Lapse and Cancellation of Options
October 26 2010 - 4:37AM
UK Regulatory
TIDMNGL
RNS Number : 0030V
Norseman Gold PLC
26 October 2010
Norseman Gold plc / Epic: NGL / Index: AIM & ASX / Sector: Mining & Exploration
26 October 2010
Norseman Gold Plc ('Norseman Gold' or 'the Company')
Lapse and Cancellation of Options
Norseman Gold, the AIM-listed and ASX-listed Australian gold production company
announces that it has cancelled 100,000 share options exercisable at 50p issued
under the Company's Unapproved Employee Share and Share Option Plan in August
2007.
Following cancellation of the 100,000 options, the Company will have 110,000
options exercisable at 50p remaining on issue, which were issued pursuant to the
Company's Unapproved Employee Share and Share Option Plan.
**ENDS**
For further information visit www.norsemangoldplc.com or contact:
+--------------+------------------------+------------------------+
| Barry Cahill | Norseman Gold Plc | Tel: +61 (0) 8 9473 |
| | | 2200 |
| | | E-mail: |
| | | investors@ngold.com.au |
+--------------+------------------------+------------------------+
| Guy Wilkes | Ocean Equities Ltd | Tel: +44 (0) 20 7786 |
| | | 4370 |
+--------------+------------------------+------------------------+
| Nandita | Seymour Pierce Ltd | Tel: +44 (0) 20 7107 |
| Sahgal | Seymour Pierce ltd | 8000 |
| Jeremy | | Tel: +44 (0) 20 7107 |
| Stephenson | | 8000 |
+--------------+------------------------+------------------------+
| Hugo de | St Brides Media & | Tel: +44 (0) 20 7236 |
| Salis / | Finance Ltd | 1177 |
| Isabel | | |
| Crossley | | |
+--------------+------------------------+------------------------+
Note to editors:
Norseman Gold plc is an AIM listed and ASX listed Australian gold production
company, which acquired the Norseman Gold Project in May 2007, Australia's
longest continually running gold operation. The Norseman Gold Project is
located in the Eastern Goldfields of Western Australia in the highly prospective
Norseman-Wiluna greenstone belt, 725km east of Perth and 186km from Kalgoorlie.
Gold was first found on the Norseman field in 1894 and over the last 65 years it
has produced over 5.5 million oz of gold. The mine is currently producing from
two high-grade narrow-vein underground mines - the Bullen and the Harlequin.
Currently, it has a total inventory of 3.8 million oz of gold at an average
grade of 5.3 g/t.
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.
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCMFBPTMBJTMTM
Norseman Gold (LSE:NGL)
Historical Stock Chart
From Jun 2024 to Jul 2024
Norseman Gold (LSE:NGL)
Historical Stock Chart
From Jul 2023 to Jul 2024
