Norton wishes to make clear that it has no present intention to make a takeover offer for the remaining shares in the Phoenix which it does not already own or control, however reserves the right to revisit this position in the future.
This area is recognized as an extremely prospective mineral belt for gold and silver deposits. Furthermore, this area is a virgin district having never been discovered or worked by the Spanish and there are no historic mining records.
The ammonium citrate leach results, which provide approximate sulphide nickel content, suggest the majority of assayed intervals contain a significant proportion of sulphide hosted nickel that may be available for recovery by conventional flotation methods.
''The Ministerial Statement is the culmination of two and a half years of comprehensive environmental and technical studies, extensive community and stakeholder engagement, and thorough assessment by government agencies.''