TORONTO, ONTARIO--(Marketwired - Jan. 29, 2016) - Moly Mines Limited (ASX:MOL) reports the highlights of their Quarterly Activities Report and Quarterly Cashflow Report for the period ending December 31, 2015.

HIGHLIGHTS (all amounts are in A$ unless otherwise stated)

Operations (unaudited):

  • Operational activities were confined to maintaining the Spinifex Ridge infrastructure in good condition and monitoring of the rehabilitated areas of the Iron Ore Project

  • A number of outstanding issues from the Iron Ore project were progressed. The final payment of the Spinifex Ridge Iron Ore sale will be determined by arbitration.

  • The Spinifex Ridge Molybdenum / Copper Project remains on care and maintenance.

Corporate and Finance (unaudited):

  • Cash on hand at end of Quarter was $69.1M in cash, down from $72.7M at end of previous Quarter.

  • Moly continues to review a range of M&A opportunities both within Australia and overseas.


  • No exploration activity was undertaken on Moly Mines tenements during the Quarter.

The full Quarterly Activities Report and Quarterly Cash Flow Report are available on the Company website ( and on SEDAR (

Contact Information:

Moly Mines Limited
Natalie Frame
Investor Relations
+1 416 371 7541

Moly Mines Limited
Graeme Kininmonth
+61 8 9429 3300