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
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