Medusa Mining Limited Operations Update (6558Y)

TIDMMML

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: admin@medusamining.com.au 
  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

END

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