Murchison Metals Limited (ASX:MMX) Quarterly Activities Report and Cashflow Statement

Murchison Metals Limited (ASX:MMX) Quarterly Activities Report and Cashflow Statement for the quarter ended 31 December 2011. The highlights for the period are include:

Murchison
- Agreement reached to sell Murchison's interests in Crosslands and OPR to Mitsubishi for $325 million
- Agreement received with Chameleon Mining to settle litigation
- Foreign Investment Review Board approval of Mitsubishi Transaction obtained
- General Meeting of Shareholders to approve Mitsubishi Transaction scheduled for 13 February 2012

Crosslands Resources Ltd (Murchison 50% Interest)
- Jack Hills Expansion Project ("JHEP") approved by WA Minister for Environment
- 481,072 tonnes of direct shipping ("DSO") lump and fines shipped during quarter
- Stage 1 mining operations completed according to five year mine plan
- Final Stage 1 shipments forecast to occur in February
Oakajee Port and Rail (Murchison 50% Interest)
- Amended Oakajee State Development Agreement to continue

For the full Quarterly Report, please go to:
http://media.abnnewswire.net/media/en/docs/ASX-MMX-575383.pdf' target=_blank>http://media.abnnewswire.net/media/en/docs/ASX-MMX-575383.pdf' target=_blank>http://media.abnnewswire.net/media/en/docs/ASX-MMX-575383.pdf


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