• Gold Price USD $1,738.40
  • TSX.V: MMY
  • FSE: D7Q1
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Selinsing Gold Portfolio

Quick Facts

Location Pahang State, Malaysia, 158.6km North of Kuala Lumpur
Selinsing Area Land 150.3 km2
Workforce 174 (including contractors)
Ownership 100%
Mine Type Open pit (Future Potential Underground-Sulphide)
Deposit Type Oxide & Sulphide Gold
Process Method Gravity/CIL
Processing Capacity 1.00 million tpa*
Reserves** 267 koz
Resources** 880 koz
Estimated Mine Life Estimated at 6 years with current resource-without further ore discovery

*tpa-tonnes per annum
**Selinsing-Buffalo Reef/Felda Reserves and Resources as of March 31, 2018 (Snowden)

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The Selinsing Gold Portfolio (Selinsing Gold Mine) includes the Selinsing Gold property (“Selinsing”), Buffalo Reef property (“Buffalo Reef”), Felda Land (“Felda”) and Famehub properties (“Famehub”).

The Selinsing property and gold processing plant is located north of Raub and west of Kuala Lipis on the Raub Bentong Suture lineament about 2 hours’ drive North from Kuala Lumpur in Pahang State, Malaysia. Buffalo Reef lies adjacent to the North of Selinsing along the gold trend and three prospects (Buffalo Reef North, Central, and South) have been identified within a north-south structural shear zone. Both Felda and Famehub are located east and north of Selinsing and Buffalo Reef. The Selinsing total area tenements consist of 150.3 km2.

Selinsing and Buffalo Reef are primary gold properties acquired in June 2007 and are at development and production stage. Both Selinsing and Buffalo Reef deposits are still open down dip and along strike for sulphide mineralization. Monument designed, funded, and built the gold processing plant at Selinsing which commenced commercial production in September 2010 and is easily accessible by all its owned properties. Famehub was acquired in September 2010 and contains a large package of prospective exploration properties. Monument finalized an agreement for an exploration licence at the Felda Land in April 2013, and closed a transaction in October 2017 to start mining oxide ore at Felda Block 7.

Selinsing Gold Mine Road Map to Success

June 2007
Acquired Selinsing and Buffalo Reef properties ($41m)
June 2008
Capital Raises to Fund Mine Construction ($28m)
October 2009
First Gold Pour from Gravity Circuit
September 2010
Commercial production from CIL Circuit
June 2012
Plant Expansion to 1M tpa-Tailing Storage Upgraded ($10.3m)
November 2016
Announced updated Resources and Reserves at Selinsing/Buffalo Reef/Felda
December 2016
NI 43-101 Technical Report Selinsing Gold Mine and Buffalo Reef Project: included PFS study with capital cost updateds by Lycopodium Minerals for Biological Leaching
May 2017
Commenced FEED and internal FS for Selinsing Gold Sulphide Processing project using BIOX Process for the Selinsing Gold Mine
October 2017
Closed Felda Block 7 Transaction to start mining oxide ore
July 2018
Completed FEED study for Selinsing Gold Sulphide Processing Project
January 2019
SEDAR filed Feasibility Study - NI 43-101 Selinsing Gold Sulphide Project

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