/EINPresswire.com/ -- TORONTO, ONTARIO -- (Marketwired) -- 10/29/15 -- Moly Mines Limited (ASX: MOL) reports the highlights of their Quarterly Activities Report and Quarterly Cashflow Report for the period ending September 30, 2015.

HIGHLIGHTS (all amounts are in A$ unless otherwise stated)

Operations (unaudited):

--  Operational activities were confined to maintaining the Spinifex Ridge
    infrastructure in good condition and monitoring of the rehabilitated
    areas of the Iron Ore Project

--  A number of outstanding issues from the Iron Ore project were
    progressed, including resolution of the government royalties issue.

--  The Spinifex Ridge Molybdenum / Copper Project remains on care and
    maintenance.

Corporate and Finance (unaudited):

--  Cash on hand at end of Quarter was $72.7M in cash, up from $70.2M at end
    of previous Quarter.

--  Moly continues to review a range of M&A opportunities both within
    Australia and overseas.

Exploration:

--  No exploration activity was undertaken on Moly Mines tenements during
    the Quarter.

The full Quarterly Activities Report and Quarterly Cash Flow Report are available on the Company website (www.molymines.com) and on SEDAR (www.sedar.com).

Contacts:
Natalie Frame
Investor Relations
+1 416 371 7541

Graeme Kininmonth
Acting Chief Executive Officer
+61 8 9429 3300
info@molymines.com
www.molymines.com

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