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MEDUSA MINING LIMITED
ABN: 60 099 377 849
Unit 7, 11 Preston Street
Como WA 6152
PO Box 860
Canning Bridge WA 6153
Telephone: +618-9367 0601
Facsimile: +618-9367 0602
Email: [email protected]
Internet: www.medusamining.com.au
ANNOUNCEMENT
28 January 2014
OPERATIONS UPDATE
(ASX & LSE: MML)
Medusa Mining Limited ("Medusa" or the "Company"), through its Philippine operating company Philsaga Mining Corporation, are pleased to advise the following:
The heavy rain that caused slippages and landslides in several areas around the Co-O Mine has eased and the Company has re-commenced mining activities at the Co-O Mine.
The inclement weather also caused extensive damage to several sections of the haul road between the Co-O Mine and Mill and work to repair damaged sections of the haul road is in progress. The Company is currently evaluating several alternate routes to overcome the temporary haulage issue whilst the old route is being repaired.
In addition to general clearing activities at both the Co-O Mine and Mill as a result of the aftermath of the low pressure system, the Company has assessed and conducted structural inspections on all its property.
At the Mill, the new SAG Mill is currently operating at 2,000 tpd.
For further information please contact:
Australia
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Medusa Mining Limited
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+61 8 9367 0601
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Peter Hepburn-Brown, Managing Director
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United Kingdom
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SP Angel Corporate Finance LLP (Financial Adviser & Broker)
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+44 (0)20 3463 2260
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Ewan Leggat/Laura Littley
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Medusa Mining Ltd
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EXPLORATION STAGE |
CODE : MML.AX |
ISIN : AU000000MML0 |
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Medusa Mining is a gold and copper producing company based in Australia. Medusa Mining holds various exploration projects in Philippines. Its main exploration properties are CO-O, CORPLEX, ABACUS, ANOLING and APICAL in Philippines. Medusa Mining is listed in Australia, in Canada, in Germany and in United Kingdom. Its market capitalisation is AU$ 125.7 millions as of today (US$ 90.7 millions, € 89.2 millions). Its stock quote reached its highest recent level on June 03, 2011 at AU$ 8.60, and its lowest recent point on June 27, 2017 at AU$ 0.27. Medusa Mining has 207 790 000 shares outstanding. |