NORTON GOLD FIELDS LIMITED 
By About Norton
Norton Gold Fields Limited (ASX:NGF) is an established mid- tier unhedged gold producer.
In FY2012, Norton produced approximately 151, 000 ounces of gold from its open cut and underground operations at Paddington, near Kalgoorlie in Western Australia.
The Company holds extensive granted mining and exploration leases in the pre-eminent Kalgoorlie goldfields, with a land package of 678km2. The Paddington Operations have a current Mineral Resource of
6.2Moz, of which some 1.1Moz is classified as Reserves, for a mine life in excess of ten years.
Norton's growth will come from optimising existing operations and acquiring and developing resources.
For more information, please visit our website. www.nortongoldfields.com.au
Norton Gold Fields (ASX: NGF)ACN: 112 287 797
Level 36, Exchange Plaza
2 The Esplanade
West Perth WA 6005
Australia
Phone +61(0) 8 9263 9700
Fax +61(0) 8 9263 9777
Jinghe Chen Non-Executive Chairman Dianmin Chen Managing Director & Chief Executive Officer 2013 PRODUCTION GUIDANCE1 March 2013
Norton Gold Fields Limited (ASX: NGF) ("Norton" or the "Company") is pleased to provide guidance as to likely production performance at the Paddington Gold Mine during the calendar year 2013. Norton expects production to be in the range of 154,000 - 162,000 ounces at a (C1) cash cost per ounce of A$990 to A$1,090. Norton Managing Director and Chief Executive Officer, Dr Dianmin Chen stated: "Norton's decision to provide production guidance reflects our confidence in achieving the production targets. Our vision is to be a leading long term gold producer in Western Australia, and to achieve this, we have adopted a business model that seeks to attain sustainable and increased production within a strict cost control environment." Norton recently poured the 4 millionth ounce of gold from its Paddington Operations in Kalgoorlie, a timely indicator of the Company's commitment to its West Australian operations.2012 Operating Highlights & 2013 Guidance
Paddington Gold Mine | July -Dec 2012 Actual | Jan - June 2013 Guidance | July - Dec 2013 Guidance |
Gold Production (oz) | 70,173oz | 76,000 - 80,000oz | 78,000 - 82,000oz |
C1 Cash Cost per Ounce | $1,377/oz | $1,060 - 1,140/oz | $900 - 980/oz |
C1 cash cost represents the costs for mining, processing, administration, including accounting movements for stockpiles and gold-in-circuit. It does not include capital costs for exploration, mine development or processing mill capital works. It includes net proceeds from by-product credits. It does not include the cost of royalties.
NORTON ANNOUNCES SIGNIFICANT MINERAL RESOURCES INCREASE FOR ITS BLACK FLAG PROJECT
The Company believes that its previously announced transition to an owner operating model at its Paddington Operations, combined with its portfolio of producing assets, provides a level of predictability in respect of its operations. The new equipment fleet is expected to increase productivity through improved fleet mechanical availability and realise reduced maintenance costs.
In addition, the Company's announcements regarding the Catherwood Right to Mine, the mining of the first ore from Violet and Green Gums open pits, and the significant upgrades to the Enterprise and Black Flag West Projects support Norton's aim to optimise its existing operations and provide a foundation for growth.
"It is expected that, together with cost reduction initiatives, these projects will contribute to higher gold production through higher mill feed grade at reduced costs," Dr Chen said.
Norton continues to actively pursuing growth opportunities arising from its accelerated exploration drilling program, the application of new technology such as heap leaching and through regional transactions.
Norton's Board and management are committed to a disciplined approach to improve shareholder returns and drive the sustainable growth and future direction of the Company.
For further information please contact:
Leni Stanley 61 (0) 7 3221 6022
Richard Jones 61 (0) 8 9263 9724
Company Secretary
Norton Gold Fields Limited
Media:
Annette Ellis 61 (0) 6314 6300
Cannings Purple
Forward Looking Statement
This announcement contains information which is based on projected and/or estimated expectations, assumptions and outcomes.
These forward-looking statements are not guarantees or predictions of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the company's control, and which may cause actual results to differ from those expressed in the statements contained in this release.
Factors that could cause actual results or performance to differ materially from those expressed or implied in the forward - looking statements include, but are not limited to potential changes in:
