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[NYBob]

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Monument Mining Limited (TSX-V: MMY) (MMTMF) and (FSE: D7Q1) If you detail the
actual operating time of the FP plant including massive
downtime including the fact that at no time in the past 4-5 months was the plant anywhere
near full breast plate capability
you will have difficulty arriving at a full month of optimum concentrate production.



Yet we produced over 4000 ounces of concentrate for that reduced month....or most likely over 50,000 ounces pro rated to 12 months.

Recall earlier that , using reported head grades, Mass pull etc, I estimated somewhere in the mid to high 50,000 production range .

So, warts and all, we are where we would have expected us to be at this stage in the commissiing of a new FP plant in the monsoon season..

Monument Mining Ltd " we did very well considering we lost over 2 months of production with breakdowns and faulty filters .



These things are to be expected . It`s still a start up and we will see big improvements .

The mention of the concentrate shed is interesting . They say " it will hold 4500 tonnes or
one month`s production " Grade of 36.2 which should improve significantly . And 31 grams
in an ounce of gold .

So 4500 x 36.2 , divide by 31 grams per ounce , multiply by 12 months and you get a
little over 63K ozs / annum . That`s pretty good considering it will get much better .
So , a good report .

Revenue of near $126 million though it could go either way ."
by nozzpack

Monument Heads Toward Commercial Production at Selinsing Gold Mine
V.MMY | 1 minute ago



VANCOUVER, British Columbia, May 30, 2023 (GLOBE NEWSWIRE) --

Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) ("Monument" or the "Company") is pleased to update the progress at the Selinsing Sulphide Project. The ramp-up of the flotation plant has made great headway, with the mill feed rate of 113 dry tonnes per hour achieved, being 95% of the design capacity of 119 dry tonnes per hour. The plant construction and mine development consumed a total of $18 million, in line with the budget.
President and CEO Cathy Zhai commented, “We are very pleased with the flotation plant ramp-up progress as we head towards full commercial production. We have commenced sulphide production in January 2023 and continue testing and adjusting to improve plant performance through the action plan. Despite several incidental plant shutdowns during March to May, the plant is expected to reach its near or full production level by June 2023, within the planned ramp up period of three to six months. To date, the flotation plant has produced approximately 3,450 dry metric tonnes (“DMT”) of concentrate with an average gold grade of 36.20 g/t, containing 4,015 troy ounces of gold. Several export permits have been recently granted by the relevant authority and concentrate shipments are currently in progress.”

Figure 1. Concentrate in Tent is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f39acde0-f30d-4cb5-ba04-acfcffe21613

Figure 2. Concentrate Storage Construction is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/616859ef-54ec-4981-af79-7bf9dbeb3575

Flotation Plant Production Ramp-up

The ramp-up of the flotation plant continued, with the mill feed rate of 113 dry tonnes per hour achieved, being 95% of the design capacity of 119 dry tonnes per hour. During this ramp-up process bottlenecks have been identified and the team has been working to correct them in order to ramp up to commercial production. The ramp-up period is expected to be completed in June 2023.

Certain design deficiencies have been detected and revision of designs have been received to improve performance efficiencies including design of a new rougher flotation tailings hopper and associated pipework, structural and civils drawings and specifications for the new concentrate thickener overflow pumps. Pump suction and delivery lines will be upgraded as well as the power supply to the bigger motors required. None of the above works has material impact on our current flotation plant operations.

The flotation plant experienced major shutdowns from early March to first week of May. The Metso-Outotec concentrate thickener rake drive gearbox was broken, replaced by a new gear box assembled in Australia, airfreighted to Malaysia, and installed. The concentrate thickener was then recommissioned, and all concentrates were recovered to the circuit. Further loss of production occurred in April until May as the filter press cloths started failing prematurely due to manufacturing defects; the supplier has accepted the defects and will supply two new sets of higher permeability filter cloths. In the meantime, replacement filter press cloths were sourced and delivered from local suppliers. Management is focused on reviewing all critical parts and in advancing the procurement plan.

Construction of the new concentrate shed continued with the concrete floor poured and the erection of structural steelwork commencing. The shed is expected to be completed by mid-June and will hold enough capacity for over 4,500 tonnes of concentrate or one month’s production.

Construction of the 100-tonne capacity weighbridge was completed, and the unit was calibrated and certified by the Metrology Corporation of Malaysia.

Manufacture of the 1 tonne bulk bagging system has been completed in the UK and is ready to be shipped to Malaysia.

Figure 3: Weighbridge is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/184810b7-a354-4785-a5d4-e65d2c2e99d0

Figure 4: Ammonium Nitrate Storage Area is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a0da4743-e701-4cae-8553-f15f6ce7be1f

Mining

Mining of the first stages of Buffalo Reef pits BRC2 and BRC3 continued, transition sulphide ore was delivered to the ROM pad and oxide ore to stockpiles elsewhere. The stockpile of around one month of process plant feed of 80,000 tonnes was maintained, with mining production over the next six months expected to boost this to at least three months or 240,000 tonnes of ore. The arrival of the new mining fleet will help enhance the mining rates.

Unexpected heavy rain in February 2023 slowed down the mining rates and explosives delivery shortages were experienced from supplier Austin Powders due to their implementation of a stricter explosive trucking policy. The explosive supply situation will be helped by the opening of a new storage facility at Bentong, which is much closer than the current supply from Kuala Lumpur. In addition, a new depot for raw materials including ammonium nitrate is being constructed at the Selinsing mine site. These developments will ensure the availability of explosives in the future by providing alternatives. Construction of this facility is ongoing and scheduled for initial use in June 2023.

Government Permits

Recently, several export permits and transportation permits have been granted to Selinsing which enable Selinsing to initiate the shipment for its first sales.

Around the Hari Raya holiday on April 21st, the new operational mining scheme (OMS) expired on April 16th, 2023 and was renewed on April 20th, 2023. The annual and monthly blasting permits expired along with the OMS and there was insufficient time for the requisite approvals for these permits before the Hari Raya holiday period. The two blasting permits were issued on May 11th, 2023 when mining activities resumed.

Concentrate Sales Preparation

Off take agreements or business confirmation letters for off-take of Selinsing gold concentrate have been signed with several concentrate buyers under competitive commercial terms. Several buyers have received export permits and the shipments are underway. The first 2,000 DMT of gold concentrate production is now available for sale and the royalties for this concentrate have been paid to the parastatal Pahang Mining Corporation.

Risks

The Company closely monitors uncontrollable risk factors with building and operation the flotation plant including: change of market conditions, change of gold prices, operation risks including critical parts shortages which may cause a longer than expected ramp up period, and changes in regulatory restrictions in relation to arsenic level contained in gold concentrate.

About Monument

Monument Mining Limited (TSX-V: MMY, FSE: D7Q1) is an established Canadian gold producer that 100% owns and operates the Selinsing Gold Mine in Malaysia and the Murchison Gold Project in the Murchison area of Western Australia. It has 20% interest in Tuckanarra Gold Project jointly owned with Odyssey Gold Ltd in the same region. The Company employs approximately 200 people in both regions and is committed to the highest standards of environmental management, social responsibility, and health and safety for its employees and neighboring communities.

Cathy Zhai, President and CEO
Monument Mining Limited
Suite 1580 -1100 Melville Street
Vancouver, BC V6E 4A6

FOR FURTHER INFORMATION visit the company web site at www.monumentmining.com or contact:

Richard Cushing, MMY Vancouver T: [phone] x102 [e-mail]

"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

Disclaimer Regarding Forward-Looking Statements

https://monumentmining.com/investors/presentation/

https://monumentmining.com/news-media/photo-gallery/

https://monumentmining.com

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171807235

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[NYBob]

The BALD EAGLE GOLF CLUB is were Women's Championship will be held
said by the new owners who have 2 golf courses since before -

People from China buying real estates in Point Roberts, WA. 98281 -
The golf course, the marina, the market place,
Seabright Farm 51% or more
etc.

ex.
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5 Acres of Beautiful Privacy.
Located west side of the Point.
Walking distance to the Golf Course.
Point Roberts being a quiet, safe, and unique land
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God Bless

[Renee]

WGLF FINRA deleted symbol:

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[Renee]

WGLF SEC Suspension:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=75547630

[stanu78]

Thanks RZ, hope they will turn profitable soon

Stan

[RonZlats]

Sure, this is from the annual report (unaudited)

12/31/05
Total Assets 3.5Million
Current assets 3.493 Million
Current liabilitis 2.079 Million
Stockholders' equity 1.459 Million
Shares outstanding 3.235 Million

2005 sales 6.193 Million vs. 04 sales of 7.906 Million
Net loss 2.833 Million or -35 cents per share in 05 vs -28 cents in 04.

Looks like all but 12k in options are underwater.

[stanu78]

Thanks RZ. If you don’t mind, would you mind letting me know what is the sales last 2 years and the gross margin and the net income in the last 2 years

Also the tangible shareholder equity (I’m assuming that 1.4M equity is not all tangible)

Is the current market cap under $1M?

Stan

[RonZlats]

Stanu, the company claims it stopped filing because of the large costs in doing so. That is true, but in the long run, they will need to begin filing again to recoup shareowner value.

The company needs to survive right now.... if it does that, we'll be cool. If not, well, I guess it really doesn't matter then.

The company just issued their last annual report which the company was kind enough to mail to me. They had a bad year last year, and I think the net shareholders' equity is about 1.4 Mill. Naturally, I think there is value in the shell and some other assets, but, will they survive? Who knows.

[RonZlats]

Dragonfly, actually, if you own 5% of a stock you HAVE to file a 13D. If you're close, I always figure it's best to make yourself known. I've done this with PYOL and MLDS as well.

[stanu78]

RZ, why did they stop reporting to SEC, I saw their last 10Q in 2003 was profitable and I don't see a reason why they should stop reporting. are they still profitable now? did oyu see their latest financial results?

do they pay dividend?
are they planning to report back to the SEC antime soon?

waht do you learn from manaagement and what you think about the potential of this stock/company

from every angle besides SEC reporting, it seems you make an awesome decision to buy this stock. it's a VMC (value microcaps)

TIA

Stan

[DFLY]

Ron cool stuff with you on Pinksheets.Never seen a regular investor actually do that before.So if im over a 5% holder of any stock I can file statement of ownership?TIA will be watching.gl and gg DF

[Here comes the night]

Triple boogie on this investment!...MWC ps so far