Monument Mining Ltd. V.MMY

Producing 8500 ounces per Quarter in last Comm Month

[nozzpack]

It appears no one really reads the details contained in the recent NR which states..


The throughput of the sulphide gold treatment plant achieved 90 per cent of design capacity for the 30-day period up to Aug. 16, 2023, thereby achieving the requirement for commercial production.
Mill availability during this period was 94 per cent and flotation mass pull was acceptable at 3.4 per cent versus design of 3.5 per cent.

As a result concentrate  production was at 79 tonnes per day in line with the designed protocol, considered satisfactory given the variability of the transition ore processed.

Thats 2400 tons of concentrate per the last month of commissining or about 7200 tons per quarter which @1.2 ounces per ton is 8500 ounces per and 34000 ounces per year rate.

Note the last statement..

...given the variability of the transition ore processed.

That tells you a lot .

We are now producing out of stored Inventory

[Freddy1989Germa]

Yes, as I see it, it comes from the "transitional ore", which is a mixture of oxide/sulfide ore and is therefore more difficult to process. You probably used the "transitional ore" to start up the plant and now that you're finished you can use the pure sulfide ore. Thats 2400 tons of concentrate per the last month of commissining or about 7200 tons per quarter which @1.2