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Norton is one of the largest
ASX-listed domestically-owned gold producers. It also has active gold,
copper and coal exploration projects.
Norton produces around 140,000 oz per year from its open cut operations at Paddington near Kalgoorlie in Western Australia. The current mine life is in excess of 10 years. Output is expected to increase with the development of the Homestead underground mine now completed.
Development of the Queensland Mount Morgan Mine Project will add a further 30,000 to 35,000 oz per year gold production. Mount Morgan can be in production within twelve months on commencement of construction.
Completion of Homestead and Mount Morgan mines will drive total gold production towards 200,000 oz per year and diversify production sources.
What Norton will become
Norton intends to become a significant gold company
and be increasingly recognised as a company people want to
work for, do business with and own. This will be the result of:
- excellent operations performance
- clear credible strategy being well implemented
- growth demonstrated in the past and planned for the future
- strong balance sheet
- board and management of high capability and highest credibility
- a fully informed market.
Norton's growth will come from acquiring, developing and
operating assets where it can create value.
Norton’s decision-making
and behaviour, in everything we do, will be consistent with the above.
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