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Medusa Mining Limited Quarterly Activities Report: Period Ended 31 December 2013

COMO, WESTERN AUSTRALIA -- (Marketwired) -- 01/30/14 -- Medusa Mining Limited (ASX: MML)(LSE: MML) -

Snapshot of Medusa:


--  Un-hedged, low cost, gold producer focused on organic growth in the
    Philippines
--  Successful Capital Raising of A$34 million during the quarter
--  Commissioning of new mill delayed to 6 December 2013 due to powercell
    failures
--  December 2013 quarter production of 11,587 ounces (YTD: 26,089 ounces)
--  Safety - No lost time accidents during the quarter.

OVERVIEW:


--  Successfully raised gross proceeds of A$34 million via a placement
--  Exploration drilling utilised four underground drill rigs at Co-O and
    two surface rigs at Tambis
--  Crosscutting south from the 8L Shaft has reached all the veins on the
    resource model.
--  Commissioning of the new SAG Mill was delayed until 6th December due to
    powercell failure.
--  The new SAG Mill operated at 1,800 tpd in the last days of December
--  Gold Production of 11,587 ounces for the quarter

Co-O MINE PRODUCTION & DEVELOPMENT


--  Level development continued on the 8L and all the veins in the resource
    model were intersected. The Great Hamish Veins (including Footwall and
    Hangingwall veins), Jereme Veins and Catto Veins are now being
    developed.
--  Development and stoping continued on all 8 levels during the quarter.
--  Production and development is continued on the Don Pedro and Don Pedro
    East Veins.
--  Exploration drilling continued on the 8L, 2L and on the 3L west of the
    Tinago Fault.
--  Production of 11,587 ounces was down on the September quarter's
    production (14,502 ounces) due to powercell failure with the new SAG
    Mill, which was not operational until 6th December 2013.
--  The grade was lower due to milling low grade stockpiles and development
    ore was lower due to mining narrow vein lodes.

Co-O MINE EXPLORATION


--  Drilling is continuing with two underground rigs on contract and two
    Company owned rigs. Surface exploration, including geophysical surveys
    is on-going

TAMBIS AREA - BANANGHILIG GOLD DEPOSIT


--  Diamond drilling at the B2 area is temporarily suspended pending results
    and planning of the 2014 exploration and development programmes

CORPORATE & FINANCIALS (unaudited)


--  Total cash and cash equivalent in gold on metal account at the end of
    quarter of approximately US$20.77 million
--  Successfully raised gross proceeds of A$34 million via the placement of
    18,890,390 shares at A$1.80 per share to clients of Euroz Securities
    Limited
--  Retirement of Non-executive Chairman Mr Geoff Davis (Founding Managing
    Director) and appointment of Mr Andrew Teo as his replacement

PROJECT OVERVIEW

The locations of the Company's projects are shown on Figures 1 and 2.

To view Figure 1, please visit the following link: http://media3.marketwire.com/docs/mml0130fig1.jpg.

To view Figure 2, please visit the following link: http://media3.marketwire.com/docs/mml0130fig2.jpg.

HEALTH, SAFETY & ENVIRONMENT

There were no Lost Time Accidents and no environmental breaches during the quarter.

EXECUTIVE ORDER ON MINING SECTOR REFORMS IN THE PHILIPPINES

On 06 July 2012, Philippine President Benigno Aquino III signed Executive Order No. 79 entitled "Institutionalizing and Implementing Reforms in the Philippine Mining Sector Providing Policies and Guidelines to Ensure Environmental Protection and Responsible Mining in the Utilization of Mineral Resources" ("EO 79").

On 10 September 2012, the Department of Environment and Natural Resources ("DENR") issued Administrative Order No. 2012-07 ("Rules and Regulations to Implement EO-79" or "EO-79 IRR"), and on 08 October 2012, issued Administrative Order No. 2012-07-A2 ("EO-79 Amended IRR") to revise Sections 3, 7 and 9 of EO-79 IRR. EO-79 IRR and its amendments took effect on October 25, 2012.

The implications of the EO-79 with regards to the Company's projects are discussed in the June 2012 and September 2012 quarterly reports to the ASX. There has been no change in the Company's view since then.

On March 07, 2013, the Secretary of the Department of Environment and Natural Resources (DENR) approved the lifting of the moratorium on acceptance of applications for Exploration Permits and Financial and Technical Assistance Agreements.

The new legislation on mining taxes and royalties is yet to be finalised for submission to Congress.

EXECUTIVE ORDER ON EXTRACTIVE INDUSTRIES TRANSPARENCY IN THE PHILIPPINES

On 26 November 2013, Philippine President Benigno Aquino III signed Executive Order No. 147 entitled "Creating the Philippine Extractive industries transparency Initiative" ("EO 147").

Pursuant to Section 14 of the EO 79, the Philippine government commits to participate in the Extractive Industries Transparency Initiative (EITI) that sets international standards for transparency and accountability in the extractive industries and in government. Established in 2003, the EITI is a global coalition of governments, companies and civil society collaborating to improve honest and responsible management of revenues from natural resources, particularly oil, gas, metals and minerals.

Through EO 147, the Philippine government has instituted the Philippine Extractive Industries Transparency Initiative (PH-EITI), which commits to ensure greater transparency and accountability in the extractive industries, specifically in the way the government collects, and companies pay taxes from extractive industries;

The implications of the EO 147 with regards to the Company's projects are not considered to have any negative impact and the Company sees the Executive Order as a positive commitment by the Philippine Government to adopt good governance practices in accordance with International Guidelines of the EITI.

MINERAL RESOURCES AND ORE RESERVES

The Company's current mineral resources (including the Saugon resource) and ore reserves were previously reported in accordance with the guidelines of the JORC Code 2004 (Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves). Refer to announcement of 08 August 2013, the September 2013 Quarterly Report, and the 2013 Annual Report.

The Co-O and Bananghilig deposits are currently undergoing review, interpretations and revised mineral resource and ore reserve estimations in accordance with the guidelines of the recently adopted JORC Code 2012. Since there may be material changes to the mineral resources and ore reserves, due to changes in gold price, mining dilution and so forth, the Company will not be reporting the resources and reserves until the revised estimations have been completed and signed off by the independent Competent Persons. The revised resources and reserves for Co-O and Bananghilig are expected to be reported during the September 2014 quarter.

Co-O MINE

Production

The production statistics for the December 2013 quarter and half-year with comparatives for the previous three quarters are summarised in Table 1 below.

Table I. Gold production statistics


----------------------------------------------------------------------------
                      Qtr ended  Qtr ended  Qtr ended  Qtr ended   HY ended
                         31 Dec     30 Sep     30 Jun     31 Mar     31 Dec
              Unit         2013       2013       2013       2013       2013
----------------------------------------------------------------------------
Tonnes mined  WMT       108,264    114,380    103,028     83,134    222,644
----------------------------------------------------------------------------
Ore milled    DMT        98,590     91,461     92,567     73,273    190,051
----------------------------------------------------------------------------
Head grade    g/t          4.51       5.68       5.97       6.76       5.07
----------------------------------------------------------------------------
Recovery      %              85%        87%        88%        89%        86%
----------------------------------------------------------------------------
Gold produced ozs        11,587     14,502     15,642     14,021     26,089
----------------------------------------------------------------------------
Cash costs
 (1)          US$/oz  $     526  $     339  $     355  $     296  $     422
----------------------------------------------------------------------------
Gold sold     ozs        11,774     15,560     16,236     17,760     27,334
----------------------------------------------------------------------------
Average gold
 price
 received     US$     $   1,262  $   1,336  $   1,410  $   1,630  $   1,304
----------------------------------------------------------------------------

Note:

(1) Net of development costs and includes royalties and local business taxes

The Company produced 11,587 ounces of gold for the quarter, at an average head grade of 4.51 g/t and cash costs of US$526 per ounce, inclusive of royalties and local business taxes (YTD cash costs of US$422 per ounce). Cash costs were higher during the quarter primarily due to lower gold production.

Gold production for the quarter was low due to the following reasons:


--  late commissioning of the new SAG Mill;
--  milling of marginal ore from low grade stockpiles;
--  milling of development ore sourced from narrow vein lodes.

The new SAG Mill commenced operations on 6th December 2013 and on the last days of December 2013, it achieved 1,800 tonnes per day.

Operations

Mine Development

The 8 level Shaft has been operating and during October, new sheave wheels, ropes, skips and man cages were fitted to the Shaft and the haulage speed increased from 2 m/s to 5.3 m/s.

The two ore pass system from the 6 level to 8 level loading pocket were completed and are operational.

Development continued on levels 1 to 8. During the quarter, all the veins in the resource model on the 8 level were intersected with the crosscut heading south. Development on all these veins continued during the quarter. The veins developed during the quarter were narrow, but as the south crosscut reached the Great Hamish Veins, the veins were wider and the grade from development improved towards the end of December.

Development and production continued on the Don Pedro and Don Pedro East Vein during the quarter and an exploration winze was commenced on the Don Pedro East vein from the 8 level to the 9 level.

Stoping on levels 1 to 6 continued, with stoping on the Don Pedro veins on the 8 level.

Co-O Mill

The new SAG Mill commenced operations on 6th December 2013 following the re-instalment of the repaired powercells. The Mill operated for the rest of December and in the last days of December achieved 1,800 tonnes per day.

The Dominion mill was relined during December and will commence operating in January 2014. The Kurimoto Ball mill will be relined in January and be ready to operate in February 2014.

The Detox, Thickener, CIL tanks, Gold Room and associated equipment with "Wet" processing were all successfully operated during the quarter.

Co-O Mine Drilling

Underground diamond drilling continued during the quarter utilising two large and two smaller portable drilling rigs. A total of 20 holes were completed at Levels 2, 3 and 8 for an advance of 6,160 metres.

Currently there are four diamond drill rigs operating two (on contract), two (owned by the company) on Levels 2, 3 and 8.

The Company has recently purchased an additional six portable underground diamond drill rigs to be deployed at various levels within the mine to assist in exploring for zones of additional mineralisation.

Table II. Co-O surface and underground drill hole results of greater than or equal to 0.5 metres at greater than or equal to 3 g/t gold. (Refer Appendix A for JORC Code, 2012 Edition - Table 1 Report)


---------------------------------------------
Hole Number       East(4)  North(4)     RL(4)
---------------------------------------------
                              UNDERGROUND
                           EXLORATION DRILL
                            HOLES - LEVEL 3
---------------------------------------------
L3-64W-010       613348.2  913026.6      60.5
---------------------------------------------
L3-64W-011       613341.2  913031.9      61.4
---------------------------------------------
L3-64W-012       613343.1  913032.7      61.4
---------------------------------------------
L3-64W-014       613344.3  913032.9      61.3
---------------------------------------------
                              UNDERGROUND
                           EXLORATION DRILL
                            HOLES - LEVEL 8
---------------------------------------------
L8-19E-001       614207.3  913105.2    -192.0
---------------------------------------------
L8-29E-008       614274.0  912908.3    -190.6
---------------------------------------------
L8-29E-009       614276.3  912912.8    -190.6
---------------------------------------------
L8-29E-010       614274.0  912908.3    -190.7
---------------------------------------------

----------------------------------------------------------------------------
                                                                        Gold
                                                                       Grade
                                                                    (1), (3)
                    Depth       Dip   Azimuth      From  Width(2)    (uncut)
Hole Number      (metres)    (deg.)    (deg.)  (metres)  (metres) (g/t gold)
----------------------------------------------------------------------------
                 UNDERGROUND EXLORATION DRILL HOLES -
                                LEVEL 3
----------------------------------------------------------------------------
L3-64W-010         492.00       -25       124    335.60      1.10      20.30
----------------------------------------------------------------------------
L3-64W-011         255.40        +3       331    223.65      0.90       3.47
                                             -------------------------------
                                                 241.65      1.00       3.20
----------------------------------------------------------------------------
L3-64W-012         256.80        +3       013     65.50      1.40       5.19
----------------------------------------------------------------------------
L3-64W-014         327.40        +3       020     74.50      2.20       3.70
----------------------------------------------------------------------------
                 UNDERGROUND EXLORATION DRILL HOLES -
                                LEVEL 8
----------------------------------------------------------------------------
L8-19E-001         487.10        +3       247     62.85      1.00       5.88
----------------------------------------------------------------------------
L8-29E-008         473.40        +3       174     57.80      0.65      47.77
                                             -------------------------------
                                                  85.95      1.00       4.60
                                             -------------------------------
                                                 169.30      1.20       5.30
                                             -------------------------------
                                                 203.80      0.50       3.78
----------------------------------------------------------------------------
L8-29E-009         452.20        +3       093     80.65      0.85      16.77
                                             -------------------------------
                                                 186.60      5.80       5.62
                                             -------------------------------
                                                 236.55      1.00      78.50
                                             -------------------------------
                                                 326.60      0.40       5.33
                                             -------------------------------
                                                 338.25      4.15      16.51
                                     includes    340.40      1.00      43.77
----------------------------------------------------------------------------
L8-29E-010         474.30        +3       142    194.50      1.00      13.53
                                             -------------------------------
                                                 292.00      1.70      40.50
                                     includes    292.00      0.75      73.73
----------------------------------------------------------------------------

Notes:


1.  Composited intercepts' 'weighted average grades' calculated by using the
    following parameters:
    (i)   no upper gold grade cut-off applied;
    (ii)  lower cut-off grade of 3.0 g/t gold;
    (iii) high-grade samples (greater than or equal to 20 g/t gold) within
          composited interval are individually reported; and
    (iv)  greater than or equal to 0.5 metres down hole intercept width at
          greater than or equal to 3.0 g/t gold, or
    (v)   greater than or equal to 6 gram.metres,and
    (vi)  maximum of 1.0 metre of down-hole internal dilution at less than
          or equal to 3 g/t gold.
2.  Intersection widths are downhole drill widths not true widths;
3.  Assays are by Philsaga Mining Corporation's laboratory; and
4.  Grid coordinates based on the Philippine Reference System 92. RL is
    elevation in metres relative to Mine Datum.

Co-O EXPLORATION

IP Survey

The ground Induced Polarisation ("IP") and Resistivity ("RES") survey is ongoing within the Co-O tenements including the Co-O mine environs. During the December 2013 quarter, approximately 67 line kilometres of IP survey were completed. Heavy rain has hampered the survey and it is now expected that the balance (approx. 104 line kilometres) will be completed early in the June 2014 quarter, with interpretation being carried out during the June/September 2014 quarters.

Ground Magnetics Survey

A Ground Magnetics survey is ongoing, using the same grid as the IP survey. A total of approximately 118 line kilometres were completed during the December quarter. Approximately 94 line kilometres remains to be completed, and is expected to be completed at the same time as the IP survey, with interpretation being carried out concurrent with the IP interpretation.

Reconnaissance Programmes

Reconnaissance mapping and sampling programmes are ongoing.

TAMBIS REGION

The Tambis project comprising the Bananghilig Gold Deposit (Figure. 2) is operated under a Mining Agreement with Philex Gold Philippines Inc. over Mineral Production Sharing Agreement ("MPSA") 344-2010-XIII, which covers 6,262 hectares.

The Executive Order on Mining (EO 79) signed on 6 July 2012, by the President of the Philippines, will have no immediate impact on the Bananghilig Project as the Company can continue to explore, conduct feasibility studies and planning.

BANANGHILIG GOLD DEPOSIT

The announcement of 12 September 2011 summarises the Tambis regional geological setting, local geological setting, deposit description and mineralisation. Additional information is contained in the September 2011 quarterly report dated 24 October 2011, drilling updates on 17 January 2012, 8 August 2012, 21 November 2012, and 02 April 2013, operations update on 08 July 2013, and resource estimation updates on 29 January 2013 and 08 August 2013.

Indicated & Inferred Mineral Resource Estimation

The Bananghilig resource was previously announced in accordance with the guidelines of the JORC Code 2004 (Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves). Refer to announcement of 08 August 2013, the September 2013 Quarterly Report, and the 2013 Annual Report.

The Bananghilig deposit is currently undergoing review, interpretation and revised mineral resource and estimation in accordance with the guidelines of the recently adopted JORC Code 2012. Since there may be material changes to the mineral resources, due to changes in gold price, and so forth, the Company will not be reporting the project's mineral resources until the revised estimations have been completed and signed off by the independent Competent Persons. The revised mineral resources for Bananghilig are expected to be reported during the September 2014 quarter.

Bananghilig Scoping & Pre-Feasibility Study (1)

On 09 April 2013, the Company published the results of a first pass Scoping Study(1) of the Bananghilig Gold Deposit. The Scoping Study was carried out and reported under the guidelines of the JORC Code 2004, therefore the results of the Scoping Study do not now necessarily comply with the requirements of the JORC Code 2012 and will not be reported henceforth.


(1)  The Scoping Study referred to in the announcement dated 9 April 2013
     was based on low-level technical and economic assessments of Indicated
     and Inferred Mineral Resources, as defined under the guidelines of JORC
     Code 2004, and is insufficient to support estimation of Ore Reserves or
     to provide assurance of an economic development case at this stage, or
     to provide certainty that the conclusions of the Scoping Study will be
     realised.

A Feasibility Study was initiated on the completion of the Scoping Study. Sterilisation and geotechnical drilling programmes were completed in early October 2013.

A decision was made towards the end of the September quarter to temporarily suspend the feasibility study given the mineralisation being encountered at the new B2 discovery area, as well as given consideration to the depressed gold price and commissioning of the new Co-O milling circuit.

B2 Discovery Area

During the September reporting period, two large capacity diamond drilling rigs completed two diamond drill holes (TDH332 & TDH334) within the B2 area for a total advance of 622.6 metres.

Figure 3 shows the Bananghilig area geology showing the position of the new B2 mineralisation discovery, beneath the limestone cover, relative to the Bananghilig resource.

To view Figure 3, please visit the following link: http://media3.marketwire.com/docs/mml0130fig3.jpg.

Figure 4 shows the drill hole projection plan of the B2 drill holes relative to the Bananghilig 2013 resource model.

To view Figure 4, please visit the following link: http://media3.marketwire.com/docs/mml0130fig4.jpg.

B2 Drilling Results

Results of diamond drilling at B2 were announced on 2 April 2013 and 8 July 2013, in the March 2013, June 2013 and September 2013 Quarterly Reports, and the September 2013 Annual Report. Results have subsequently been received for all outstanding sample submissions as well as for the holes completed during this quarter. Significant intercepts for completed drill holes are included in Table III below.

Geotechnical and Sterilisation Drilling Programmes

The Geotechnical drilling and test pitting programmes were completed in first week of October with one last diamond drill hole completed for a total of 60 metres. Drilling was carried out to investigate sites suitable for infrastructure associated with the potential development of the Bananghilig resource, including plant site, waste, tailings and process water storage facilities. Sterilisation drilling programme was completed in the same areas. No significant assay results have been received for any of the drilling programmes in these areas.

Regional Exploration

Reconnaissance mapping and sampling is on-going within the Tambis Region.

Table III. Bananghilig B2 Discovery Area drill hole results greater than or equal to 1 g/t gold. (Refer Appendix B for Table 1 prepared in accordance with JORC Code 2012)


---------------------------------------------
Hole Number       East(4)  North(4)     RL(4)
---------------------------------------------
                 BANANGHILIG - B2 DISCOVERY
                            AREA
---------------------------------------------
TDH328           613241.7  945191.7     214.6
---------------------------------------------
TDH330           613626.8  945064.5     123.7
---------------------------------------------
TDH332           613554.7  945020.3     142.1
---------------------------------------------
TDH334           613001.7  944955.1     147.5
---------------------------------------------

----------------------------------------------------------------------------
                                                                        Gold
                                                                       Grade
                    Depth       Dip   Azimuth      From  Width(2)   (1), (3)
Hole Number      (metres)    (deg.)    (deg.)  (metres)  (metres) (g/t gold)
----------------------------------------------------------------------------
                              BANANGHILIG - B2 DISCOVERY AREA
----------------------------------------------------------------------------
TDH328             312.50       -60       130    260.20      1.45       8.82
                                             -------------------------------
                                                 289.20     15.60       1.51
----------------------------------------------------------------------------
TDH330             294.50       -56       130    154.85     16.50       3.78
                                     includes    159.05      0.55      40.64
                                     includes    161.05      0.75      16.71
                                             -------------------------------
                                                 197.85      5.80       0.93
----------------------------------------------------------------------------
TDH332             320.50       -60       130    170.35      7.00       7.27
                                     includes    174.70      1.00      45.49
                                             -------------------------------
                                                 236.30      0.70      22.40
                                             -------------------------------
                                                 254.50      7.55       5.79
                                     includes    254.50      1.00      21.90
                                     includes    259.70      1.00      14.69
----------------------------------------------------------------------------
TDH334             302.10       -60       130     80.30      9.50       2.77
                                             -------------------------------
                                                 200.15      6.85       1.26
----------------------------------------------------------------------------

Notes:


1.  Composited intercepts' 'weighted average grades' calculated by using the
    following parameters:
    (i)   no upper gold grade cut-off applied;
    (ii)  lower cut-off grade of 0.5 g/t gold;
    (iii) high-grade samples (greater than 10 g/t gold) within composited
          interval are individually reported;
    (iv)  greater than or equal to 5 metres down hole intercept width at
          greater than or equal to 1.0 g/t gold, or
    (v)   less than or equal to 5 metres down hole intercept width at
          greater than or equal to 5 gram per metres, and
    (vi)  maximum of 3 metres of downhole internal dilution at less than or
          equal to 0.5 g/t gold;
2.  Intersection widths are downhole drill widths not true widths;
3.  Assays are by Intertek McPhar Mineral Services Inc. in Manila; and
4.  Grid coordinates and RL (elevation) based on the Philippine Reference
    System 92.

LINGIG

The Lingig prospect is located in Mineral Production Sharing Agreement 343-2010-XIII with an area of 3,824 hectares over which the Company has an operating agreement.

Detailed geological mapping was completed during the quarter. Data compilation from the mapping, soil sampling, and geophysical surveys will commence during the March 2014 quarter. Interpretations will be reviewed prior to planning drill targets.

USA PORPHYRY COPPER-GOLD PROSPECT

A Memorandum of Agreement with Corplex Resources Inc. covers the Usa prospect, which is located within MPSA application XIII-00077. Processing of the tenement application is progressing.

SAUGON DEPOSIT

Detailed and reconnaissance geological mapping, trenching and sampling programmes are on-going.

FINANCIALS (unaudited)

As at 31 December 2013, the Company had total cash and cash equivalent in gold on metal account of approximately US$20.77 million (30 September 2013: US$5.99 million).

The Company sold 11,774 ounces of gold at an average price of US$1,262 per ounce (September 2013 quarter: sold 15,560 ounces at an average price of US$1,336 per ounce).

During the quarter, the Company incurred,


--  exploration expenditure of US$4.1 million (September 2013 quarter:
    US$4.4 million);
--  US$2.7 million on capital works associated sustaining capital at the
    mine and mill and costs for the new mill construction and infrastructure
    (September 2013 quarter: US$8.9 million); and
--  US$8.3 million on continued mine development (September 2013 quarter:
    US$9.2 million).

CORPORATE


--  During the quarter, the Company raised gross proceeds of A$34,002,702
    via the issue of 18,890,390 shares at A$1.80 each to clients of Euroz
    Securities Limited. (refer announcement dated 31 October 2013)
--  Mr Geoff Davis (Founding Managing Director of Medusa) retired as Non-
    executive Chairman on 22 November 2013 and was succeeded by Non-
    executive Director, Mr Andrew Teo.

JORC CODE 2012 COMPLIANCE - CONSENT OF COMPETENT PERSONS

Medusa Mining Limited

Information in this report relating to Exploration Results has been reviewed and is based on information compiled by Mr Gary Powell who is a member of The Australian Institute of Geoscientists. Mr Powell is a Non-Executive Director and has sufficient experience, which is relevant to the style of mineralisation and type of deposits under consideration, and to the activity which they are undertaking, to qualify as a "Competent Person" as defined in the 2012 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr Powell consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

DISCLAIMER

This report contains certain forward-looking statements. The words 'anticipate', 'believe', 'expect', 'project', 'forecast', 'estimate', 'likely', 'intend', 'should', 'could', 'may', 'target', 'plan' and other similar expressions are intended to identify forward-looking statements. Indications of, and guidance on, future earnings and financial position and performance are also forward-looking statements.

Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of Medusa, and its officers, employees, agents and associates, that may cause actual results to differ materially from those expressed or implied in such statements.

Actual results, performance or outcomes may differ materially from any projections and forward-looking statements and the assumptions on which those assumptions are based.

You should not place undue reliance on forward-looking statements and neither Medusa nor any of its directors, employees, servants or agents assume any obligation to update such information.


Board of Directors:
Andrew Teo (Non-executive Chairman)
Peter Hepburn-Brown (Managing Director)
Raul Villanueva (Executive Director)
Ciceron Angeles (Non-executive Director)
Robert Weinberg (Non-executive Director)
Gary Powell (Non-executive Director)

Capital Structure:
Ordinary shares:                                                207,794,301
Unlisted options:                                                 1,575,000

Listings:
ASX and LSE (Code: MML)

To view Appendix A and Appendix B, please visit the following link: http://media3.marketwire.com/docs/mml0130appendix.pdf.

ABN: 60 099 377 849

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Fifty billion connected devices and still no winning protocols standards. HTTP, WebSockets, MQTT, and CoAP seem to be leading in the IoT protocol race at the moment but many more protocols are getting introduced on a regular basis. Each protocol has its pros and cons depending on the nature of the communications. Does there really need to be only one protocol to rule them all? Of course not. In his session at @ThingsExpo, Chris Matthieu, co-founder and CTO of Octoblu, walk you through how Oct...
We’ve been doing it for years, decades for some. How many websites have you created accounts on? Your bank, your credit card companies, social media sites, hotels and travel sites, online shopping sites, and that’s just the start. We do it often without even thinking about it, quickly entering our personal information, our data, in a plethora of systems. Sometimes we’re not even aware of the information we are providing. It could be very personal information (think of the security questions you ...
Digital innovation is the next big wave of business transformation based on digital technologies of which IoT and Big Data are key components, For example: Business boundary innovation is a challenge to excavate third-party business value using IoT and BigData, like Nest Business structure innovation may propose re-building business structure from scratch, as Uber does in the taxicab industry The social model innovation is also a big challenge to the new social architecture with the design fr...
Is your aging software platform suffering from technical debt while the market changes and demands new solutions at a faster clip? It’s a bold move, but you might consider walking away from your core platform and starting fresh. ReadyTalk did exactly that. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, will discuss why and how ReadyTalk diverted from healthy revenue and over a decade of audio conferencing product development to start an innovati...
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud. In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of So...
Data is an unusual currency; it is not restricted by the same transactional limitations as money or people. In fact, the more that you leverage your data across multiple business use cases, the more valuable it becomes to the organization. And the same can be said about the organization’s analytics. In his session at 19th Cloud Expo, Bill Schmarzo, CTO for the Big Data Practice at EMC, will introduce a methodology for capturing, enriching and sharing data (and analytics) across the organizati...
SYS-CON Events announced today that Tintri Inc., a leading producer of VM-aware storage (VAS) for virtualization and cloud environments, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Tintri VM-aware storage is the simplest for virtualized applications and cloud. Organizations including GE, Toyota, United Healthcare, NASA and 6 of the Fortune 15 have said “No to LUNs.” With Tintri they mana...