Monument Mining Limited (“Monument”) is a Canadian gold mining production and exploration company operating in Malaysia. The company's two 100% owned principal properties- Selinsing Gold Mine Project ("Selinsing") and Damar Buffalo Reef Prospect ("Buffalo Reef") - are located in Pahang State in the Central Gold Belt District in Malaysia, which is in the same district as the operating Penjom Mine and Raub Gold Mine.
At the Selinsing Gold Mine Project Monument has developed an open-pit gold mine and 400,000 tons per annum capacity gold treatment plant. Currently the gravity circuit is in pre-commercial production pouring over 20,000 ounces of gold since October 2009, while the CIL circuit is in the final stages of commissioning. The annual production from the initially targeted 40,000 ounces is planned to be ramped up by twinning the mill to allow targeted annual gold production of between 75,000 and 80,000 ounces.
Damar Buffalo Reef Prospect is an exploration project adjacent to the Selinsing land with a present estimated gold resource. The company completed two drill programs for 11,871 metres of reverse circulation drilling ("RC drilling"). The assay results announced show a positive outlook and confirm historic drill results. The company plans to extend the mine life at Selinsing through an ongoing exploration and drilling program at Damar Buffalo Reef. The property is a 3.2 kilometre adjacent extension to Selinsing that is mineralized over most of its length, based on drill results to date.
The company will also be strategically advancing it's land position in Malaysia to significantly grow its shareholder's value.
Monument has built a very capable management team of experienced professionals to successfully implement the company's business plan. This management team has taken the project from a Greenfield acquisition through funding, permitting, design and construction to pouring gold within 30 months of acquisition.