8919b063-62a7-4437-b7c0-5a124ac44b16.pdf MOLY MINES LIMITED

46-50 Kings Park Road, West Perth

Western Australia 6005

PO Box 8215, Subiaco East Western Australia 6008

Telephone +61 8 9429 3300

Facsimile +61 8 9429 3399

Email info@molymines.com ABN 32 103 295 521


16 November 2015


ASX Market Announcements Office ASX Limited

20 Bridge Street

Sydney NSW 2000 Australia

Iron Ore Sale Final Payment


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 Limited ('MOL') and Mineral Resources Limited ('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.


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For more information please contact:


Natalie Frame Investor Relations

+1 416 371 7541


Graeme Kininmonth CEO

+61 8 9429 3300


info@molymines.com www.molymines.com


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