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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Medusa Mining | LSE:MML | London | Ordinary Share | AU000000MML0 | ORD NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 97.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMMML
RNS Number : 1116C
Medusa Mining Limited
11 April 2013
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: admin@medusamining.com.au
Internet: www.medusamining.com.au
11 April 2013
AMENDMENTS/CLARIFICATION TO CERTAIN KEY PARAMETERS OF THE BANANGHILIG SCOPING STUDY
(ASX & LSE: MML)
Further to an announcement dated 09 April 2013 pertaining to a Scoping Study on the Bananghilig Gold Deposit the Company wishes to advise amendments/clarification to certain key parameters of the Scoping Study.
Amendments/clarification to Key Scoping Study Parameters
-- Indicative recovered head grade 1.3 g/t gold; -- Indicative mining OPEX of US$10.50 per tonne; -- Indicative waste to ore strip ratio of 4:1 (after pre-strip); -- The cost of pre-strip is included in CAPEX costs of US$220 million; -- Indicative cash costs: US$565 per ounce and excludes royalties.
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 +44 (0)20 3463 & Broker) 2260 Ewan Leggat/Laura Littley
DISCLAIMER
This announcement may contain certain forward-looking statements. The words 'anticipate', 'believe', 'expect', 'project', 'forecast', 'estimate', 'likely', 'intend', 'should', 'could', 'may', 'target', 'plan' and other similar expressions are intended to identify forward-looking statements. Indications of, and guidance on, future earnings and financial position and performance are also forward-looking statements.
Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of Medusa, and its officers, employees, agents and associates, that may cause actual results to differ materially from those expressed or implied in such statements.
Actual results, performance or outcomes may differ materially from any projections and forward-looking statements and the assumptions on which those assumptions are based.
You should not place undue reliance on forward-looking statements and neither Medusa nor any of its directors, employees, servants or agents assume any obligation to update such information.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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