Monument Mining Ltd. (MMTMF)

[NYBob]

Monument Mining Ltd Reports Second Quarter Fiscal 2023 ("Q2 FY2023") Results
March 1, 2023



Gross Revenue of US$5.87 Million and Cash Cost of US$1,507/Oz

https://monumentmining.com/news-media/news/2023/monument-reports-second-quarter-fiscal-2023-q2-fy2023-results/

Q3 Comments -

First , cash and working capital at exit 3 -

$12.8 million US in cash and $3.7 million us in Gold bullion, for total cash and
cash equivalents of $16.5 million US which is about $22 million in CAD.

A recall estimating about $15 million US so we are in very good shape, balance sheet wise,
That is because the FP costs were spot on forecast estimates.

We had $19.5 million US in Working capital at exit Q3.....about $25 m CAD....which is
excellent

We also have 2000 ounces of concentrate which was produced in January and part of
February which will boost working capital going forward .

They have problems finding workers and drillers in Australia so, we are delayed there while
they advance their target selections..

and

In December, commissioning of sulphide flotation plant commenced, and 9,574 t of flotation
feed was milled, 126 dry metric tonnes of gold concentrate was produced with
177 oz gold recovered. There was no sale of gold concentrate during Q2 fiscal 2023.


Welcome - Monument Mining Ltd. Production Restart Will Make The Gold Project Be
Worth Easy 10 Times More IMO! -

Monument Mining Ltd Own The Murchison Gold Mines Project and it is very valuable to
be more developed soon for milling restart -



The construction and commissioning of the new SELINSING GOLD Floatation Plant has
diverted our attention -
including the phase 2 drilling program , but that should change soon.

Monument Miniing Ltd's Murchison Gold Project is a premium asset that will be
brought to resume gold production once cash flows from the Selinsing Gold Mine begins to
fill our coffers.

Murchison Photo Gallery



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


Just below the NOA #1 pit we struck bonanza gold of 4m of 32grams .

This was open to the east , the south and at depth , and ended in mineralization .

Very cheap to access by an existing decline ramp from the pit bottom . And literally a stone
throw from our Burnakurra mill

.

Further , recent and historical drilling has shown that this rich basement lode under pit # 1
extends all the way from NOA pits 1 through 8 .

Average grades below pit #8 is in excess of 6 gms per ton which is very rich compared to
2.9 grams for nearby Big Bell

appear to be joined at depth and open to the north and south . Do they also have grades like
NOA#1 at depth ?
We also discovered potentially new resources at the Junction and have yet to even scratch
the surface at the other 16 shallow targets .
There is also a stockpile of decent grade ore near our Burnakura mill and enough high
grade ore in the historic tailings dump a few kms away to get the mill going

Few other companies can only dream about these assets matched up with a fully
operational mill.

Our 80 % partner ODY has made some truly amazing intersections at Tuckanarra and this
current drill program should lead to a Feasability study.

We know that WestAim is drooling at these 4 tenements owned either 100% by us (2 ) and
20% of the other two with ODY.

We should get an update on our new drilling program when Q2 reports

https://monumentmining.com/projects/murchison-gold-portfolio/

Corporate Presentation March 2023/b]

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

https://monumentmining.com

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

God Bless