logo-loader

Norseman Gold shares temporarily suspended in Australia

Published: 20:30 27 Sep 2010 AEST

no_picture_pai

 

Norseman Gold  (ASX: NGX, LON: NGL) has requested a trading halt on the Australian Securities Exchange, pending the release of an announcement about a capital raising.

ASX trading is expected to resume once an announcement is made, or on Thursday 30th September 2010.

On September 20 Norseman announced that it is closer to adding a fourth mine to its Norseman gold project in Australia after making both operational and regulatory progress at the North Royal open pit.

The company said that pit optimisation at North Royal has identified 85,000 ounces of resource capable of being mined in the initial Main Pit area, while reporting progress with the dewatering as well as obtaining regulatory approvals for the commencement of mining.

So far, Norseman has secured approval from the Department of Mines & Petroleum (DMP) to commence surface infrastructure works and has received a bond request from the DMP relating to the proposed mining activities.

Australian Strategic Materials signs US$600 million LoI

Rowena Smith, CEO and managing director of Australian Strategic Materials Ltd (ASX:ASM, OTC:ASMMF), joins Jonathan Jackson in the Proactive studio to discuss the company’ s Dubbo Project, in Central West New South Wales. This project aims to extract and process critical minerals and rare earth...

11 hours, 56 minutes ago