MHMO Conversion

660 options has been converted into fully paid ordinary shares at $0.20 each

Appendix 3B

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Daily chart as at 28/7/2011

Share price $1.04 as at 28th July 2011 

M/C $106.34m

MHM                                                                         102,252,570

MHMO expiry 31 August 2012                                  25,520,600

Unlisted Options $0.20 expiry 31 August 2012            2,131,225

                          $0.20 expiry 28 November 2013      1,100,000

                          $0.20 expiry 14 December 2013       1,000,000

                          $0.25 expiry 9 October 2014              370,000

                          $0.28 expiry 30 November 2014       1,900,000

                          $0.28 expiry 4 January 2015                100,000

                          $0.85 expiry 6 October 2015               300,000

                          $1.80 expiry 20 June 2016                   300,000

Total                                                                            134,974,395

MHMO Conversion

17,500 options has been converted into fully paid ordinary shares at $0.20 each

Appendix 3B

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MHM                                                                         102,251,910

MHMO expiry 31 August 2012                                  25,521,260

Unlisted Options $0.20 expiry 31 August 2012            2,131,225

                          $0.20 expiry 28 November 2013      1,100,000

                          $0.20 expiry 14 December 2013       1,000,000

                          $0.25 expiry 9 October 2014              370,000

                          $0.28 expiry 30 November 2014       1,900,000

                          $0.28 expiry 4 January 2015                100,000

                          $0.85 expiry 6 October 2015               300,000

                          $1.80 expiry 20 June 2016                   300,000

Total                                                                            134,974,395

Daily chart as at 22/7/2011

MHM EXPLORATION PROGRESS REPORT

MHM EXPLORATION PROGRESS REPORT

ASX Release – 19 July 2011

• First stage drilling program at Cape Sorell High Purity Silica Project successfully completed,
sampling and assaying ongoing
• Highly encouraging drilling program completed at Hill 99 copper-lead-zinc prospect


HIGH PURITY SILICA DRILLING UPDATE


MHM Metals Limited (ASX:MHM) first phase diamond drilling at the Cape Sorell High Purity Silica Project has been completed. A total of six short holes intersected white quartzite over a thickness of approximately 12m based on visual appearance. The silica rich quartzite dips approximately 50° west, and drilling was designed to test the true thickness of the quartzite at the North Escarpment prospect and the potential for a more extensive silica cap over mixed sediments including sandstone and siltstone. Sampling and assaying of the drill core is continuing.

DRILLING O F HILL 99 COPPER-LEAD-ZINC PROSPECT


The two-hole 369 metre diamond-drilling program at MHM’s Hill 99 copper-lead-zinc prospect has completed, with preliminary inspection and sampling of the core by Niton XFR analyser showing highly encouraging levels of mineralisation. The target was for copper mineralisation with zinc and gold credits in either a structural or VHMS setting. The results to hand are extremely positive and the core is now being prepared for assay. 


Hole H99-04 intersected strong quartz veining from 158m to 183m within highly altered intermediate and mafic volcanic rocks with disseminated chalcopyrite (copper sulphide) though parts of this section. 


Hole H99-05 intersected strongly altered mafic volcanics throughout the hole. Intense quartz-carbonate veining is present from 118m to the end of the hole at 173m. Patchy, disseminated lead and zinc sulphides are associated with some of the veins. The intensity of the alteration and veining in both drill holes indicates that strong, mineralised hydrothermal systems have been intersected and will require follow up drilling.


Detailed studies on drill core from this and previous drill holes have shown that the stratigraphy, alteration and age of the rocks at Hill 99 are comparable with mineralised horizons at the Hellier-Fosse-Roseberry group of mines further to the north.


The drilling is consistent with MHM’s strategy to continue to progress the company’s mineral projects while assessing opportunities to engage with project development partners, divest or spin-off the mineral assets of the company at a time that maximises returns to shareholders.

Link

Daily chart as at 19/7/2011

Australian and US operational update

MHM PROGRESS REPORT 


ASX Release – 14 July 2011


• Geelong salt slag recycling plant components operating to specification
• Continued contract negotiations for US salt slag supply
• Appointment of Director of Operations, North America
• Due diligence advancing on Tennessee site selection
• Engagement with Tennessee state and local government for incentives and concessions

MHM Metals Limited (ASX:MHM) is pleased to announce that all components at the Geelong salt slag recycling plant are operating to specification. This is an important milestone for the company and paves the way for the global expansion of the business.


MHM will commence processing Alcoa’s 160,000 tonne salt slag landfill as soon as the backlog of current  stockpiles is reduced. This is in addition to the ongoing throughput of salt slag, non-salt slag and aluminium  dross from Alcoa and Sims Metal Management.


In the United States MHM continues to make progress in salt slag supply discussions with Smelter Service  Corporation, Alcoa and others. The company hopes to provide further update on this in the near future.  MHM Metals Corporation, the company’s US operating subsidiary, has appointed a Director of Operations, North America.  Mr John Pugh, formerly Vice President of Business Development and Vice President of Operations for  Smelter Service Corporation, has been appointed to the role. Mr Pugh is widely regarded as one of the leading operations executives in the US aluminium industry and will be a great asset for MHM.  Smelter Service Corporation and MHM agreed that Mr Pugh’s appointment to MHM is in the best interests of the ongoing cooperation between the companies.  Mr Pugh holds a degree in business management and has 31 years management experience in the metals industries.  This includes five years with a manganese alloy foundry and 26 years in secondary aluminium recycling, including 21 years with Smelter Service Corporation.  Mr Pugh’s appointment commenced on 1 July.


MHM continues to progress due diligence for Tennessee site selection, with a number of sites under assessment and negotiation.  The company is also positively engaged with the Tennessee state and local governments regarding concessions and incentives, and hopes to provide a further updates in the near future


Link

MHMO Conversion

82,000 options has been converted into fully paid ordinary shares at $0.20 each

Appendix 3B

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Daily chart as at 13/7/2011

Share price $1.135 as at 13th July 2011 

M/C $116.04m

MHM                                                                         102,234,410

MHMO expiry 31 August 2012                                  25,538,760

Unlisted Options $0.20 expiry 31 August 2012            2,131,225

                          $0.20 expiry 28 November 2013      1,100,000

                          $0.20 expiry 14 December 2013       1,000,000

                          $0.25 expiry 9 October 2014              370,000

                          $0.28 expiry 30 November 2014       1,900,000

                          $0.28 expiry 4 January 2015                100,000

                          $0.85 expiry 6 October 2015               300,000

                          $1.80 expiry 20 June 2016                   300,000

Total                                                                            134,974,395

MHMO Conversion

250,000 options has been converted into fully paid ordinary shares at $0.20 each

Appendix 3B

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Daily chart as at 12/7/2011

Share price $1.115 as at 12th July 2011 

M/C $113.90m

MHM                                                                         102,152,410

MHMO expiry 31 August 2012                                  25,620,760

Unlisted Options $0.20 expiry 31 August 2012            2,131,225

                          $0.20 expiry 28 November 2013      1,100,000

                          $0.20 expiry 14 December 2013       1,000,000

                          $0.25 expiry 9 October 2014              370,000

                          $0.28 expiry 30 November 2014       1,900,000

                          $0.28 expiry 4 January 2015                100,000

                          $0.85 expiry 6 October 2015               300,000

                          $1.80 expiry 20 June 2016                   300,000

Total                                                                            134,974,395