monarch ramps up davyhurst production, page-15

News from Norton

ASX/Media Release
8 October 2007
Norton Gold Fields Announces Gold Production of
18,183 Ounces from 25 August to 30 September
Following its acquisition of the Paddington Gold Mine on 24 August 2007, Norton
Gold Fields (ASX symbol: NGF) (Norton) has shipped 18,183 ounces of gold in the
five week period until the 30 September.
During this period Paddington processed a total of 308,750 tonnes of ore grading
1.92 g/t, and shipped 18,218 ounces. Norton has previously forecast an
annualised gold production of 150,000 ounces per annum, supporting the
Company’s move to make it the 4th largest ASX listed Australian gold producer.The Paddington Mine is now operating two open cut pits at its Natal and
Havana projects. The Natal mine is currently producing the bulk of the ore for
processing with Havana being pre-stripped of overburden before reaching the
ore zone.
The transition period between Barrick and Norton has progressed remarkably
smoothly. Norton has been successful in its recruitment effort to fill key senior
management positions in a highly competitive market. The company has
successfully encouraged contractors to join staff where appropriate and to have
the bulk of the workforce resident in Kalgoorlie.
Norton Managing Director, Mr Tim Prowse, said, “The results from this first
operating month are very encouraging and demonstrate the commitment of
the staff to produce results. The production over 18,000 ounces of gold in 5
weeks shows we are well on track to meet and exceed production targets.
Clearly it is early days, however it certainly shows we are a serious player with all
on site actively working to improve efficiency and build an exciting future.”
Norton Gold Fields Builds Executive Team
Norton also announces the appointment of Mr Simon Brodie as Chief Financial
Officer, effective 5 November 2007.
At Norton, Mr Brodie will assume responsibility for the Company’s key finance
activities, including financial reporting, Group funding and treasury functions
along with significant input into corporate strategy.
Mr Brodie joins Norton Gold Fields with a strong background in the resources
industry. Most recently he has served as chief financial officer of Tamaya
Resources, which has grown rapidly through a series of mergers and acquisitions.
Norton managing director, Tim Prowse, said that the Company was pleased to
have been able to attract a finance executive with experience in a company


150000 Ounzen per annum and 4 largest Producer on The ASX


Monarch 500000 Ounzen per Annum and what???