TIDMMML
RNS Number : 7011F
Medusa Mining Limited
29 April 2014
Medusa Mining Limited
("Medusa" or the "Company")
29 April 2014
QUARTERLY ACTIVITIES REPORT
PERIOD ENDED 31 MARCH 2104
Snapshot of Medusa:
-- Un-hedged, low cost, gold producer focused on organic growth in the Philippines
-- New Mill operated for the full quarter
-- March 2014 quarter production of 16,200 ounces (YTD 42,289 ounces)
-- Safety - one fatality during the quarter
Board of Directors:
Andrew Teo (Non-executive Chairman)
Peter Hepburn-Brown (Managing Director)
Raul Villanueva(Executive Director)
Ciceron Angeles (Non-executive Director)
Robert Weinberg (Non-executive Director)
Gary Powell(Non-executive Director)
Capital Structure:
Ordinary shares: 207,794,301
Unlisted options: 1,575,000
Listings:
ASX and LSE (Code: MML)
Address and Contact Details:
PO Box 860
Canning Bridge WA 6153
Telephone : +618 9367 0601
Facsimile : +618 9367 0602
Email : admin@medusamining.com.au
Website : www.medusamining.com.au
OVERVIEW:
-- Medusa Mining Limited to delist from the London Stock Exchange
-- Exploration drilling utilised five underground drill rigs at
Co-O and three surface rigs at Tambis
-- Gold production increased to 16,200 ounces for the quarter
(11,587 ounces December quarter) due to continuous SAG mill
operation
-- Production was less than forecast due to disrupted production from flooding in January
-- Underground development continued at approximately 1,500m per
month. All development ore was hauled and milled.
Co-O MINE PRODUCTION & DEVELOPMENT
-- Development and stoping continued on all 8 levels during the quarter
-- Level development continued on 60 headings throughout the
mine. Unseasonal wet weather in January caused some flooding issues
at the mine but development was able to be maintained at the target
rate of 1,500 metres per month during the quarter
-- Production from stoping is now increasing and a greater
percentage of stope ore is expected to be mined and trucked to the
mill in the June quarter
-- Exploration drilling continued on the Levels 2, 3 and 8 on the west of the Tinago Fault
Co-O MINE EXPLORATION
-- Underground diamond drilling is continuing with two rigs on
contract and three Company rigs. Surface sampling, mapping and
geophysical surveying are on-going
TAMBIS AREA - BANANGHILIG GOLD DEPOSIT
-- Diamond drilling at the B2 area recommenced with three drill rigs
CORPORATE & FINANCIALS (unaudited)
-- Total cash and cash equivalent in gold on metal account at
the end of quarter of approximately US$20.35 million
PROJECT OVERVIEW
The locations of the Company's projects are shown on Figures 1
and 2 (please see link at the end of this announcement).
HEALTH, SAFETY & ENVIRONMENT
There was one Lost Time Accident, a fatality, during the quarter
as reported on 13 February 2014. Lost Time Accident Frequency Rate
is 0.15 for the March quarter.
Every effort is being made to ensure our OH&S systems are as
effective as possible in keeping our employees and contractors
working for and within the Company safe. The health and safety of
our people is of the highest priority.
There were no environmental breaches during the March quarter
2014.
EXECUTIVE ORDER ON MINING SECTOR REFORMS IN THE PHILIPPINES
On 06 July 2012, Philippine President Benigno Aquino III signed
Executive Order No. 79 entitled "Institutionalizing and
Implementing Reforms in the Philippine Mining Sector Providing
Policies and Guidelines to Ensure Environmental Protection and
Responsible Mining in the Utilization of Mineral Resources" ("EO
79").
On 10 September 2012, the Department of Environment and Natural
Resources ("DENR") issued Administrative Order No. 2012-07 ("Rules
and Regulations to Implement EO-79" or "EO-79 IRR"), and on 08
October 2012, issued Administrative Order No. 2012-07-A2 ("EO-79
Amended IRR") to revise Sections 3, 7 and 9 of EO-79 IRR. EO-79 IRR
and its amendments took effect on October 25, 2012.
The implications of the EO-79 with regards to the Company's
projects are discussed in the June 2012 and September 2012
quarterly reports to the ASX. There has been no change in the
Company's view since then.
On March 07, 2013, the Secretary of the Department of
Environment and Natural Resources (DENR) approved the lifting of
the moratorium on acceptance of applications for Exploration
Permits and Financial and Technical Assistance Agreements.
The new legislation on mining taxes and royalties is yet to be
finalised for submission to Congress.
EXECUTIVE ORDER ON EXTRACTIVE INDUSTRIES TRANSPARENCY IN THE
PHILIPPINES
On 26 November 2013, Philippine President Benigno Aquino III
signed Executive Order No. 147 entitled "Creating the Philippine
Extractive industries transparency Initiative" ("EO 147").
Pursuant to Section 14 of the EO 79, the Philippine government
commits to participate in the Extractive Industries Transparency
Initiative (EITI) that sets international standards for
transparency and accountability in the extractive industries and in
government. Established in 2003, the EITI is a global coalition of
governments, companies and civil society collaborating to improve
honest and responsible management of revenues from natural
resources, particularly oil, gas, metals and minerals.
Through EO 147, the Philippine government has instituted the
Philippine Extractive Industries Transparency Initiative (PH-EITI),
which commits to ensure greater transparency and accountability in
the extractive industries, specifically in the way the government
collects, and companies pay taxes from extractive industries;
The implications of the EO 147 with regards to the Company's
projects are not considered to have any negative impact and the
Company sees the Executive Order as a positive commitment by the
Philippine Government to adopt good governance practices in
accordance with International Guidelines of the EITI.
MINERAL RESOURCES AND ORE RESERVES
The Company's current mineral resources (including the Saugon
resource) and ore reserves were previously announced in accordance
with the guidelines of the JORC Code 2004 (Australasian Code for
Reporting of Exploration Results, Mineral Resources and Ore
Reserves). Refer to announcement of 08 August 2013, the September
2013 Quarterly Report, and the 2013 Annual Report.
The Co-O and Bananghilig deposits are currently undergoing
review, re-interpretations and revised mineral resource and ore
reserve estimations in accordance with the guidelines of the
recently adopted JORC Code 2012. The revised resources and reserves
for Co-O and Bananghilig are expected to be reported during the
September 2014 quarter.
Co-O MINE
Production
The production statistics for the March 2014 quarter and
comparatives for the previous four quarters are summarised in Table
1 below.
Table I. Gold production statistics
Unit Qtr ended Qtr ended Qtr ended Qtr ended Qtr ended
31 Mar 31 Dec 30 Sep 30 Jun 31 Mar
2014 2013 2013 2013 2013
-------------------- -------- ---------- ---------- ---------- ---------- ----------
Tonnes mined WMT 146,017 108,264 114,380 103,028 83,134
-------------------- -------- ---------- ---------- ---------- ---------- ----------
Ore milled DMT 140,879 98,590 91,461 92,567 73,273
-------------------- -------- ---------- ---------- ---------- ---------- ----------
Head grade g/t 4.20 4.51 5.68 5.97 6.76
-------------------- -------- ---------- ---------- ---------- ---------- ----------
Recovery % 85% 85% 87% 88% 89%
-------------------- -------- ---------- ---------- ---------- ---------- ----------
Gold produced ozs 16,200 11,587 14,502 15,642 14,021
-------------------- -------- ---------- ---------- ---------- ---------- ----------
Cash costs (1) US$/oz $398 $526 $339 $355 $296
-------------------- -------- ---------- ---------- ---------- ---------- ----------
Gold sold ozs 15,843 11,774 15,560 16,236 17,760
-------------------- -------- ---------- ---------- ---------- ---------- ----------
Average gold price
received US$ $1,299 $1,262 $1,336 $1,410 $1,630
-------------------- -------- ---------- ---------- ---------- ---------- ----------
Note:
(1) Net of development costs and includes royalties and local
business taxes
The Company produced 16,200 ounces of gold for the quarter, at
an average head grade of 4.20 gpt and cash costs of US$398 per
ounce, inclusive of royalties and local business taxes (YTD cash
costs of US$413 per ounce).
Gold production for the quarter was higher than the December
quarter due to continuous operation of the new SAG Mill.
Compared to the previous quarter, March quarter cash costs were
lower primarily due to increased gold production.
Operations
Mine Development
All shafts continued to operate during the quarter. The
deepening of the Baguio Shaft was successfully completed to Level 5
and is now fully operational, hauling ore from Levels 3 and 5.
Due to unseasonal heavy rains in January, parts of the mine were
flooded, but caused no safety issues to personnel at the mine or
the mine infrastructure. Some development headings were temporarily
stopped due to the flooding but have since been re-opened.
The rain also disrupted ore transport to the mill due to
landslides along the haul road as announced on 28 January 2014.
Development continued on Levels 1 to 8 during the quarter and the
current overall development rate of 1,500m per month should
continue for the remainder of the calendar year.
Production continued on all levels during the quarter and more
stoping ore will be mined and milled during the June quarter.
Co-O SAG Mill
The new SAG Mill operated satisfactorily throughout the quarter
achieving its "name plate" throughput of 2,500tpd on a number of
occasions. The tonnage throughput is now operating at below 2500tpd
to improve grind size and recoveries. Once gold recoveries improve,
the tonnage throughput of the SAG mill will be increased
accordingly.
The Dominion and Kurimoto Ball Mills have been re-lined and the
old mill is now on Care and Maintenance.
All other equipment and functions associated with the Processing
Plant, including the Primary Crusher, the Detoxification unit,
Thickener, CIL tanks and gold room operated successfully throughout
the quarter.
Co-O Mine Drilling
Underground diamond drilling continued during the quarter
utilising two large contract rigs and three smaller Company
portable drilling rigs. At total of 21 holes were completed at
Levels 2, 3 and 8 for an advance of 5,976 metres.
The Company is in the process of deploying the Company's
remaining five new portable underground diamond drill rigs to
various levels within the mine to assist in exploring for zones of
additional mineralisation.
Table II. Co-O surface and underground drill hole results of
>= 0.5 metres at >= 3 g/t gold.
(Refer Appendix A for JORC Code, 2012 Edition - Table 1
Report)
Hole Number East North RL Depth Dip Azimuth From Width Gold Grade
(4) (4) (4) (metres) ((o) ((o) (metres) (2) (1,3)
) ) (metres) (uncut)
(g/t gold)
------------- ------- ------- ----- ---------- ------ --------- ---------- ---------- ------------
UNDERGROUND EXLORATION DRILL HOLES - LEVEL 2
-----------------------------------------------------------------------------------------------------------
L2-65W-004 613299 913087 107 96.26 3 190.87 61.65 1.00 6.03
------------- ------- ------- ----- ---------- ------ --------- ---------- ---------- ------------
L2-6E-001 614063 913100 103 26.30 3 331.27 18.30 1.60 4.77
------------- ------- ------- ----- ---------- ------ --------- ---------- ---------- ------------
23.90 2.40 9.77
------------- ------- ------- ----- ---------- ------ --------- ---------- ---------- ------------
includes 25.40 0.90 20.77
------------- ------- ------- ----- ---------- ------ --------- ---------- ---------- ------------
UNDERGROUND EXLORATION DRILL HOLES - LEVEL 3
-----------------------------------------------------------------------------------------------------------
L3-64W-015 613346 913032 62 327.10 3 36.74 78.60 1.00 3.24
------------- ------- ------- ----- ---------- ------ --------- ---------- ---------- ------------
L3-64W-016 613348 913026 62 439.30 -25 137.52 193.20 1.00 12.10
------------- ------- ------- ----- ---------- ------ --------- ---------- ---------- ------------
262.00 1.00 4.35
------------- ------- ------- ----- ---------- ------ --------- ---------- ---------- ------------
286.00 1.30 3.67
------------- ------- ------- ----- ---------- ------ --------- ---------- ---------- ------------
305.30 0.20 48.80
------------- ------- ------- ----- ---------- ------ --------- ---------- ---------- ------------
360.20 3.00 3.38
------------- ------- ------- ----- ---------- ------ --------- ---------- ---------- ------------
428.30 0.90 15.10
------------- ------- ------- ----- ---------- ------ --------- ---------- ---------- ------------
L3-64W-017 613347 913023 60 550.70 -25 150.2 25.90 1.35 3.60
------------- ------- ------- ----- ---------- ------ --------- ---------- ---------- ------------
41.40 1.00 8.33
------------- ------- ------- ----- ---------- ------ --------- ---------- ---------- ------------
311.50 1.00 10.17
------------- ------- ------- ----- ---------- ------ --------- ---------- ---------- ------------
341.95 1.00 123.13
------------- ------- ------- ----- ---------- ------ --------- ---------- ---------- ------------
L3-64W-018 613341 913025 61 515.50 -26 185.12 26.80 0.30 3.32
------------- ------- ------- ----- ---------- ------ --------- ---------- ---------- ------------
UNDERGROUND EXLORATION DRILL HOLES - LEVEL 8
-----------------------------------------------------------------------------------------------------------
L8-19E-003 614207 913104 -192 477.80 -3 204.02 103.35 0.35 6.27
------------- ------- ------- ----- ---------- ------ --------- ---------- ---------- ------------
175.45 0.30 19.83
------------- ------- ------- ----- ---------- ------ --------- ---------- ---------- ------------
330.50 4.45 14.87
------------- ------- ------- ----- ---------- ------ --------- ---------- ---------- ------------
includes 334.15 0.80 35.93
------------- ------- ------- ----- ---------- ------ --------- ---------- ---------- ------------
375.45 1.95 51.83
------------- ------- ------- ----- ---------- ------ --------- ---------- ---------- ------------
includes 375.45 1.00 98.07
------------- ------- ------- ----- ---------- ------ --------- ---------- ---------- ------------
474.60 0.20 10.17
------------- ------- ------- ----- ---------- ------ --------- ---------- ---------- ------------
L8-19E-004 614208 913104 -192 500.90 -3 213.63 286.40 0.45 31.20
------------- ------- ------- ----- ---------- ------ --------- ---------- ---------- ------------
320.10 2.00 3.04
------------- ------- ------- ----- ---------- ------ --------- ---------- ---------- ------------
385.85 0.35 7.70
------------- ------- ------- ----- ---------- ------ --------- ---------- ---------- ------------
395.10 0.75 8.99
------------- ------- ------- ----- ---------- ------ --------- ---------- ---------- ------------
L8-19E-005 614207 913104 -192 494.00 -3 222.7 184.50 0.50 7.97
------------- ------- ------- ----- ---------- ------ --------- ---------- ---------- ------------
192.05 0.40 6.87
------------- ------- ------- ----- ---------- ------ --------- ---------- ---------- ------------
237.30 1.60 8.75
------------- ------- ------- ----- ---------- ------ --------- ---------- ---------- ------------
303.30 0.70 7.53
------------- ------- ------- ----- ---------- ------ --------- ---------- ---------- ------------
329.50 2.30 3.59
------------- ------- ------- ----- ---------- ------ --------- ---------- ---------- ------------
Notes:
1. Composited intercepts' 'weighted average grades' calculated
by using the following parameters:
(i) no upper gold grade cut-off applied;
(ii) lower cut-off grade of 3.0 g/t gold;
(iii) high-grade samples (>= 20 g/t gold) within composited
interval are individually reported; and
(iv) >= 0.5 metres down hole intercept width at >= 3.0 g/t
gold, or
(v) >= 6 gram.metres,and
(vi) maximum of 1.0 metre of down-hole internal dilution at
<= 3 g/t gold.
2. Intersection widths are downhole drill widths not true
widths;
3. Assays are by Philsaga Mining Corporation's laboratory;
and
4. Grid coordinates based on the Philippine Reference System 92.
RL is elevation in metres relative to Mine Datum.
Co-O EXPLORATION
Induced Polarisation Survey
The ground Induced Polarisation ("IP") survey is ongoing within
the Co-O tenements including the Co-O Mine environs. During the
March 2014 quarter, 18 line kilometres of IP survey were completed
as rainy weather hampered the survey. It is anticipated that the
remaining balance of the IP survey (86 line kilometres) will be
completed in the September 2014 quarter, with interpretation being
carried out during the September/December 2014 quarters.
Ground Magnetics Survey
No ground magnetics survey was carried out during the March 2014
quarter. Approximately 94 line kilometres remains to be completed,
and is expected to be completed at the same time as the IP survey,
with interpretation being carried out concurrent with the IP
interpretation.
Reconnaissance Programmes
Reconnaissance mapping and sampling programmes are ongoing.
TAMBIS REGION
The Tambis project comprising the Bananghilig Gold Deposit
(Figure. 2) is operated under a Mining Agreement with Philex Gold
Philippines Inc. over Mineral Production Sharing Agreement ("MPSA")
344-2010-XIII, which covers 6,262 hectares.
The Executive Order on Mining (EO 79) signed on 6 July 2012, by
the President of the Philippines, will have no immediate impact on
the Bananghilig Project as the Company can continue to explore,
conduct feasibility studies and planning.
BANANGHILIG GOLD DEPOSIT
The announcement of 12 September 2011 summarises the Tambis
regional geological setting, local geological setting, deposit
description and mineralisation. Additional information is contained
in the September 2011 quarterly report dated 24 October 2011,
drilling updates on 17 January 2012, 8 August 2012, 21 November
2012, and 02 April 2013, operations update on 08 July 2013, and
resource estimation updates on 29 January 2013 and 08 August
2013.
Indicated & Inferred Mineral Resource Estimation
The Bananghilig resource was previously announced in accordance
with the guidelines of the JORC Code 2004 (Australasian Code for
Reporting of Exploration Results, Mineral Resources and Ore
Reserves). Refer to announcement of 08 August 2013, the September
2013 Quarterly Report, and the 2013 Annual Report.
The Bananghilig deposit is currently undergoing review,
re-interpretations and revised mineral resource estimation in
accordance with the guidelines of the recently adopted JORC Code
2012. The revised mineral resources for Bananghilig are expected to
be reported during the September 2014 quarter.
Bananghilig Scoping & Pre-Feasibility Study (1)
On 09 April 2013, the Company published the results of a first
pass Scoping Study(1) of the Bananghilig Gold Deposit. The Scoping
Study was carried out and reported under the guidelines of the JORC
Code 2004, therefore the results of the Scoping Study do not now
necessarily comply with the requirements of the JORC Code 2012 and
will not be reported henceforth.
(1) The Scoping Study referred to in the announcement dated 09
April 2013 was based on low-level technical and economic
assessments of Indicated and Inferred Mineral Resources, as defined
under the guidelines of JORC Code 2004, and is insufficient to
support estimation of Ore Reserves or to provide assurance of an
economic development case at this stage, or to provide certainty
that the conclusions of the Scoping Study will be realised.
A Feasibility Study was initiated on the completion of the
Scoping Study. Sterilisation and geotechnical drilling programmes
were completed in early October 2013.
A decision was made towards the end of the September 2013
quarter to temporarily suspend the Feasibility Study due to the
mineralisation being encountered at the new B2 discovery area, as
well as taking into consideration the depressed gold price and
prioritising the commissioning of the new Co-O milling circuit.
B2 Discovery Area
During the March 2014 reporting period, diamond drilling
recommenced with two large capacity and one man-portable diamond
drilling rigs completing 6 drill holes (TDH335 to TDH340) within
the B2 area for a total advance of 1,820.2 metres. Drilling is
currently being conducted on a 150 metre grid spacing to delineate
the extent of B2 mineralisation.
Figure 3 (please see link at the end of this announcement) shows
the Bananghilig area geology showing the position of the new B2
mineralisation discovery, beneath the limestone cover, relative to
the Bananghilig resource.
Figure 4 (please see the link at the end of this announcement).
Plan of the Bananghilig resource block model and the B2 drill hole
locations.
B2 Drilling Results
Results of diamond drilling at B2 to the end of 2013 have been
announced on 02 April 2013 and 08 July 2013, in the March 2013,
June 2013, September 2013 and December 2013 Quarterly Reports, and
the September 2013 Annual Report. Results have only recently being
received for one hole (TDH335) of the current drilling program.
Significant intercepts for completed drill holes are included in
Table III below. Results are still pending for drill holes TDH336
to TDH340, inclusive.
Table III. Bananghilig B2 Discovery Area drill hole results
>= 1 g/t gold.
(Refer Appendix B for Table 1 prepared in accordance with JORC
Code 2012)
Hole Number East North RL Depth Dip Azimuth From Width Gold Grade
(4) (4) (4) (metres) ((o) ((o) (metres) (2) (1,3)
) ) (metres) (uncut)
(g/t gold)
------------- ------- ------- ----- ---------- ------ -------- ---------- ---------- ------------
BANANGHILIG - B2 DISCOVERY AREA
----------------------------------------------------------------------------------------------------------
TDH330 612725 944857 202 301.80 -60 130 143.70 1.95 6.03
------------- ------- ------- ----- ---------- ------ -------- ---------- ---------- ------------
Notes:
1. Composited intercepts' 'weighted average grades' calculated
by using the following parameters:
(i) no upper gold grade cut-off applied;
(ii) lower cut-off grade of 0.5 g/t gold;
(iii) high-grade samples (>10 g/t gold) within composited
interval are individually reported;
(iv) >= 5 metres down hole intercept width at >= 1.0 g/t
gold, or
(v) <= 5 metres down hole intercept width at >= 5 gram per
metres, and
(vi) maximum of 3 metres of downhole internal dilution at
<=0.5 g/t gold;
2. Intersection widths are downhole drill widths not true
widths;
3. Assays are by Intertek McPhar Mineral Services Inc. in
Manila; and
4. Grid coordinates and RL (elevation) based on the Philippine
Reference System 92.
REGIONAL EXPLORATION
Detailed and reconnaissance geological mapping, trenching and
sampling programmes are on-going within the Company's granted
tenements.
Processing of the Company's own and joint venture tenement
applications are progressing.
FINANCIALS (unaudited)
As at 31 March 2014, the Company had total cash and cash
equivalent in gold on metal account of approximately US$20.35
million (31 December 2013: US$20.77 million).
The Company sold 15,843 ounces of gold at an average price of
US$1,299 per ounce (December 2013 quarter: 11,774 ounces sold at an
average price of US$1,262 per ounce).
During the quarter, the Company incurred;
-- exploration expenditure of US$3.7 million (December 2013 quarter: US$4.1 million);
-- US$2.6 million on capital works associated sustaining capital
at the mine and mill and costs for the new SAG mill construction
and infrastructure (December 2013 quarter: US$2.7 million); and
-- US$8.9 million on continued mine development (December 2013 quarter: US$8.5 million).
CORPORATE
On 04 April 2014, Application has been made to the UK Listing
Authority for the Securities to be removed from the Official List,
and to the London Stock Exchange (LSE) for the Securities to be
removed from trading. The last day of dealings in the Securities on
the LSE is expected to be 22 May 2014. The cancellation of the
listing and of trading in the Securities on the LSE is expected to
take effect at or about 8.00 a.m. on 23 May 2014.
JORC CODE 2012 COMPLIANCE - CONSENT OF COMPETENT PERSONS
Medusa Mining Limited
Information in this report relating to Exploration Results has
been reviewed and is based on information compiled by Mr Gary
Powell who is a member of The Australian Institute of Geoscientists
and the Australasian Institute of Mining and Metallurgy. Mr Powell
is a Non-Executive Director and has sufficient experience, which is
relevant to the style of mineralisation and type of deposits under
consideration, and to the activity which they are undertaking, to
qualify as a "Competent Person" as defined in the 2012 Edition of
the "Australasian Code for Reporting of Exploration Results,
Mineral Resources and Ore Reserves". Mr Powell consents to the
inclusion in the report of the matters based on his information in
the form and context in which it appears.
DISCLAIMER
This report contains 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.
APPENDICES:
(Please see link at the end of this announcement to view
appendices)
Appendix A: Co-O Gold Project
JORC Code, 2012 Edition - Table 1 Report
Section 1. Sampling Techniques and Data
Section 2. Reporting of Exploration Results
Appendix B: Tambis Project - Bananghilig Gold Deposit
JORC Code, 2012 Edition - Table 1 Report
Section 2. Sampling Techniques and Data
Section 3. Reporting of Exploration Results
Appendix C: Tenement Schedule
To view the figures, graphs, photos and appendices, please click
on or paste the following link in your browser:
http://www.rns-pdf.londonstockexchange.com/rns/7011F_-2014-4-28.pdf
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 Harrison
This information is provided by RNS
The company news service from the London Stock Exchange
END
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