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Monument Mining Ltd.
Summary
| Project: | Selinsing | |
|---|---|---|
| Deposit: | Selinsing, Buffalo Reef | |
| Location: | Malaysia | |
| Commodities: | Gold | |
| Date: | 2/1/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Feasibility Study | |
| Project Stage: | Active Mining & Production | |
| Report details: | 1-2-2019: Monument Mining Ltd. announces a Feasibility Study report for its Selinsing, Buffalo Reef deposit at the Selinsing project. Feasibility study results incl. NPV (8%) of US$27.56M, IRR of 49%. This NI43-101 Technical Report describes the Buffalo R | |
| Resources: | ||
| CP/QP: | [Resources]: John Graindorge (Snowden Mining Industry Consultants Pty Ltd.) | |
| ABSTRACT: | This NI43-101 Technical Report describes the Buffalo Reef Property (“Buffalo Reef”) and Selinsing Property (“Selinsing”), a mineral exploration, development, and production area of the Selinsing Gold Mine (SGM) Project (“Selinsing Gold Mine Project”), located in the region of Selinsing, Pahang State, Malaysia. The Buffalo Reef and Selinsing Property is 100% owned by Monument Mining Limited (TSXV: MMY and FSE: D7Q1). Monument Mining Limited (Monument) is a mining and exploration company based in Vancouver, British Columbia. The report focus is on feasibility study evaluation of the operation with a BIOX® and flotation ore treatment of identified sulphide ore which is planned to be added to the existing oxide process plant at Selinsing. To this end, prefeasibility studies (PFS) were undertaken in 2016 (refer Snowden, Dec 2016) to assess the viability of the combined Buffalo Reef and Selinsing Property using a similar methodology but now updated studies to feasibility study (FS) standard have been carried out demonstrating a BIOX® and flotation ore treatment is the preferred method. This report summarises the detailed FS carried out for final front end engineering design (FEED) and plant construction detail. This FS includes updated sulphide and oxide Mineral Resource and Mineral Reserve estimates reported in accordance with CIM guidelines. Except for mining and stockpile depletions to March 2018, the Mineral Resource model has not been updated since the 2016 study, but revised reporting of the Mineral Resource has presented a significant increase in reported Mineral Resource from the previous Snowden (Dec 2016) PFS due to changes in assumed resource optimisation pit shell constraints and a revised cut-off grade. | |
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