Moly Mines Limited

Moly Mines Limited

October 29, 2015 06:00 ET

Moly Mines Reports Quarter Highlights

TORONTO, ONTARIO--(Marketwired - Oct. 29, 2015) - Moly Mines Limited (ASX:MOL) reports the highlights of their Quarterly Activities Report and Quarterly Cashflow Report for the period ending September 30, 2015.

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

Operations (unaudited):

  • Operational activities were confined to maintaining the Spinifex Ridge infrastructure in good condition and monitoring of the rehabilitated areas of the Iron Ore Project

  • A number of outstanding issues from the Iron Ore project were progressed, including resolution of the government royalties issue.

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

Corporate and Finance (unaudited):

  • Cash on hand at end of Quarter was $72.7M in cash, up from $70.2M at end of previous Quarter.

  • Moly continues to review a range of M&A opportunities both within Australia and overseas.


  • No exploration activity was undertaken on Moly Mines tenements during the Quarter.

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

Contact Information