- Narrow Vein Mining
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Gold producer focused on organic growth in the Philippines
Medusa Mining Limited (“Medusa” or the “Company”), a public company listed on the Australian Stock Exchange (ASX) under the code MML, is an Australian based gold producer, focused solely in the Philippines.
SNAPSHOT OF MEDUSA
- Un-hedged, low cost gold producer focused on organic growth in the Philippines
- Profitable production from the Co-O underground mine
- Bananghilig (B1) Gold Deposit undergoing resource review
- B2 Gold Discovery adjacent to Bananghilig Deposit
- Total Mineral Resources reported in September 2015 of 2.37 million ounces under guidelines of JORC Code 2012 guidelines
- Excellent exploration upside (tenement portfolio of 596 km²) with high-grade vein and disseminated bulk tonnage gold targets.
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Annual Report 2015