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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
Processing Capacity 1.00 million 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
**Selinsing-Buffalo Reef/Felda Reserves and Resources as of March 31, 2018 (Snowden)

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The Selinsing Gold Mine is located in Pahang State, within the Central Gold Belt of Western Malaysia. It has a total tenement area of 150.3km2 consisting of the Selinsing, Buffalo Reef, Felda Land, Peranggih and Famehub properties. The mine has a 1.00 million tonne per annum gold processing CIL plant which is situated approximately 158km north of Kuala Lumpur.

Monument acquired the property in June 2007, and quickly placed it into commercial production in October 2010 after completion of a preliminary economic assessment, including financing and construction. The plant was expanded to 1.00 million tonnes per annum (tpa) from 0.4 million tpa in 2012. Up to September 30, 2022, Selinsing Gold Mine has produced 334,666 ounces of gold for $467.3 million in revenue at an average cash cost of $566 per ounce and has provided net cash from production of $285 million.

In 2019 an updated NI 43-101 Report “Selinsing Gold Sulphide Project” (“the 2019 Feasibility Study”) produced by Snowden Mining Industry Consultants Pty Ltd fully 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. Monument is currently underway for implementation of the Sulphide Gold Project to bring the new life of mine into production, with production of flotation gold concentrate is expected to commence in December 2022.

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)
December 2016
Updated NI 43-101 Reserves & Resources at Selinsing & Buffalo Reef
May 2017
Commenced FEED & FS for Selinsing Gold Sulphide Processing
October 2017
Closed Felda Block 7 Transaction
July 2018
Completed FEED study for Selinsing Gold Sulphide Processing Project
January 2019
NI 43-101 Feasibility Study for Selinsing Sulphide Project
October 2019
Selinsing pours 1,000th Gold Bar
February 2020
Discovers the Mentique Prospect
February 2021
Commenced Sulphide gold project stage 1 flotation plant

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