Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) (“Monument” or the “Company”) is pleased to report that flotation construction work progress at the Selinsing Gold Mine in Malaysia has reached 85% completion in line with the budget. The commissioning targets to complete in November 2022, thereafter three months ramp up period for commercial production in January 2023.
President and CEO Cathy Zhai commented, “We are pleased to see the team has overcome the difficult period with the Shanghai COVID-19 pandemic lockdown and the global logistics blockage. The installation is progressing rapidly with close monitoring. In the meantime, we have been in communications with potential buyers to review major terms and continue to optimize saleable gold concentrates for a better economic outcome.”
Construction Highlights
Overall project is 85% complete to date in line with the budget Equipment continues to arrive at the Selinsing site; the concentrate filter press departed port on September 24, later than expected, and plans to arrive in early November 2022 Pre-commissioning (dry & wet) will commence in October; full commissioning targets late November/or early December 2022. First concentrate production planned to commence late November 2022, ramping up to full production anticipated in January 2023. Flotation Design & Engineering
To date all work related to flotation detail design and engineering have been completed, pending the submission of application for TNB power supply upgrade from 3.8 MW to 4.0 MW.
Procurement
Overall procurement is 89% completed, pending primarily the delivery of the filter press to the site in November 2022.
Most equipment has been delivered to the Selinsing site, including but not limited to the flotation cells from Beijing assembled and delivered by BGRIMM Machinery and Technology Co Ltd (Figure 1); the concentrate and the water recovery thickeners supplied by Metso Outotec; flotation blowers, compressor and compressed air dryer delivered by Atlas Copco.
First-fill flotation reagent have been purchased awaiting delivery. Transportation costs have increased due to COVID-19 pandemic related global supply chain issues, to be offset by mine development costs. Partial reagent consumables have been delivered and are stored inside the reagent warehouse building.
Figure 1: View of Flotation Plant Circuit Construction
Construction
Construction work consists of foundation and civil work, steel structure work, plant equipment fabrication and installation work, piping work, electrical cabling work, installation of plant automation system, installation of electrical system and plant infrastructure including reagent warehouse, concentrate store yard and drainage system at the plant area.
Flotation plant construction has achieved 85% completion to date. Earthworks, foundations, piping works connecting reagent tanks and air supply system to flotation cells circuit have been completed. Civil works and structural work installation are 100% completed. Mechanical installation is 96% complete with all reagent tanks, flotation cells and thickeners installed. Pipe racks have been erected from the reagent building to the flotation circuit, from the concentrate thickener to concentrate filter building and from the flotation circuit to the water recovery thickener. Electrical installation is 81% complete, and the control room is 100% complete. Pipelines have been laid and connected to pumps. Electrical installation work of cable trays and cable pulling is now 60% completed.
The flotation plant is equipped with a plant automation system, which consists of SCADA system and process instrumentation monitoring devices. All the pumps, flotation cell circuit, concentrate filter, concentrate thickeners, blowers and air compressor are controlled using a program logic control system (PLC Siemens & Allen Bradley). A provision backup generator of 750kVA as an emergency power supply in case of any power failures will keep essential services running. Enertech Sdn Bhd (Siemens distributor in Malaysia) supplied the hardware and software for the control system. The hardware for the control system panel (PLC) was delivered to site and installed in the prefabricated power substation (E-House), together with the motor control centre panel (MCC).
Other infrastructure includes: the reagent warehouse, the air services building, the concentrate filter building, and other facilities. The reagent storage warehouse and the air service building are constructed. Dosing pump has been installed inside the reagent building with foundation and steel structure work completed. Plate work of bag breakers, reagent mixing tanks with agitator equipment are installed. The compressor and the flotation blowers have been installed in the air service building. Foundation and structure work for the concentrate filter building (Figure 2) is completed, and most of the roof and cladding have been done, awaiting installation of the filter press.
Figure 2: Concentrate Filter Building
Mine Development
Pre-stripping and sulphide ore stockpile mining were started at Buffalo Reef in July 2022 in preparation for: the completion of the flotation plant, the start of commissioning and the ramp up of production. The tailings storage facility (“TSF”) construction has been completed for current year tailing storage requirements. The river diversion at Buffalo Reef has been completed.
Commissioning
Commissioning work is expected to start in October and completed in November 2022. Commissioning scope of work will be divided into dry, wet and ore commissioning. Upon completion of the commissioning work production will be ramped up.
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: +1-604-638-1661 x102 rcushing@monumentmining.com
“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.”
Forward-Looking Statement
This news release includes statements containing forward-looking information about Monument, its business and future plans (“forward-looking statements”). Forward-looking statements are statements that involve expectations, plans, objectives or future events that are not historical facts and include the Company’s plans with respect to its mineral projects and the timing and results of proposed programs and events referred to in this news release. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. The forward-looking statements in this news release are subject to various risks, uncertainties and other factors that could cause actual results or achievements to differ materially from those expressed or implied by the forward-looking statements. These risks and certain other factors include, without limitation: risks related to general business, economic, competitive, geopolitical and social uncertainties; uncertainties regarding the results of current exploration activities; uncertainties in the progress and timing of development activities; foreign operations risks; other risks inherent in the mining industry and other risks described in the management discussion and analysis of the Company and the technical reports on the Company’s projects, all of which are available under the profile of the Company on SEDAR at www.sedar.com. Material factors and assumptions used to develop forward-looking statements in this news release include: expectations regarding the estimated cash cost per ounce of gold production and the estimated cash flows which may be generated from the operations, general economic factors and other factors that may be beyond the control of Monument; assumptions and expectations regarding the results of exploration on the Company’s projects; assumptions regarding the future price of gold of other minerals; the timing and amount of estimated future production; the expected timing and results of development and exploration activities; costs of future activities; capital and operating expenditures; success of exploration activities; mining or processing issues; exchange rates; and all of the factors and assumptions described in the management discussion and analysis of the Company and the technical reports on the Company’s projects, all of which are available under the profile of the Company on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements, except in accordance with applicable securities laws.
Up To $600 Trillion May Vanish In The Great Unwind October 13, 2022
Tulsi Gabbard speaks out after leaving 'woke' Democratic Party: My 'loyalty' is to the country, not the caucus Tulsi Gabbard told Tucker Carlson she couldn't be a member of a party that's against freedom By Charles Creitz | Fox News
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Everything has been stolen from us who follow the Law out country has been destroyed the Voter Fraud is massive
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Aris Mining is a Canadian mining company listed on the TSX under the symbol “ARIS”. Aris Mining (formerly known as Aris Gold) is led by an executive team with a demonstrated track record of creating value through building globally relevant gold mining companies. Aris Mining operates the Segovia and Marmato mines in Colombia, which together produced over 230,000 ounces of gold in 2021. The company is also the operator and 20% owner of the world class Soto Norte project in Colombia, with an option to increase to 50%. Aris Mining also owns the advanced stage Toroparu project in Guyana and the Juby project in Ontario, Canada. https://www.aris-mining.com/overview/default.aspx Aris Mining promotes the formalization of small-scale mining as this process enables all miners to operate in a legal, safe and responsible manner that protects them and the environment. https://www.aris-mining.com/about-us/about-aris-mining/default.aspx
Bullish Chart for Aris Aris closed over the 100 day moving average and broke a resistance line that has capped the price for 3 months.
The data on Yahoo Finance before GCM was delisted, the shares short was 843,000 shares as of Sept 15. Today, nearly all of those shares sold short are underwater. We may see a short covering rally . The low trading volume of under 150k a day indicates they haven't covered significant amounts of short sales
WND; Naomi Wolf: Elites covering up deadly vax 'complicit in a massive crime' 'Nice' people turn out to be 'monsters and barbarians' Art Moore By Art Moore Published October 1, 2022
MAGA; WND; Naomi Wolf: Elites covering up deadly vax 'complicit in a massive crime' 'Nice' people turn out to be 'monsters and barbarians' Art Moore By Art Moore Published October 1, 2022
RE: The Trump Card is very, very close to being played!
Under Section 3 of the 14th Amendment of the United States Constitution,
"No person shall be a Senator or Representative in Congress, or elector of President and Vice President, or hold any office, civil or military, under the United States, or under any State, who, having previously taken an oath, as a member of Congress, or as an officer of the United States, or as a member of any State legislature, or as an executive or judicial officer of any State, to support the Constitution of the United States, shall have engaged in insurrection or rebellion against the same, or given aid or comfort to the enemies thereof."
Election Fraud would be a serious felony under normal circumstances, but under an active state of war it would be considered an act of treason. Think back Re: Kavanaugh conf. hearings. What are the requirements for a civilian to be tried for treason? We have been in a state of war since 2001.
Pelosi and all other members of Congress are NO LONGER members of Congress, they've forfeited their rights and offices by committing an act of TREASON.
They are no longer lawful members of Congress, (and this doesn't even include the Supreme Court justices who are complicit in carrying out this treason against our Nation!!), thanks to Section 3 of 14th Amendment. They are now considered enemies of the Republic who have aided a foreign power in stealing an election. When you have committed an act of treason, you forfeit your rights as an American. You have no rights. Military law vs civilian law?
Any evidence is admissible in a military tribunal court, so Pelosi's stolen laptop, along with the other 11 stolen laptops, can be used in her military tribunal along with everything else Pelosi has done, to lock her and the others away for good.
History will show that Donald Trump tried every legal avenue to solve this crisis against our Constitution. It will show that all others failed to address this Act of Treason. He tried to resolve this peacefully. His only recourse left was to use the military, but it will be a LAWFUL use of the military as these people have broken their oaths and committed TREASON and INSURRECTION.
President Donald J. Trump is LEGALLY REQUIRED to act on this because of his own oath to the Constitution, to protect our Republic from enemies Foreign AND DOMESTIC.
The crimes on their indictments will read; TREASON, SEDITION, and CRIMES AGAINST HUMANITY. When the whole world finds out they launched a virus to steal an election, the Great Awakening will begin. They've sealed their fates!
And again, remember the brilliant preemptive/ offensive maneuver our President made when he signed the Executive Order and National Emergency Act on September 12, 2018...Any foreign or domestic interference in our National Elections carry severe consequences!
Of course high treason being chief among them as well as asset seizure/forfeiture, including those who deliberately aid in the execution and dissemination of misleading propaganda enforcing such treasonous activities!
Trump Card! by veloyt
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Florida Gov. Ron DeSantis’s (R) team on social media assured the Sunshine State that its officials are ready and willing to help all Floridians who will be impacted by Hurricane Ian, regardless of vaccination status, after President Biden deemed getting vaccinated a “vital part” of hurricane prep.
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Trump Already Won & We Are Living Through The Change! He Set Us Up For Success! Truth Is Freeing Us! - On The Fringe Saturday, September 24, 2022 19:18
NATIONS ANNIHILATED! Is The Great Reset Worth World War III? Yep exactly all Planned Everyone in the USA should see this! It is short but goes to the direct facts. Basic math explains why mass immigration destroys wages and smashes family formation
The plan is to bring in 100 million to pour into the US and remake Mexico, US and Canada a regional government. The WEF plan to REMAKE Mexico, US, and Canada's borders EXPOSED! | Redacted with Clayton Morris 11:07
Friday, September 23, 2022: Join the RSBN broadcast team LIVE from Wilmington, NC for all day coverage of President Donald J. Trump's SAVE AMERICA rally. Tune in at 12:00 PM ET!
President Donald J. Trump, 45th President of the United States of America, will hold a rally in Wilmington, North Carolina on Friday, September 23, 2022, at 7:00PM EDT.
URGENT WARNING. I AM GETTING CANCELED FOR THIS. NUKE ALERT. 13,813 views Sep 23, 2022 #BREAKING #ECONOMY #NEWS
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Banks worried about “monster” $700 trillion derivatives market as credit tightens.
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