Moly Mines Limited confirmed the shipment of the 1,000,000th tonne of iron ore fines from the Spinifex Ridge Iron Ore Mine.

The milestone has occurred within 12 months of the mine's first shipment on 30 December 2010.

Dr Derek Fisher Moly Mines CEO and Managing Director said "we are proud of the mine performance this year and our operations staff are to be congratulated. The mine has consistently exceeded performance targets and generated significant cash flow for the Company."