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Noricum Gold Ltd is an exploration and development company focussed on the advancement of a number of high grade gold and precious metals assets in south-central Austria. The exploration assets currently comprise 518 exploration licences located across the Salzburg and Carinthia provinces of south and south-west Austria.

Website:
http://www.noricumgold.com/
Phone:
+44 (0)203 326 1726
Address:
47 Charles Street, London W1J 5EL.
Super Sector:
General Mining - Gold
Sector:
Mining
Industry:
Gold Mining
EPIC / Symbols:
LON:NMG
chart-size
*subject to change and depends on individual circumstances.

Noricum Gold RNS Press Releases

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Noricum Gold Articles, News, and Media Files

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Noricum Gold Related Media

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Broker press

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  • 19/04/12
    +0.50 +2.38

    Press: Noricum Gold rose after a positive update from its Schonberg precious metals project.The company highlighted the "exceptional... read more

  • 29/03/12
    +0.25 +2.38

    Press: Noricum Gold rose on encouraging results that showed a narrower loss for the year, coming down to GBP597,000 from GBP1.89m. Source - Mail

Director dealings

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Date Director Trans Amount Type Price(p) Value (£) Holding %
02/12/11 G. Kuenzel TAKE 400,000 ORD 2.50 10,000 1,222,222 N/A
02/12/11 M.E.S. Edwards-Jones TAKE 400,000 ORD 2.50 10,000 1,777,222 0.34
16/02/11 J.S. Whybrow BUY 444,444 ORD 4.50 20,000 1,444,444 0.29
10/02/11 G. Kuenzel BUY 222,222 ORD 4.50 10,000 822,222 0.17
10/02/11 M.E.S. Edwards-Jones BUY 222,222 ORD 4.50 10,000 1,377,222 0.28

BASIC RESULTS INFORMATION

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Date Type Turnover Profit EPS (p) Dividend (p) Currency
30/06/14 Interim 0.00 -0.32 -0.03 0.00 GBX
30/06/13 Interim 0.00 -0.32 -0.04 0.00 GBX
31/12/12 Full year 0.00 -0.79 -0.12 0.00 GBX
30/06/12 Interim 0.00 -0.42 -0.08 0.00 GBX
31/12/11 Full year 0.00 -0.60 -0.12 0.00 GBX

Company Statement

 

Noricum Gold Ltd is an exploration and development company focussed on the advancement of a number of high grade gold and precious metals assets in south-central Austria.

The exploration assets currently comprise 518 exploration licences located across the Salzburg and Carinthia provinces of south and south-west Austria.

Work is currently focussed on the 51 sq km Rotgülden gold and precious metals project, which consists of 15 underground mines including the previously operating gold/copper/silver Rotgülden mine, and the 49 sq km Kliening gold and precious metals project. The Company is actively conducting exploration programmes to advance these licences through the resource development cycle.  Bonanza high grade gold, silver and copper results to date underpin the expanding and exciting potential of the projects and regional continuations.

Noricum also holds a further three exploration licences over prospective land in the region: the 29 sq km Goldeck Project, the 24 sq km Schonberg Project and the 12 sq km Goldzeche Group.

 

Current Operations

Projects

 

ROTGÜLDEN

The 51 sq km Rotgülden Project is located on the border of the Salzburg and Carinthia regions in south-western Austria.

Rotgülden consists of 15 underground mines including the previously operating gold/copper/silver Rotgulden mine, although only the Friedrich adit of the Rotgülden Mine is currently fully accessible.

The Company is currently implementing a defined exploration programme at the historically producing Rotgülden mine focussed on intercepting new massive sulphide targets which are typical of the region.

Exploration is ongoing across the wider Rotgülden area in order to identify the extent of the mineralised strike extensions.  Two further targets, Altenberg and Schurfspitze, have been delineated to date within a prospective 8km strike running through the Rotgülden licence area.  High grade gold and silver results up to 86.4 g/t of gold and 1,011 g/t of silver, and excellent copper samples up to 4.49% copper indicate prolific mineralisation and demonstrate the project's expansive, polymetallic potential.

Access to the Project is via good quality tarred roads and electricity supply and communications networks across the region are also well established.

For more information please click here

 

KLIENING

The prospective Kliening gold project is located circa 100km east of Rotgülden in south-central Austria, in an area that has a history of gold/arsenic mining.  The project has clearly defined geological mineralised structures and offers good access and moderate terrain, ideal for exploration.

Exploration is currently ongoing at this target, focussed on lode style mineralisation at Buchbauer-Bischofeck where historical work, including trenching, mapping and sampling, has confirmed the existence of several groups of parallel vein swarms.  The veins in these swarms are up to 2.5m wide with high gold grades present.  The veins appear 25m apart within the swarms, which can be 100m apart.  Drilling has commenced and is focussed on delineating a Maiden Resource for the area.

Unlike Rotgülden however, hard rock exposure is rare. The concession contains numerous spoil heaps which provide the sole evidence of previous historical mining activity.

 

GOLDECK

Goldeck consists of 63 licences located 35km south of Rotgülden. These licences cover approximately 29 sq km over a mountainous area one kilometre south of the town of Baldramsdorf, reaching a peak elevation of 1,765m above sea level.

This is also an area of historic gold mining albeit on a small scale. A preliminary sampling programme has delineated a wide mineralised structure carrying potentially economic gold grades.

The gold mineralisation is thought to be stratabound and forms a quartz stockwork zone along a schist-marble contact. Reported assay values from channel samples range from 4.8g/t Au to 18.2 g/t Au. This occurrence can be traced for 30m along an exploration drive which had never been drilled or otherwise tested as a gold target.

 

SCHONBERG

Schonberg consists of 54 licences located approximately 100km due east of Rotgülden. These licences are centred on the town of Kittelfeld and Flatschach

The latter is part of the Flatschachgraben mining district which, along with the Brunngraben and Adlitz districts, form a historic copper mining zone.

The geology of the Schonberg licences is more varied than the other licence areas. In the north are Tertiary clastic sediments while the central section is covered by paragneiss and mica schists of the Austroalpine crystalline complexes. The south is dominated by amphibolites also associated with the Austroalpine complexes.

Mineralisation is believed to consist of a number of discordant calcite-dolomite-ankerite veins and extends for approximately 2km in a SW-NE direction. The major ore forming mineral is chalcopyrite.

Sampling and mapping has commenced at this licence, supervised by Professor Johann Raith, Chair of Resource Mineralogy Department at the Mining University in Leoben, Austria.

 

GOLDZECHE

The 25 Goldzeche licences are located approximately 40km due west of Rotgülden. They lie outside of the Tauern window and within the paragneiss and mica schist of the Austroalpine crystalline complexes.

A number of old mine workings are thought to occur within the licence area and are located between 2,600m and 2,900m above sea level. The area is known for historical gold mining centred on the village of Heiligenblurt. Mining activity has been dated back to Roman times although no data is available.

Coarse grained (0.5 - 2mm) gold occurs in quartz veins accompanied by copper dominated sulphide mineralisation (chalcopyrite, sphalerite and galena). Silver minerals are also thought to be abundant as well as fluorite and magnetite.

Management

Marcus Edwards-Jones - Chairman

Marcus Edwards-Jones is managing director (and co-founder) of Lloyd Edwards-Jones S.A.S, a Paris and Dubai-based finance boutique specialising in selling European equities to institutional clients and introducing resources companies to an extensive institutional client base in the UK, Europe, Asia and the Middle East. Prior to founding Lloyd Edwards-Jones S.A.S, Mr. Edwards-Jones held senior positions with Julius Baer, and was head of UK/Continental European equity sales at Credit Lyonnais Securities in London. Mr. Edwards-Jones has significant experience in worldwide institutional capital raisings for UK, Australian & Canadian listed and unlisted companies predominately in the mining and resources sectors. In addition to his duties at Lloyd Edwards-Jones S.A.S, he is a non-executive director of ASX & AIM listed Range Resources Ltd. Mr. Edwards-Jones graduated from Oxford University with an BA in Ancient & Modern History.

 

Gregory Kuenzel ACA - Chief Executive Officer - with responsibility for Finance

Gregory Kuenzel holds a Bachelor of Business Degree and is an associate of the Institute of Chartered Accountants in England and Wales. Mr. Kuenzel has 15 years experience in providing accounting and corporate advice in a diverse range of industry sectors including mining and resource development, venture capital and property. He started his career in the audit and corporate services division of Horwath Perth, chartered accountants, in Australia where he specialised in the resource and venture capital sectors. On moving to the UK in 2003 he was involved in establishing the London office of Global Education Management Systems Limited, a company managing a network of international schools throughout the UK, USA and United Arab Emirates. Following from this, Mr. Kuenzel was responsible for the UK based European financial accounting team of Thomson Scientific Limited, an information solutions provider. For the past 5 years he has been working with AIM listed companies, predominately within the mining and resources industries, providing corporate and financial consulting services. He is currently a non-executive director of AIM listed Charles Street Capital Plc and company secretary to AIM listed Alecto Energy Plc.

 

Jeremy Whybrow - Exploration Director

Jeremy Whybrow (B.Sc. (Mineral Exploration and Mining Geology), G.Dip (Mineral Economics), MAusIMM) has over 12 years' experience in the mining industry both domestically and internationally. Mr. Whybrow has worked for companies such as Sons of Gwalia Ltd, PacMin Mining Corporation Ltd, Teck Australia Pty Ltd, Mount Edon Gold Mines (Aust) Pty Ltd and Croesus Mining NL. His experience has been mainly in the operational environment and includes significant exposure to exploration and mining operations, project evaluation and feasibility studies. Previously, Mr. Whybrow has worked internationally in China, Africa and the Philippines as well as numerous localities in Australia. Mr. Whybrow is exploration director of ASX listed Greenland Minerals & Energy Limited and a director of Convergent Minerals Limited.

 

Roderick McIllree - Non-Executive Director

Mr. McIllree graduated from Curtin University of Technology in 1996 with a Bachelor of Science degree (Mineral Exploration and Mining Geology) and commenced a career in the mining industry where he worked for major mining companies both domestically and internationally, gaining experience in all facets of mining. In 2000, Mr. McIllree moved into the finance sector and worked as a mining analyst and adviser for broking houses active in capital markets. He has experience in international capital markets and was a key member of the teams responsible for several successful mining companies with assets in a variety of jurisdictions including but not limited to Medusa Mining Limited, Anvil Mining Limited, and Kingsrose Mining Limited. Roderick is currently the Managing Director of ASX listed Greenland Minerals and Energy Ltd, a company he founded in 2007.

Major Shareholders

Ordinary Share Structure

The Company is listed on AIM. The Company does not hold any ordinary shares in the Treasury.

Issued and fully paid

Number: 956,439,377

Major Shareholders

As of 4 December 2013 the Company is aware of the following who hold, directly or indirectly, voting rights representing 3% or more of the issued share capital of the Company to which voting rights are set out below.

 

Shares not in public hands: 304,743,888   31.86%

 

Information taken from Company website 19.02.2014

  • Additional Information
    Market
    AIM
    EPIC
    NMG
    Share Price
    0.24p
    Change
    0.02
    Volume
    5,410,498
    Dividend
    0
    EPS
    -0.12
    Shares
    969.04 m
    Offer
    0.25
    Bid
    0.22
    Avg. Vol
    497
    Yield
    0.00
    P/E
    Mkt Cap
    £2.33 m
  • Latest Stocktube
    07/11/2014

    Noricum Gold MD Kuenzel on Schonberg drilling issues

    View full size
  • Contact Information

    NORICUM GOLD Ltd

    47 Charles Street

    London W1J 5EL

    T: +44 (0)203 326 1726

    F: +44 (0)203 006 0269

     

    Corporate Information

    Nominated Adviser and Corporate Broker

    S. P. Angel Corporate Finance LLP

    Prince Frederick House

    35-37 Maddox Street

    London W1S 2PP

     

    Solicitors to the Company as to English Law

    Kerman & Co LLP

    200 Strand

    London WC2R 1DJ

     

    Legal Counsel to the Company as to BVI Law

    Harney Westwood & Riegels LLP

    5th Floor

    5 New Street Square

    London EC4A 3BF

     

    Solicitors to the Company as to Austrian Law

    DLA Piper Weiss-Tessbach Rechtsanwälte GmbH

    Schottenring 14

    1010 Vienna

    Austria

     

    Auditors and Reporting Accountants

    Littlejohn LLP

    1Westferry Circus

    Canary Wharf

    London E14 4HD

     

    Competent Person

    SRK Exploration Services Ltd

    16 Park Grove

    Cardiff

    CF10 3BN

     

    Principal Bankers

    HSBC Bank PLC

    129 New Bond Street

    London W1J 2JA

     

    Depositary

    Computershare Investor Services PLC

    The Pavilions

    Bridgwater Road

    Bristol BS99 6ZZ

    United Kingdom

     

    Registrars

    Capita Registrars

    Northern House

    Woodsome Park

    Fenay Bridge

    Huddersfield, HD8 0GA

    Tel: 0871 664 0300 (calls cost 10p per minute plus network extras. Lines are open 8:30am to 5:30pm Mon-Fri. From overseas: +44 208 639 3399)

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