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Norton Gold Project

Mining Lease ML 80035

The Norton Gold Project is a proposed restart of historical open-pit operations within Mining Lease ML 80035, located approximately 70 km south of Gladstone, Queensland.

Project Location

Central Queensland Goldfield

The Norton Gold Mine is located less than 70km by road south of the port city of Gladstone. The project sits within an outcropping area central to a major Intrusion Related Gold System (IRGS) within the northern New England Orogen of eastern Australia.

This region hosts several major gold deposits, demonstrating the significant gold endowment of the geological province.

Location

~70km south of Gladstone

Tenure

Mining Lease ML 80035

Norton Gold Project location map showing position south of Gladstone, Queensland

Geology & Mineralisation

High-Grade Sub-Vertical Shear Zones

Gold mineralisation at Norton occurs within high-grade sub-vertical shear zones that outcrop at surface. Mining Licence ML 80035 contains 8 main shears that make up the currently defined deposit. Three shears have previously been mined or pre-stripped and remain open for future mining.

The primary mineralised structures include the Never Never, Frampton, Chandler, Nine Grams, Little Wonder and Stamper shears. Historical drilling has recorded numerous intercepts exceeding 10 g/t Au at shallow depths, including grades up to 107.9 g/t Au.

Prior selective mining and truck grade data confirm the continuity and high-grade nature of the mineralisation. Individual truckloads have contained in excess of 7 g/t gold with many running well above 15 g/t gold, especially near the intersection of the Frampton and Chandler shears.

Mineralised Shear Structures

Never Never

Primary shear zone with documented high-grade intercepts at shallow depth

Frampton

Extensively drilled structure with historical truck grades confirming continuity

Chandler

Intersects with Frampton shear, hosting high-grade mineralisation at junction

Nine Grams

Sub-vertical shear with recorded grades up to 71 g/t Au

Little Wonder

Additional mineralised structure within the mining lease

Stamper

Defined shear zone included in the project area

Pit Design & Shear Locations

Norton Gold Project pit design showing Never Never, Frampton and Chandler shear locations

Figure: Pit design showing Little Wonder, Frampton and Chandler starter pits with pre-strip areas

Historical Drillhole Locations

Map showing historical drillhole locations within ML 80035

The map illustrates the locations of historical drillholes relative to existing workings within ML 80035. Interrogation of the database yielded numerous intercepts greater than 10g/t gold at shallow depths.

3D Geological Model

3D subsurface geological model of Norton Gold Mine

The 3D Geological Model illustrates the relationship between modelled mineralisation at the Frampton and Never Never workings. This model is being updated with coordinate and level information from recent survey data.

Historical Drilling Results

Documented High-Grade Intercepts

Multiple drilling campaigns between 1985 and 2006 have established a comprehensive geological database. The table below shows selected high-grade intercepts exceeding 10 g/t Au from historical drilling programs.

Hole IDIntervalFromToGradeStructure
NQ-85-190.45m27.34m27.79m107.9 g/t AuFrampton
PG-86-110.5m17.6m18.1m73.7 g/t AuFrampton
NQ-85-100.3m32.3m32.6m71.0 g/t AuNine Grams
NRC-21m27m28m52.0 g/t AuFrampton
NQ-85-21m23m24m36.5 g/t AuFrampton
NQ-85-140.75m22.75m23.5m31.0 g/t AuChandler
NQ-85-190.4m17.9m18.3m30.3 g/t AuFrampton
NRC-262m19m21m26.0 g/t AuFrampton
NQ-85-21m95m96m25.2 g/t AuFrampton
PG-87-101m25m26m24.6 g/t AuNever Never

Note: Selected intercepts from historical drilling programs (1985-2006). Full database includes additional intercepts across all shear structures.

Historical Production Data

Truck Grade Confirmation

Historical mining data from prior operations (2005-06) includes individual truckload gold grades. This data demonstrates the geological continuity of the deposit between drill holes and provides confidence in grade estimation.

Individual truckloads have recorded grades in excess of 7 g/t gold, with many running well above 15 g/t gold. The highest concentrations occur around the intersection of the Frampton and Chandler shears.

The long section below shows truck grades overlain on drill hole data along the Frampton shear, demonstrating the correlation between drilling results and actual mined grades.

> 15 g/t

Multiple truck grades recorded

~900t

Stockpiled material on site

Long Section - Truck Grades vs Drill Data

Long section showing truck grades along Frampton shear overlain on drill hole data

Figure: Truck-load block gold grades at intersection of Frampton and Chandler shears overlain on drill hole data. Red/yellow indicates higher grades.

Ore Sorting Technology

Steinert KSS Sensor-Based Ore Sorter

The project utilises Steinert KSS combination sensor sorting technology, employing X-ray transmission (XRT) and 3D laser scanning to separate gold-bearing material from waste rock based on atomic density and particle characteristics.

Test work conducted on Norton Gold Mine samples demonstrated exceptional results: achieving 91.93% gold recovery in just 14.41% of the feed mass, effectively lifting head grade from 16.10 g/t to 102.71 g/t in the high-grade product stream.

The ore sorter processes material in the 10-300mm size fraction, targeting sulphide-associated gold mineralisation. This beneficiation step significantly reduces the tonnage requiring downstream processing while concentrating gold content.

91.93%

Gold recovery achieved

6.4x

Grade uplift (16.1 to 102.7 g/t)

Steinert KSS combination sensor ore sorter

Steinert KSS sensor-based ore sorter using XRT and 3D laser technology

Steinert ore sorter installed on site

Ore Sorter Installed On Site

Ore sorting facility front view

Ore Sorter Front

Development Strategy

Capital-Light Mining & Ore Upgrading

Selective Open-Pit Mining

Targeting high-grade shear zones through selective mining to maximise gold content per tonne moved. Existing haul roads and site infrastructure support rapid restart.

Sensor-Based Ore Sorting (XRT)

Beneficiation via XRT technology to upgrade run-of-mine material, separating mineralised material from waste rock and improving head grade before further processing.

No On-Site Processing

No on-site smelting or refining required. Upgraded ore product sold to third-party processors or treated under toll arrangements at existing facilities.

This strategy materially reduces capital intensity, shortens time to first cash flow, and limits metallurgical and environmental complexity compared to conventional processing operations.

Site & Equipment

Project Infrastructure

Open pit mining area

Open Pit Mining Area

Ore stockpiles on site

Ore Stockpiles

Ore sorting conveyor system

Ore Sorting Conveyor

Prior mining operations

Prior Mining Operations

Mineralised ore sample

Mineralised Ore Sample

Interested in the Norton Gold Project?

For project enquiries, contractor discussions, or investment interest, contact Norton Mining.

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