Norton Gold Fields
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View Norton's 2009 Annual Report
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History  

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Norton's history

Norton Gold Fields Limited was listed on the Australian Securities Exchange in September 2005 following a successful IPO led by Tim Prowse, the founding managing director, current technical director and significant shareholder.

Subsequently, Norton has been transformed by acquiring and re-invigorating the Paddington Gold Mine, assembling an experienced, high capability board and management team, and undertaking a series of transactions and advancing the Company's development projects.

Milestones:

Year

2005
2005
05
2006
2006
2006
2006

2007
2007
2007
2007
2007
2007

2008
2008
2008
2008
2008
2008
2008
2008
2008

2009
2009
2009      

2009
2009
2009

Month

Sep
Nov

Mar
Apr
Sep
Oct

Jan
Apr
Aug
Sep
Nov
Dec

Jan
Jan
May
Jul
Sep
Sep
Oct
Oct
Oct

Apr
Apr
Jun

Jul
Jul
Oct

Event

Norton listed on ASX
Norton Gold Mine started production 

A. Anthony McLellan joined the Board
Middlemount coal tenement acquired
Jon Parker joined the Board
Mining at Norton Gold Mine suspended

Contract entered to acquire the Mount Morgan Mine Project
Contract entered to acquire the Paddington Gold Mine
$75M raised, Paddington acquisition completed
Mark McCauley joined the Board
Mount Morgan acquisition completed
Paddington August-December production of 63,020 oz vs target of 53,400 oz

Reserve/Resource restatement lifted mine life to +10 yrs
Jon Parker appointed Managing Director
Takeover of Bellamel Mining Limited proposed
Drilling indicated potential for open cut PCI coal mine at Middlemount
Takeover of Bellamel Mining Limited completed
Hedge payments suspended (Lehman Bros in Ch. 11)
Takeover of Bellamel completed
Homestead project development approved subject to Paddington self funding
Development of Mount Morgan Mine Project approved subject to funding

Development of Homestead underground mine commenced
Sienna Coal Resource of 57 Mt defined
Homestead Underground Mine official opening with Western Australian Minister for Mines and Petroleum
Paddington releases second Life of mine Plan (LoM)
Increased Resource and Reserve for Paddington
Capital raising of $40.5M at 32.83 cents per share

Norton today

Norton is a mining company with an operating gold mine, gold development projects and a portfolio of prospective exploration projects.

The Company is based in Brisbane, Australia; its current focus is on Australia and gold; Norton is predicated on growth.

Norton's future

Norton has an explicit growth strategy based on reconfiguring its Paddington gold operation to increase output. Developing the Mount Morgan Mine Project will add up to 35,000 oz pa of gold production via tailings retreatment, and identifying and realising other opportunities to profitably grow the Company.

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