A Gold Producer Developing Mining Assets

TSX-V MMY
FSE D7Q1
A Gold Producer
Developing Mining Assets
February 2016
Monument Mining Limited (TSX-V:MMY, FSE:D7Q1)
is an established Canadian gold producer that owns
and operates the Selinsing Gold Mine in Malaysia,
and is advancing several exploration and development
projects including the Mengapur Polymetallic Project,
in Pahang State of Malaysia, and the Murchison Gold
Projects comprising Burnakura, Gabanintha and Tuckanarra
in the Murchison area of Western Australia. Monument also
entered Earn-In and JV agreement on the Matala Gold Project in
the DRC, Central Africa. Monument has formed a strong asset
base with its project portfolio and has positioned the Company
targeting a large scope of production. The Company employs
over 260 people and is committed to the highest standards of
environmental management, social responsibility, and health and
safety for its employees and neighboring communities.
RE C ENT P RO D UCT IO N P E R FO RM AN C E
Fiscal 2015- year ended June 30, 2015:
• Gold production was 36,473 ounces
• Sold 36,500 ounces at an average price of US$1,228/ounce
• Gross revenue of US$44.84 million
• Total average cash cost was US$587/ounce
PR O PE RT Y PO RT FO L IO
Property
January 8, 2016
SHARE PRICE:
52 WEEK High/Low:
MARKET CAPITALIZATION
SHARES OUTSTANDING:
FULLY DILUTED
$0.11
$0.14/$0.08
C$35.7 MILLION
324.2 MILLION
339.6 MILLION
W W W . M O N U M E N T M I N I N G . C O M
Interest
Acres
Status
Selinsing
100%
776
Production
Buffalo Reef
100%
444
Production
FELDA
100%
3,930
Exploration
Famehub
100%
32,000
Exploration
Mengapur
100%
2,310
Development
Murchison
100%
24,216
Development
Tuckanarra
100%
102,796
Exploration
Matala
Earn-In
486,770
Exploration
S EL IN S ING
S EL IN S ING G O L D M INE
Commercial gold production at the Selinsing processing plant
commenced in September 2010. The Selinsing gold plant has
capacity of 1,000,000 tonnes per annum (“tpa”) since June 2012,
increased from an initial 400,000 tpa. The tailing storage facility was
upgraded at the same time to accommodate 10 years of production.
2013
2014
2015
Ore Mined (tonnes)
882,159
494,141
421,845
Ore Processed
(tonnes)
938,498
1,018,972
954,165
2.07
1.31
1.45
Average Mill
Feed Grade (g/t)
87.0%
75.9%
82.4%
Gold produced (oz)
52,982
35,983
36,473
Gold Sold (oz)
57,905
37,670
36,500
During Fiscal 2015, exploration drill programs at Selinsing and
Buffalo Reef area consisted of 83 drill holes totaling 8,848 metres,
focused on replacement of oxide ore and the discovery of new gold
deposits to extend the life-of-mine at Selinsing.
A Selinsing-Buffalo Reef Resource update, as of August 31, 2012
was completed by Practical Mining LLC (May 23, 2013):
Category
OXIDE
kTonnes
g/t
SULFIDE
Gold
(kOz) kTonnes
g/t
Gold
(kOz)
Reserves (based on a USD1550/oz gold price)
P+P
M URCHI SO N G O LD P RO J E CT
The Murchison Gold Project in Western Australia including: a
property tenement package holding a historical JORC resource
estimate of 546,000 ounces of gold (6.41 million tonnes at an
average of grade of 2.7 g/t)*, a fully functional gold processing
plant, a 118 man camp with all amenities, equipped assay lab, and
all necessary infrastructure. The nearby Tuckanarra property was
acquired as a strategic asset in November 2014.*Historic resource (BM Geological
August 12, 2015 filed an
(Amended) NI 43-101 Technical Report describing the Mineral
Resource Estimate for the Alliance/New Alliance gold deposit. An
Indicated Mineral Resource of [email protected]/t Au for 98,400oz and
an Inferred Mineral Resource of [email protected]/t Au for 4,400oz was
reported at a 0.5g/t Au grade cut-off. The ongoing drill program
work continues over the remainder of the historical Resources.
September 2015, began the first phase of the heap leach
construction project targeting commissioning of heap leach facilities
by the end of June 2016.
M ENG AP U R PO LY M ET ALL IC PRO J ECT
The Mengapur Polymetallic deposit contains a historical Copper
(Cu), Sulfur (S), Gold (Au), Silver (Ag) oxide and sulphide resource.
“NI 43-101 Technical Report, Mengapur Project (Amended) (Snowden, January 2012)”.
Extensive metallurgical work was completed at the Company’s inhouse R&D laboratory to support the design and construction of an
iron/copper beneficiation plant. The Company had been refurbishing
and upgrading its 1,000 tpd pilot plant, but with the sharp decline in
iron price and the slide of copper, the start-up has been put on hold.
The Company intends to exploit Intec Technology in copper
sulphides to assess economic viability of copper metal production.
2,360
0.7
54.6
266
2.5
21.4
496
1.7
26.7
1,768
2.1
120.2
M AT AL A G O LD PRO J ECT
2,857
0.9
81.3
2,034
2.2
141.7
The Matala Gold Project is located in the southern portion of the
Twangiza-Namoya Gold Belt,South Kivu Province, DRC, Central
Africa, and comprises 14 exploration titles covering 1,969.9 square
kilometres. Company has a JV agreement to Earn-in up to 90% in
the project in stages. At Ngoy has existing historic 2012 JORC
inferred resources: Kadutu-1.8Mt @3.2g/t Au for 186,900oz and
Nyamikundu-0.2Mt @ 4.3g/t Au for 26,500oz. Proposed 2016
exploration program with potential to expand existing resources at
Ngoy and discovery of new resources with drill ready targets.
Resources including Reserves (based on a USD1700/oz gold price)
Measured
DE V E LO P M ENT
as it provides an indication of the mineral potential of the project.
RE S O U RC E S AN D E X PLO R AT IO N
Probable
&
Services Dec. 2013) is not NI 43-101 compliant and should not be solely depended on. This historic resource is relevant
Processing
recovery rate
Proven
R E SE ARC H
Monument acquired an interim license from Intec International
Projects Pty Ltd to exploit sulphide gold and copper recovery
technology using the Selinsing gold processing plant as an alpha
site. The Intec pilot plant was constructed and commissioned and
pilot plant trial testing work has commenced to further demonstrate
scale-up capability.
2,361
0.7
54.6
322
2.1
21.7
Indicated
588
1.6
29.5
3,036
1.9
183.6
Inferred
268
1.2
10
801
1.5
38
M AN AG EM E NT T E AM
Investor Relations Contact:
Richard Cushing
Robert Baldock President & CEO
+1.604.638.1661 x102
Cathy Zhai CFO, Director of Human Resources & Corporate Secretary
[email protected]
Zaidi Harun VP, Business Development
Kevin Wright General Manager, Operations Malaysia Group
Roger Stangler Chief Managing Geologist
Grant Schofield Senior Project Manager, Technical Support

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