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Monument Mining Ltd. V.MMY

Alternate Symbol(s):  MMTMF

Monument Mining Limited is a Canada-based gold producer. The Company is engaged in the operation of gold mines, acquisition, exploration, and development of precious metals with a focus on gold. It owns a 100% interest in the Selinsing Gold Mine and the Murchison Gold Project. The Selinsing Gold Mine is located in Pahang State, within the Central Gold Belt of Western Malaysia, and comprises the Selinsing, Buffalo Reef, Felda Land, Peranggih and Famehub projects. Buffalo Reef lies continuously and contiguously along the gold trend upon which the Selinsing Gold Property is located. Both Felda and Famehub are located east and north of the Selinsing and Buffalo Reef properties. It has a 100% interest in the Murchison Gold Portfolio, which consists of the Burnakura, Gabanintha, and a 20% interest in Tuckanarra gold properties, located in the Murchison Mineral Field. Burnakura and Gabanintha are located southeast of Meekatharra, Western Australia and northeast of Perth, Western Australia.


TSXV:MMY - Post by User

Post by nozzpackon Aug 04, 2023 6:14am
159 Views
Post# 35572650

At Some Point…..

At Some Point…..It's simply not efficient or rarely done to have a project with obvious geographical extensions run by two companies .

We have Stakewell on one side and Burnakura and Gabanintha on the other side.
In between , we have Turnakura split between ODY and MMY.

Its quite obvious that these contiguous gold and highly complementary projects will have to be unified not only for development purposes but in the interests of administrative efficiency.

Soon perhaps , we shall see the ODY/MMY  SPV ( Special Purpose Vehicle ) being activated .

This SPV will unify the development of Turnakura including  rights of first refusal to the Burnakura mill.

I don't know the details of this SPV but imo it's the initial step in unifying these four concessions under a single Murchison banner.

Therein lies a great opportunity for Dato 's operational return to Australia

Have a great weekend


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