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 PaymentAs 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.
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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