Moly Mines-Quarterly Activities Report

TORONTO, ONTARIO, Oct 31, 2014 (Marketwired via COMTEX) Moly Mines Limited (ASX: MOL) reports the highlights of their Quarterly Activities Report and Quarterly Cashflow Report for the period ending September 30, 2014. HIGHLIGHTS (all amounts are in A$ unless otherwise stated) Operations (unaudited): -- MRL has advised Moly Mines Limited (the Company) that 272,987 tonnes of iron ore has been transported from Spinifex Ridge during the September quarter. -- Operational control at Spinifex Ridge will transition back to MOL as the end of the economic minelife approaches. -- The Spinifex Ridge Molybdenum / Copper Project remains on care and maintenance. Corporate and Finance (unaudited): -- Cash on hand at end of Quarter was $70.6M, up from $70.4M at end of previous Quarter. -- New Board appointments have been made to increase focus on new project acquisitions. -- Mr Gregory Jones and Mr Anthony Martin were appointed as Independent Non-executive Directors on 22nd August 2014 to strengthen t
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