Additional Information
Market: ASX
Sector: General Mining - Gold
EPIC: MOY
Latest Price: A$0.02  (0,00%)
52-week High: A$0.02
52-week Low: A$0.01
Market Cap: A$65.55M
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Millennium Minerals
www.millenniumminerals.com.au

Millennium Minerals Limited (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.

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Millennium Minerals granted voluntary suspension pending capital raising details

24th Aug 2011, 6:04 am

Millennium Minerals (ASX: MOY) has been granted a voluntary suspension that the company expects to last for no more than three trading days, pending an announcement on a future capital raising.

Millennium is currently progressing the 1.25 million gold ounce Nullagine Gold Project, with RM Research noting in a research report released earlier in the month, together with A$16.5 million in cash, A$35 million syndicated debt facility and a A$10 million lease facility, Millennium requires a further A$25 million in equity to enable project construction to commence.

RM Capital said they anticipate substantial resource upgrades in the near term, and subsequently rated Millennium as a BUY with a $0.08 price target.

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