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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
21 January 2014
OPERATIONS UPDATE
(ASX & LSE: MML)
Medusa Mining Limited ("Medusa" or the "Company"), through its Philippine operating company Philsaga Mining Corporation, wishes to announce the following:
There has been an intense Low Pressure System situated over the southern section of Mindanao for the past two weeks resulting in heavy rains, which has caused extensive flooding. Several sections of the highway from Davao to the mine site are inaccessible as a result of flooding.
At the Company's operations, incessant rain has caused slippages and landslides in several areas around the mine and as a precautionary measure, the Company has ceased all mining activities.
There have been no reported injuries.
The Company will release updates as and when the situation changes.
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. |