2007
June 2007
Acquired Selinsing and Buffalo Reef properties ($41m)
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)
Click image to enlarge
Overview
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.