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Medusa Mining Ltd (MML)

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Tuesday 28 January, 2014

Medusa Mining Ltd

Operations Update

RNS Number : 6558Y
Medusa Mining Limited
28 January 2014
 



MEDUSA MINING LIMITED

ABN: 60 099 377 849

Unit 7, 11 Preston Street

Como  WA  6152

  PO Box 860

Canning Bridge  WA  6153   

Telephone:  +618-9367 0601   

Facsimile:  +618-9367 0602

Email:  [email protected]

Internet: www.medusamining.com.au

         

28 January 2014

 

 

OPERATIONS UPDATE

 (ASX & LSE: MML)

 

 

Medusa Mining Limited ("Medusa" or the "Company"), through its Philippine operating company Philsaga Mining Corporation, are pleased to advise the following:

The heavy rain that caused slippages and landslides in several areas around the Co-O Mine has eased and the Company has re-commenced mining activities at the Co-O Mine.

The inclement weather also caused extensive damage to several sections of the haul road between the Co-O Mine and Mill and work to repair damaged sections of the haul road is in progress. The Company is currently evaluating several alternate routes to overcome the temporary haulage issue whilst the old route is being repaired.

In addition to general clearing activities at both the Co-O Mine and Mill as a result of the aftermath of the low pressure system, the Company has assessed and conducted structural inspections on all its property.

At the Mill, the new SAG Mill is currently operating at 2,000 tpd.

 

 

For further information please contact:

Australia


Medusa Mining Limited

      +61 8 9367 0601

Peter Hepburn-Brown, Managing Director


United Kingdom


SP Angel Corporate Finance LLP (Financial Adviser & Broker)

      +44 (0)20 3463 2260

Ewan Leggat/Laura Littley


 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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