• Gold Price USD $1,830.54
  • TSX.V: MMY
  • FSE: D7Q1
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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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Overview

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 December 31, 2020, Selinsing Gold Mine has produced 321,694 ounces of gold for $441.6 million in revenue at an average cash cost of $520 per ounce and has provided net cash from operations of $286 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 by a two-stage approach, and to deliver flotation production of gold concentrates by the second quarter of 2022.

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

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