Monument Mining Limited(TSXV:MMY)

Monument Mining Limited is an established Canadian publicly listed company (TSX-V: MMY, FSE:D7Q1), a growth focused gold producer and mining asset developer.

Investor website: https://monumentmining.com/

About

Monument Mining Limited is an established Canadian publicly listed company (TSX-V: MMY, FSE:D7Q1), a growth focused gold producer and mining asset developer. The Company has a well-structured, proficient, and experienced management and technical team with a successful track record. Monument owns and operates the Selinsing Gold Portfolio in Malaysia and the Murchison Gold Portfolio in Western Australia. The Selinsing Gold Mine is located in Pahang State, within the Central Gold Belt of Western Malaysia, comprising the Selinsing, Buffalo Reef, Felda Land, Peranggih and Famehub properties. Murchison is located in the Murchison region in Western Australia and comprised the Burnakura, Gabanintha and Tuckanarra (20% free carrying interest) properties. The Company owns a producing mine, a historic producing site with a gold plant and all infrastructure, and a large prospective land position.

Verified company data

Cash position
62.84M
Shares outstanding
346101701
Fully diluted shares
347935029
Mineral resource
Mineral Reserves**: 267 koz Mineral Resources**: 880 koz **Selinsing-Buffalo Reef/Felda Reserves and Resources as of March 31, 2018 (Snowden)
Projects
["## Selinsing Gold Portfolio\n\n1. Selinsing Property 3.14 km2\n2. Buffalo Reef Property 1.80 km2\n3. Felda Land 15.86 km2\n4. Famehub Properties 129.50 km2\n\n### Quick Facts\n\n| | |\n| --- | --- |\n| Location | Pahang State, Malaysia, 158km North of Kuala Lumpur |\n| Selinsing Area Land | 150.3 km2 |\n| Workforce | Approximately 200 (including contractors) |\n| Ownership | 100% |\n| Mine Type | Open pit |\n| Deposit Type | Oxide & Sulphide Gold |\n| Process Method | Gravity/CIL(Oxide) & Flotation(Sulphide) |\n| Processing Capacity | 950,000 tpa* |\n| Mineral Reserves** | 267 koz |\n| Mineral Resources** | 880 koz |\n| Estimated Mine Life | Estimated at 6 years with current resource-without further ore discovery |\n\n* tpa-tonnes per annum (Gold Sulphide Flotation Plant)\n\n** Selinsing-Buffalo Reef/Felda Reserves and Resources as of March 31, 2018 (Snowden)\n\n### Overview\n\nLocated in the Central Gold Belt of Western Malaysia, the Selinsing Gold Mine covers a total area of 150.3km2 and includes the Selinsing, Buffalo Reef, Felda Land, Peranggih and Famehub properties. The mine is situated 158km north of Kuala Lumpur and has a gold processing plant and infrastructure buildings that are easily accessible from all the nearby properties.\n\nThe Selinsing and Buffalo Reef properties were acquired by Monument in June 2007. After completing a preliminary economic assessment, project financing and plant construction, the first CIL gold treatment plant started commercial production in October 2010. The plant capacity was increased from 0.4 to 1.00 million tpa in 2012. The oxide ore production by CIL plant ended in mid-November 2022, making way for the next phase of gold production: gold concentrate from the new sulphide gold flotation plant.\n\nSulphide gold production planning at Selinsing began with a NI 43-101 Report “Selinsing Gold Sulphide Project” (“the 2019 Feasibility Study”) produced by Snowden Mining Industry Consultants Pty Ltd, which replaced the existing gold inventory with gold resources of 880koz and reserves of 267koz at 1.45 g/t to extend the mine life by a further six years with upside potential. A gold sulphide flotation plant with a capacity of 950,000 tonnes per annum was built from March 2022 to March 2023 to process the sulphide ore. The first gold concentrate was filtered in December 2022, First gold concentrate shipments began in June 2023, commercial production began in September 2023.\n\n## Selinsing Gold Mine Road Map to Success\n\n2007\n\nJune 2007\n\nAcquired Selinsing and Buffalo Reef properties ($41m)\n\n2008\n\nJune 2008\n\nCapital Raises to Fund Mine Construction ($28m)\n\n2009\n\nOctober 2009\n\nFirst Gold Pour from Gravity Circuit\n\n2010\n\nSeptember 2010\n\nCommercial production from CIL Circuit\n\n2012\n\nJune 2012\n\nPlant Expansion to 1M tpa-Tailing Storage Upgraded ($10.3m)\n\n2016\n\nDecember 2016\n\nUpdated NI 43-101 Reserves & Resources at Selinsing & Buffalo Reef\n\n2017\n\nMay 2017\n\nCommenced FEED & FS for Selinsing Gold Sulphide Processing\n\n2017\n\nOctober 2017\n\nClosed Felda Block 7 Transaction\n\n2018\n\nJuly 2018\n\nCompleted FEED study for Selinsing Gold Sulphide Processing Project\n\n2019\n\nJanuary 2019\n\nNI 43-101 Feasibility Study for Selinsing Sulphide Project\n\n2019\n\nOctober 2019\n\nSelinsing pours 1,000th Gold Bar\n\n2020\n\nFebruary 2020\n\nDiscovers the Mentique Prospect\n\n2021\n\nFebruary 2021\n\nCommenced Sulphide gold project stage 1 flotation plant\n\n2022\n\nMarch 2022\n\nGround-breaking ceremony for flotation plant construction\n\n2023\n\nMarch 2023\n\nFlotation plant construction completed\n\n2023\n\nJune 2023\n\nFirst gold concentrate shipments began\n\n2023\n\nSeptember 2023\n\nCommercial production began\n\n2025\n\nJuly 2025\n\nCommencement of Expansion Drilling Program at Selinsing Gold Mine","## Murchison Gold Portfolio\n\n1. Burnakura Property 125.6 km2\n2. Gabanintha Property 43.4 km2\n3. Tuckanarra Property 63.6 km2\n\n### Quick Facts\n\n| | |\n| --- | --- |\n| Location | Murchison Area, Western Australia, 765km Northeast of Perth |\n| Murchison Area Properties | 232.6 km2 |\n| Ownership | 100% (Burnakura & Gabanintha) and 20% (Tuckanarra) |\n| Mine Type | Open Pits/Underground |\n| Deposit Type | Gold |\n| Plant Capacity | 260,000 tpa* |\n| NI 43-101-Indicated Resources | 293 koz Au |\n| NI 43-101-Inferred Resources | 88 koz Au |\n| Historical Resources** | 644 koz Au |\n\n* tpa-tonnes per annum ** Historical Resources (JORC) at time of acquisitions\n\n### Overview\n\nThe Murchison Gold Project (“Murchison”) includes the Burnakura, Gabanintha and Tuckanarra (20% free carry interest) properties, which are in the Murchison goldfield of Western Australia, 40km southeast of Meekatharra and 765km northeast of Perth. The Murchison Goldfield has yielded approximately 35moz of gold to date and it still delivers significant production from a number of currently operating mines and there is great potential for further substantial discoveries utilising modern exploration.\n\nMurchison was acquired in 2014 with historical resources of 644koz Au, a fully operational camp, 260ktpa gold processing plant (currently on care & maintenance) and several historical open pits and underground mines.\n\nThe Burnakura and Gabanintha properties were acquired in February 2014, having a total historical JORC Historical Resource of 563koz Au (153koz Au at Gabanintha, 410koz Au at Burnakura). Gabanintha is within trucking distance of the Burnakura plant. Since the acquisition, 381koz of Au resources have been reported to NI 43-101 standards at Burnakura comprising Indicated Resources of 293koz Au and Inferred Resources of 88koz Au. Monument has also refurbished a set of crushing circuits to upgrade the Burnakura gold processing plant and upgraded and maintained the 118 person mine camp and associated infrastructure ready for near term production.\n\nThe Tuckanarra project was purchased in November 2014 and contains an historical Indicated and Inferred JORC compliant resource of approximately 80koz Au. In December 2020, Monument sold an 80% interest in Tuckanarra to Odyssey Gold Ltd., leaving Monument with a 20% free carried interest until a decision to mine and a 1% NSR royalty over Odyssey’s 80% interest in the property. An unincorporated joint venture was formed with Odyssey to advance the exploration over Tuckanarra, with Odyssey solely responsible for funding the exploration and evaluation activities at Tuckanarra until a decision to mine is reached. The future processing of ore from tenements held by Odyssey through the Burnakura plant remains an option should commercial terms be reached.\n\n## Murchison Road Map to Production\n\n2014\n\nFebruary 2014\n\nAcquisition of Murchison Gold Project ($15m)\n\n2014\n\nNovember 2014\n\nAcquisition of Tuckanarra Gold Property ($4m)\n\n2014 ~ 2015\n\n2014 ~ 2015\n\nCompletion of Drilling Program at ANA, Federal City\n\n2015\n\nApril 2015\n\nFiled NI 43-101 Resource Estimate on ANA\n\n2015 ~ 2017\n\n2015 ~ 2017\n\nCompletion of drilling programs at NOAs and crushing plant upgrade ready for installation; completion of initial economic assessment for CIL/HL production\n\n2018\n\nFebruary 2018\n\nCommenced underground mining scoping study, to be included in the PEA\n\n2018\n\nMay-October 2018\n\nCompleted three drilling programs: ANA Deep Pit Drilling, NOA 7/8 Deep Exploration, and Burnakura Shallow Oxide; results have positive geological implications\n\n2018\n\nJuly 2018\n\nSEDAR filed NI 43-101 Updated Mineral Resources\n\n2019\n\nSeptember 2019\n\nMurchison 3D structural study confirms near mine down-plunge potential and highlights regional prospectively\n\n2020\n\nJuly 2020\n\nDrilling program successfully identified down plunge extensions of high grade gold mineralization at the Burnakura and Gabanintha projects\n\n2020\n\nDecember 2020\n\nCompleted a sale of 80% interest in the Tuckanarra Gold Project\n\n2021\n\nMarch 2021\n\nEconomic assessment update for the project including revised costings, pit optimisations and mine planning have all been reviewed independently by SRK\n\n2021\n\nJune 2021\n\nCommenced Exploration Program at Burnakura\n\n2022\n\nSeptember 2022\n\nCompleted Exploration Program at Burnakura\n\n2025\n\nApril 2025\n\nEntered into MOU’s with Odyssey Gold and Great Boulder Resources to evaluate treating their ore at Burnakura plant"]
Leadership
Graham Dickson (Chairman of the Board, Mining executive with over 35 years of experience in the gold mining industry, has built numerous gold treatment plants in remote areas.), Cathy Zhai (Director, President & CEO, Interim CFO, Over 20 years of experience in executive management and corporate finance, played a major role in the establishment of the Selinsing Gold Mine.), Zaidi Harun (Director, Experienced exploration geologist with 23 years in the international mining industry, key senior person in mineral property research and CSR programs.), Dato’ Sia Hok Kiang (Director, Professional geologist with 40 years of mining and exploration experience, Executive Chairman of Malaco Mining Sdn Bhd.), Jean-Edgar de Trentinian (Director, Business executive with extensive experience in mining and other sectors, currently President and CEO of ORIFER S.A.), Andrew Charles Northfield (General Manager, Selinsing Gold Mine, Mineral processing engineer with over 35 years of experience in the mining industry.), Guy Simpson (General Manager, Monument Mining Australia, Professional mining engineer with over 35 years of international experience in the gold mining sector.), Che Wan Alim (Vice President, Business Development, Over 23 years of experience in mining, strong focus on gold and bauxite production.), Jamie Brown (Chief Managing Geologist, Geologist with 24 years of experience in the mineral resource industry, including new mine project start-up and resource estimation.)

Verified data last updated: 2026-06-05

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