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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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EXPLORATEUR |
CODE : MML.AX |
ISIN : AU000000MML0 |
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Medusa Mining est une société de production minière d'or et de cuivre basée en Australie. Medusa Mining détient divers projets d'exploration aux Philippines. Ses principaux projets en exploration sont CO-O, CORPLEX, ABACUS, ANOLING et APICAL aux Philippines. Medusa Mining est cotée au Canada, au Royaume-Uni, en Australie et en Allemagne. Sa capitalisation boursière aujourd'hui est 125,7 millions AU$ (90,7 millions US$, 89,2 millions €). La valeur de son action a atteint son plus haut niveau récent le 03 juin 2011 à 8,60 AU$, et son plus bas niveau récent le 27 juin 2017 à 0,27 AU$. Medusa Mining possède 207 790 000 actions en circulation. |