2011
November 2011
Sedar Filing of Snowden NI 43-101 Technical Report
Quick Facts
| Location | Pahang State, Malaysia, 130km southeast from Selinsing Gold Mine, 75km northwest from Kuantan |
| Mengapur Area Land | 9.35 km2 |
| Ownership | Divested in April 2021 |
| Deposit Type | Copper, Gold, Silver |
| NI43-101 | Contains Copper (Cu), Gold (Au), Silver (Ag) oxide |
Development
Monument carried out extensive exploration programs (53,000m of drilling) to confirm historical Resources and metallurgical testwork in studying downstream products. The resource confirmation was largely completed in 2014. The Company in 2014 entered into an Oxide Magnetite Purchase and Profit-Sharing Agreement for the acquisition of certain overburden top soils in Area C on the Mengapur Project and the production of magnetite from these soils. The Company purchased, at the same time, approximately 1.2 million tonnes of stockpiled oxide magnetite top soils. In October 2018, a Mineral Resource estimate was announced for the Mengapur property. This Resource statement has been included in “Mineral Resource Estimate for the Mengapur Cu-Au Deposit, NI43-101 Technical Report” (the “NI43-101 Technical Report”) filed on SEDAR in October 2018
Mengapur Divestment
Monument closed a transaction with Fortress Minerals to sell 100% interest in the Mengapur Copper and Iron Project. The sale is part of the Company’s corporate restructuring to focus on the development of the gold portfolios in both Malaysia and Western Australia. Fortress Minerals acquired Mengapur Copper and Iron Project for US$30,000,000 in cash. Monument received a 1.25% gross revenue royalty on all products produced at the Mengapur Project