• Gold Price USD
  • TSX.V: MMY
  • FSE: D7Q1
Contact Email Alerts

Selinsing Gold Portfolio

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)


Click image to enlarge

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.

Selinsing Gold Mine Road Map to Success

2007
June 2007
Acquired Selinsing and Buffalo Reef properties ($41m)
2008
June 2008
Capital Raises to Fund Mine Construction ($28m)
2009
October 2009
First Gold Pour from Gravity Circuit
2010
September 2010
Commercial production from CIL Circuit
2012
June 2012
Plant Expansion to 1M tpa-Tailing Storage Upgraded ($10.3m)
2016
December 2016
Updated NI 43-101 Reserves & Resources at Selinsing & Buffalo Reef
2017
May 2017
Commenced FEED & FS for Selinsing Gold Sulphide Processing
2017
October 2017
Closed Felda Block 7 Transaction
2018
July 2018
Completed FEED study for Selinsing Gold Sulphide Processing Project
2019
January 2019
NI 43-101 Feasibility Study for Selinsing Sulphide Project
2019
October 2019
Selinsing pours 1,000th Gold Bar
2020
February 2020
Discovers the Mentique Prospect
2021
February 2021
Commenced Sulphide gold project stage 1 flotation plant
2022
March 2022
Ground-breaking ceremony for flotation plant construction
2023
March 2023
Flotation plant construction completed

© 2024 Monument Mining Limited
All rights reserved.
Website by Adnet