2007
June 2007
Acquired Selinsing and Buffalo Reef properties ($41m)
Quick Facts
| Location | Pahang State, Malaysia, 158km North of Kuala Lumpur |
| Selinsing Area Land | 150.3 km2 |
| Workforce | Approximately 200 (including contractors) |
| Ownership | 100% |
| Mine Type | Open pit |
| Deposit Type | Oxide & Sulphide Gold |
| Process Method | Gravity/CIL(Oxide) & Flotation(Sulphide) |
| Processing Capacity | 950,000 tpa* |
| Mineral Reserves** | 267 koz |
| Mineral Resources** | 880 koz |
| Estimated Mine Life | Estimated at 6 years with current resource-without further ore discovery |
*tpa-tonnes per annum (Gold Sulphide Flotation Plant)
**Selinsing-Buffalo Reef/Felda Reserves and Resources as of March 31, 2018 (Snowden)
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Overview
Located in the Central Gold Belt of Western Malaysia, the Selinsing Gold Mine covers a total area of 150.3km2 and includes the Selinsing, Buffalo Reef, Felda Land, Peranggih and Famehub properties. The mine is situated 158km north of Kuala Lumpur and has a gold processing plant and infrastructure buildings that are easily accessible from all the nearby properties.
The Selinsing and Buffalo Reef properties were acquired by Monument in June 2007. After completing a preliminary economic assessment, project financing and plant construction, the first CIL gold treatment plant started commercial production in October 2010. The plant capacity was increased from 0.4 to 1.00 million tpa in 2012. The oxide ore production by CIL plant ended in mid-November 2022, making way for the next phase of gold production: gold concentrate from the new sulphide gold flotation plant.
Sulphide gold production planning at Selinsing began with a NI 43-101 Report “Selinsing Gold Sulphide Project” (“the 2019 Feasibility Study”) produced by Snowden Mining Industry Consultants Pty Ltd, which replaced the existing gold inventory with gold resources of 880koz and reserves of 267koz at 1.45 g/t to extend the mine life by a further six years with upside potential. A gold sulphide flotation plant with a capacity of 950,000 tonnes per annum was built from March 2022 to March 2023 to process the sulphide ore. The first gold concentrate was filtered in December 2022, First gold concentrate shipments began in June 2023, commercial production began in September 2023.