Result of AGM

 

TIDMNGL 
 
RNS Number : 2444X 
Norseman Gold PLC 
02 December 2010 
 

   Norseman Gold Plc. / Epic: NGL / Index: AIM / Sector: Mining & Exploration 
2 December 2010 
                                NORSEMAN GOLD PLC 
                       ('Norseman Gold' or 'the Company') 
                               Results of Meeting 
 
Norseman Gold advises that all the resolutions contained in the Notice of 
Meeting dated 5rd November 2010 and considered at the Annual General Meeting of 
Shareholders were passed on a show of hands. 
 
Proxy Results 
Resolution Number 
1.   To receive and adopt the report and financial statements for the year ended 
30th June 2010.  Resolution carried on show of hands.  (Proxy votes FOR - 
52,922,517, AGAINST - 503, CHAIRMAN'S DISCRETION - 3,493, WITHHELD - 2,000) 
2.   To re-appoint Mr Michael De Villiers as a director of the Company. 
Resolution carried on show of hands. (Proxy votes FOR - 52,922,517, AGAINST - 
503, CHAIRMAN'S DISCRETION - 3,493, WITHHELD - 2,000) 
3.   To re-appoint UHY Hacker Young LLP as auditors. Resolution carried on show 
of hands. (Proxy votes FOR - 52,854,970, AGAINST - 68,050, CHAIRMAN'S DISCRETION 
- 3,493, WITHHELD - 2,000) 
4.   To ratify the allotment and issue of 25,000,000 ordinary shares at GBP0.45 
pence each.  Resolution carried on show of hands. (Proxy votes FOR - 52,605,313, 
AGAINST - 319,707, CHAIRMAN'S DISCRETION - 3,493, WITHHELD - nil) 
5.   To approve the grant of 2,500,000 options to Barry Cahill.  Resolution 
carried on show of hands. (Proxy votes FOR - 52,787,054, AGAINST - 118,856, 
CHAIRMAN'S DISCRETION - 3,493, WITHHELD - 12,110) 
6.   To empower the directors to allot relevant securities pursuant to Section 
551 of the Companies Act 2006.  Resolution carried on show of hands. (Proxy 
votes FOR - 48,839,205, AGAINST - 3,831,303, CHAIRMAN'S DISCRETION - 3,493, 
WITHHELD - 254,512) 
7.   To empower the directors to allot equity securities pursuant to Section 
561(1) of the Companies Act 2006.  Resolution carried on show of hands. (Proxy 
votes FOR - 39,703,336, AGAINST - 12,967,172, CHAIRMAN'S DISCRETION - 3,493, 
WITHHELD - 254,512) 
8.   To amend the Company's Articles of Association.  Resolution carried on show 
of hands. (Proxy votes FOR - 52,416,205, AGAINST - 46,303, CHAIRMAN'S DISCRETION 
- 201,493, WITHHELD - 264,512) 
 
                                  * * ENDS * * 
 
For further information visit www.norsemangoldplc.com or contact: 
 
Barry Cahill                  Norseman Gold Plc. 
Tel: [phone] 
Guy Wilkes                  Ocean Equities Ltd 
Tel: [phone] 
Nandita Sahgal Seymour Pierce Ltd                                          Tel: 
020 7107 8000 
Jeremy Stephenson       Seymour Pierce Ltd                              Tel: 020 
7107 8000 
Hugo de Salis               St Brides Media & Finance Ltd             Tel: 020 
7236 1177 
E-mail                          [e-mail] 
 
Note to editors: 
 
Norseman Gold plc. is an AIM listed and ASX listed Australian gold production 
company, which acquired the Norseman Gold Project in May 2007, Australia's 
longest continually running gold operation.  The Norseman Gold Project is 
located in the Eastern Goldfields of Western Australia in the highly prospective 
Norseman-Wiluna greenstone belt, 725km east of Perth and 186km from Kalgoorlie. 
 
Gold was first found on the Norseman field in 1894 and over the last 65 years, 
it has produced over 5.5 million oz of gold.  The project is currently producing 
from three high-grade narrow-vein underground mines - the Bullen, the Harlequin 
and the OK Declines.  The Company has also commenced development of its fourth 
mine, the North Royal Open Pit.  Currently, it has a total resource inventory of 
3.8 million oz of gold at an average grade of 5.3 g/t. 
 
The tenements cover a 2,180 sq km area centred on the Norseman Township.  The 
landholding comprises 221 tenements consisting of 16 Exploration Licences, 107 
Mining Licences, 64 Prospecting Licences, 15 Miscellaneous Licences, 5 
Exploration Licence Applications, 13 Prospecting Licence Applications and 1 
Mining Lease Application. 
 
The Company's strategy is focused on extending the mine life through the 
conversion of resources into reserves and identifying additional resources and 
obtaining additional ore for the operating mill through the development of a 
fourth and subsequent mines. 
 
The current mill capacity is 720,000 tonnes per annum and, at capacity, the 
treatment plant can produce up to 140,000 ounces of recovered gold. 
 
The Company has fifteen advanced resource projects under review of which three 
have pre-development work being undertaken on them.  It is anticipated that at 
least one if not all the pre-development projects will develop into mining 
propositions. 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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