Medusa Mining Limited
ASX : MML
LSE : MML

Medusa Mining Limited

April 14, 2013 21:08 ET

Medusa Mining Limited: Investor Presentation April 2013

PERTH, WESTERN AUSTRALIA--(Marketwired - April 14, 2013) - Medusa Mining Limited (ASX:MML)(LSE:MML)

SNAPSHOT OF MEDUSA

  • Un-hedged, low cost gold producer focused on organic growth in the Philippines
  • 5 year, 2-phase growth path to production of 400,000 ounces per year underpinned by strong cash flow from Co-O Mine (narrow vein underground)
  • Targeted production:
    • FY 2013 (revised): 70,000 to 80,000 ounces at cash costs circa US$290 per ounce
    • FY 2014: 200,000 ounces at cash costs circa US$220 per ounce
    • FY 2015: 200,000 ounces at cash costs circa US$230 per ounce
  • Total Mineral Resources now in excess of 3 million ounces
  • Conceptual exploration target size** of Co-O Mine of 3 to 7 million ounces
  • Excellent exploration upside (820 km2 of tenement):
    • high grade vein and disseminated bulk gold targets, plus nine copper targets
    • exploration budget for FY 2013 of US$25M
** The potential exploration target size and grade of the Co-O Mine is conceptual in nature and there has been insufficient exploration to define a mineral resource. It is also uncertain if further exploration will result in the target being defined as a mineral resource.

To view the presentation, please visit the following link: http://file.marketwire.com/release/MML0412.pdf

ABN: 60 099 377 849

Contact Information

  • Australia
    Medusa Mining Limited
    Peter Hepburn-Brown
    Managing Director
    +61 8 9367 0601
    www.medusamining.com.au

    United Kingdom
    SP Angel Corporate Finance LLP
    (Financial Adviser & Broker)
    Ewan Leggat/Laura Littley
    +44 (0)20 3463 2260