Member Company Profile

Millennium Minerals

MOY:AU|Last Price: USD 0.08|Market Cap: USD 60.60 M

USD 0.04        USD 0.17


Gold Price: $1,435.25|Silver Price: $16.33|Platinum Price: $853.00|Palladium Price: $1,532.00|Gold:Silver: 87.9


Status: Producer|Primary Mineral: Gold|Primary Country of Operation: Australia


Last Updated: September 17, 2018

  Print Profile

IR Contact

Laurie Barr
+61 (0) 8 9216 9011
[email protected]
https://www.millenniumminerals.com.au

Address

Unit 7, 140 Abernethy Road
Belmont, WA 6104
Australia

Cautionary Information

© Copyright 2019, Denver Gold Group & Millennium Minerals.
Although every care has been taken to ensure that this data is accurate, Denver Gold Group cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by Denver Gold Group's Terms of Use.

Millennium Minerals is an ASX-listed gold producer (ASX code: MOY) focused on its 100%-owned Nullagine Gold Project in the East Pilbara region of Western Australia. The Company has a clear pathway to delivering substantial increases in production and mine life. Millennium will produce approximately 80,000 ounces of gold in 2018 from the Nullagine Project, and has recently achieved its long-held production target of an annualized run-rate of +100,000 ounces per annum.
The Nullagine Project has a Mineral Resource inventory totalling 1.3 million ounces of gold and Ore Reserves of 305,000 ounces, with aggressive exploration programs underway to extend mine life beyond five years.

Value Drivers
  • Nullagine Gold Project achieved 100k o.p.a. run-rate a full quarter ahead of schedule. Current 3 year mine life is growing to +5 years
  • Production uplift driven by significant increase in the average head grade as the new Bartons U/G and higher grade open pit ore comes on stream.
  • New exploration targeting approach delivering major breakthroughs, with grades of up to 54.9g/t and 42.35g/t Au from two separate locations transforming the outlook for the large Golden Eagle deposit

Annual Production
Gold, oz per year
GEOs: No

Annual Proven & Probable Reserves
Gold, Moz per year
Mineral Authority: JORC , GEOs: No

All data is attributable unless otherwise stated in footnotes. Mineral resources are exclusive of reserves unless otherwise stated in footnotes.

Top Shareholders
  • IMC Group
  • Old Mutual
  • Directors and Officers collectively
Management
Chairman: Greg Bittar
CEO: Peter Cash
CFO: Ray Parry
COO: Dean Will
Non Executive Director: Peter Lester
Non Executive Director: Tim Kennedy
Alternative Director: Bruno Lorenzon
More Detail
Capital Structure
Common Shares Outstanding: 780,917,069
Fully Diluted Shares: 780,917,069

IR Contact

Laurie Barr
+61 (0) 8 9216 9011
[email protected]
https://www.millenniumminerals.com.au

Address

Unit 7, 140 Abernethy Road
Belmont, WA 6104
Australia

Cautionary Information

© Copyright 2019, Denver Gold Group & Millennium Minerals.
Although every care has been taken to ensure that this data is accurate, Denver Gold Group cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by Denver Gold Group's Terms of Use.