Norton Gold Fields
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 ANNUAL REPORT

 

View Norton's 2008 Annual Report

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History  

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Our 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, significant shareholder and current technical director. Since listing, the company has undergone a rapid transformation through acquiring and transforming the Paddington Gold Mine and assembling an experienced and high capability board and management team.

Significant events:

YEAR

2005
2005
2005

2006
2006
2006
2006

2007
2007
2007
2007
2007
2007

2008
2008
2008      

MONTH

Sep
Nov
Dec

Mar
Apr
Sep
Oct

Jan
Apr
Jun
Aug
Sep
Dec

Jan
Jan
Feb
May
Jul
8      

EVENT

The Company is listed
Norton Gold Mine is brought into production 
First gold pour for the Norton Gold Mine

A. Anthony McLellan is elected to the Board
Middlemount coal tenement is acquired
Jon Parker joins the Board
Gold mining at the Norton Gold Mine is suspended

A contract is entered to acquire the Mt Morgan Gold Project
A contract is entered to acquire the Paddington Gold Mine
A mandate with Lehman Brothers is secured to raise funds
$75M is raised and the Paddington acquisition is completed
Mark McCauley joins the Board
Production of 63.0 koz gold exceeds target (Aug-Dec) of 53.4 koz

Reserve/Resource restatement lifts mine life to +10 yrs
Jon Parker is appointed Managing Director
Homestead underground development feasibility study is announced
Proposed takeover of Bellamel Mining announced
Drilling indicates potential for large open cut PCI coal mine
2008      

Norton Today

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

Norton is based in Brisbane, Australia; its current focus is on Australia and gold. Norton owns and operates the Paddington Gold Mine in Kalgoorlie and the Mt Morgan Gold Project in Queensland.

Norton is following an explicit strategy of growth founded on repositioning the Paddington operation to liberate latent value, developing the Mount Morgan Project as a demonstration case and to realize its full potential, and identifying and capturing other opportunities to create superior value for shareholders.

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