Director/PDMR Shareholding (0025H)
20 May 2011 - 7:30PM
UK Regulatory
TIDMNGL
RNS Number : 0025H
Norseman Gold PLC
20 May 2011
Norseman Gold plc / Epic: NGL / Index: AIM & ASX / Sector:
Mining & Exploration
20 May 2011
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
------------------------------ -------------------------------------------
Date on which disclosure was
made to the Company 20 May 2011
------------------------------ -------------------------------------------
Direct or indirect interest Indirect & Direct
------------------------------ -------------------------------------------
Wildpark Nominees Pty Ltd
ATF
- Cahill Family Trust
- Marianna Partners Superannuation
Fund (Director/Shareholder)
Infinity Resources Pty Ltd
Nature of indirect interest (Director)
------------------------------ -------------------------------------------
Date on which the deal was Various dates up to 19 May
effected 2011
------------------------------ -------------------------------------------
No. of securities held prior 5,371,372 ordinary shares
to change 2,500,000 options
------------------------------ -------------------------------------------
Class Ordinary shares
------------------------------ -------------------------------------------
Number acquired 505,000
------------------------------ -------------------------------------------
Number disposed -
------------------------------ -------------------------------------------
Consideration Acquired AUD$127,459.65 (AUD$0.252
per share)
------------------------------ -------------------------------------------
No. of securities held after 5,876,372 ordinary shares
change 2,500,000 options
------------------------------ -------------------------------------------
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 Sahgal/Jeremy Seymour Pierce Ltd Tel: +44 (0) 20 7107
Stephenson 8000
Hugo de Salis St Brides Media & Finance Tel: +44 (0) 20 7236
/ 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 three high-grade narrow-vein
underground mines - the Bullen, the Harlequin and the OK Decline -
and is also mining the historic North Royal open pit. 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 additional 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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