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Young Australian Mines Ltd.
Young Australian Mines Ltd.
Registriert in: Australien WKN: A0EAPA Rohstoffe:
Art: Originalaktie ISIN: AU000000MOL6 Gold
Kupfer
Kobalt
Heimatbörse: Sydney/Melbourne Alternativ: MOL.TO
Währung: AUD    
Symbol: MOL.AX Forum:

Moly Mines-Quarterly Activities Report

31.10.2014 | 12:00 Uhr | Marketwired

TORONTO, ONTARIO--(Marketwired - Oct 31, 2014) - Moly Mines Ltd. (ASX:MOL) reports the highlights of their Quarterly Activities Report and Quarterly Cashflow Report for the period ending September 30, 2014.

HIGHLIGHTS (all amounts are in A$ unless otherwise stated)

Operations (unaudited):

  • MRL has advised Moly Mines Ltd. (the Company) that 272,987 tonnes of iron ore has been transported from Spinifex Ridge during the September quarter.

  • Operational control at Spinifex Ridge will transition back to MOL as the end of the economic minelife approaches.

  • The Spinifex Ridge Molybdenum / Copper Project remains on care and maintenance.

Corporate and Finance (unaudited):

  • Cash on hand at end of Quarter was $70.6M, up from $70.4M at end of previous Quarter.

  • New Board appointments have been made to increase focus on new project acquisitions.

  • Mr Gregory Jones and Mr Anthony Martin were appointed as Independent Non-executive Directors on 22nd August 2014 to strengthen technical capabilities of the Board.

  • Hanlong nominee Mr Lou Guo Qing was appointed a Non-executive Director on 22nd August 2014.

  • MOL shares were delisted from the Toronto Stock Exchange (TSX) on 4th July 2014.

  • MOL submitted application to each of the Canadian regulatory jurisdictions in which it is a reporting issuer, for a decision that the Company cease to be a reporting issuer in Canada.

Exploration

  • No exploration activity

The full Quarterly Activities Report and Quarterly Cashflow Report are available on the Company website (www.molymines.com) and on SEDAR (www.sedar.com).

ABN 32 103 295 521



Contact

Moly Mines Ltd.
Natalie Frame
Investor Relations
+1 416 371 7541
www.molymines.com

 
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