Moly Mines Iron Ore Final Payment
TORONTO, ONTARIO--(Marketwired - Nov. 16, 2015) - Moly Mines Ltd. (ASX:MOL) As advised in the September 2015 Quarterly Activities Report, an Expert was appointed to determine the Available Tonnage component of the final payment due under the Iron Ore Sale and Purchase Agreement between Moly Mines Ltd. ("MOL") and Mineral Resources Ltd. ("MRL").
The final Expert's report has been received and this results in a calculated Final Payment, when all outstanding invoices between the parties are included, of approximately A$4.2M payable by MOL to MRL in the December Quarter.
MOL is currently reviewing the findings contained in the Expert's final report to determine an appropriate course of action.
Contact
Moly Mines Ltd.
Natalie Frame
Investor Relations
+1 416 371 7541
Moly Mines Ltd.
Graeme Kininmonth
CEO
+61 8 9429 3300
info@molymines.com
www.molymines.com