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Overview

The Norton Gold Mine, located in the Boyne Valley, was first discovered and brought into operation in the late 1800s. Records indicate that 16,000 oz of gold were produced from underground workings in the years up to 1900. More recent open cut mining in the 1990s produced a further 1,285 ounces of gold.

Norton reported in its 2005 Prospectus that recent exploration work had established a total resource of 453,000 tonnes of ore containing over 100,000 oz of gold.

As the resource size was insufficient to justify construction of a processing plant, Buka Gold Limited was contracted to undertake toll treatment at its Gympie plant from November 2005. Mining operations were suspended in October 2006 due to operational issues at the Gympie plant which has since closed.

Operations at the Norton Gold Mine remain suspended.

Norton also owns a 70% interest in the Many Peaks Copper Mine, located ~25 kilometres south of the Norton Gold Mine. Many Peaks produced over 500,000 tonnes of copper ore from mining operations from the early 1900s.

The project has the status of a copper exploration property. Estimates of mining potential range up to 10M tonnes of copper ore. This could support a medium scale copper/gold mining and processing operation.

Reserves and Resources

The Norton Gold Mine has a total measured, indicated and inferred resource of 453,000 tonnes grading 7.4 g/t for 107,000 oz. No resources have been quoted for Many Peaks.

Processing

No processing on site, all ore will be toll treated at a remote facility.

Production

Not in production

Developments

Options are currently being assessed.

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