Corporate Presentation APRIL 2015

Corporate Presentation
August 2015
Forward Looking Statements
This presentation includes certain estimates, projections and “forward looking statements”
within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended that have
been provided by the Company with respect to its anticipated future performance. Such forward
looking statements reflect various assumptions by the Company concerning anticipated results,
which assumptions may or may not prove to be correct. No representations are made as to the
accuracy of such statements, estimates or projections. These forward-looking statements are
made pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of
1995. While these statements are made to convey the Company's progress, business
opportunities and growth prospects, such forward-looking statements represent management's
opinion. Whereas management believes such representations to be true and accurate based on
information and data available to the Company at this time, actual results may differ materially
from those described. The Company's operations and business prospects are always subject to
risks and uncertainties.
2
Strategy
To build on our base of gold
production through expansion and
development of our project portfolio
and acquisition of other
consolidation opportunities
3
Diversifying for Sustainability
Focused principally on Lower-Risk Mining Friendly
Sovereign Jurisdictions
Geographic Diversification: To Reduce Single
Country Risk
Commodity Diversification: Expand from Precious
Metals to Base Metals and other Industrial
Products including Copper
Strengthened Balance Sheet: Eliminated all
Company Debt
4
Mine Developer Team
Management has demonstrated the ability to
quickly build profitable operations
 Robert Baldock - President & CEO
 Cathy Zhai - CFO, Director of Human Resources & Corporate Secretary
 Zaidi Harun - VP, Business Development
 Kevin Wright - General Manager, Operations Malaysia Group
 Chee Yau Tan - General Manager, Selinsing Gold Mine
5
Developing Assets: Organic Growth
MALAYSIA GOLD PRODUCTION - Selinsing Gold Mine
•
•
•
•
Fiscal 2014 (Ended June 30 2014): produced 35,983 ounces at US$613/oz
Fiscal 2014 exploration drill program at Selinsing, Buffalo Reef, and FELDA properties consisted of 119
diamond drill holes totaling 10,039 metres
Fiscal 2015 exploration is focused on replacement of oxide ore and further studies of regional geological
structures to effectively define new targets
R&D work- Secured Intec License for Sulphide Gold Recovery Technology
WESTERN AUSTRALIA - Murchison Gold Project
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•
•
•
•
•
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Historic JORC resource: 6.41 MT @2.7 g/t for 546,000 oz gold
CIL plant, camp, lab and heap leach equipment in place
Independent engineering and met reviews and NI 43-101 compliant scoping study underway
Drill Results announced at Alliance, New Alliance, and Federal City areas
Acquisition of nearby Tuckanarra Gold Project November 12, 2014
Announces Mineral Resource on Alliance/New Alliance areas February 18, 2015
NI 43-101 Technical Report on Alliance and New Alliance Gold Deposits (Amended) filed August 12, 2015
MALAYSIA - Mengapur Polymetallic Project
•
•
•
•
•
•
Historical skarn resource contains Copper, Sulfur, Gold, Silver, Molybdenum and Iron
R&D programs underway for process flow sheet toward initial Oxide & Sulphide Fe production
(Fe Production start date being reviewed in light of market conditions - Cu production being prioritized)
Developing Intec process flow sheet to produce on site high grade copper metal for in-country sales, thereby
eliminating the need for shipping and sale of copper concentrate offshore
Working on NI 43-101 compliant Preliminary Economic Assessment (PEA), awaiting decision on Star Destiny
Resource statement and PEA timing will depend on lease boundaries when ML issues
Focus will be on mining and producing Cu and magnetite by-product for cash flow
6
Project Portfolio
Exploration
Development
Production
Selinsing
Gold
BR Sulfide
Gold
GOLD
FELDA
Famehub
Murchison
Gold
POLYMETALLIC
(Cu, Au, Ag, S, Fe)
Mengapur
7
Selinsing Gold Mine
8
Selinsing Mine Aerial View
9
Selinsing-Buffalo Reef Area
10
Selinsing Plant Area
11
Selinsing Gold Mine Open Pit
12
Selinsing Gold Mine Performance
KEY PERFORMANCE INDICATORS
Q3- F2015
October 2009 to March
(Mar. 31, 2015)
31, 2015
Ore Mined (tonnes)
Ore Processed (tonnes)
Average head grade (g/t)
Processing recovery rate (%)
Gold Poured (recovered) (ounces)
Gold Production (ounces)
Gold Sold (ounces)
Revenue (USD 000s)
Total Cash Cost $/ounce
96,761
225,644
1.44
82.2%
8,596
9,346
10,200
$12,459
560*
3,542,232
3,659,226
2.26
84.24%
223,749
220,821
214,644
$308,980
406*
*Total cash cost includes production costs such as mining, processing, tailing facility maintenance and camp administration, royalties, and operating
costs such as storage, temporary mine production closure, community development cost and property fees, net of by-product credits. Cash cost
excludes amortization, depletion, accretion expenses, capital costs, exploration costs and corporate administration costs.
13
Secures Intec Technology License
•
Company granted an interim license from Intec International Project Pty
Ltd to Exploit Sulphide Gold and Copper Recovery Technology
•
Following successful bench test program, a pilot plant run is scheduled to
commence August 2015
The Intec Technology is a hydrometallurgical process using a mixed halide
lixivinant for the extraction of pure copper, precious metals and associated
metals from sulphide concentrates
Selinsing will be an Alpha site for a commercialization trial test program
Subject to successful pilot plant results and other conditions, Company
will obtain license rights to a territory covering most of South East Asia,
including Malaysia, Australia and China
Test Program for Gold scheduled to be completed by Q3 fiscal 2016
If program successful, targeting to add an Intec circuit to Selinsing plant
by Q1 fiscal 2017
To be followed by Copper Metal Trials for Mengapur Project
•
•
•
•
•
•
14
Intec’s Plant in Burnie, Tasmania
15
Murchison Gold Project
16
Murchison Gold Project Location
17
Murchison Plant Area
18
Murchison Pit Area
Mineralized Zone Being Explored
19
Murchison Assets
Assets include:
•
•
A number of mining and exploration
tenements and lease applications
covering 98 square km
Historic JORC resource: 6.41 MT
@2.7 g/t for 546,000 oz gold
(BM Geological Services, December 2013)
•
•
•
•
•
Fully functional 260,000 tpa CIL gold
processing plant
118 man mine camp with all
amenities
Completely equipped assay lab
All necessary infrastructure such as
workshops, office et al.
Heap leach facility equipment
including extra crushing plant,
mixer, agglomerator and stacker
(uninstalled)
20
Burnakura Location Plan & Geology
21
Burnakura Mine Site Design Diagram
Including proposed heap leach crushing, agglomerating, conveying,
stacking and processing facility
22
Murchison Development Plan
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•
•
•
•
•
•
Open pit production is a priority, plant front- end upgrade for medium to high grade
ore and exploration drilling and heap leach process facility for low grade ore in
progress
Conceptual pad engineering and draft operating permit applications are completed,
new pad site being investigated to save haulage costs
Independent metallurgical test work for heap leach study completed with positive
results
Partial completed resource estimated announced February 18, 2015 (Slide 25), with
a NI 43-101 Technical Report on the Alliance & New Alliance gold deposits
Burnakura, Western Australia (Amended) filed August 12, 2015
Plant front-end crushing and screening being re-designed for more efficient lower
cost operation
Acquired the Tuckanarra Gold Project in November 2014 - a strategic move to
consolidate a large land position in the Murchison region which is accretive to the
project
Copper potential at Gabanintha being followed up
23
Murchison Drill Program
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•
•
•
•
•
•
Murchison Drill program designed to validate the
historical resource, increase the grade and
geological continuity of the mineralization through
infill drilling, test for resource extensions and define
further exploration targets
151 RC holes for 13,123m have been completed at
Alliance and New Alliance (Announced Jan. 19,
2015)
The Assay Results further confirm favorable
mineralization targets at Alliance and New Alliance
74 RC holes for 4,676m have been completed at
Federal City (Announced Jan. 19, 2015)
Feb. 18, 2015 announced a mineral resource
estimate for the Alliance/New Alliance areas of the
Murchison Gold Project
August 12, 2015 filed (Amended) NI 43-101
Technical Report on the Alliance and New Alliance
Gold Deposits Burnakura, Western Australia
The ongoing drill program work will contribute to
the current suite of technical studies on the project
24
Alliance/New Alliance Mineral
Resource Estimate
•
Mineral Resource Estimate from Cube Consulting Pty Ltd which
incorporates the results from the first 102 holes drilled
Table1. Mineral Resource for Alliance and New Alliance at a 0.5g/t Au cut-off
Indicated
Deposit
Alliance
New
Alliance
TOTAL
Inferred
(g/cm3)
(Mt)
(g/t)
Contained
Au
(Koz)
2.3
0.64
2.5
2.3
1.24
2.3
1.88
Density
Tonnes
Au
Density
Tonnes
Au
Contained Au
(g/cm3)
(Mt)
(g/t)
(Koz)
50.8
2.5
0.02
1.4
0.7
1.2
47.6
2.7
0.08
1.5
3.7
1.6
98.4
2.6
0.10
1.5
4.4
Table 2. Mineral Resource for Alliance and New Alliance at a 1.0g/t Au cut-off
Indicated
Deposit
Alliance
New
Alliance
TOTAL
•
Inferred
Density
Tonnes
Au
(g/cm3)
(Mt)
(g/t)
Contained
Au
(Koz)
2.3
0.49
3.0
2.3
0.65
2.3
1.14
Density
Tonnes
Au
Contained Au
(g/cm3)
(Mt)
(g/t)
(Koz)
47.4
2.7
0.01
3.0
0.5
1.6
33.0
2.7
0.04
2.1
2.7
2.2
80.4
2.7
0.05
2.2
3.2
Company is now undertaking a program of ongoing exploration over the
remainder of the historical resources that were acquired in 2014
25
Mengapur Polymetallic Project
26
Mengapur Plant Area
27
Mengapur Copper/Iron Plant Work
Former Production Plant Rehabilitated as 1,000 tonne per day pilot plant
targeting Copper with contained Iron by-product
28
Iron Ore Washing Plant Diagram
29
Mengapur: A large, multi-metal resource
Historic resource* of 224.4 million tonnes
Grade
Contained Metal
0.25% Copper
561,000 tonnes Copper
0.16 g/t Gold
1.15 million oz Gold
8.86 g/t Silver
63.9 million oz Silver
6.54% Sulphur
14.68 million tonnes Sulphur
Plus Iron, Molybdenum unknown-being established
*Historic resource (Normet, 1990) is not NI 43-101 compliant and not
to be depended on. This historic resource is relevant as it provides an
indication of the mineral potential of the project.
30
Mengapur Development
•
Extensive metallurgical work at in-house R&D
laboratory to support design and construction of the
iron/copper beneficiation plant
•
Completion of NI 43-101 Technical Report awaiting
government decision on issue of a mining lease title
at Star Destiny and completion of remaining test
work and analysis
•
Design and construction of an oxide iron
beneficiation plant was initiated to separate iron
from copper and other metals
•
With the drop in iron ore and copper prices, plant
development & production have been put on hold
until a market recovery
•
R&D customizing Intec copper process to produce
high grade copper metal on site for in-country sales
Dendritic copper growing on an Intec Process Cathode
LME Grade A 99.99% Copper
31
2015 Key Strategies and Deliverables
• Develop gold focused portfolio diversifying the country risk and
single production site risk
• Deliver sustainable gold production through the optimization of
plant performance and effective exploration programs
• Exploit Intec Technology at the Selinsing site for economic solution
to process sulphide ore for gold recovery and optimize performance
of the current gold processing plant, and future potential copper
from Mengapur
• Complete resource definition and economic assessment study and
develop Murchison Gold Project into a production site
• Strengthen geological study and exploration targets
32
Investor Relations Contacts
● Richard Cushing - Monument Mining Ltd. +1-604-638-1661
● Wolfgang Seybold - AXINO GmbH Europe +49-711-8209-7211
[email protected]
[email protected]
Visit to Selinsing Mine by JMG (Jabatan Minerals & Geoscience Department, Malaysia)
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APPENDIX
Property Locations
35
Selinsing Production Data
Selinsing Gold Mine
Fiscal 2010 Fiscal 2011 Fiscal 2012 Fiscal 2013 Fiscal 2014
Operating results
Ore mined (tonnes)
662,330
740,909
501,882
882,159
494,141
Ore processed (tonnes)
272,120
351,999
364,680
938,498
1,018,972
3.08
4.31
4.24
2.07
1.31
Process recovery rate
58.70%
92.90%
93.7%
87.0%
75.87%
Gold production (ounces)
13,793
44,438
44,585
52,982
35,983
Gold sold (ounces)
13,793
40,438
36,938
57,905
36,938
16,316
56,627
61,709
91,277
48,583
216
242
306
400
613
Average spot gold price, US$/ounce
1,089
1,372
1,673
1,573
1,296
Average realized gold price, US$/ounce
1,183
1,400
1,671
1,576
1,290
Average ore head grade (g/t Au)
Financial results
Gold sales (US$’000)(a)
Per ounce data
Cash cost per ounce (US$/ounce)
36
Selinsing-Buffalo Reef Resource
Selinsing-Buffalo Reef Resource as of August 31, 2012 (Practical Mining, May 23, 2013)
Category
OXIDE
SULPHIDE
OXIDE + SULPHIDE
kTonnes
Proven
Probable
P+P
Measured
Indicated
M+I
Inferred
g/t
Au (kOz) kTonnes g/t Au (kOz) kTonnes g/t
Reserves (based on a USD1550/oz gold price)
2,360
0.7
54.6
266
2.5
21.4
2,626 0.9
496
1.7
26.7
1,768
2.1
120.2
2,264 2.0
2,857
0.9
81.3
2,034
2.2
141.7
4,890 1.4
Resources including Reserves (based on a USD1700/oz gold price)
2,361
0.7
54.6
322
2.1
21.7
2,682 0.9
588
1.6
29.5
3,036
1.9
183.6
3,624 1.8
2,949
0.9
84.1
3,358
1.9
205.3
6,307 1.4
268
1.2
10
801
1.5
38.0
1,070 1.4
Au (kOz)
76.0
146.9
222.9
76.3
213.0
289.4
48.0
The 2012 Selinsing and Buffalo Reef mineral resources were estimated by Mark Odell, P.E. and owner of Practical Mining LLC, who is the
independent Qualified Person for the August 31, 2012 Mineral Resources and Reserves as defined by NI 43-101. Read the complete
Technical Report, which is available on Monument’s SEDAR profile at www.sedar.com filed May 23, 2013. The information in this
presentation is qualified in its entirety by the limitations described in the Technical Report.
37
Mengapur Historic Resource
Total Mengapur Historic Measured and Indicated Resources within Zones
A, B, and C
Note: The data presented in the table have been produced at a cut-off grade of 0.336% EQV Cu reflecting
the available information in 1990 commodity prices, operating costs, and plant recoveries
This presentation includes historical estimates and related information, which has not been verified by Monument. Read the complete
Technical Report, which is available on Monument’s SEDAR profile at www.sedar.com filed Feb. 29, 2012.
The information in this presentation is qualified in its entirety by the limitations described in the Technical Report.
38
Capital Structure (As of August 4, 2015)
Shares Outstanding:
324,218,030
Warrants:
25,000,000
Market Capitalization
$29.2 million
Options:
18,415,501
Share Price:
$0.09
52 Week High/Low:
$0.22/$0.085
Fully Diluted:
367,633,531
39

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