May 10 (Reuters) - Tanami Gold NL TAM.AX :
* CO AND NORTHERN STAR RESOURCES AGREE TO RESTRUCTURE CENTRAL TANAMI JV
* NORTHERN STAR WILL PURCHASE FURTHER 10% INTEREST IN CENTRAL TANAMI PROJECT FOR $15M CASH, INCREASING STAKE TO 50%
* CO & NORTHERN STAR RESOURCES TO FORM NEW JV WITH PURPOSE TO COMMENCE MINING OF GROUNDRUSH DEPOSIT AS SOON AS PRACTICABLE COMMENSURATE
* CO & NORTHERN STAR WILL BE JOINTLY RESPONSIBLE FOR FUNDING ALL EXPLORATION & DEVELOPMENT ACTIVITIES CARRIED THROUGH MANAGEMENT CO