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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 Nov 30, 2023 7:42am
174 Views
Post# 35760429

Burnakura Gold Production using XRAY Sorter

Burnakura Gold Production using XRAY SorterCurrent capacity is 260,000 tons of excavated ore per year.
the Sorter will reduce head volumes by 50%.

Lets take the high grade Tuckanarra oxides which is 3 grams per ton.

That will be contained within 50% less ore volume so the head grade entering the mill becomes 4.5 grams per ton.

So we have 4.5 gms/ton ** 260,000 tons. ** 97% recovery / 31 gms / ton = 30,000 ounces per year 

This is 50% higher than what Could be achieved without the excavated ore being sorted and concentrated .

The the milling capacity is doubled to 520,000 tpa , 60,000 ounces of gold can be produced by the Burnie mill....$150 million cad in revenues with an AISC well below $900 per ounce 

In effect, somewhat more profitable than Selinsing at the same ore volumes 

These XRAY sorters can be semi mobile and leased ...
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