Medusa Mining Limited  ASX:MML

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Medusa Mining Limited ASX:MML

$ 0.81

14-Apr-16

Report Date Price
Growth Portfolio 14-Apr-16 $0.81

Overview

Medusa Mining Limited (ASX: MML) is a publicly listed, Australian based gold producer, focused on growth in the Asia Pacific Region.

Medusa Mining Limited successful listing on the Australian Stock Exchange in December 2003 with the intention of exploring for gold. The main area of interest was the Philippines though the Company did have interests in projects in Western Australia.

The first 12 months saw the Company earn a 50% interest in the Saugon gold/silver project in the Agusan del Sur region of Mindanao, the large island in the south of the Philippines. Exploration identified narrow epithermal type veins containing gold and silver. Medusa’s project partners were Philsaga Mining Corporation, a privately owned Filipino corporation that operated the then small scale Co O mine and processing plant.