Monument Mining Ltd (MMY)

[NYBob]

$Monument Reports Second Quarter Fiscal 2021 (“Q2 2021”) Results
March 1, 2021
View PDF
Gross Revenue of $6.84 Million and Cash Cost of US1,103/Oz
Vancouver, B.C., March 1, 2021,

https://www.monumentmining.com/news-media/news/2021/monument-reports-second-quarter-fiscal-2021-q2-2021-results/

Monument Mining Limited (TSX-V: MMY and FSE: D7Q1)
“Monument” or the “Company” today announced its second quarter
production and financial results for the six months ended
December 31, 2020.
All amounts are expressed in United States dollars (“US$”) unless
otherwise indicated (refer to www.sedar.com for full financial
results).

President and CEO Cathy Zhai commented:
“During the first six months of fiscal 2021, the Company has completed
the economic valuation of each of its wholly-owned projects, closed the
Tuckanarra JV Transaction, and streamlined the gold portfolio by
entering into the definitive agreement to sell the Mengapur base metal
project subsequent to the second quarter.

Upon closing the Mengapur transaction, the Company’s strategy will be to
“Unblock the Value” with the proceeds from the transaction available to
advance the Company’s gold portfolio in Western Australia and Malaysia,
and to support corporate development.”

Second Quarter Highlights:

3,754 ounces (“oz”) of gold sold for $6.84 million
(Q2 2020: 4,473oz for $6.61 million);

Average quarterly gold price realized at $1,889/oz
(Q2 2020: $1,486/oz);

Cash cost per ounce sold was $1,103/oz
(Q2 2020: $903/oz);

Gross margin increased by 5% to $2.69 million
(Q2 2020: $2.57 million);

2,963oz of gold produced
(Q2 2020: 4,827oz);

All-in sustaining cost (“AISC”) increased to $1,601/oz
(Q2 2020: $1,245/oz);

Sold 80% interest in Tuckanarra Project to Odyssey to advance
exploration; and

Completed due diligence on the Mengapur Transaction.


$Monument Mining: Gold Focused Producer in Western Australia and
Malaysia, Implementing Value Created Strategy
•Mar 10, 2021

Swiss Resource Capital AG
19.6K subscribers

https://www.youtube.com/watch?v=a3qrP2Y10M0

$Monument’s primary Selinsing Gold Mine in Malaysia and
Murchison Gold Project in Western Australia
hold total 1.2 million current gold resources
of which over 0.5 million are measure and indicated
over land tenue of 410 sqkm.

$Selinsing Gold Mine has produced 321,694 ounces for
$441.6 million in revenue and
cash cost of $520 per ounce in past 10 years
through a 1M tpa capacity mill;
the mine has another 6 years of life of mine
production.

$Murchison Gold Project has over 381,000 ounces of gold resources
with a 260,000 tpa mill well maintained and
a full functional camp.

A $10 million two-year regional exploration plan is underway
to lift gold inventory and potentially establish
the Murchison a corner stone project.

Divesting of Mengapur base mental project in Malaysia
allows Monument to be re-rated at the rising gold market and
fund its value creation growth strategy including
potential acquisition of the high quality gold assets.

https://www.youtube.com/watch?v=a3qrP2Y10M0


$Monument Mining has been successfully producing gold in Malaysia for
the past 10 years and now has a promising development project in
Western Australia.

$MMY Heap Leach Production Potential of Murchison;



It's decent analysis of the heap leaching potential
of the lower grade ores at Murchison.

As far as I know, we have the necessary heap leach equipment on hand
at $Burnakura for 2 million tons per year.

However, agglomeration seems to be not needed very much for Burnakura
ore.

So I use 2 cycles per year Of 500,000 tons of auriferous ore which means
1 million tons per year.

I will use an average of 0.9 gms per ton as head grade of the ore
placed on the heap leach pads.

So, that means 900,000 grams of contained gold on the heap leach pads
per year.

$Recovery rates is about 90% for this grade of ore, so we end up
recovering about 800,000 grams of gold per year, which divided
by 31 gms per ounce means an annual production of about
25,000 ounces per year.

This is quite close to the 30,000 ounces recovered/ year by
Indee gold

$So, combining 40,000 ounces of high grade production from underground
ore through the Burnakura mill @ 300,000 tons per year.....see my
previous post..and 25,000 ounces of the lower grades from heap leach,
we have about 65,000 ounces of production per year.

Heap leach is cheaper than milling for obvious reasons.



So an AISC of $1000 per ounce for the two combined production methods
seems quite reasonable .
@$1800 POG, we are excess cash flowing about $50 million per year .

This would imply..but degraded 4,5 times , for lower production ..a
fair value of about $225 million for our Murchison production,
employing fully our current milling and heap leach facilities .

We have in addition , that rich gold copper resource at the
Yagahong deposit of Gabathinia along with its other 6 pits none of
which have been fully explored or the possibility of
finding supergene ore.

So, our Murchison assets have superb value at current POG.

Its a win win situation
By nozzpack


$MMY- $70 mil in assets and only a $42 mil market cap? NO DEBT! )

Way undervalued and oversold -
5 bagger + + + + ? or more - )
IMO!

https://www.monumentmining.com/

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

Imo! TIA

https://investorshub.advfn.com/Monument-Mining-TSXV-MMY-13403/


$Monument Mining (TSXV:MMY) Photo Gallery - well they growing with new
great discovery of plenty more gold ore to increase
the ore reserve with good drilling results to be mined many future
years the weather is good no curtain needed - )



$1,000th Gold Bar Pour Produced by MMY; Photo Gallery ) It's a great Mother ore start;

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

$Market Cap $46 mil. - No Debt - someone has to be kidding )
is it the fact ???
What a Great Gold Mines bargain )

MMY It's very undervalued, oversold like > hidden giant Au gold mines
soon to be discovered )
Imo!


$Selinsing Gold Mine

$The Selinsing gold mine is an operating high-grade gold mine at Bukit
Selinsing in Pahang State, Malaysia.














https://www.mining-technology.com/projects/selinsing-gold-mine/




Monument Reports First Quarter Fiscal 2021 (“Q1 2021”) Results
November 16, 2020
VIEW PDF
https://www.monumentmining.com/news-media/news/

https://www.monumentmining.com



News Releases
Monument Reports First Quarter Fiscal 2021 (“Q1 2021”) Results
November 16, 2020
View PDF
Gross Revenue of $5.92 Million and Cash Cost of US$923/Oz

Vancouver, B.C., November 16, 2020,

Monument Mining Limited (TSX-V: MMY and FSE: D7Q1)
“Monument” or the “Company” today announced its first quarter
production and financial results for the three months ended
September 30, 2020.
All amounts are expressed in United States dollars (“US$”) unless
otherwise indicated (refer to www.sedar.com for full financial
results).

President and CEO Cathy Zhai commented:
“Fiscal 2021 started with new challenging as a global COVID-19
pandemic carried forward from fiscal 2020.
The Company has fully resumed its production in the first quarter
from eight-week’s mining ban at Selinsing in the first quarter,
the Selinsing Sulphide gold plant upgrade
is however still pending for financing.

“On the other hand, gold price surged to record high and
the gold mining sector was very active in Western Australia,
gold mining producers enjoyed high production margins, and
investment is flowing into that region for gold explorations.

The Company continues try hard to access to financing, and
it is very closely monitoring the market and looking for
divesting of base metal portfolio to
focus on primary gold assets, as well as
new corporate development opportunities
to lift up market value for the best
interest of its shareholders.”

First Quarter Highlights:

3,504 ounces (“oz”) of gold produced (Q1 2020:

4,852oz) with 3,100oz of gold sold for gross revenue of
$5.92 million (Q1 2020: 4,323oz of gold sold for
revenue of $6.34 million);

Gross margin of $3.06 million (Q1 2020: $2.65 million);

Average realized price per ounce, excluding prepaid gold sales, of
$1,909/oz (Q1 2020: $1,475/oz);

Cash cost per ounce of $923/oz (Q1 2020: $855/oz);

All-in sustaining costs per ounce (“AISC”) of $1,055/oz (Q1 2020:
$1,158/oz);

Peranggih grade control drilling after positive trial mining results
identified 58,662 tonnes at 0.93g/t Au materials;

Production resumed at Selinsing after lifting eight weeks mining ban in
last quarter during COVID-19 pandemic
Entering into a Tuckanarra JV arrangement with Odyssey subsequent to
the quarter opens corporate development opportunities in WA region.

First Quarter Production and Financial Highlights

https://www.monumentmining.com/news-media/news/2020/monument-reports-first-quarter-fiscal-2021-q1-2021-results/

Monument Mining (TSXV:MMY) Note...

RE:Substantial Increase in Gold ...Stage 1 open pit Peranghi
nozzpack @ sth. wrote:

Based on the 2017 GC drilling program which identified a high grade zone
measuring 150 m by 80 m in P North ( see Fig 1 in link below )
management estimated this this GC zone contained 20,000 to 30,000
ounces....see link to 2017 NR below.

The recently completed 5002 m GC drilling of this Zone elicited this
statement from management..

The GC delineated indicates;

54.2% higher contained ounces,
63% higher gold grade, and
5.2% less tonnage gold materials to be extracted than
the initial assay results from 2017 GC drilling program
at the same area.

So in just this small zone, we now have
at least 31,000 to 47,000 ounces of
even higher grade gold within a lesser volume of ore.

I had earlier missed this implication .

They are now telling us that we have a significant new gold deposit
at Peranghi whose size will eventually describe
a substantially new oxide resource once P North and
the other 3 high grade zones are fully explored.

My earlier analyses of these 4 zones showed in
excess of 120,000 ounces.

This discovery completely alters the future perspective
for mining at Selinsing.....no rush
to fund Biox as we have new and
substantial sources of high grade oxides
for years to come

xxxxxxxxxxxxxxx


The Peranggih phase 1 GC drill program was completed
during Q1 2021 with additional 1,466 meters drilled
bringing total drilling to 5,002 meters.

The drill program identified a
total of 58,662 tonnes at 0.93g/t Au,
which increased the mining inventory.

The GC delineated indicates;

54.2% higher contained ounces,
63% higher gold grade, and
5.2% less tonnage gold materials to be
extracted than the initial assay results
from 2017 GC drilling program at the same area.

A further GC drill program was planned;

The Peranggih phase 1 GC drill program was completed
during Q1 2021 with additional 1,466 meters drilled
bringing total drilling to 5,002 meters.

The drill program identified a;
total of 58,662 tonnes at 0.93g/t Au,
which increased the mining inventory.

The GC delineated indicates;
54.2% higher contained ounces,
63% higher gold grade, and
5.2% less tonnage gold materials to be extracted
than the initial assay results from
2017 GC drilling program at the same area.

A further GC drill program was planned,

see fig 1 at this link

https://www.monumentmining.com/news-media/news/2020/monument-announces-trial-mining-results-at-peranggih-gold-prospect-in-malaysia/


https://www.monumentmining.com/news-media/news/2017/monument-announces-encouraging-results-from-recent-drilling-at-new-gold-field-peranggih-project/

The recent 2017 close spaced RAB drilling program
was carried out at an historic mining site to
test 150m strike length x 80m width of the mineralization.

This allowed the accurate identification of
several high grade gold (HG) zones surrounded
by a main low grade (LG) halo.

The significant drill intersections;
(Au >2.0 g/t & >5m length) within a more
consistent high grade gold area are presented in
Table 1.

The full set of drill results for the holes intercepting
this HG gold mineralization occurrence are listed in

Appendix A and Appendix B.

Previous activities plus more recent exploration works,
totaling 1,700m for 21 trenches, 2,900m of Diamond Drilling (DD) and
Reverse Circulation (RC) drilling for
35 drill holes, and 2,800m of close spaced RAB drilling
for approximately 300 drill holes (completed in 2017)
have been used to outline an exploration
target of 20,000 to 30,000 oz Au contained
within 1 to 2 Mt @ 0.3 to 2.0 g/t Au.
The potential tonnages and grades are con



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Ps.
opinion appreciated
TIA