Monument Mining Limited
Suite 490 - 688 West Hastings Street
Vancouver, BC, Canada, V6B 1P1
Tel: 604.638.1661
Fax: 604.638.1663
Web: www.monumentmining.com
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| Exchange | TSXV |
| Exchange Symbol | MMY |
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Share Structure as of: March 22, 2012
Issued & Outstanding: 186.5 million
Fully Diluted Shares: 323.7 million
Richard Cushing
Investor Relations
Monument Mining Limited
604.638.1661
info@monumentmining.com
Robin Cook
Senior Account Manager
CHF Investor Relations
416.868.1079 x 228
robin@chfir.com
Content last updated on 03.22.12
Monument Mining Limited (TSXV: MMY; FSE: D7Q1) is a gold mining production and exploration company that is operating in the Central Gold Belt District of Pahang State in Malaysia. Management is focused on increasing current production and resources, building cash flow, and looking for new opportunities to increase shareholder value.
The Company's properties:
- Selinsing Gold Mine (100%)
- Damar Buffalo Reef (100%)
- Famehub Area (100%)
- Mersing Gold Project - Earn-in Agreement
- Mengapur Polymetalic Project- 70%
Proven Mine Builders - The mine and processing facilities were constructed by management in less than two years
Producing Gold from its Selinsing Gold Mine:
- Commercial production of 44,438 oz/Au per year at first fiscal year ending June 2011-cash cost $242 US$/oz
- 400,000 tonnes/year plant capacity
- Phase III Plant Expansion for mid 2012-increased to 1 m tonnes/year capacity
- Recovery rate range between 92 - 95% over both oxide and sulphide material
Establish Platform for Future Growth
- Low cost gold production at its Selinsing Gold Mine project - U$317 oz/Au cash cost estimate for initial 5-year pit
- Mine has a 5 year tax holiday to September 2015 from Malaysian government
- Plant expansion estimated to be full operation by Q2 2012
- $4.4M drilling program of over 18,000m drilling in 116 drill holes aiming to increase gold reserves (Includes 2 new drill rigs)
- Famehub Area & Mersing Gold Project-additional prospective acres for future development
- Mengapur Polymetalic Project -new project the Company targeted to give Monument a more diversified portfolio of products and a longer operating future in Malaysia
Independent since 1957, Malaysia has grown into a stable jurisdiction overseen by a British legal system. It is a vibrant, diversified economy based on manufacturing, oil, resources and palm oil. The cost of production for mining projects is significantly lower than in Canada. Salaries and subcontracting costs stand at 1/5 of their Canadian comparables. The Selinsing mine’s first pit cost of production estimate is US$317/oz Au.
The Selinsing Gold Mine’s first gold pour occurred in October 2009; the cash surplus by 2014 is estimated at US$112.6 million using US$1,000/oz Au. At US$1,400/oz Au the surplus estimate increases to US$176.0 million.
Plant expansion is underway in 2011 to include an additional milling, gravity and leach circuit targeting completion in mid 2012.
| Selinsing (NI43-101) | Tonnes | Grade (g/t) | Oz Au | Oxide Oz | Sulphide Oz |
| Indicated (cut-off 0.59 g/t Au) | 4.82 M | 1.49 | 230,000 | 134,000 | 96,000 |
| Inferred (cut-off 0.59 g/t Au) | 10.32 M | 1.17 | 388,000 | 20,000 | 368,000 |
| [QP-Michael Andrew-November 2007] | |||||
The Damar Buffalo Reef exploration project is located on highly prospective geology along trend north from Selinsing deposit. Drill program to date suggests a much larger gold camp which stretches from Selinsing in the south to the north for over a 4.2 km long shear zone.
| Damar Buffalo Reef (NI 43-101) | Tonnes | Grade (g/t) | Oz Au |
| Indicated (cut-off 0.5 g/t Au) | 2.3 M | 2.24 | 165,500 |
| Inferred (cut-off of 0.5 g/t Au) | 1.36 M | 1.31 | 57,300 |
| [QP-Michael Andrew-May 2011] | |||
Monument acquired The Famehub Area, a land package of approximately 32,000 acres of prospective exploration land to the north of Buffalo Reef along trend and east of the Selinsing gold mine.
Monument has an earn-in agreement with the right to earn up to 100% interest in the "Mersing Gold Project" which is 256 hectares of prospective land, located approximately 30 km northwest of Mersing Town in Jahore State, Malaysia and 300 km from the Selinsing Mine.
Monument acquired a 70% interest in the project through a wholly owned Malaysian subsidiary. The Project is located approximately 130 km from the Selinsing Mine in Central Malaysia in the State of Pahang near Sri Jaya and 75 km from the port of Kuantan. The Company also acquired 100% interest of Star Destiny Sdn. Bhd. which holds the exploration permit to 750 hectares adjacent to Mengapur.
Robert Baldock - President & CEO: 30 years of experiences of raising equity and mining project finance, directing mining project development and mill construction.
Cathy Zhai - CFO & Corporate Secretary: 13 years experience with publicly listed companies at CFO’s capacity or equivalent in corporate finance, public reporting and business strategic planning.
Kevin Wright - Project Mining Engineer and General Manager: 33 years experience in designing, building and managing safe, profitable mines.
Zaidi Harun - VP Exploration: 15 years of exploration experiences, 8 years at Selinsing Gold project.
Charlie Northfield - Processing Manager: 30 years of broad experience throughout the mining industry in gold, metal sulphides and oxides in addition to industrial minerals and processing.