Norton Gold Mine (100%) and Many Peaks Copper Project
(70%)
The Norton Gold Mine, located in the Boyne Valley, ~100 kilometres south west of Gladstone, Central Queensland was first discovered and brought into operation in the late 1800s. Records indicate that 16,000oz of gold were produced from underground workings in the years up to 1900. Open cut mining in the 1990s produced a further 1,285oz of gold.
Norton reported in its 2005 Prospectus a total measured, indicated and inferred resource of 453,000 tonnes of ore grading 7.4g/t for 107,000oz of gold.
Ore from the Norton mine was toll treated at the Gympie plant from November 2005 until operations were suspended in October 2006 due to issues at the Gympie plant. The Gympie plant has since closed.
The Norton Gold Mine is prospective for reopening in circumstances where ore can be treated via the Mount Morgan process plant, subject to the approval of the Queensland Government, or via a tolling arrangement with a third party. Norton Gold Mine is currently in care-and-maintenance.
The Many Peaks Copper Project, located ~25 kilometres south of the Norton Gold Mine is a joint venture in which Norton holds a 70% interest. Many Peaks produced over 500,000 tonnes of copper ore from mining operations from the early 1900s. Many Peaks is an exploration project.
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