Moly Mines Limited

Moly Mines Limited

January 29, 2015 07:00 ET

Moly Mines Reports Quarter Highlights

TORONTO, ONTARIO--(Marketwired - Jan. 29, 2015) - Moly Mines Limited (ASX:MOL) reports the highlights of their Quarterly Activities Report and Quarterly Cashflow Report for the period ending December 31, 2014, available on the Company website ( and on SEDAR (

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

Operations (unaudited):

  • MRL ceased mining operations at Spinifex Ridge during the December Quarter. 183,784 tonnes of iron ore was hauled from the site.

  • MOL has resumed operational control of the Spinifex Ridge site following the completion of MRL controlled activities.

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

Corporate and Finance (unaudited):

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

  • No decision has been made on the MOL application for a decision that the Company cease to be a reporting issuer in Canada.


  • No exploration activity was undertaken during the Quarter.

ABN 32 103 295 521

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