Young Australian Mines
Young Australian Mines (formerly Moly Mines) is a Queensland-based, public unlisted, mineral exploration company focused on copper-gold projects in the Cloncurry mineral province.
In 2010, YAML developed the Spinifex Ridge Iron Ore Mine which operated successfully until 2014, producing direct shipping ore exported through Port Hedland. In mid-2013, after operating the Spinifex Ridge Iron Ore Mine for approximately two and a half years, YAML completed a mine gate sale agreement for iron ore produced at YAML’s Spinifex Ridge Iron Ore Mine, thus disposing of its main undertaking. The money generated from the mining operation and the mine gate sale has been preserved to invest in future mining opportunities.
YAML currently only owns the Spinifex Ridge molybdenum-copper project located in the Pilbara region of Western Australia. The project was progressed to full permitting and definitive feasibility study in 2008. Subsequently, the development of the project was postponed as the project’s economics did not support the funding for the development of the project and a final investment decision. The project currently remains on care and maintenance.
In early 2018, YAML completed the acquisition of Queensland Mining Corporation with the intention to develop its flagship copper project, White Range.
The company was formerly known as Hibernia Gold Limited and changed its name to Moly Mines Limited in April 2005. The company was removed from the ASX in April 2017.
Contact Details
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Share Transactions
Company Activity
NEWS: Tagged in GWR signs mine deal | 11 Sep 2020 |
News Articles
Related Information
Notable People
Name | Position | Year Started |
---|---|---|
A/ Chief Executive Officer | 2014 | |
Chief Financial Officer | 2014 | |
Company Secretary | 2014 | |
Non-Executive Chairman | 2013 | |
Non-Executive Director | 2014 | |
Non-Executive Director | 2017 |
Past People
Name | Position | Year Started | Year Ended |
---|---|---|---|
Greg Jones | Non-Executive Director | 2014 | 2018 |
Anthony Martin | Non-Executive Director | 2014 | 2017 |
Troy Williams | Management Consultant, Corporate Accountant | 2014 | 2017 |
Kang Huan Jun | Non-Executive Director | 2012 | 2016 |
Cathie Wu | Non-Executive Director | 2014 | 2016 |
Douglas Buerger | Non-Executive Director | 2014 | 2014 |
Alan Edwards | Non-Executive Director | 2013 | 2014 |
Paul Eagland | Non-Executive Director | 2013 | 2014 |
Neil Hackett | Company Secretary | 2013 | 2014 |
David Pass | Acting Chief Executive | 2013 | 2014 |
Peter Mansell | Director | 2013 | 2014 |
Martijn Bosboom | Company Secretary, General Counsel | 2010 | 2013 |
David Nixon | Non-Executive Director | 2008 | 2013 |
John McEvoy | Chief Financial Officer | 2006 | 2013 |
Collis Thorp | Chief Executive | 2012 | 2013 |
Andy Zhmurovsky | Non-Executive Director | 2010 | 2013 |
John McEvoy | Company Secretary | 2013 | 2013 |
Andrew Worland | Company Secretary, Commercial & Marketing Manager (since 2005) | 2004 | 2013 |
David Craig | Non-Executive Deputy Chair | 2010 | 2013 |
Michael Braham | Non-Executive Chairman | 2010 | 2013 |
Derek Fisher | Co-Founder, Chief Executive | 2003 | 2012 |
Micheal Senft | Non-Executive Director | 2011 | |
XiaoDong Sun | Non-Executive Director | 2011 | |
Steven Xiao | Executive Director | 2011 | |
David Craig | Non-Executive Chair | 2009 | 2010 |
Paul Willis | Non-Executive Director | 2006 | 2010 |
David Constable | Non-Executive Director | 2010 | |
Peter Thomas | Non-Executive Director | 2010 | |
Colin Agnew | Non-Executive Director | 2007 | 2008 |
Bruce Morrin | Non-Executive Director | 2004 | 2007 |
Andrew Forrest | Director | 2003 | 2006 |
Andrew Worland | Chief Financial Officer | 2004 | 2006 |
Han Liu | Non-Executive Director | 2010 |
M&A Deals
Announced | Bidder | Target | Transaction Type | Total Value | |
---|---|---|---|---|---|
15/12/17 | Young Australian Mines | Queensland Mining Corporation | Acquisition | $53.0m | >> |
22/09/16 | Young Australian Mines | Gulf Alumina | Acquisition | $42.0m | >> |
10/05/13 | Mineral Resources | Young Australian Mines | Asset acquisition | $38.0m | >> |