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Additional Information

Market:	ASX
Sector:	General Mining
EPIC:	MOY
Latest Price:	0.02 (0.00%)
52-week High:	0.02
52-week Low:	0.01
Market Cap:	65.55M

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Millennium Minerals Full Millennium Minerals profile here

Millennium Minerals (ASX:MOY) is an emerging metals company focused on the exploration and development of a large tenement portfolio in the East Pilbara region of Western Australia.

The high-quality portfolio encompasses a large gold inventory and a secondary molybdenum project.

Millennium Minerals: Mathews Capital Partners boosts shareholding

Tuesday, November 08, 2011

Millennium Minerals (ASX: MOY) has announced that Sydney based Mathews Capital Partners acquired 72,562,560 shares between 18th October and 2nd November 2011.

Mathews Capital now holds a direct interst of 596,759,101 shares in Millennium Minerals, representing a 19.89% stake in the company.

Mathews Capital manages in excess of A$1.5 billion of funds on behalf of a variety of high net worth individuals, private companies, trusts, superannuation funds and selected institutional clients.

Millennium Minerals continues to discover gold at the 1.25 million gold ounce Nullagine project in Western Australia.

Recent reverse circulation drilling at the Otways and Little Wonder deposits delivered some good results including 5 metres at 12.0 grams per tonne (g/t) gold from 24 metres.

The significance of the gold hits are that they occur immediately beneath the current pit designs at the projects, which provide potential to enlarge pit designs prior to planned gold production in 2012.

Mineral Resource modelling is currently underway incorporating current and earlier drill results at the two deposits, along with the other deposits of Golden Eagle, Shearers, All Nations and Bartons. An ore Reserve is forecast for delivery before the end of 2011.

Millennium Minerals last traded at $0.016 per share.

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