Description
Share Price
In-depth Moly Mines Proactive Investors Articles
- 25/01/2010 Sichuan Hanlong Group moves closer to control of Moly Mines
- 31/08/2009 Moly Mines to restructure debt, paving way for Spinifex Ridge Mine Development
- 08/07/2009 Derek Fisher, Managing Director of Moly Mines speaks to Proactive Investors
- 04/06/2009 Moly Mines reports initial JORC iron ore resource at Spinifex Ridge
- 20/05/2009 Moly Mines reports excellent iron ore assay results from Spinifex Ridge
Recent Moly Mines news
- 29/01/2010 Moly Mines nearing China investment completion
- 25/01/2010 Hanlong moves closer to control of Moly Mines
- 04/12/2009 Moly Mines closes Share Purchase Plan
- 19/11/2009 Australia approves Sichuan Hanlong Group investment in Moly Mines
- 02/11/2009 Moly Mines completes $31.5 million offering for Spinifex Ridge Iron Ore Project
Related Media
- 22/06/2009 Moly Mines talks to Proactiveinvestors
Presentations & Company Media
Related Research & Media
Company Statement:
Moly Mines is an ASX and TSX listed resources company focussing on the development of base metals projects including the world class Spinifex Ridge Molybdenum Project.
Spinifex Ridge is the worlds leading undeveloped primary molybdenum deposit and is ready for financing. All material development approvals have been received and construction of many of the major long lead items is nearing completion.
In March 2004 Moly Mines acquired its initial interest in the Spinifex Ridge Molybdenum Project and in May 2006 completed the 100% acquisition of the project.
Since listing on the ASX, the company has successfully conducted a number of financings to the benefit of shareholders that have contributed to the development of the Spinifex Ridge Molybdenum Project. They are highlighted by:
- A$18.9 million via a private placement at A$1.40 per share
- C$17.3 million via the TSX IPO at C$1.05 per share
- Sale of the company’s gold properties to the ASX listed Cortona Resources Limited for A$5 million cash, 12 million ordinary shares, 8 million A$0.35 options and a further A$4 million and A$8 million A$0.50 options upon the dedication of a 1 million ounce resource
- C$22.5 million via bought deal financing at A$3.00 per share in March 2007
- A$88 million via a private placement at A$4.00 per share
- US$150 million Interim Debt Financing
A definitive feasibility study for the Spinifex Ridge Molybdenum Project was completed in September 2007.Please click here to read
In October 2008, Moly Mines completed a bridge financing facility of US$150 million for the Spinifex Ridge Molybdenum Project in the first step toward full project funding.
At 31 December 2008, Moly Mines had the following capital structure:
- Ordinary Shares: 86,191,677
- Options: 11,860,000
- Warrants: 17,874,118
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Current Operations:
Spinifex Ridge Mo\Cu
Located in the Pilbara region of Western Australia, Spinifex Ridge is fully permitted and ready for immediate development subject to achieving a successful project financing. The Project has been defined at a 20 million tonne per annum mining and processing operation with the potential for major expansion.
To read the Definitive Feasibility Study completed Document, please click here
To read the Spinifex Technical report, of resources and reserves, please click here
Glen Eden Mo
The Glen Eden project is located north east of Glen Innes in the New England Tablelands of NSW. It was mined as a series of small-scale, high-grade quartz veins that yielded 26 tonnes of wolframite concentrate from selective mining between 1920 and 1940.
For more info, please click here
Mt Tennyson Mo
The Mt Tennyson project is located east of Bathurst in central NSW. The Mt Tennyson skarn deposit was first mined as a series of small-scale, high-grade, garnet rich veins until 1945 on cessation of World War II.
The project area is characterised by a large broad anticlinal structure of metamorphosed, calcareous sediments overlying a granite batholith. The granite intrusion has resulted in a garnet-quartz-calcite-diopside skarn unit overlying a wollastonite-garnet-diopside quartz skarn. Molybdenum mineralisation is preferentially concentrated in the upper skarn.
Management
Directors
Mr David Craig
Chairman
Dr Derek Fisher
CEO / Managing Director
Mr Peter Thomas
Director
Mr David W. Constable
Director
Mr Michael Senft
Director
Mr David Nixon
Director
For more info, on the Directors please click here
For info on the mangement, please click here
Major Shareholders
For Investors information, please click here
Contact Information
Moly Mines Limited
Principal & Registered Office
Perth
46-50 Kings Park Road
West Perth WA
6005
PO Box 8215
Subiaco East, WA
6008
Telephone: 08 9429 3300
Fax: 08 9429 3399
Email info@molymines.com
Website www.molymines.com
Toronto – Canada Telephone: +1 416-777-1801
PO BOX 78023 784 Taunton Rd. E.
Oshawa, ON
L1H 7K0
Canada
or: +1 416 371 7541
Moly Metals Australia Pty Ltd
EPCM Office Location
Perth
46-50 Kings Park Road
West Perth WA
6005
Telephone: 08 9429 3300
Fax: 08 9429 3399
Corporate Information
Share Register
Security Transfer Registrars Pty Ltd
770 Canning Highway
Applecross Western Australia 6153
Email: registrar@securitytransfer.com.au
Web: www.securitytransfer.com.au
Telephone: +61 8 9315 2333
Fax: +61 8 9315 2233
Stock Exchange Listing
Australian Stock Exchange
ASX Code: MOL
Toronto Stock Exchange
TSX Code: MOL
Frankfurt Stock Exchange
FWB Symbol: HJ1
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