Moly Mines Limited
ASX : MOL

Moly Mines Limited

July 30, 2015 08:00 ET

Moly Mines Reports Quarter Highlights

TORONTO, ONTARIO--(Marketwired - July 30, 2015) - Moly Mines Limited (ASX:MOL) reports the highlights of their Quarterly Activities Report and Quarterly Cashflow Report for the period ending June 30, 2015.

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

Operations (unaudited):

Rehabilitation activities at the Spinifex Ridge Iron Ore operation were completed during the quarter.
The Spinifex Ridge Molybdenum/Copper Project remains on care and maintenance.

Corporate and Finance (unaudited):

Cash on hand at end of Quarter was $70.2M, up from $69.8M at end of previous Quarter.
The Annual General Meeting was held with all five resolutions passed by the shareholders.
Moly sold its shares in UML for approximately $2.5M.
Moly continues to review a range of M&A opportunities.

Exploration:

No exploration activity was undertaken during the Quarter.

The full Quarterly Activities Report and Quarterly Cash Flow Report are available on the Company website (www.molymines.com) and on SEDAR (www.sedar.com).

ABN 32 103 295 521

Contact Information

  • Moly Mines Limited
    Natalie Frame
    Investor Relations
    +1 416 371 7541

    Moly Mines Limited
    Graeme Kininmonth
    Acting Chief Executive Officer
    +61 8 9429 3300
    info@molymines.com
    www.molymines.com