ASX Announcement 26 September 2008 [b]ANNUAL REPORT FOR YEAR ENDED 30 JUNE 2008[/b]
We enclose the Annual Report for the year ended 30 June 2008. The Annual General Meeting of Shareholders will be held at The Paradise Room, Gold Coast Turf Club, Racecourse Drive, Surfers Paradise, Queensland on Wednesday 19th November 2008 at 10.00am.
[b]ASX Announcement 29th September 2008 ALLOTMENT - ENTITLEMENTS ISSUE[/b]
As advised to ASX on 24 September 2008, the Entitlements Issue (Prospectus dated 19 August 2008) that closed on Friday 19 September 2008 received applications for 13,356,503 shares with 13,356,503 free attaching options, raising a total of $934,955.21. Allotment of these shares and options has been processed today and holding statements will be despatched by the Share Registry today as scheduled. Appendix 3Y “Change of Directors Interest Notice” for one director is attached. The Top 20 Shareholders and MMNOB Optionholders and the Distribution Schedules are attached in relation to the Entitlements Issue Appendix 3B that was lodged on 19 August 2008.
ASX Announcement 29th September 2008 [b]TWIN HILLS SILVER MINE UPGRADE[/b]
The initial upgrade at the Twin Hills Silver Mine is almost complete. The existing crushing circuit will shut down for three days this week to allow the new components of the circuit to be integrated with the existing circuit. Commissioning of the upgraded circuit should commence in the near future. Improvements to the heap irrigation system are also being implemented to achieve more comprehensive leaching coverage, particularly to the sloped sides of the heaps. Together with additional ore that has now been placed on Heap Two, a further 60,000 tonnes of unleached ore is expected to be under irrigation within the next week.
Yours faithfully, MACMIN SILVER LTD R.D. McNeil CEO/CHAIRMAN The Company Macmin Silver Ltd is a silver focused