Noricum Gold (NMG) has posted an H1 pretax loss of £497,980, from a year-ago loss of £271,422. Most of the losses were attributable to administrative expenses.
- Significant drilling intercepts at the Kvemo Bolnisi East project, including 33m @ 1.04% Cu from surface and 23.2m @ 2.8% Cu from 89.8m
- Board strengthened by appointment of Dr Neil O'Brien and Mr Peter Damouni, both with significant experience in developing and financing mining projects
- Memorandum of Understanding ('MoU') signed with owner of the nearby gold and copper mining operation JSC RMG Gold and JSC RMG Copper ('RMG') to outline mining and processing arrangements for future production