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Additional Information

Market:	ASX / AIM
Sector:	Gold Mining
EPIC:	NGX
Latest Price:	0.07 (0.00%)
52-week High:	0.90
52-week Low:	0.07
Market Cap:	14.52M

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Norseman Gold Full Norseman Gold profile here

Norseman Gold (ASX: NGX, LON: NGL) operates Australia’s longest continuously running gold mining operation, which has produced over 5.5 million ounces of gold over a period of more than 65 years from the Norseman field in Western Australia.

In addition to the two producing high-grade underground gold mines, the Company has a portfolio of highly perspective, advanced exploration targets to support continued future production. The Company has a strong management team with extensive experience in the resource, as well as considerable knowledge in corporate and strategic planning, acquisitions and finance.

Sprott Asset Management ups stake in Norseman Gold to 12.6%

Friday, January 22, 2010

Toronto based investment firm, Sprott Asset Management (TSX: SII) has increased its stake in Australian gold producer Norseman Gold (ASX & AIM: NGL) to 12.6%.

Norseman Gold’s principal asset is the Norseman gold project, which currently has a total resource inventory of 2.1 Mt (million tonnes) at a grade of 5.4 g/t (grams per tonne) gold for 3.6 million oz (ounces), with a reserve inventory of 1.2 Mt grading 8.2 g/t gold for 310,000 oz.

Norseman produced 80,753 oz of gold in 2009 at a cash cost of A$715 per oz with both marking improvements over the previous year, while ending the year debtless and wish a cash balance of A$32.6 million.

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