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4 Jan 2011 12:17
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Norseman Gold plc / Epic: NGL / Index: AIM & ASX / Sector: Mining & Exploration
4 January 2011
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Norseman Gold Plc ('Norseman Gold' or 'the Company')
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Director's Dealings
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Norseman Gold announces the following information pursuant to Rule 17 of the AIM Rules for Companies:
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| Name of director | Barry John Cahill |
Date on which disclosure was made to the Company Β | 4 January 2011 Β Β Β Β Β |
Direct or indirect interest | Indirect & Direct |
Nature of indirect interest Β | Wildpark Nominees Pty Ltd ATF - Cahill Family Trust - Marianna Partners Superannuation Fund (Director/Shareholder) Infinity Resources Pty Ltd (Director) |
Date on which the deal was effected | 30 December 2010 |
No. of securities held prior to change | 5,303,000 ordinary shares Β |
Class | Ordinary shares |
Number acquired | 17,372 |
Number disposed | - |
Consideration Β | Acquired AUD$17,401.95 (AUD$1.002 per share) |
No. of securities held after change | 5,320,372ordinary shares Β |
Nature of change Β | Acquired: on-market trade (Australia) Β |
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**ENDS**
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For further information visit www.norsemangoldplc.comΒ or contact:
Barry Cahill | Norseman Gold Plc | Tel: +61 (0) 8 9473 2222 E-mail: investors@ngold.com.au |
Guy Wilkes | Ocean Equities Ltd | Tel: +44 (0) 20 7786 4370 |
Nandita Sahgal | Seymour Pierce Ltd | Tel: +44 (0) 20 7107 8000 |
Hugo de Salis / Isabel Crossley | St Brides Media & Finance Ltd | Tel: +44 (0) 20 7236 1177 |
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Note to editors:
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Norseman Gold plc is an AIM listed and ASX listed Australian gold production company, which acquired the Norseman Gold Project in May 2007, Australia's longest continually running gold operation. The Norseman Gold Project is located in the Eastern Goldfields of Western Australia in the highly prospective Norseman-Wiluna greenstone belt, 725km east of Perth and 186km from Kalgoorlie.
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Gold was first found on the Norseman field in 1894 and over the last 65 years it has produced over 5.5 million oz of gold. The mine is currently producing from two high-grade narrow-vein underground mines - the Bullen and the Harlequin. Currently, it has a total resource inventory of 3.8 million oz of gold at an average grade of 5.3 g/t.
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The tenements cover a 2,180 sq km area centred on the Norseman Township. The landholding comprises 221 tenements consisting of 16 Exploration Licences, 107 Mining Licences, 64 Prospecting Licences, 15 Miscellaneous Licences, 5 Exploration Licence Applications, 13 Prospecting Licence Applications and 1 Mining Lease Application.
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The Company's strategy is focused on extending the mine life through the conversion of resources into reserves and identifying additional resources and obtaining additional ore for the operating mill through the development of a third and subsequent mines. The Company has fifteen advanced resource projects under review of which three have pre-development work being undertaken on them. It is anticipated that at least one if not all the pre-development projects will develop into mining propositions.
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