Moly Mines Limited

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.


No exploration activity was undertaken during the Quarter.

The full Quarterly Activities Report and Quarterly Cash Flow Report are available on the Company website ( and on SEDAR (

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