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EPIC: MML
Market: ASX:MML
52-week High/Low: A$0.61 / A$0.27
Sector: General Mining - Gold
Market Cap: A$114.29M
Medusa Mining

Medusa Mining

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.

Medusa Mining

www.medusamining.com.au

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Big picture - Why invest in Medusa Mining


Medusa Mining Snapshot

 

 

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 2016 of 1.47 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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Mr. Andrew Boon San Teo - Independent Non-Executive Chairman

Mr Teo is an accountant with 35 years of extensive and diversified experience in accounting, treasury, corporate, legal and business administration across several industries, including the mining industry. He is currently the CFO/Executive Director of BGC (Australia) Pty Ltd, one of Australia’s largest privately owned companies, with annual turnover in excess of $2 billion and 7,000 plus staff (including sub-contractors).

Mr Teo is Chairman of the Audit Committee and a member of the Remuneration Committee, Health & Safety Committee and the Nomination Committee.

Raul Villnueva - Executive Director

Attorney Raul Villanueva was appointed an Executive Director of Medusa on 24 January 2013 following his recent appointment as President of the Company’s Philippines operating company, Philsaga Mining Corporation (“Philsaga”) in December 2012. Attorney Villanueva who has been the Executive Vice President of Philsaga since November 2011 was appointed President of Philsaga.

Attorney Villanueva who has Bachelor degrees in Economics, Military Science & Tactics, and Law has been a member of the Integrated Bar of the Philippines and an Attorney and Counsellor-at-Law since 1994. He brings a focused approach to improving the operating systems and professionalism of the Company, based on his education and several years of experience in law as well as managing companies and will further align the objectives of the Medusa Group of Companies.

 

 

 

Roy Daniel - Independent Non-Executive Director

Mr Roy Daniel has had a long association with Medusa, and was the Chief Financial Officer of the Company from December 2004 until his retirement from office in June 2013. Mr Daniel was also an executive member of Medusa’s Board from April 2006 until June 2011, in his role of Finance Director.

Mr Daniel has been associated with the resource and mining industry for over 35 years and has held various senior management and accounting positions with overseas and Australian companies. His financial and corporate experience, as well as his association with the Company since its formative years will prove invaluable.

Mr Daniel will assume the role of Chairman on the Audit Committee and also serve as a member on both the Remuneration and Nomination Committees.

Mr Ciceron Angeles - Independent Non-Executive Director

Philippines based, Mr Angeles is a geologist with over 30 years of experience in gold and base metal exploration in Asia, mainly Philippines, Indonesia, China, Malaysia and Iran. His specialisations include epithermal gold-silver, porphyry copper-gold and Carlin styles of mineralisation.

Mr Angeles obtained his MAppSc in Mineral Exploration from the University of New South Wales, Australia in 1985 and is a Fellow and accredited Chartered Professional (CP) in the discipline of geology of the Australasian Institute of Mining and Metallurgy (AusIMM). He was also the Asia Exploration Manager for Newcrest Mining during which time Newcrest brought the Gosowong Mine into production.

Mr Angeles was the Technical Director of GGG Resources plc, a company listed on the ASX in Australia and AIM in London, from 3 September 2009 until his resignation on 15 March 2012.

Mr Angeles is Chairman of the Nomination Committee.

 

Shareholder Information

The Shareholder information set out below is applicable at 08 February 2017

 Top 20 Shareholders

  Name of Shareholder Number of

 

Shares Held

 

 

% Held

 Total  Remaining Holders Balance 56,060,483 26.98 
       
1
HSBC Custody Nominees (Australia) Limited
54,539,242 26.25
2 Citicorp Nominees Pty Limited 28,557,903 13,74
3 J P Morgan Nominees Australia Limited 16,626,861 8.00
4 National Nominees Limited 12,339,008 5.94
5 Merril Lynch (Australia) Nominees Pty Limited <MLPRO A/C> 7,718,248 3.71
6 BNP Paribas Noms Pty Ltd <DRP> 4,993,335 2.40
7 Australian Executor Trustees Ltd <Lanyon Aust Value Fund> 4,067,873 1.96
8 HSBC Custody Nominees (Australia) Limited – GSCO-ECA 3,425,871 1.65
9 Amalgamated Dairies Limited 3,296,881 1.59
10 ABN Amro Clearing Sydney Nominees Pty Ltd <Custodian A/C> 3,224,188 1.55
11 Berne No 132 Nominees Pty Ltd <594138 A/C> 2,591,880 1.25
12 Mr Samuel Gonzales Afdal 2,260,000 1.09
13 Merril Lynch (Australia) Nominees Pty Limited <MLPRO A/C> 2,096,112 1.01
14 HSBC Custody Nominees (Australia) Limited A/C 3 1,198,002 0.58
15 Mr Giovanni Santalucia 1,000,000 0.48
16 HSBC Custody Nominees (Australia) Limited – A/C 2 997,471 0.48
17 Mr Brian John Greenfield + Mrs Virginia Elizabeth Greenfield <Greenfield Super A/C> 932,732 0.45
18 Brispot Nominees Pty Ltd < House Head Nominee No 1 A/C> 863,752 0.42
19 UBS Nominees Pty Ltd 820,261 0.39
20 Mr Roy Philip Daniel & Mrs Donna Mary Daniel < Daniel Super Fund A/C> 815,875 0.39
 Total  Top 20 Holders of Ordinary Fully Paid Shares 151,733,818 73.02


Substantial Shareholders*

 

Name   Date of Notice Ordinary Shares Held
    Number of Shares      Percentage
Arbiter Partners Capital Management 09 March 2017 10,678,237 5.14%
Ruffer LLP               02 March 2017 24,637,200 11.86%
 

 

 

Note* Information based on substantial shareholder notices provided to the Company.

UNQUOTED SECURITIES

The Company has the following unlisted securities on issue:

Options:

  • 2,740,500 options exercisable at $1.00 each with an expiry date of 16 December 2018
  • 1,000,000 options exercisable at $1.00 each with an expiry date of 09 February 2019

PRINCIPAL & REGISTERED OFFICE

Suite 10, 100 Mill Point Road
South Perth
WA 6151

Postal Address: PO Box 122
South Perth WA 6951

Telephone: +618 9474 1330
Facsimile: +618 9474 1342
Email: [email protected]
Website: www.medusamining.com.au

PRINCIPAL & REGISTERED OFFICE

Suite 10, 100 Mill Point Road
South Perth
WA 6151

Postal Address: PO Box 122
South Perth WA 6951

Telephone: +618 9474 1330
Facsimile: +618 9474 1342
Email: [email protected]
Website: www.medusamining.com.au

 

AUDITORS

Australia:

Grant Thornton Audit Pty Ltd

Level 1

10 Kings Park Road

West Perth WA 6005

 

Philippines:

RSB & Associates

18 Floor Cityland Condominium 10 - Tower 1

Makati City Philippines 1200

 

SOLICITORS

Australia:

Ashurst Australia

Level 32, Exchange Plaza

2 The Esplanade

Perth WA 6000

 

Philippines:

BMD Law Offices

18 Floor Cityland Condominium 10 - Tower 1

Makati City Philippines 1200

 

 

FINANCIAL ADVISOR & BROKER (UK)

S.P Angel Corporate Finance LLP

Prince Frederick House

35-37 Maddox Street

London W1S 2PP

United Kingdom

Telephone: +44 (0) 20 3463 2260

Facsimile:   +44 (0) 20 7629 134

 

BANKERS

Commonwealth Bank

150 St Georges Terrace

Perth  WA  6000

 

SHARE REGISTRIES

Shareholders who require information about their shareholdings, dividend payments or related administrative matters should contact the Company's share registry:

Computershare Investor Services:

Australia: 

Level 2,  Reserve Bank Building

45 St George's Terrace

Perth WA 6000

Telephone: +618 9323 2000

Facsimile:   +618 9323 2033

Investor Enquiries: 1300 557 010

 

Medusa Mining Timeline

Newswire
March 03 2018

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