Medusa Mining Limited Co-O Mine Shafts Update (9309O)
October 18 2012 - 2:00AM
UK Regulatory
TIDMMML
RNS Number : 9309O
Medusa Mining Limited
18 October 2012
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
18 October 2012
Co-O MINE SHAFTS UPDATE
(ASX & LSE: MML)
Medusa Mining Limited ("Medusa" or the "Company"), through its
Philippines operating company Philsaga Mining Corporation is
pleased to advise that the Baguio Shaft was re-commissioned last
week, with an increased haulage capacity of 350 tonnes per day (up
previously from 250 tonnes per day).
The Saga Shaft reached its target depth of 350 metres in the
first week of September. With the plat cut and prepared, work on
excavation of the loading chute, work shop areas and other
facilities are well underway. The new winder and skips for the Saga
Shaft are scheduled to be commissioned late in December.
For further information please contact:
Australia
Medusa Mining Limited +61 8 9367 0601
Peter Hepburn-Brown,
Managing Director
United Kingdom
Fairfax I.S. PLC, Financial +44 (0)20 7598
Adviser and Broker 5368
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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