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Monument Mining Limited

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Monument Mining Limited is an established Canadian publicly listed company (TSX-V: MMY, FSE:D7Q1), focused on growth as a 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), focused on growth as a gold producer and mining asset developer. The company operates the Selinsing Gold Portfolio in Malaysia and the Murchison Gold Portfolio in Western Australia, owning a producing mine and a historic site with a gold plant and infrastructure.

Verified company data

Cash position
62.84M
Shares outstanding
346218368
Fully diluted shares
347935029
Mineral resource
Mineral Reserves**: 267 koz Mineral Resources**: 880 koz Estimated Mine Life: Estimated at 6 years with current resource-without further ore discovery **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## 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."]
Leadership
Cathy Zhai, CPA-CGA, B.Sc. (Director, President, CEO & Interim CFO, Ms. Zhai has been the President and CEO since January 2018, and formerly the Chief Financial Officer at Monument Mining Limited since 2001. She has over 20 years of extensive experience in executive management, business strategic planning, corporate finance, and corporate secretary mainly in the mining industry.), Andrew Charles Northfield, B.Sc. (Hons), ACSM (General Manager, Selinsing Gold Mine, Mr. Northfield is a mineral processing engineer with over 35 years of experience in the mining industry, specializing in gold processing techniques and has worked in multiple countries.), Andrew Davies, AIPM (General Manager, Monument Mining Australia, Mr. Davies is a senior mining development and project management professional with more than 25 years of experience delivering major capital projects for mining companies.), Che Wan Alim, M.Sc. (Eng) (Vice President, Business Development, Wan Alim brings over 23 years of experience in the mining industry with a focus on gold and bauxite production.), Don Huntly, MSc, BAppSc, MAIG (Chief Managing Geologist, Mr. Huntly is a geologist with more than 35 years of experience in mineral exploration and mining geology across Australia.

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