resources ]]></title>
			<link>http://www.proactiveinvestors.co.uk/companies/news/39603/norseman-gold-hands-over-running-of-mine-to-tulla-resources-39603.html</link>
			<description><![CDATA[<p>&nbsp;</p>
<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/Norseman+Gold" class="companyPopupTrigger" rel="1144">Norseman Gold</a>&lsquo;s (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/norseman-gold-1144.html" class="companyPopupTrigger" rel="1144"><a href="/companies/overview/1144/norseman-gold-1144.html" class="companyPopupTrigger" rel="1144">LON:NGL</a>, ASX:NGL</a>) new partner Tulla Resources has already assumed operational control of the Norseman mine in Australia and has started to re-organise its operations.&nbsp;</p>
<p>The restructuring process is aimed at lowering operating costs and returning <a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/Norseman+Gold" class="companyPopupTrigger" rel="1144">Norseman Gold</a> to a consistent 100,000 ounce producer within two years.</p>
<p>Tulla&rsquo;s plan is also to increase the current resource of 3.4 million ounces of gold at an average grade of 4.7 g/t through mine and regional exploration.</p>
<p>Norseman produced 22,289 ounces of gold in the six months to December, which generated a loss after tax of A$41.8 million after an A$18 million write-down for the mine.&nbsp;</p>
<p>Interim revenues rose 8 per cent to A$32.4 million. The average gold price achieved during the six months period was A$1,607 per ounce.</p>
<p>Under the agreement with Tulla, which is the vehicle of Australian mining entrepreneur Kevin Maloney, it will subscribe for A$10 million of convertible loan notes in <a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/Norseman+Gold" class="companyPopupTrigger" rel="1144">Norseman Gold</a>.</p>
<p>Norseman, which raised A$3 million (&pound;2 million) for working capital through a placing at 6c, will keep control of the mine and equipment.</p>
<p>Tulla Resources is to carry out a more detailed review of all aspects of the operations at Norseman, which is Australia&rsquo;s oldest producing gold mine, including all four mines as part of a comprehensive forward 3 year mine plan and a growth strategy.</p>
<p>Bullen and OK Decline, two of the four operations at the Norseman mine have already been placed on care and maintenance.&nbsp;</p>
<p>&nbsp;</p> ]]></description>
			<pubDate>Wed, 29 Feb 2012 12:33:00 +0000</pubDate>
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			<pubDate>Wed, 29 Feb 2012 10:40:00 +0000</pubDate>
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			<title><![CDATA[RNS press release - Half Yearly Report ]]></title>
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			<pubDate>Wed, 29 Feb 2012 10:38:00 +0000</pubDate>
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			<title><![CDATA[News - Norseman Gold unveils Tulla Resources as new strategic partner ]]></title>
			<link>http://www.proactiveinvestors.co.uk/companies/news/39072/norseman-gold-unveils-tulla-resources-as-new-strategic-partner-39072.html</link>
			<description><![CDATA[<p>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 (&pound;6.8 million) to the Aussie gold group.</p>]]></description>
			<pubDate>Thu, 16 Feb 2012 09:20:00 +0000</pubDate>
			<guid>http://www.proactiveinvestors.co.uk/companies/news/39072/norseman-gold-unveils-tulla-resources-as-new-strategic-partner-39072.html</guid>
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			<title><![CDATA[RNS press release - Corporate Changes and Quarterly Report ]]></title>
			<link>http://www.proactiveinvestors.co.uk/companies/rns/120216ngl5362x/</link>
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			<pubDate>Thu, 16 Feb 2012 08:01:00 +0000</pubDate>
			<guid>http://www.proactiveinvestors.co.uk/companies/rns/120216ngl5362x/</guid>
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			<description><![CDATA[16.02.12: -1.20, (4.75) Press: Norseman Gold fell after resource specialist Tulla bought into the company via the purchase of approximately GBP6.8m of convertible loan notes.Tulla will take over the operation of Norseman?s gold project while Norseman retains ownership of the mine. Norseman also raised some GBP2m through the issue of 50m ordinary shares at near 4p per share, significantly below the prevailing price. Source - Financial Times]]></description>
			<pubDate>Thu, 16 Feb 2012 00:00:00 +0000</pubDate>
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			<title><![CDATA[News - Norseman Gold says talks with potential strategic partner ongoing ]]></title>
			<link>http://www.proactiveinvestors.co.uk/companies/news/38629/norseman-gold-says-talks-with-potential-strategic-partner-ongoing-38629.html</link>
			<description><![CDATA[<p><strong><a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/Norseman+Gold" class="companyPopupTrigger" rel="1144">Norseman Gold</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/norseman-gold-1144.html" class="companyPopupTrigger" rel="1144">LON:NGL</a>, ASX:NGL)</strong> said its negotiations with a potential strategic partner are ongoing and it will update investors on its operations and corporate restructuring &ldquo;as soon as possible&rdquo;.<br /><br />Back in December, the group revealed that it was in negotiations with a potential strategic partner, which was looking to take an active role in the development of the group.<br /><br />This potential partner has experience in operating at Norseman, particularly the Harlequin and Bullen mines, and understands the ore bodies and their potential.<br /><br />Norseman&rsquo;s main project is the Norseman mine in Western Australia. At the end of 2011, the company reported that it had reached the targeted hard rock ore at the North Royal open pit, enabling more ore to be added to the overall treatment plant feed.<br /><br />This should result in an increase in the ounces produced as more tonnes will be able to be treated.<br /><br />With a direct focus on cost, the company has decided to suspend mining at the OK Decline to reduce expenditure and focus on the areas of the mine that are performing and/or producing profitable ounces.<br /><br />A detailed review of both the Bullen and Harlequin underground mines and how production and profitability at these mines can be improved is also ongoing with an update expected this year.<br /><br />The progress report on the Bullen and Harlequin review will also include guidance on gold production for the full year.<br /><br />At the end of January, the company requested and was granted a trading halt and later voluntary suspension on the Australian Stock Exchange (ASX), pending an update on its operations and corporate restructuring.<br /><br />Following the trading halt announcement on January 30, shares in Norseman rallied from around 5.5 pence to Friday&rsquo;s close of 7.08 pence. This morning, Norseman tacked on a further 4.5 percent to trade at 7.4 pence, valuing the group at &pound;26.5 million.</p> ]]></description>
			<pubDate>Mon, 06 Feb 2012 08:37:00 +0000</pubDate>
			<guid>http://www.proactiveinvestors.co.uk/companies/news/38629/norseman-gold-says-talks-with-potential-strategic-partner-ongoing-38629.html</guid>
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			<title><![CDATA[RNS press release - Appendix 3Y ]]></title>
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			<pubDate>Tue, 15 May 2012 10:00:00 +0100</pubDate>
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			<title><![CDATA[RNS press release - Price Monitoring Extension ]]></title>
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			<pubDate>Thu, 03 May 2012 16:35:00 +0100</pubDate>
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			<title><![CDATA[News - Norseman Gold says return to basics approach having a "dramatic impact" on costs ]]></title>
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			<description><![CDATA[<p>A &ldquo;return to basics&rdquo; approach appears to be bearing fruit for Norseman Gold (LON:NGL, ASX:NGL) , which said it had seen a &ldquo;dramatic&rdquo; reduction in costs since the turn of the year.</p>]]></description>
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			<pubDate>Thu, 12 Apr 2012 07:29:00 +0100</pubDate>
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			<pubDate>Wed, 11 Apr 2012 07:00:00 +0100</pubDate>
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			<pubDate>Fri, 30 Mar 2012 07:54:00 +0100</pubDate>
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			<title><![CDATA[News - Norseman Gold fulfils ASX requirement for planned A$3 mln fundraising ]]></title>
			<link>http://www.proactiveinvestors.co.uk/companies/news/40102/norseman-gold-fulfils-asx-requirement-for-planned-a3-mln-fundraising-40102.html</link>
			<description><![CDATA[<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/Norseman+Gold" class="companyPopupTrigger" rel="1144">Norseman Gold</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/norseman-gold-1144.html" class="companyPopupTrigger" rel="1144">LON:NGL</a>, ASX:NGL) has fulfilled an Australian regulatory requirement with regards to a fundraising it flagged last month when it announced a deal with new strategic partner Tulla Resources.<br /><br />Tulla has taken over the running of its mine in Western Australia and will lend A$10 million (&pound;6.8 million) to the gold group.&nbsp; Tulla will be issued A$10 million of convertible loan notes with a coupon of 10 per cent and that convert at 6p per share.<br /><br />The miner had also said it was raising a further A$3 million (&pound;2 million) through a placing of 50 million shares at 6 cents apiece.<br /><br />The group told investors today it has lodged a secondary trading prospectus with the Australian Securities Exchange which is required to allow the trading of the shares to be issued.<br /><br />Norseman has also sent a notice to shareholders convening a special meeting for March 30, where it will seek approval for the fundraising and the agreement with Tulla.<br /><br />Norseman said in December it was in talks with a potential partner.<br /><br />Tulla is an Australian resources company and the family vehicle of the Maloney family, which previously ran MAC Services, a supplier of mining accommodation facilities that was sold to Oil States International for A$650 million.<br /><br />Tulla has investments in TSX listed THEMAC Resources, which owns 100 per cent of the Copper Flat project, a porphyry copper-molybdenum-gold-silver project in south-central New Mexico; ASX listed <a href="http://www.proactiveinvestors.co.uk/companies/overview/3935/Altona+Mining" class="companyPopupTrigger" rel="3935">Altona Mining</a>, a copper miner in Finland and ASX listed <a href="http://www.proactiveinvestors.co.uk/companies/overview/3506/Queensland+Mining" class="companyPopupTrigger" rel="3506">Queensland Mining</a>.</p> ]]></description>
			<pubDate>Mon, 12 Mar 2012 10:08:00 +0000</pubDate>
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			<title><![CDATA[RNS press release - Placing Update ]]></title>
			<link>http://www.proactiveinvestors.co.uk/companies/rns/120312ngl1309z/</link>
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			<pubDate>Mon, 12 Mar 2012 07:34:00 +0000</pubDate>
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			<title><![CDATA[RNS press release - Holding(s) in Company ]]></title>
			<link>http://www.proactiveinvestors.co.uk/companies/rns/120309ngl0389z/</link>
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			<pubDate>Fri, 09 Mar 2012 07:50:00 +0000</pubDate>
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			<title><![CDATA[News - Norseman Gold hands over running of mine to Tulla Resources ]]></title>
			<link>http://www.proactiveinvestors.co.uk/companies/news/39603/norseman-gold-hands-over-running-of-mine-to-tulla-resources-39603.html</link>
			<description><![CDATA[<p>&nbsp;</p>
<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/Norseman+Gold" class="companyPopupTrigger" rel="1144">Norseman Gold</a>&lsquo;s (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/norseman-gold-1144.html" class="companyPopupTrigger" rel="1144"><a href="/companies/overview/1144/norseman-gold-1144.html" class="companyPopupTrigger" rel="1144">LON:NGL</a>, ASX:NGL</a>) new partner Tulla Resources has already assumed operational control of the Norseman mine in Australia and has started to re-organise its operations.&nbsp;</p>
<p>The restructuring process is aimed at lowering operating costs and returning <a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/Norseman+Gold" class="companyPopupTrigger" rel="1144">Norseman Gold</a> to a consistent 100,000 ounce producer within two years.</p>
<p>Tulla&rsquo;s plan is also to increase the current resource of 3.4 million ounces of gold at an average grade of 4.7 g/t through mine and regional exploration.</p>
<p>Norseman produced 22,289 ounces of gold in the six months to December, which generated a loss after tax of A$41.8 million after an A$18 million write-down for the mine.&nbsp;</p>
<p>Interim revenues rose 8 per cent to A$32.4 million. The average gold price achieved during the six months period was A$1,607 per ounce.</p>
<p>Under the agreement with Tulla, which is the vehicle of Australian mining entrepreneur Kevin Maloney, it will subscribe for A$10 million of convertible loan notes in <a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/Norseman+Gold" class="companyPopupTrigger" rel="1144">Norseman Gold</a>.</p>
<p>Norseman, which raised A$3 million (&pound;2 million) for working capital through a placing at 6c, will keep control of the mine and equipment.</p>
<p>Tulla Resources is to carry out a more detailed review of all aspects of the operations at Norseman, which is Australia&rsquo;s oldest producing gold mine, including all four mines as part of a comprehensive forward 3 year mine plan and a growth strategy.</p>
<p>Bullen and OK Decline, two of the four operations at the Norseman mine have already been placed on care and maintenance.&nbsp;</p>
<p>&nbsp;</p> ]]></description>
			<pubDate>Wed, 29 Feb 2012 12:33:00 +0000</pubDate>
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			<title><![CDATA[RNS press release - Restructure Update ]]></title>
			<link>http://www.proactiveinvestors.co.uk/companies/rns/120229ngl3671y/</link>
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			<pubDate>Wed, 29 Feb 2012 10:40:00 +0000</pubDate>
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			<title><![CDATA[RNS press release - Half Yearly Report ]]></title>
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			<pubDate>Wed, 29 Feb 2012 10:38:00 +0000</pubDate>
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			<title><![CDATA[News - Norseman Gold unveils Tulla Resources as new strategic partner ]]></title>
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			<description><![CDATA[<p>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 (&pound;6.8 million) to the Aussie gold group.</p>]]></description>
			<pubDate>Thu, 16 Feb 2012 09:20:00 +0000</pubDate>
			<guid>http://www.proactiveinvestors.co.uk/companies/news/39072/norseman-gold-unveils-tulla-resources-as-new-strategic-partner-39072.html</guid>
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			<title><![CDATA[RNS press release - Corporate Changes and Quarterly Report ]]></title>
			<link>http://www.proactiveinvestors.co.uk/companies/rns/120216ngl5362x/</link>
			<description><![CDATA[]]></description>
			<pubDate>Thu, 16 Feb 2012 08:01:00 +0000</pubDate>
			<guid>http://www.proactiveinvestors.co.uk/companies/rns/120216ngl5362x/</guid>
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			<description><![CDATA[16.02.12: -1.20, (4.75) Press: Norseman Gold fell after resource specialist Tulla bought into the company via the purchase of approximately GBP6.8m of convertible loan notes.Tulla will take over the operation of Norseman?s gold project while Norseman retains ownership of the mine. Norseman also raised some GBP2m through the issue of 50m ordinary shares at near 4p per share, significantly below the prevailing price. Source - Financial Times]]></description>
			<pubDate>Thu, 16 Feb 2012 00:00:00 +0000</pubDate>
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			<title><![CDATA[News - Norseman Gold says talks with potential strategic partner ongoing ]]></title>
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			<description><![CDATA[<p><strong><a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/Norseman+Gold" class="companyPopupTrigger" rel="1144">Norseman Gold</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/norseman-gold-1144.html" class="companyPopupTrigger" rel="1144">LON:NGL</a>, ASX:NGL)</strong> said its negotiations with a potential strategic partner are ongoing and it will update investors on its operations and corporate restructuring &ldquo;as soon as possible&rdquo;.<br /><br />Back in December, the group revealed that it was in negotiations with a potential strategic partner, which was looking to take an active role in the development of the group.<br /><br />This potential partner has experience in operating at Norseman, particularly the Harlequin and Bullen mines, and understands the ore bodies and their potential.<br /><br />Norseman&rsquo;s main project is the Norseman mine in Western Australia. At the end of 2011, the company reported that it had reached the targeted hard rock ore at the North Royal open pit, enabling more ore to be added to the overall treatment plant feed.<br /><br />This should result in an increase in the ounces produced as more tonnes will be able to be treated.<br /><br />With a direct focus on cost, the company has decided to suspend mining at the OK Decline to reduce expenditure and focus on the areas of the mine that are performing and/or producing profitable ounces.<br /><br />A detailed review of both the Bullen and Harlequin underground mines and how production and profitability at these mines can be improved is also ongoing with an update expected this year.<br /><br />The progress report on the Bullen and Harlequin review will also include guidance on gold production for the full year.<br /><br />At the end of January, the company requested and was granted a trading halt and later voluntary suspension on the Australian Stock Exchange (ASX), pending an update on its operations and corporate restructuring.<br /><br />Following the trading halt announcement on January 30, shares in Norseman rallied from around 5.5 pence to Friday&rsquo;s close of 7.08 pence. This morning, Norseman tacked on a further 4.5 percent to trade at 7.4 pence, valuing the group at &pound;26.5 million.</p> ]]></description>
			<pubDate>Mon, 06 Feb 2012 08:37:00 +0000</pubDate>
			<guid>http://www.proactiveinvestors.co.uk/companies/news/38629/norseman-gold-says-talks-with-potential-strategic-partner-ongoing-38629.html</guid>
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	"pubdate" => "2012-03-12 10:08:00",
	"seftitle" => "norseman-gold-fulfils-asx-requirement-for-planned-a3-mln-fundraising-40102.html",
	"description" => "<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/Norseman+Gold" class="companyPopupTrigger" rel="1144">Norseman Gold</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/norseman-gold-1144.html" class="companyPopupTrigger" rel="1144">LON:NGL</a>, ASX:NGL) has fulfilled an Australian regulatory requirement with regards to a fundraising it flagged last month when it announced a deal with new strategic partner Tulla Resources.<br /><br />Tulla has taken over the running of its mine in Western Australia and will lend A$10 million (&pound;6.8 million) to the gold group.&nbsp; Tulla will be issued A$10 million of convertible loan notes with a coupon of 10 per cent and that convert at 6p per share.<br /><br />The miner had also said it was raising a further A$3 million (&pound;2 million) through a placing of 50 million shares at 6 cents apiece.<br /><br />The group told investors today it has lodged a secondary trading prospectus with the Australian Securities Exchange which is required to allow the trading of the shares to be issued.<br /><br />Norseman has also sent a notice to shareholders convening a special meeting for March 30, where it will seek approval for the fundraising and the agreement with Tulla.<br /><br />Norseman said in December it was in talks with a potential partner.<br /><br />Tulla is an Australian resources company and the family vehicle of the Maloney family, which previously ran MAC Services, a supplier of mining accommodation facilities that was sold to Oil States International for A$650 million.<br /><br />Tulla has investments in TSX listed THEMAC Resources, which owns 100 per cent of the Copper Flat project, a porphyry copper-molybdenum-gold-silver project in south-central New Mexico; ASX listed <a href="http://www.proactiveinvestors.co.uk/companies/overview/3935/Altona+Mining" class="companyPopupTrigger" rel="3935">Altona Mining</a>, a copper miner in Finland and ASX listed <a href="http://www.proactiveinvestors.co.uk/companies/overview/3506/Queensland+Mining" class="companyPopupTrigger" rel="3506">Queensland Mining</a>.</p> ",
	"link" => "http://www.proactiveinvestors.co.uk/companies/news/40102/norseman-gold-fulfils-asx-requirement-for-planned-a3-mln-fundraising-40102.html"
),
	array(
	"id" => "120312ngl1309z",
	"title" => "RNS press release - Placing Update",
	"pubdate" => "2012-03-12 07:34:00",
	"seftitle" => "",
	"description" => "",
	"link" => "http://www.proactiveinvestors.co.uk/companies/rns/120312ngl1309z/"
),
	array(
	"id" => "120309ngl0389z",
	"title" => "RNS press release - Holding(s) in Company",
	"pubdate" => "2012-03-09 07:50:00",
	"seftitle" => "",
	"description" => "",
	"link" => "http://www.proactiveinvestors.co.uk/companies/rns/120309ngl0389z/"
),
	array(
	"id" => "39603",
	"title" => "News - Norseman Gold hands over running of mine to Tulla Resources",
	"pubdate" => "2012-02-29 12:33:00",
	"seftitle" => "norseman-gold-hands-over-running-of-mine-to-tulla-resources-39603.html",
	"description" => "<p>&nbsp;</p>
<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/Norseman+Gold" class="companyPopupTrigger" rel="1144">Norseman Gold</a>&lsquo;s (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/norseman-gold-1144.html" class="companyPopupTrigger" rel="1144"><a href="/companies/overview/1144/norseman-gold-1144.html" class="companyPopupTrigger" rel="1144">LON:NGL</a>, ASX:NGL</a>) new partner Tulla Resources has already assumed operational control of the Norseman mine in Australia and has started to re-organise its operations.&nbsp;</p>
<p>The restructuring process is aimed at lowering operating costs and returning <a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/Norseman+Gold" class="companyPopupTrigger" rel="1144">Norseman Gold</a> to a consistent 100,000 ounce producer within two years.</p>
<p>Tulla&rsquo;s plan is also to increase the current resource of 3.4 million ounces of gold at an average grade of 4.7 g/t through mine and regional exploration.</p>
<p>Norseman produced 22,289 ounces of gold in the six months to December, which generated a loss after tax of A$41.8 million after an A$18 million write-down for the mine.&nbsp;</p>
<p>Interim revenues rose 8 per cent to A$32.4 million. The average gold price achieved during the six months period was A$1,607 per ounce.</p>
<p>Under the agreement with Tulla, which is the vehicle of Australian mining entrepreneur Kevin Maloney, it will subscribe for A$10 million of convertible loan notes in <a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/Norseman+Gold" class="companyPopupTrigger" rel="1144">Norseman Gold</a>.</p>
<p>Norseman, which raised A$3 million (&pound;2 million) for working capital through a placing at 6c, will keep control of the mine and equipment.</p>
<p>Tulla Resources is to carry out a more detailed review of all aspects of the operations at Norseman, which is Australia&rsquo;s oldest producing gold mine, including all four mines as part of a comprehensive forward 3 year mine plan and a growth strategy.</p>
<p>Bullen and OK Decline, two of the four operations at the Norseman mine have already been placed on care and maintenance.&nbsp;</p>
<p>&nbsp;</p> ",
	"link" => "http://www.proactiveinvestors.co.uk/companies/news/39603/norseman-gold-hands-over-running-of-mine-to-tulla-resources-39603.html"
),
	array(
	"id" => "120229ngl3671y",
	"title" => "RNS press release - Restructure Update",
	"pubdate" => "2012-02-29 10:40:00",
	"seftitle" => "",
	"description" => "",
	"link" => "http://www.proactiveinvestors.co.uk/companies/rns/120229ngl3671y/"
),
	array(
	"id" => "120229ngl3597y",
	"title" => "RNS press release - Half Yearly Report",
	"pubdate" => "2012-02-29 10:38:00",
	"seftitle" => "",
	"description" => "",
	"link" => "http://www.proactiveinvestors.co.uk/companies/rns/120229ngl3597y/"
),
	array(
	"id" => "39072",
	"title" => "News - Norseman Gold unveils Tulla Resources as new strategic partner",
	"pubdate" => "2012-02-16 09:20:00",
	"seftitle" => "norseman-gold-unveils-tulla-resources-as-new-strategic-partner-39072.html",
	"description" => "<p>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 (&pound;6.8 million) to the Aussie gold group.</p>",
	"link" => "http://www.proactiveinvestors.co.uk/companies/news/39072/norseman-gold-unveils-tulla-resources-as-new-strategic-partner-39072.html"
),
	array(
	"id" => "120216ngl5362x",
	"title" => "RNS press release - Corporate Changes and Quarterly Report",
	"pubdate" => "2012-02-16 08:01:00",
	"seftitle" => "",
	"description" => "",
	"link" => "http://www.proactiveinvestors.co.uk/companies/rns/120216ngl5362x/"
),
	array(
	"id" => "",
	"title" => "Broker press",
	"pubdate" => "2012-02-16 00:00:00",
	"seftitle" => "",
	"description" => "16.02.12: -1.20, (4.75) Press: Norseman Gold fell after resource specialist Tulla bought into the company via the purchase of approximately GBP6.8m of convertible loan notes.Tulla will take over the operation of Norseman?s gold project while Norseman retains ownership of the mine. Norseman also raised some GBP2m through the issue of 50m ordinary shares at near 4p per share, significantly below the prevailing price. Source - Financial Times",
	"link" => ""
),
	array(
	"id" => "38629",
	"title" => "News - Norseman Gold says talks with potential strategic partner ongoing",
	"pubdate" => "2012-02-06 08:37:00",
	"seftitle" => "norseman-gold-says-talks-with-potential-strategic-partner-ongoing-38629.html",
	"description" => "<p><strong><a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/Norseman+Gold" class="companyPopupTrigger" rel="1144">Norseman Gold</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/norseman-gold-1144.html" class="companyPopupTrigger" rel="1144">LON:NGL</a>, ASX:NGL)</strong> said its negotiations with a potential strategic partner are ongoing and it will update investors on its operations and corporate restructuring &ldquo;as soon as possible&rdquo;.<br /><br />Back in December, the group revealed that it was in negotiations with a potential strategic partner, which was looking to take an active role in the development of the group.<br /><br />This potential partner has experience in operating at Norseman, particularly the Harlequin and Bullen mines, and understands the ore bodies and their potential.<br /><br />Norseman&rsquo;s main project is the Norseman mine in Western Australia. At the end of 2011, the company reported that it had reached the targeted hard rock ore at the North Royal open pit, enabling more ore to be added to the overall treatment plant feed.<br /><br />This should result in an increase in the ounces produced as more tonnes will be able to be treated.<br /><br />With a direct focus on cost, the company has decided to suspend mining at the OK Decline to reduce expenditure and focus on the areas of the mine that are performing and/or producing profitable ounces.<br /><br />A detailed review of both the Bullen and Harlequin underground mines and how production and profitability at these mines can be improved is also ongoing with an update expected this year.<br /><br />The progress report on the Bullen and Harlequin review will also include guidance on gold production for the full year.<br /><br />At the end of January, the company requested and was granted a trading halt and later voluntary suspension on the Australian Stock Exchange (ASX), pending an update on its operations and corporate restructuring.<br /><br />Following the trading halt announcement on January 30, shares in Norseman rallied from around 5.5 pence to Friday&rsquo;s close of 7.08 pence. This morning, Norseman tacked on a further 4.5 percent to trade at 7.4 pence, valuing the group at &pound;26.5 million.</p> ",
	"link" => "http://www.proactiveinvestors.co.uk/companies/news/38629/norseman-gold-says-talks-with-potential-strategic-partner-ongoing-38629.html"
)
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			<title><![CDATA[RNS press release - Notice of General Meeting ]]></title>
			<link>http://www.proactiveinvestors.co.uk/companies/rns/120517ngl5544d/</link>
			<description><![CDATA[]]></description>
			<pubDate>Thu, 17 May 2012 09:36:00 +0100</pubDate>
			<guid>http://www.proactiveinvestors.co.uk/companies/rns/120517ngl5544d/</guid>
		</item>
		<item>
			<title><![CDATA[RNS press release - Appendix 3Y ]]></title>
			<link>http://www.proactiveinvestors.co.uk/companies/rns/120515ngl3550d/</link>
			<description><![CDATA[]]></description>
			<pubDate>Tue, 15 May 2012 10:00:00 +0100</pubDate>
			<guid>http://www.proactiveinvestors.co.uk/companies/rns/120515ngl3550d/</guid>
		</item>
		<item>
			<title><![CDATA[RNS press release - Price Monitoring Extension ]]></title>
			<link>http://www.proactiveinvestors.co.uk/companies/rns/120503ngl7079c/</link>
			<description><![CDATA[]]></description>
			<pubDate>Thu, 03 May 2012 16:35:00 +0100</pubDate>
			<guid>http://www.proactiveinvestors.co.uk/companies/rns/120503ngl7079c/</guid>
		</item>
		<item>
			<title><![CDATA[RNS press release - Appendix 3Y ]]></title>
			<link>http://www.proactiveinvestors.co.uk/companies/rns/120503ngl6562c/</link>
			<description><![CDATA[]]></description>
			<pubDate>Thu, 03 May 2012 10:15:00 +0100</pubDate>
			<guid>http://www.proactiveinvestors.co.uk/companies/rns/120503ngl6562c/</guid>
		</item>
		<item>
			<title><![CDATA[News - Norseman Gold says return to basics approach having a "dramatic impact" on costs ]]></title>
			<link>http://www.proactiveinvestors.co.uk/companies/news/42185/norseman-gold-says-return-to-basics-approach-having-a-dramatic-impact-on-costs-42185.html</link>
			<description><![CDATA[<p>A &ldquo;return to basics&rdquo; approach appears to be bearing fruit for Norseman Gold (LON:NGL, ASX:NGL) , which said it had seen a &ldquo;dramatic&rdquo; reduction in costs since the turn of the year.</p>]]></description>
			<pubDate>Tue, 01 May 2012 07:24:00 +0100</pubDate>
			<guid>http://www.proactiveinvestors.co.uk/companies/news/42185/norseman-gold-says-return-to-basics-approach-having-a-dramatic-impact-on-costs-42185.html</guid>
		</item>
		<item>
			<title><![CDATA[RNS press release - 3rd Quarter Results ]]></title>
			<link>http://www.proactiveinvestors.co.uk/companies/rns/120501ngl4211c/</link>
			<description><![CDATA[]]></description>
			<pubDate>Tue, 01 May 2012 07:00:00 +0100</pubDate>
			<guid>http://www.proactiveinvestors.co.uk/companies/rns/120501ngl4211c/</guid>
		</item>
		<item>
			<title><![CDATA[RNS press release - Holding(s) in Company ]]></title>
			<link>http://www.proactiveinvestors.co.uk/companies/rns/120426ngl1145c/</link>
			<description><![CDATA[]]></description>
			<pubDate>Thu, 26 Apr 2012 07:26:00 +0100</pubDate>
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		<item>
			<title><![CDATA[RNS press release - Holding(s) in Company ]]></title>
			<link>http://www.proactiveinvestors.co.uk/companies/rns/120412ngl1929b/</link>
			<description><![CDATA[]]></description>
			<pubDate>Thu, 12 Apr 2012 07:29:00 +0100</pubDate>
			<guid>http://www.proactiveinvestors.co.uk/companies/rns/120412ngl1929b/</guid>
		</item>
		<item>
			<title><![CDATA[RNS press release - Result of General Meeting - Replacement ]]></title>
			<link>http://www.proactiveinvestors.co.uk/companies/rns/120411ngl0713b/</link>
			<description><![CDATA[]]></description>
			<pubDate>Wed, 11 Apr 2012 07:00:00 +0100</pubDate>
			<guid>http://www.proactiveinvestors.co.uk/companies/rns/120411ngl0713b/</guid>
		</item>
		<item>
			<title><![CDATA[RNS press release - Result of General Meeting ]]></title>
			<link>http://www.proactiveinvestors.co.uk/companies/rns/120330ngl4343a/</link>
			<description><![CDATA[]]></description>
			<pubDate>Fri, 30 Mar 2012 07:54:00 +0100</pubDate>
			<guid>http://www.proactiveinvestors.co.uk/companies/rns/120330ngl4343a/</guid>
		</item>
		<item>
			<title><![CDATA[News - Norseman Gold fulfils ASX requirement for planned A$3 mln fundraising ]]></title>
			<link>http://www.proactiveinvestors.co.uk/companies/news/40102/norseman-gold-fulfils-asx-requirement-for-planned-a3-mln-fundraising-40102.html</link>
			<description><![CDATA[<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/Norseman+Gold" class="companyPopupTrigger" rel="1144">Norseman Gold</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/norseman-gold-1144.html" class="companyPopupTrigger" rel="1144">LON:NGL</a>, ASX:NGL) has fulfilled an Australian regulatory requirement with regards to a fundraising it flagged last month when it announced a deal with new strategic partner Tulla Resources.<br /><br />Tulla has taken over the running of its mine in Western Australia and will lend A$10 million (&pound;6.8 million) to the gold group.&nbsp; Tulla will be issued A$10 million of convertible loan notes with a coupon of 10 per cent and that convert at 6p per share.<br /><br />The miner had also said it was raising a further A$3 million (&pound;2 million) through a placing of 50 million shares at 6 cents apiece.<br /><br />The group told investors today it has lodged a secondary trading prospectus with the Australian Securities Exchange which is required to allow the trading of the shares to be issued.<br /><br />Norseman has also sent a notice to shareholders convening a special meeting for March 30, where it will seek approval for the fundraising and the agreement with Tulla.<br /><br />Norseman said in December it was in talks with a potential partner.<br /><br />Tulla is an Australian resources company and the family vehicle of the Maloney family, which previously ran MAC Services, a supplier of mining accommodation facilities that was sold to Oil States International for A$650 million.<br /><br />Tulla has investments in TSX listed THEMAC Resources, which owns 100 per cent of the Copper Flat project, a porphyry copper-molybdenum-gold-silver project in south-central New Mexico; ASX listed <a href="http://www.proactiveinvestors.co.uk/companies/overview/3935/Altona+Mining" class="companyPopupTrigger" rel="3935">Altona Mining</a>, a copper miner in Finland and ASX listed <a href="http://www.proactiveinvestors.co.uk/companies/overview/3506/Queensland+Mining" class="companyPopupTrigger" rel="3506">Queensland Mining</a>.</p> ]]></description>
			<pubDate>Mon, 12 Mar 2012 10:08:00 +0000</pubDate>
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		<item>
			<title><![CDATA[RNS press release - Placing Update ]]></title>
			<link>http://www.proactiveinvestors.co.uk/companies/rns/120312ngl1309z/</link>
			<description><![CDATA[]]></description>
			<pubDate>Mon, 12 Mar 2012 07:34:00 +0000</pubDate>
			<guid>http://www.proactiveinvestors.co.uk/companies/rns/120312ngl1309z/</guid>
		</item>
		<item>
			<title><![CDATA[RNS press release - Holding(s) in Company ]]></title>
			<link>http://www.proactiveinvestors.co.uk/companies/rns/120309ngl0389z/</link>
			<description><![CDATA[]]></description>
			<pubDate>Fri, 09 Mar 2012 07:50:00 +0000</pubDate>
			<guid>http://www.proactiveinvestors.co.uk/companies/rns/120309ngl0389z/</guid>
		</item>
		<item>
			<title><![CDATA[News - Norseman Gold hands over running of mine to Tulla Resources ]]></title>
			<link>http://www.proactiveinvestors.co.uk/companies/news/39603/norseman-gold-hands-over-running-of-mine-to-tulla-resources-39603.html</link>
			<description><![CDATA[<p>&nbsp;</p>
<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/Norseman+Gold" class="companyPopupTrigger" rel="1144">Norseman Gold</a>&lsquo;s (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/norseman-gold-1144.html" class="companyPopupTrigger" rel="1144"><a href="/companies/overview/1144/norseman-gold-1144.html" class="companyPopupTrigger" rel="1144">LON:NGL</a>, ASX:NGL</a>) new partner Tulla Resources has already assumed operational control of the Norseman mine in Australia and has started to re-organise its operations.&nbsp;</p>
<p>The restructuring process is aimed at lowering operating costs and returning <a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/Norseman+Gold" class="companyPopupTrigger" rel="1144">Norseman Gold</a> to a consistent 100,000 ounce producer within two years.</p>
<p>Tulla&rsquo;s plan is also to increase the current resource of 3.4 million ounces of gold at an average grade of 4.7 g/t through mine and regional exploration.</p>
<p>Norseman produced 22,289 ounces of gold in the six months to December, which generated a loss after tax of A$41.8 million after an A$18 million write-down for the mine.&nbsp;</p>
<p>Interim revenues rose 8 per cent to A$32.4 million. The average gold price achieved during the six months period was A$1,607 per ounce.</p>
<p>Under the agreement with Tulla, which is the vehicle of Australian mining entrepreneur Kevin Maloney, it will subscribe for A$10 million of convertible loan notes in <a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/Norseman+Gold" class="companyPopupTrigger" rel="1144">Norseman Gold</a>.</p>
<p>Norseman, which raised A$3 million (&pound;2 million) for working capital through a placing at 6c, will keep control of the mine and equipment.</p>
<p>Tulla Resources is to carry out a more detailed review of all aspects of the operations at Norseman, which is Australia&rsquo;s oldest producing gold mine, including all four mines as part of a comprehensive forward 3 year mine plan and a growth strategy.</p>
<p>Bullen and OK Decline, two of the four operations at the Norseman mine have already been placed on care and maintenance.&nbsp;</p>
<p>&nbsp;</p> ]]></description>
			<pubDate>Wed, 29 Feb 2012 12:33:00 +0000</pubDate>
			<guid>http://www.proactiveinvestors.co.uk/companies/news/39603/norseman-gold-hands-over-running-of-mine-to-tulla-resources-39603.html</guid>
		</item>
		<item>
			<title><![CDATA[RNS press release - Restructure Update ]]></title>
			<link>http://www.proactiveinvestors.co.uk/companies/rns/120229ngl3671y/</link>
			<description><![CDATA[]]></description>
			<pubDate>Wed, 29 Feb 2012 10:40:00 +0000</pubDate>
			<guid>http://www.proactiveinvestors.co.uk/companies/rns/120229ngl3671y/</guid>
		</item>
		<item>
			<title><![CDATA[RNS press release - Half Yearly Report ]]></title>
			<link>http://www.proactiveinvestors.co.uk/companies/rns/120229ngl3597y/</link>
			<description><![CDATA[]]></description>
			<pubDate>Wed, 29 Feb 2012 10:38:00 +0000</pubDate>
			<guid>http://www.proactiveinvestors.co.uk/companies/rns/120229ngl3597y/</guid>
		</item>
		<item>
			<title><![CDATA[News - Norseman Gold unveils Tulla Resources as new strategic partner ]]></title>
			<link>http://www.proactiveinvestors.co.uk/companies/news/39072/norseman-gold-unveils-tulla-resources-as-new-strategic-partner-39072.html</link>
			<description><![CDATA[<p>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 (&pound;6.8 million) to the Aussie gold group.</p>]]></description>
			<pubDate>Thu, 16 Feb 2012 09:20:00 +0000</pubDate>
			<guid>http://www.proactiveinvestors.co.uk/companies/news/39072/norseman-gold-unveils-tulla-resources-as-new-strategic-partner-39072.html</guid>
		</item>
		<item>
			<title><![CDATA[RNS press release - Corporate Changes and Quarterly Report ]]></title>
			<link>http://www.proactiveinvestors.co.uk/companies/rns/120216ngl5362x/</link>
			<description><![CDATA[]]></description>
			<pubDate>Thu, 16 Feb 2012 08:01:00 +0000</pubDate>
			<guid>http://www.proactiveinvestors.co.uk/companies/rns/120216ngl5362x/</guid>
		</item>
		<item>
			<title><![CDATA[Broker press ]]></title>
			<link></link>
			<description><![CDATA[16.02.12: -1.20, (4.75) Press: Norseman Gold fell after resource specialist Tulla bought into the company via the purchase of approximately GBP6.8m of convertible loan notes.Tulla will take over the operation of Norseman?s gold project while Norseman retains ownership of the mine. Norseman also raised some GBP2m through the issue of 50m ordinary shares at near 4p per share, significantly below the prevailing price. Source - Financial Times]]></description>
			<pubDate>Thu, 16 Feb 2012 00:00:00 +0000</pubDate>
			<guid></guid>
		</item>
		<item>
			<title><![CDATA[News - Norseman Gold says talks with potential strategic partner ongoing ]]></title>
			<link>http://www.proactiveinvestors.co.uk/companies/news/38629/norseman-gold-says-talks-with-potential-strategic-partner-ongoing-38629.html</link>
			<description><![CDATA[<p><strong><a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/Norseman+Gold" class="companyPopupTrigger" rel="1144">Norseman Gold</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/norseman-gold-1144.html" class="companyPopupTrigger" rel="1144">LON:NGL</a>, ASX:NGL)</strong> said its negotiations with a potential strategic partner are ongoing and it will update investors on its operations and corporate restructuring &ldquo;as soon as possible&rdquo;.<br /><br />Back in December, the group revealed that it was in negotiations with a potential strategic partner, which was looking to take an active role in the development of the group.<br /><br />This potential partner has experience in operating at Norseman, particularly the Harlequin and Bullen mines, and understands the ore bodies and their potential.<br /><br />Norseman&rsquo;s main project is the Norseman mine in Western Australia. At the end of 2011, the company reported that it had reached the targeted hard rock ore at the North Royal open pit, enabling more ore to be added to the overall treatment plant feed.<br /><br />This should result in an increase in the ounces produced as more tonnes will be able to be treated.<br /><br />With a direct focus on cost, the company has decided to suspend mining at the OK Decline to reduce expenditure and focus on the areas of the mine that are performing and/or producing profitable ounces.<br /><br />A detailed review of both the Bullen and Harlequin underground mines and how production and profitability at these mines can be improved is also ongoing with an update expected this year.<br /><br />The progress report on the Bullen and Harlequin review will also include guidance on gold production for the full year.<br /><br />At the end of January, the company requested and was granted a trading halt and later voluntary suspension on the Australian Stock Exchange (ASX), pending an update on its operations and corporate restructuring.<br /><br />Following the trading halt announcement on January 30, shares in Norseman rallied from around 5.5 pence to Friday&rsquo;s close of 7.08 pence. This morning, Norseman tacked on a further 4.5 percent to trade at 7.4 pence, valuing the group at &pound;26.5 million.</p> ]]></description>
			<pubDate>Mon, 06 Feb 2012 08:37:00 +0000</pubDate>
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			<title><![CDATA[RNS press release - Price Monitoring Extension ]]></title>
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			<title><![CDATA[News - Norseman Gold says return to basics approach having a "dramatic impact" on costs ]]></title>
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			<description><![CDATA[<p>A &ldquo;return to basics&rdquo; approach appears to be bearing fruit for Norseman Gold (LON:NGL, ASX:NGL) , which said it had seen a &ldquo;dramatic&rdquo; reduction in costs since the turn of the year.</p>]]></description>
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			<pubDate>Wed, 11 Apr 2012 07:00:00 +0100</pubDate>
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			<pubDate>Fri, 30 Mar 2012 07:54:00 +0100</pubDate>
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			<title><![CDATA[News - Norseman Gold fulfils ASX requirement for planned A$3 mln fundraising ]]></title>
			<link>http://www.proactiveinvestors.co.uk/companies/news/40102/norseman-gold-fulfils-asx-requirement-for-planned-a3-mln-fundraising-40102.html</link>
			<description><![CDATA[<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/Norseman+Gold" class="companyPopupTrigger" rel="1144">Norseman Gold</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/norseman-gold-1144.html" class="companyPopupTrigger" rel="1144">LON:NGL</a>, ASX:NGL) has fulfilled an Australian regulatory requirement with regards to a fundraising it flagged last month when it announced a deal with new strategic partner Tulla Resources.<br /><br />Tulla has taken over the running of its mine in Western Australia and will lend A$10 million (&pound;6.8 million) to the gold group.&nbsp; Tulla will be issued A$10 million of convertible loan notes with a coupon of 10 per cent and that convert at 6p per share.<br /><br />The miner had also said it was raising a further A$3 million (&pound;2 million) through a placing of 50 million shares at 6 cents apiece.<br /><br />The group told investors today it has lodged a secondary trading prospectus with the Australian Securities Exchange which is required to allow the trading of the shares to be issued.<br /><br />Norseman has also sent a notice to shareholders convening a special meeting for March 30, where it will seek approval for the fundraising and the agreement with Tulla.<br /><br />Norseman said in December it was in talks with a potential partner.<br /><br />Tulla is an Australian resources company and the family vehicle of the Maloney family, which previously ran MAC Services, a supplier of mining accommodation facilities that was sold to Oil States International for A$650 million.<br /><br />Tulla has investments in TSX listed THEMAC Resources, which owns 100 per cent of the Copper Flat project, a porphyry copper-molybdenum-gold-silver project in south-central New Mexico; ASX listed <a href="http://www.proactiveinvestors.co.uk/companies/overview/3935/Altona+Mining" class="companyPopupTrigger" rel="3935">Altona Mining</a>, a copper miner in Finland and ASX listed <a href="http://www.proactiveinvestors.co.uk/companies/overview/3506/Queensland+Mining" class="companyPopupTrigger" rel="3506">Queensland Mining</a>.</p> ]]></description>
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			<title><![CDATA[News - Norseman Gold hands over running of mine to Tulla Resources ]]></title>
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<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/Norseman+Gold" class="companyPopupTrigger" rel="1144">Norseman Gold</a>&lsquo;s (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/norseman-gold-1144.html" class="companyPopupTrigger" rel="1144"><a href="/companies/overview/1144/norseman-gold-1144.html" class="companyPopupTrigger" rel="1144">LON:NGL</a>, ASX:NGL</a>) new partner Tulla Resources has already assumed operational control of the Norseman mine in Australia and has started to re-organise its operations.&nbsp;</p>
<p>The restructuring process is aimed at lowering operating costs and returning <a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/Norseman+Gold" class="companyPopupTrigger" rel="1144">Norseman Gold</a> to a consistent 100,000 ounce producer within two years.</p>
<p>Tulla&rsquo;s plan is also to increase the current resource of 3.4 million ounces of gold at an average grade of 4.7 g/t through mine and regional exploration.</p>
<p>Norseman produced 22,289 ounces of gold in the six months to December, which generated a loss after tax of A$41.8 million after an A$18 million write-down for the mine.&nbsp;</p>
<p>Interim revenues rose 8 per cent to A$32.4 million. The average gold price achieved during the six months period was A$1,607 per ounce.</p>
<p>Under the agreement with Tulla, which is the vehicle of Australian mining entrepreneur Kevin Maloney, it will subscribe for A$10 million of convertible loan notes in <a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/Norseman+Gold" class="companyPopupTrigger" rel="1144">Norseman Gold</a>.</p>
<p>Norseman, which raised A$3 million (&pound;2 million) for working capital through a placing at 6c, will keep control of the mine and equipment.</p>
<p>Tulla Resources is to carry out a more detailed review of all aspects of the operations at Norseman, which is Australia&rsquo;s oldest producing gold mine, including all four mines as part of a comprehensive forward 3 year mine plan and a growth strategy.</p>
<p>Bullen and OK Decline, two of the four operations at the Norseman mine have already been placed on care and maintenance.&nbsp;</p>
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			<pubDate>Wed, 29 Feb 2012 10:40:00 +0000</pubDate>
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			<title><![CDATA[News - Norseman Gold unveils Tulla Resources as new strategic partner ]]></title>
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			<description><![CDATA[<p>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 (&pound;6.8 million) to the Aussie gold group.</p>]]></description>
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			<description><![CDATA[16.02.12: -1.20, (4.75) Press: Norseman Gold fell after resource specialist Tulla bought into the company via the purchase of approximately GBP6.8m of convertible loan notes.Tulla will take over the operation of Norseman?s gold project while Norseman retains ownership of the mine. Norseman also raised some GBP2m through the issue of 50m ordinary shares at near 4p per share, significantly below the prevailing price. Source - Financial Times]]></description>
			<pubDate>Thu, 16 Feb 2012 00:00:00 +0000</pubDate>
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			<title><![CDATA[News - Norseman Gold says talks with potential strategic partner ongoing ]]></title>
			<link>http://www.proactiveinvestors.co.uk/companies/news/38629/norseman-gold-says-talks-with-potential-strategic-partner-ongoing-38629.html</link>
			<description><![CDATA[<p><strong><a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/Norseman+Gold" class="companyPopupTrigger" rel="1144">Norseman Gold</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/norseman-gold-1144.html" class="companyPopupTrigger" rel="1144">LON:NGL</a>, ASX:NGL)</strong> said its negotiations with a potential strategic partner are ongoing and it will update investors on its operations and corporate restructuring &ldquo;as soon as possible&rdquo;.<br /><br />Back in December, the group revealed that it was in negotiations with a potential strategic partner, which was looking to take an active role in the development of the group.<br /><br />This potential partner has experience in operating at Norseman, particularly the Harlequin and Bullen mines, and understands the ore bodies and their potential.<br /><br />Norseman&rsquo;s main project is the Norseman mine in Western Australia. At the end of 2011, the company reported that it had reached the targeted hard rock ore at the North Royal open pit, enabling more ore to be added to the overall treatment plant feed.<br /><br />This should result in an increase in the ounces produced as more tonnes will be able to be treated.<br /><br />With a direct focus on cost, the company has decided to suspend mining at the OK Decline to reduce expenditure and focus on the areas of the mine that are performing and/or producing profitable ounces.<br /><br />A detailed review of both the Bullen and Harlequin underground mines and how production and profitability at these mines can be improved is also ongoing with an update expected this year.<br /><br />The progress report on the Bullen and Harlequin review will also include guidance on gold production for the full year.<br /><br />At the end of January, the company requested and was granted a trading halt and later voluntary suspension on the Australian Stock Exchange (ASX), pending an update on its operations and corporate restructuring.<br /><br />Following the trading halt announcement on January 30, shares in Norseman rallied from around 5.5 pence to Friday&rsquo;s close of 7.08 pence. This morning, Norseman tacked on a further 4.5 percent to trade at 7.4 pence, valuing the group at &pound;26.5 million.</p> ]]></description>
			<pubDate>Mon, 06 Feb 2012 08:37:00 +0000</pubDate>
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	"title" => "News - Norseman Gold fulfils ASX requirement for planned A$3 mln fundraising",
	"pubdate" => "2012-03-12 10:08:00",
	"seftitle" => "norseman-gold-fulfils-asx-requirement-for-planned-a3-mln-fundraising-40102.html",
	"description" => "<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/Norseman+Gold" class="companyPopupTrigger" rel="1144">Norseman Gold</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/norseman-gold-1144.html" class="companyPopupTrigger" rel="1144">LON:NGL</a>, ASX:NGL) has fulfilled an Australian regulatory requirement with regards to a fundraising it flagged last month when it announced a deal with new strategic partner Tulla Resources.<br /><br />Tulla has taken over the running of its mine in Western Australia and will lend A$10 million (&pound;6.8 million) to the gold group.&nbsp; Tulla will be issued A$10 million of convertible loan notes with a coupon of 10 per cent and that convert at 6p per share.<br /><br />The miner had also said it was raising a further A$3 million (&pound;2 million) through a placing of 50 million shares at 6 cents apiece.<br /><br />The group told investors today it has lodged a secondary trading prospectus with the Australian Securities Exchange which is required to allow the trading of the shares to be issued.<br /><br />Norseman has also sent a notice to shareholders convening a special meeting for March 30, where it will seek approval for the fundraising and the agreement with Tulla.<br /><br />Norseman said in December it was in talks with a potential partner.<br /><br />Tulla is an Australian resources company and the family vehicle of the Maloney family, which previously ran MAC Services, a supplier of mining accommodation facilities that was sold to Oil States International for A$650 million.<br /><br />Tulla has investments in TSX listed THEMAC Resources, which owns 100 per cent of the Copper Flat project, a porphyry copper-molybdenum-gold-silver project in south-central New Mexico; ASX listed <a href="http://www.proactiveinvestors.co.uk/companies/overview/3935/Altona+Mining" class="companyPopupTrigger" rel="3935">Altona Mining</a>, a copper miner in Finland and ASX listed <a href="http://www.proactiveinvestors.co.uk/companies/overview/3506/Queensland+Mining" class="companyPopupTrigger" rel="3506">Queensland Mining</a>.</p> ",
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	"title" => "News - Norseman Gold hands over running of mine to Tulla Resources",
	"pubdate" => "2012-02-29 12:33:00",
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<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/Norseman+Gold" class="companyPopupTrigger" rel="1144">Norseman Gold</a>&lsquo;s (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/norseman-gold-1144.html" class="companyPopupTrigger" rel="1144"><a href="/companies/overview/1144/norseman-gold-1144.html" class="companyPopupTrigger" rel="1144">LON:NGL</a>, ASX:NGL</a>) new partner Tulla Resources has already assumed operational control of the Norseman mine in Australia and has started to re-organise its operations.&nbsp;</p>
<p>The restructuring process is aimed at lowering operating costs and returning <a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/Norseman+Gold" class="companyPopupTrigger" rel="1144">Norseman Gold</a> to a consistent 100,000 ounce producer within two years.</p>
<p>Tulla&rsquo;s plan is also to increase the current resource of 3.4 million ounces of gold at an average grade of 4.7 g/t through mine and regional exploration.</p>
<p>Norseman produced 22,289 ounces of gold in the six months to December, which generated a loss after tax of A$41.8 million after an A$18 million write-down for the mine.&nbsp;</p>
<p>Interim revenues rose 8 per cent to A$32.4 million. The average gold price achieved during the six months period was A$1,607 per ounce.</p>
<p>Under the agreement with Tulla, which is the vehicle of Australian mining entrepreneur Kevin Maloney, it will subscribe for A$10 million of convertible loan notes in <a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/Norseman+Gold" class="companyPopupTrigger" rel="1144">Norseman Gold</a>.</p>
<p>Norseman, which raised A$3 million (&pound;2 million) for working capital through a placing at 6c, will keep control of the mine and equipment.</p>
<p>Tulla Resources is to carry out a more detailed review of all aspects of the operations at Norseman, which is Australia&rsquo;s oldest producing gold mine, including all four mines as part of a comprehensive forward 3 year mine plan and a growth strategy.</p>
<p>Bullen and OK Decline, two of the four operations at the Norseman mine have already been placed on care and maintenance.&nbsp;</p>
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	"description" => "16.02.12: -1.20, (4.75) Press: Norseman Gold fell after resource specialist Tulla bought into the company via the purchase of approximately GBP6.8m of convertible loan notes.Tulla will take over the operation of Norseman?s gold project while Norseman retains ownership of the mine. Norseman also raised some GBP2m through the issue of 50m ordinary shares at near 4p per share, significantly below the prevailing price. Source - Financial Times",
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	"id" => "38629",
	"title" => "News - Norseman Gold says talks with potential strategic partner ongoing",
	"pubdate" => "2012-02-06 08:37:00",
	"seftitle" => "norseman-gold-says-talks-with-potential-strategic-partner-ongoing-38629.html",
	"description" => "<p><strong><a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/Norseman+Gold" class="companyPopupTrigger" rel="1144">Norseman Gold</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/norseman-gold-1144.html" class="companyPopupTrigger" rel="1144">LON:NGL</a>, ASX:NGL)</strong> said its negotiations with a potential strategic partner are ongoing and it will update investors on its operations and corporate restructuring &ldquo;as soon as possible&rdquo;.<br /><br />Back in December, the group revealed that it was in negotiations with a potential strategic partner, which was looking to take an active role in the development of the group.<br /><br />This potential partner has experience in operating at Norseman, particularly the Harlequin and Bullen mines, and understands the ore bodies and their potential.<br /><br />Norseman&rsquo;s main project is the Norseman mine in Western Australia. At the end of 2011, the company reported that it had reached the targeted hard rock ore at the North Royal open pit, enabling more ore to be added to the overall treatment plant feed.<br /><br />This should result in an increase in the ounces produced as more tonnes will be able to be treated.<br /><br />With a direct focus on cost, the company has decided to suspend mining at the OK Decline to reduce expenditure and focus on the areas of the mine that are performing and/or producing profitable ounces.<br /><br />A detailed review of both the Bullen and Harlequin underground mines and how production and profitability at these mines can be improved is also ongoing with an update expected this year.<br /><br />The progress report on the Bullen and Harlequin review will also include guidance on gold production for the full year.<br /><br />At the end of January, the company requested and was granted a trading halt and later voluntary suspension on the Australian Stock Exchange (ASX), pending an update on its operations and corporate restructuring.<br /><br />Following the trading halt announcement on January 30, shares in Norseman rallied from around 5.5 pence to Friday&rsquo;s close of 7.08 pence. This morning, Norseman tacked on a further 4.5 percent to trade at 7.4 pence, valuing the group at &pound;26.5 million.</p> ",
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			<title><![CDATA[RNS press release - Notice of General Meeting ]]></title>
			<link>http://www.proactiveinvestors.co.uk/companies/rns/120517ngl5544d/</link>
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			<pubDate>Thu, 17 May 2012 09:36:00 +0100</pubDate>
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			<title><![CDATA[RNS press release - Appendix 3Y ]]></title>
			<link>http://www.proactiveinvestors.co.uk/companies/rns/120515ngl3550d/</link>
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			<pubDate>Tue, 15 May 2012 10:00:00 +0100</pubDate>
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			<title><![CDATA[RNS press release - Price Monitoring Extension ]]></title>
			<link>http://www.proactiveinvestors.co.uk/companies/rns/120503ngl7079c/</link>
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			<pubDate>Thu, 03 May 2012 16:35:00 +0100</pubDate>
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			<title><![CDATA[RNS press release - Appendix 3Y ]]></title>
			<link>http://www.proactiveinvestors.co.uk/companies/rns/120503ngl6562c/</link>
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			<pubDate>Thu, 03 May 2012 10:15:00 +0100</pubDate>
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			<title><![CDATA[News - Norseman Gold says return to basics approach having a "dramatic impact" on costs ]]></title>
			<link>http://www.proactiveinvestors.co.uk/companies/news/42185/norseman-gold-says-return-to-basics-approach-having-a-dramatic-impact-on-costs-42185.html</link>
			<description><![CDATA[<p>A &ldquo;return to basics&rdquo; approach appears to be bearing fruit for Norseman Gold (LON:NGL, ASX:NGL) , which said it had seen a &ldquo;dramatic&rdquo; reduction in costs since the turn of the year.</p>]]></description>
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			<title><![CDATA[RNS press release - 3rd Quarter Results ]]></title>
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			<pubDate>Tue, 01 May 2012 07:00:00 +0100</pubDate>
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			<pubDate>Thu, 26 Apr 2012 07:26:00 +0100</pubDate>
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			<title><![CDATA[RNS press release - Holding(s) in Company ]]></title>
			<link>http://www.proactiveinvestors.co.uk/companies/rns/120412ngl1929b/</link>
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			<pubDate>Thu, 12 Apr 2012 07:29:00 +0100</pubDate>
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			<title><![CDATA[RNS press release - Result of General Meeting - Replacement ]]></title>
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			<pubDate>Wed, 11 Apr 2012 07:00:00 +0100</pubDate>
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			<title><![CDATA[RNS press release - Result of General Meeting ]]></title>
			<link>http://www.proactiveinvestors.co.uk/companies/rns/120330ngl4343a/</link>
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			<pubDate>Fri, 30 Mar 2012 07:54:00 +0100</pubDate>
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			<title><![CDATA[News - Norseman Gold fulfils ASX requirement for planned A$3 mln fundraising ]]></title>
			<link>http://www.proactiveinvestors.co.uk/companies/news/40102/norseman-gold-fulfils-asx-requirement-for-planned-a3-mln-fundraising-40102.html</link>
			<description><![CDATA[<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/Norseman+Gold" class="companyPopupTrigger" rel="1144">Norseman Gold</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/norseman-gold-1144.html" class="companyPopupTrigger" rel="1144">LON:NGL</a>, ASX:NGL) has fulfilled an Australian regulatory requirement with regards to a fundraising it flagged last month when it announced a deal with new strategic partner Tulla Resources.<br /><br />Tulla has taken over the running of its mine in Western Australia and will lend A$10 million (&pound;6.8 million) to the gold group.&nbsp; Tulla will be issued A$10 million of convertible loan notes with a coupon of 10 per cent and that convert at 6p per share.<br /><br />The miner had also said it was raising a further A$3 million (&pound;2 million) through a placing of 50 million shares at 6 cents apiece.<br /><br />The group told investors today it has lodged a secondary trading prospectus with the Australian Securities Exchange which is required to allow the trading of the shares to be issued.<br /><br />Norseman has also sent a notice to shareholders convening a special meeting for March 30, where it will seek approval for the fundraising and the agreement with Tulla.<br /><br />Norseman said in December it was in talks with a potential partner.<br /><br />Tulla is an Australian resources company and the family vehicle of the Maloney family, which previously ran MAC Services, a supplier of mining accommodation facilities that was sold to Oil States International for A$650 million.<br /><br />Tulla has investments in TSX listed THEMAC Resources, which owns 100 per cent of the Copper Flat project, a porphyry copper-molybdenum-gold-silver project in south-central New Mexico; ASX listed <a href="http://www.proactiveinvestors.co.uk/companies/overview/3935/Altona+Mining" class="companyPopupTrigger" rel="3935">Altona Mining</a>, a copper miner in Finland and ASX listed <a href="http://www.proactiveinvestors.co.uk/companies/overview/3506/Queensland+Mining" class="companyPopupTrigger" rel="3506">Queensland Mining</a>.</p> ]]></description>
			<pubDate>Mon, 12 Mar 2012 10:08:00 +0000</pubDate>
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			<title><![CDATA[RNS press release - Placing Update ]]></title>
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			<pubDate>Mon, 12 Mar 2012 07:34:00 +0000</pubDate>
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			<title><![CDATA[RNS press release - Holding(s) in Company ]]></title>
			<link>http://www.proactiveinvestors.co.uk/companies/rns/120309ngl0389z/</link>
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			<pubDate>Fri, 09 Mar 2012 07:50:00 +0000</pubDate>
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			<title><![CDATA[News - Norseman Gold hands over running of mine to Tulla Resources ]]></title>
			<link>http://www.proactiveinvestors.co.uk/companies/news/39603/norseman-gold-hands-over-running-of-mine-to-tulla-resources-39603.html</link>
			<description><![CDATA[<p>&nbsp;</p>
<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/Norseman+Gold" class="companyPopupTrigger" rel="1144">Norseman Gold</a>&lsquo;s (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/norseman-gold-1144.html" class="companyPopupTrigger" rel="1144"><a href="/companies/overview/1144/norseman-gold-1144.html" class="companyPopupTrigger" rel="1144">LON:NGL</a>, ASX:NGL</a>) new partner Tulla Resources has already assumed operational control of the Norseman mine in Australia and has started to re-organise its operations.&nbsp;</p>
<p>The restructuring process is aimed at lowering operating costs and returning <a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/Norseman+Gold" class="companyPopupTrigger" rel="1144">Norseman Gold</a> to a consistent 100,000 ounce producer within two years.</p>
<p>Tulla&rsquo;s plan is also to increase the current resource of 3.4 million ounces of gold at an average grade of 4.7 g/t through mine and regional exploration.</p>
<p>Norseman produced 22,289 ounces of gold in the six months to December, which generated a loss after tax of A$41.8 million after an A$18 million write-down for the mine.&nbsp;</p>
<p>Interim revenues rose 8 per cent to A$32.4 million. The average gold price achieved during the six months period was A$1,607 per ounce.</p>
<p>Under the agreement with Tulla, which is the vehicle of Australian mining entrepreneur Kevin Maloney, it will subscribe for A$10 million of convertible loan notes in <a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/Norseman+Gold" class="companyPopupTrigger" rel="1144">Norseman Gold</a>.</p>
<p>Norseman, which raised A$3 million (&pound;2 million) for working capital through a placing at 6c, will keep control of the mine and equipment.</p>
<p>Tulla Resources is to carry out a more detailed review of all aspects of the operations at Norseman, which is Australia&rsquo;s oldest producing gold mine, including all four mines as part of a comprehensive forward 3 year mine plan and a growth strategy.</p>
<p>Bullen and OK Decline, two of the four operations at the Norseman mine have already been placed on care and maintenance.&nbsp;</p>
<p>&nbsp;</p> ]]></description>
			<pubDate>Wed, 29 Feb 2012 12:33:00 +0000</pubDate>
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			<title><![CDATA[RNS press release - Restructure Update ]]></title>
			<link>http://www.proactiveinvestors.co.uk/companies/rns/120229ngl3671y/</link>
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			<pubDate>Wed, 29 Feb 2012 10:40:00 +0000</pubDate>
			<guid>http://www.proactiveinvestors.co.uk/companies/rns/120229ngl3671y/</guid>
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			<title><![CDATA[RNS press release - Half Yearly Report ]]></title>
			<link>http://www.proactiveinvestors.co.uk/companies/rns/120229ngl3597y/</link>
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			<pubDate>Wed, 29 Feb 2012 10:38:00 +0000</pubDate>
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			<title><![CDATA[News - Norseman Gold unveils Tulla Resources as new strategic partner ]]></title>
			<link>http://www.proactiveinvestors.co.uk/companies/news/39072/norseman-gold-unveils-tulla-resources-as-new-strategic-partner-39072.html</link>
			<description><![CDATA[<p>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 (&pound;6.8 million) to the Aussie gold group.</p>]]></description>
			<pubDate>Thu, 16 Feb 2012 09:20:00 +0000</pubDate>
			<guid>http://www.proactiveinvestors.co.uk/companies/news/39072/norseman-gold-unveils-tulla-resources-as-new-strategic-partner-39072.html</guid>
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			<title><![CDATA[RNS press release - Corporate Changes and Quarterly Report ]]></title>
			<link>http://www.proactiveinvestors.co.uk/companies/rns/120216ngl5362x/</link>
			<description><![CDATA[]]></description>
			<pubDate>Thu, 16 Feb 2012 08:01:00 +0000</pubDate>
			<guid>http://www.proactiveinvestors.co.uk/companies/rns/120216ngl5362x/</guid>
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			<title><![CDATA[Broker press ]]></title>
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			<description><![CDATA[16.02.12: -1.20, (4.75) Press: Norseman Gold fell after resource specialist Tulla bought into the company via the purchase of approximately GBP6.8m of convertible loan notes.Tulla will take over the operation of Norseman?s gold project while Norseman retains ownership of the mine. Norseman also raised some GBP2m through the issue of 50m ordinary shares at near 4p per share, significantly below the prevailing price. Source - Financial Times]]></description>
			<pubDate>Thu, 16 Feb 2012 00:00:00 +0000</pubDate>
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			<title><![CDATA[News - Norseman Gold says talks with potential strategic partner ongoing ]]></title>
			<link>http://www.proactiveinvestors.co.uk/companies/news/38629/norseman-gold-says-talks-with-potential-strategic-partner-ongoing-38629.html</link>
			<description><![CDATA[<p><strong><a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/Norseman+Gold" class="companyPopupTrigger" rel="1144">Norseman Gold</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1144/norseman-gold-1144.html" class="companyPopupTrigger" rel="1144">LON:NGL</a>, ASX:NGL)</strong> said its negotiations with a potential strategic partner are ongoing and it will update investors on its operations and corporate restructuring &ldquo;as soon as possible&rdquo;.<br /><br />Back in December, the group revealed that it was in negotiations with a potential strategic partner, which was looking to take an active role in the development of the group.<br /><br />This potential partner has experience in operating at Norseman, particularly the Harlequin and Bullen mines, and understands the ore bodies and their potential.<br /><br />Norseman&rsquo;s main project is the Norseman mine in Western Australia. At the end of 2011, the company reported that it had reached the targeted hard rock ore at the North Royal open pit, enabling more ore to be added to the overall treatment plant feed.<br /><br />This should result in an increase in the ounces produced as more tonnes will be able to be treated.<br /><br />With a direct focus on cost, the company has decided to suspend mining at the OK Decline to reduce expenditure and focus on the areas of the mine that are performing and/or producing profitable ounces.<br /><br />A detailed review of both the Bullen and Harlequin underground mines and how production and profitability at these mines can be improved is also ongoing with an update expected this year.<br /><br />The progress report on the Bullen and Harlequin review will also include guidance on gold production for the full year.<br /><br />At the end of January, the company requested and was granted a trading halt and later voluntary suspension on the Australian Stock Exchange (ASX), pending an update on its operations and corporate restructuring.<br /><br />Following the trading halt announcement on January 30, shares in Norseman rallied from around 5.5 pence to Friday&rsquo;s close of 7.08 pence. This morning, Norseman tacked on a further 4.5 percent to trade at 7.4 pence, valuing the group at &pound;26.5 million.</p> ]]></description>
			<pubDate>Mon, 06 Feb 2012 08:37:00 +0000</pubDate>
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AjaxHelper::$helpers = array
AjaxHelper::$Html = HtmlHelper object
AjaxHelper::$Javascript = JavascriptHelper object
AjaxHelper::$callbacks = array
AjaxHelper::$ajaxOptions = array
AjaxHelper::$dragOptions = array
AjaxHelper::$dropOptions = array
AjaxHelper::$sortOptions = array
AjaxHelper::$sliderOptions = array
AjaxHelper::$editorOptions = array
AjaxHelper::$autoCompleteOptions = array
AjaxHelper::$__ajaxBuffer = array
AjaxHelper::$base = ""
AjaxHelper::$webroot = "/"
AjaxHelper::$themeWeb = NULL
AjaxHelper::$here = "/LON:NGL/Norseman-Gold/all_news"
AjaxHelper::$params = array
AjaxHelper::$action = "all_news"
AjaxHelper::$plugin = "profiles"
AjaxHelper::$data = NULL
AjaxHelper::$namedArgs = NULL
AjaxHelper::$argSeparator = NULL
AjaxHelper::$validationErrors = NULL
AjaxHelper::$tags = array
AjaxHelper::$__tainted = NULL
AjaxHelper::$__cleaned = NULL
AjaxHelper::$_log = NULL
AjaxHelper::$Form = FormHelper object

header - [internal], line ??
include - APP/views/layouts/rss.ctp, line 4
View::_render() - CORE/cake/libs/view/view.php, line 667
View::renderLayout() - CORE/cake/libs/view/view.php, line 454
View::render() - CORE/cake/libs/view/view.php, line 388
Controller::render() - CORE/cake/libs/controller/controller.php, line 806
Dispatcher::_invoke() - CORE/cake/dispatcher.php, line 230
Dispatcher::dispatch() - CORE/cake/dispatcher.php, line 194
[main] - APP/webroot/index.php, line 91