Additional Listing
(Thomson Reuters ONE) - 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(at)medusamining.com.au Internet: www.medusamining.com.au Medusa Mining Limited MEDUSA TO LIST ON TORONTO STOCK EXCHANGEMedusa Mining Limited ("Medusa" or the "Company") is pleased toadvise that it has received conditional approval from the TorontoStock Exchange ("TSX") and will officially commence trading on theTSX on Friday, 27 November 2009.The Company will continue to be domiciled in Australia and maintainits existing listings on both the Australian Securities Exchange("ASX") in Australia and AIM in London.The trading code of Medusa on the TSX will be MLL and Computersharewill provide the necessary share registry services to the Company inAustralia, UK and Canada.Geoff Davis, Managing Director commented that:"This is a significant and major milestone for the Company and comesat a time when the Company is on schedule to complete Phase II of anexpansion program that should result in the Co-O Mine producing100,000 ounces per annum from the 1st quarter of 2010."The Board shares the view that the TSX listing will not onlyincrease the Company's profile in the North American market and allowfor simplified peer group comparisons, but also include valuationconsiderations for the exploration upside and potential for newdiscoveries." 18th November 2008For further information, please contact:Medusa Mining Limited +61 8 9367 0601Geoffrey Davis, Managing DirectorRoy Daniel, Finance DirectorFairfax I.S. PLC(Nominated Adviser/Joint Broker) +44 (0)20 7598 5368Ewan LeggatMirabaud Securities Limited (Joint Broker) +44 (0)20 7321 2508Peter KrensLothbury Financial +44 (0)20 7011 9411Michael Padley/Libby MossABOUT MEDUSA MINING LIMITEDMedusa Mining Limited ("Medusa" or the "Company"), a public companylisted on the ASX and AIM, is an Australian based gold producer,focused solely on the Philippines.With Indicated Resources of 603,000 ounces and Inferred Resources of1,427,000 ounces, Medusa's corporate strategy is to become a mid-tier300,000 to 400,000 ounce per year, low cost gold producer. TheCompany is currently expanding the high grade Co-O Mine operations(500,000 Reserve ounces at 10.8 g/t gold) to increase its productioncapacity to 100,000 ounces per year, and is conducting near mineexploration to assess the possibilities of further expansion to200,000 ounces per year. Current cash costs at the Co-O Mine areapproximately US$200 per ounce.A pipe-line of deposits is now being established with the BananghiligDeposit (650,000 Inferred ounces at 1.3 g/t gold) which is expectedto expand, potentially in conjunction with new nearby discoveries.Further potential upside exists in the discovery of substantialcopper deposits within the tenement holding of > 800km2.---END OF MESSAGE---This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 18.11.2009 - 08:01 Uhr
Sprache: Deutsch
News-ID 8543
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