Resource Development and Explorations
Resource development and exploration are central to Norton’s long-term growth strategy. Through systematic exploration, resource definition drilling and ongoing geological evaluation, Norton’s Geology team has successfully replaced gold ounces depleted through mining over the past 10 years, while also increasing the Company’s gold resource base by more than 3 million ounces.
This achievement highlights the strength of Norton’s exploration pipeline, the quality of its tenement portfolio and the team’s ability to convert geological opportunities into long-term resource growth.
Resource and Reserves:
Norton Gold Fields Resource Statement (December 2025）
| Measured | Indicated | Inferred | Total Resource | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Mt | g/t | Moz | Mt | g/t | Moz | Mt | g/t | Moz | Mt | g/t | Moz |
| 32 | 0.90 | 0.91 | 191 | 0.9 | 5.26 | 109 | 1.0 | 3.5 | 332 | 0.9 | 9.70 |
| Proven | Probable | Total Reserve | ||||||
|---|---|---|---|---|---|---|---|---|
| Mt | g/t | Moz | Mt | g/t | Moz | Mt | g/t | Moz |
| 22.8 | 0.6 | 0.44 | 112 | 0.8 | 2.90 | 135 | 0.8 | 3.34 |
Mineral Resource updates as of 31 December 2025 now comprise a total Measured, Indicated and Inferred Mineral Resource of 332 Mt at 0.9g/t Au containing 9.7 Moz.
Total Proven and Probable Ore Reserve s of 135 Mt at 0.80g/t Au containing 4.34Moz.