Gold Producer
Developing
Mining Assets
January 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 on Low-Risk Mining Friendly Jurisdictions
Geographic Diversification: To Reduce Single
Country Risk
Commodity Diversification: Expand from Precious
Metals to Base Metals and other Industrial
Products
Strengthened Balance Sheet: Eliminated all
Company Debt
4
Developing Assets: Organic Growth
MALAYSIA GOLD PRODUCTION - Selinsing Gold Mine
•
•
•
•
Fiscal 2014 (Ended June 30 2014): produced 35,983 ounces at US$613/oz
36,917 meters of drilling below or near the resource for future resource updates to come after heap leach Biological
results are known. Result timing dictate date of resource update
Drill testing resource extensions and parallel targets on adjacent FELDA lands
Phase IV: R & D studies for metallurgical treatment of sulfide material
MALAYSIA ACQUISITION - 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 being reviewed in light of market conditions - Cu production being prioritized)
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
Short-term focus will be on mining and producing Cu and magnetite by-product for cash flow
The TSXV policies absolutely prevents any disclosure of projections without a NI-43-101 report
AUSTRALIA ACQUISITION - Murchison Gold Project
•
•
•
•
•
•
5
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
First Drill Results announced August 27, 2014
Second Drill Results announced November 18, 2014
November 12, 2014 completed accretive acquisition of Tuckanarra Gold Project in WA
Mine Developer Team
Management has demonstrated the ability to quickly
build profitable operations
Team has an average of 30 years experience each
 Robert Baldock – President & CEO
 Cathy Zhai – CFO, Director of Human Resources & Corporate Secretary
 Zaidi Harun – VP, Business Development
 Chee Yau Tan – General Manager, Selinsing Gold Mine
 Kevin Wright – Project Manager, Mengapur Project
 David Morrison – General Manager, Murchison Project
6
Project Portfolio
Exploration
Advanced
Development
Production
Selinsing
Gold
BR Oxide
GOLD
Famehub
Selinsing
Deeps
Gold
BR Sulfide
Gold
Gold
Murchison
Gold
POLYMETALLIC
(Cu, Au, Ag, S, Fe)
7
Mengapur
Copper, Iron
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
Ore Mined (tonnes)
Ore Processed (tonnes)
Average head grade (g/t)
Calculated Gold Content (ounces)
Gold Poured (ounces)
Gold Production (ounces)
Gold Sold (ounces)
Revenue (USD 000s)
Total Cash Cost $/ounce
Q1- F2015
(Sept. 30, 2014)
74,384
253,514
1.65
11,324
10,336
9,745
6,300
$8,179
699*
October 2009 to
September 30, 2014
3,335,804
3,199,783
2.37
205,882
203,089
201,525
193,044
$282,691
388*
*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
Selinsing Phase IV Development
•
To economically treat transition and
sulphide gold bearing material at
Selinsing Gold Mine
•
Bio-leach Engineering Study by
Lycopodium of Australia Completed
•
Bio-leach Engineering Study by
Tetratech of Canada Completed
•
Current R&D programs on alternate
oxidation processes in parallel with
Biological heap leach trials underway
aimed to reduce capital investment
14
Mengapur Project
15
Mengapur Plant Area
16
Growing Forward : Mengapur
Leveraging our experienced, accomplished team to succeed again
•
•
•
•
•
17
Acquired 70% of CASB in Feb 2012 for US$60M; remaining 30% for $16 M in Dec 2012 with
cash on hand
Acquired 100% interest in SDSB (Adjacent Prospecting Lease) in November 2011-Application
for issue of mining lease filed
R&D programs underway for initial Cu and Fe production & developing process flow sheet
Working on NI 43-101 compliant Preliminary Economic Assessment (PEA)
Short-term focus will be on mining and producing copper and magnetite by-product for cash
flow
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.
18
Mengapur Copper and Iron Plan
Phase I: Production of Magnetite by magnetic
separation with WLIMS & WHIMS Technology
from free digging overburden soils
Phase II: Production of Cu with Magnetite byproduct (potentially) from hard rock Skarn by
crushing, grinding and flotation
Phase III: Recovery of ultra-fine Magnetite from
Hematite material by milling, WLIMS & WHIMS
19
Mengapur Copper & Iron Phase I
•
Exploration focused on the
identification of copper & magnetite
material
•
Metallurgical test work to design a
7,000 tonnes per day (tpd) copper
with magnetite by-product
concentration processing plant
•
R&D conducted on the magnetic
separation process (WLIMS & WHIMS)
•
Advancing towards development of
marketable copper & magnetite byproduct
20
Mengapur: Copper & Magnetite
by-product Separation Process Flow
Copper Flotation
Plant Circuit
Stockpile
Magnetite
Concentrate
Hydro Cyclone
Crushing
Ball Mill
Grizzlies
WLIMS
21
Vibrating
Screens
Mengapur-Copper & Iron Plant Work
22
Iron Ore Washing Plant Diagram
23
Magnetic Separation Flowsheet-Part 1
Raw Feed
24
Magnetic Separation Flowsheet-Part 2
25
Mengapur-R & D Test Work Program
•
Metallurgical test work started on
Magnetic Separation (WLIMS & WHIMS)
using samples from acquired stockpile
and samples from drilled materials
•
Objectives of R&D work
– Separation of Copper
– Separation of Magnetite
– Separation of Goethite
– Separation of Hematite
– Separation of Pyratite
26
Prolific Murchison Goldfield
Western Australia
27
Murchison Project
28
Murchison Plant Area
29
Murchison Pit Area
Mineralized Zone Being Explored
30
Murchison Gold Project
• MMY acquired all Murchison
assets for AUD$15 million
• Project located 765 km north of
Perth near Meekatharra, Western
Australia
• Project includes a number of
mining and exploration
tenements and lease applications
covering approximately 98
square kilometres of land
• Historic JORC resource: 6.41 MT
@2.7 g/t for 546,000 oz gold (BM
Geological Services, December 2013)
31
Murchison Assets
Assets include:
• 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)
32
Murchison Development Plan
•
•
•
•
•
•
33
Open pit production is a priority, plant front
end upgrade for medium to high grade ore
and exploration drilling and heap leach for
low grade ore in progress
Conceptual pad engineering and draft
operating permit applications are completed,
new pad site being investigated
Independent metallurgical test work for heap
leach study is presently being carried out
Drill program underway to confirm resource
(NI 43-101 compliant), with the objective to
upgrade and increase resource and provide
material for metallurgical testing
Plant front-end crushing being re-designed
and upgraded to 3-stage crushing for more
efficient lower cost operation
November 12, 2014 acquired the Tuckanarra
Gold Project-a strategic move to consolidate
a large land position in the Murchison region
which is accretive to the project
Murchison Drill Program
•
•
•
•
•
34
Initial 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 (see slide 30)
102 RC holes for 9,340m have been
completed in the initial program at Alliance
and New Alliance (Announced Nov. 18 , 2014)
The Assay Results further confirm favorable
mineralization targets at Alliance and New
Alliance
63 RC holes completed at Federal City for
4,058m and samples sent to SGS laboratories
This drill program work will contribute to the
current suite of technical studies on the
project
Cautious Steady Growth
Upturn in Metal Prices—Acquired, Financed and
Built Selinsing Mine-Produced Gold-Cash Flow
Downturn in Metal Prices—Investment into
Distressed Mengapur and Murchison Assets to
increase Project Portfolio
Stable Metal Prices—Developing Project
Portfolio Assets in Phases
Using Free Cash Flow Preparing for Ongoing Low
Future Metal Prices and Market Volatility
35
Catalysts: How We Add Value
Selinsing Expansion- Process for Treatment of
Sulphide Ore
Developing Mengapur Project in Phases
Developing Murchison Project in Phases
Consolidating Present Asset Base with
Accretive Asset Acquisitions
Long-term goal is to be a dividend paying,
mid-tier gold and metals producer
36
Investor Relations Contacts
 Richard Cushing-Monument Mining Ltd. 604-638-1661
 Wolfgang Seybold-AXINO GmbH +49-711-2535-9240
[email protected]
[email protected]
Visit to Selinsing Mine by JMG (Jabatan Minerals & Geoscience Department, Malaysia)
37
Appendix
Malaysia Land Position
•Selinsing (100% Interest)
Operating gold mine
•Buffalo Reef (100%)
Adjacent Operating Oxide Gold Mine
with sulfide resource
•FELDA (100%)
Exploration Potential adjacent east and south of
Selinsing within possible trucking distance to the
Selinsing mill
•Famehub (100%)
Exploration projects NE of Selinsing within possible
trucking distance to the Selinsing mill
•Mengapur Polymetalic Project (100%)
Cu, Au, Ag, S, Fe historic resource
39
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)
40
Selinsing-Buffalo Reef
Reserve & Resource
Selinsing-Buffalo Reef Resource as of August 31, 2012 (Practical Mining, May 23, 2013)
Category
OXIDE
SULFIDE
OXIDE + SULFIDE
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
• Gold mineralization occurs in a 4.2 km long district along a shear zone from Selinsing to Buffalo Reef;
potentially extending further north to the Famehub properties
• Mineralization outside of the August 31, 2012 Mineral Resource remains open down dip below existing pits
• Drill results from over 380 drill holes from Selinsing and Buffalo Reef are not included in the August 31,
2012 NI 43-101 resource/reserve and will be incorporated into a future update
• As of December 31, 2013, many additional assays from over 100 drill holes along the mineralized trend are
currently in progress
41
Mengapur Geology
Fe-Cu-S-Au-Ag
mineralization is hosted
in pyroxene and garnet
skarn which surrounds
the core intrusive body
42
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
The information in this presentation is qualified in its entirety by the limitations described in the Technical Report.
43
Murchison Historic Resource
Murchison historical resource inventory and the historical
classification as per JORC 2004 and JORC 2012:
A qualified person has not done sufficient work to classify the historical estimate on the property as current
mineral resources under NI 43-101 and Monument is not treating the historical resource estimate on the
property as current mineral resources.
44
Famehub
45
•
9 separate grassroots
prospects NE of Selinsing
totaling 133.5 km2 (32,000
acres)
•
Satak Serau on N-S SelinsingBuffalo mineralized trend;
Rubber Hill east of Buffalo
•
Priority targets identified
with AUD$40M historic
exploration data
Capital Structure
Shares Outstanding:
310,218,030
Warrants:
28,115,000
Market Capitalization
$43.4 million
Options:
19,145,501
Share Price:
$0.14
52 Week High/Low:
$0.37/$0.11
Fully Diluted:
46
As of January 9, 2015
357,478,531