Director/PDMR Shareholding
November 05 2010 - 5:23AM
UK Regulatory
TIDMNGL
RNS Number : 6964V
Norseman Gold PLC
05 November 2010
Norseman Gold Plc ('Norseman Gold' or 'the Company')
Director's Dealings
Norseman Gold announces the following information pursuant to Rule 17 of the AIM
Rules for Companies:
+-------------------------------+------------------------------+
| Name of director | Barry John Cahill ("BJC") |
+-------------------------------+------------------------------+
| Date on which disclosure was | 5 November 2010 |
| made to the Company | |
| | |
| | |
| | |
| | |
+-------------------------------+------------------------------+
| Direct or indirect interest | Direct and Indirect |
+-------------------------------+------------------------------+
| Nature of indirect interest | 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 | Various dates between1 |
| effected | November and 4 November 2010 |
+-------------------------------+------------------------------+
| No. of securities held prior | 5,202,000 ordinary shares |
| to change | |
+-------------------------------+------------------------------+
| Class | Ordinary shares |
+-------------------------------+------------------------------+
| Number acquired | 101,000 ordinary shares |
+-------------------------------+------------------------------+
| Number disposed | - |
+-------------------------------+------------------------------+
| Consideration | Acquired: AUS$100,179.70 |
| | |
+-------------------------------+------------------------------+
| No. of securities held after | 5,303,000 ordinary shares |
| change | |
+-------------------------------+------------------------------+
| Nature of change | Acquired: on-market trade |
| | (Australia) |
| | |
+-------------------------------+------------------------------+
**ENDS**
For further information visit www.norsemangoldplc.com 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 | Seymour Pierce Ltd | Tel: +44 (0) 20 7107 |
| Sahgal | | 8000 |
+--------------+------------------------+------------------------+
| Hugo de | St Brides Media & | Tel: +44 (0) 20 7236 |
| Salis / | Finance Ltd | 1177 |
| Isabel | | |
| Crossley | | |
+--------------+------------------------+------------------------+
Note to editors:
Norseman Gold plc is a dual AIM 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 resource 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
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