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Millennium Minerals Ltd, Quarterly Activities Report March 2014

QUARTERLY HIGHLIGHTS
 
Nullagine Gold Project Achieves Record Quarterly Results
 
Quarterly Production Performance
-  Gold output of 18,762 ounces poured, up 33% on last quarter.
-  Mill throughput of 426,473 tonnes, 19% above 2013 quarterly average.
-  Gold sales of 18,925 ounces and revenue of $27.6 million.
-  C1 cash cost $1,065 per ounce and sustaining cash cost $1,191 per ounce.
-  Mine level EBITDA $7.16 million.
-  Production guidance for the June 2014 quarter is between 16,000 ounces and 18,000 ounces and 76,000 ounces for FY2014.
 
Corporate
-  Maiden audited 2013 after tax profit of $41.7 million declared.
-  $7 million subordinated working capital facility agreed with the major shareholder, the IMC Group.
-  Mr Greg Bittar appointed to the Board as Non-Executive Director.
 
 
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