BUILDING on our Foundation

Transcription

1 BUILDING on our Foundation Gold focus, Value creation, emerging to mid-tier Gold Producer M o n u m e n t M i n i n g L i m i t e d - M a y

2 Forward Looking Statements This presentation includes statements containing forward-looking information about Monument, its business and future plans ( forward-looking statements ). Forward-looking statements are statements that involve expectations, plans, objectives or future events that are not historical facts and include the Company s plans with respect to its mineral projects and the timing and results of proposed programs and events referred to in this presentation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". The forward-looking statements in this presentation are subject to various risks, uncertainties and other factors that could cause actual results or achievements to differ materially from those expressed or implied by the forward-looking statements. These risks and certain other factors include, without limitation: risks related to general business, economic, competitive, geopolitical and social uncertainties; uncertainties regarding the results of current exploration activities; uncertainties in the progress and timing of development activities; foreign operations risks; other risks inherent in the mining industry and other risks described in the management discussion and analysis of the Company and the technical reports on the Company s projects, all of which are available under the profile of the Company on SEDAR at Material factors and assumptions used to develop forward-looking statements in this presentation include: expectations regarding the estimated cash cost per ounce of gold production and the estimated cash flows which may be generated from the operations, general economic factors and other factors that may be beyond the control of Monument; assumptions and expectations regarding the results of exploration on the Company s projects; assumptions regarding the future price of gold of other minerals; the timing and amount of estimated future production; the expected timing and results of development and exploration activities; costs of future activities; capital and operating expenditures; success of exploration activities; mining or processing issues; exchange rates; and all of the factors and assumptions described in the management discussion and analysis of the Company and the technical reports on the Company s projects, all of which are available under the profile of the Company on SEDAR at Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements, except in accordance with applicable securities laws.

3 Project Locations 3

4 Growing Project Portfolio Gold Malaysia Western Australia Other Metals Malaysia Monument Portfolio Exploration Development Famehub/BR Gap Murchison Tuckanarra Gabanintha Mengapur Production Selinsing Gold/Buffalo Reef/Felda Land Burnakura 4

5 Gold Portfolio Growth & De-risk Strategies Staged development, start small, grow big - Quick cash generation with early stage production - Proactive operation plan for future expansion - Effective exploration strategy for gold inventory replacement and gold deposit discovery Acquisitions with selective criteria - Historical gold production - High quality gold assets over 1 Moz potential - Near term production - Low cost

6 Investment Summary Gold producer, developer,explorer and acquirer $254 million mineral property portfolio in Malaysia and Western Australia Selinsing Gold Mine in Malaysia - 7 years in production for 252,586 ounces with $350.7 million revenue and 5 year tax holiday - New resources of 764,000oz including reserve of 279,000oz Au at 1.4 g/t, $23 million NPV* - Exploration potential over 1 Moz Murchison Gold Project in Australia Koz Au historical JORC resources; Koz Au NI resources with 98.4Koz at 1.6g/t indicated, 4.4 Koz Au at 1.5g/t inferred - Early stage production at Burnakura targeting construction commencement in fall Exploration potential over 1 Moz Mengapur Polymetallic Project in Malaysia - long term potential with economic scale, application for 10 years tax holiday * NI technical report produced by Snowden Mining Industry Consultants Pty Ltd Sedar filed in December

7 Near-Term Objectives Take Selinsing Gold Mine to the next stage with sulphide production in the near-term Bring Burnakura into gold production in fall 2017 at Murchison More acquisitions to increase assets, diversify, and de-risk the Company 7

8 Success Factors Proven leadership Growing gold portfolio Multiple region operations Successful gold producer Low cost production Upside exploration potential Sound technical team Continuing stakeholders support 8

9 Leadership Team of Mine Builders Robert Baldock President & CEO Cathy Zhai CFO & Corporate Secretary Zaidi Harun VP, Business Development Kevin Wright GM, Operations Malaysia Charlie Northfield GM, Selinsing Operations Neil Rauert Senior Project Manager Roger Stangler Chief Managing Geologist 9

10 Capital Structure Listed on TSX Venture Listed on Frankfurt Market capitalization Issued Shares Stock Options Fully Diluted Cash Balance *(31/12/16) Debt Symbol: MMY Symbol: D7Q1 CDN$29 million million 0.2 million million US$15.4 million None 52 week trading range $0.07-$0.19 Recent Price (05/05/17) $0.09 * including restricted cash * including restricted cash 10

11 Selinsing Gold Mine Leading Gold Producer in Malaysia 11

12 Selinsing - Fast Tracked to Producer June 2008-Capital Raise to Fund Mine Construction ($28m) September Commercial Production from CIL Circuit February 2015-Acquired interim Intec License for Intec sulphide gold recovery technology November Announced updated Resources and Reserves at Selinsing/Buffalo Reef June 2007-Acquired Selinsing & Buffalo Reef Properties ($41 m) October First Gold Pour from Gravity Circuit June 2012-Gold Plant Expansion to 1 Million Tonnes per year-tailing storage upgraded for 10 years of production ($10.3m) September 2015-Completed Construction on the Intec Pilot Plant Fiscal year Project to Date Selinsing and Buffalo Reef (in US$ 000s) Buildings, plant and equipment 793 8,898 8,257 2,093 7,395 1, ,499 31,740 Mine development - - 1,270-3, ,861 2, ,901 Exploration 2,479 1, ,229 3,705 6,111 3,835 4,250 3,008 28,322 12

13 Selinsing Gold Production Selinsing Gold Mine Operating results October 2009 to December Ore mined (tonnes) 4,206,363 Ore processed (tonnes) 5,330,101 Average ore head grade (g/t Au) 1.84 Process recovery rate 81.6% Gold production (ounces) 252,586 Gold sold (ounces) 252,584 Financial results Gold sales (US$ 000) $350,723 Per ounce data Cash cost per ounce (US$/ounce) $441 Average spot gold price, US$/ounce $1,341 Average realized gold price, US$/ounce $1,389 13

14 Selinsing/Buffalo Reef Resources & Reserves Table 1: Selinsing-Buffalo Reef/Felda Resources as of June 30, 2016 (Snowden) Category OXIDE (above 0.3 g/t Au cutoff) Au ktonnes g/t (koz) TRANSITION (above 0.7 g/t Au cut-off) Au ktonnes g/t (koz) SULPHIDE (above 0.7 g/t Au cut-off) Au ktonnes g/t (koz) Mineral Resources, reported inclusive of Reserves (based on a US$1,776/oz gold price) OXIDE + TRANSITION + SULPHIDE ktonnes g/t Au (koz) Measured* 2, , Indicated , , M+I 2, , , Inferred , , *Measured Resource is entirely stockpile material; Indicated and Inferred Resource comprises in situ material occurring in Selinsing and Buffalo Reef/Felda deposits Table 2: Selinsing-Buffalo Reef/Felda Reserves as of June 30, 2016 (Snowden) Category OXIDE (above approx. 0.3 g/t Au cut-off) Au ktonnes g/t (koz) TRANSITION (above approx. 0.7 g/t Au cut-off) Au ktonnes g/t (koz) SULPHIDE (above approx. 0.7 g/t Au cut-off) Au ktonnes g/t (koz) Mineral Reserves (based on a US$1,255/oz gold price) OXIDE + TRANSITION + SULPHIDE ktonnes g/t Au (koz) Proven* 2, , Probable , , P+P 2, , , *Proven Reserve is entirely stockpile material; Probable Reserve comprises In situ material occurring in Selinsing and Buffalo Reef/Felda deposits The above statements are prepared by Snowden Mining consultants Pty Ltd, Sedar filed December,

15 Test Work on Sulphide Ore Treatment Figure 13.8 Integrated Selinsing bioleach flow diagram * * Snowden NI Technical Report Selinsing Gold Mine and Buffalo Reef Project Malaysia, December filed at 15

16 Selinsing Exploration Exploration is focused on increasing gold inventory to sustain and extend mine life Geological/economic studies and Resource Model completed for prefeasibility study that supports a new optimized mine plan for sulphide gold production Sulphide drill program planned for Buffalo Reef Central Deposit to check deeper down dip extensions of high grade mineralization aiming to increase total sulfide Resource while promoting Inferred oxide and transition Resource into Indicated classification from shallower intercepts 16

17 Murchison Gold Project 17

18 Murchison - Road Map to Production February Acquisition of Murchison Gold Project ($15m) November Acquisition of Tuckanarra Gold Property ($4m) January 2015-Drill Results from Federal City Deposit September Completed crushing trial test work and heap leach engineering design Early Stage Production Decision- Targeting Gold Production August 2014-First Round of Drill Results-ANA November Second Round of Drill Results-ANA April 2015-Filed NI Resource Estimate on ANA February 2016-Advances Mine Work Development & Drilling at NOA/Tuckanarra Fiscal year Project to Date Murchison (in US$ 000s) Buildings, plant and equipment ,334 1,451 Mine development Exploration 1,270 5,349 3,492 10,111 18

19 Alliance/New Alliance Mineral Resource Estimate Mineral Resource for Alliance and New Alliance at a 0.5g/t Au cut-off* Indicated Inferred Deposit Density Tonnes Au Containe d Au Density Tonnes Au Contained Au (g/cm 3 ) (Mt) (g/t) (Koz) (g/cm 3 ) (Mt) (g/t) (Koz) Alliance New Alliance TOTAL Company has since undertaken exploration programs over the NOA 7_8 and other areas, an internal economic study has been completed for the early stage production. A deep drilling program is designed to deliver a PEA for Burnakura and Tuckanarra. *Mineral Resources determined by Adrian Shepherd, B.App.Sc.,MAusIMM CP (Geo), Cube Consulting Pty. Ltd. who is the independent Qualified Person for the NI Technical Report on the Alliance and New Alliance Gold Deposits, dated on April 2, 2015, and amended on August 7, 2015.Read the complete Technical Report, which is available on Monument s SEDAR profile at The information in this presentation is qualified in its entirety by the limitations described in the Technical Report. 19

20 Murchison Fast Tracking Development Acquired Tenements, CIL plant, mine camp, and infrastructure in 2014 Burnakura and Gabanintha-historic JORC resource³: 6.41 g/t for 546,000oz gold¹ and Tuckanarraapproximately 100,000oz gold² historical JORC resource³ Developing early stage production at Burnakura Offsite engineering designing, refurbishment and procurement work was executed to upgrade the crushing plant which has reduced construction time from six to three months 1. BM Geological Services : Murchison Gold Project: Burnakura and Gabanintha resource inventory (December 2013) 2. Ravensgate: "Independent Resource Model Report (November 2012) indicated Tuckanurra Gold Project contains a historical indicated resource of g/t Au for 55.2 koz and a historical inferred resource of g/t Au for 44.6 koz within eleven separate prospects 3. A qualified person has not done sufficient work on these historical estimates to classify them as current mineral resource or mineral reserves. Monument is not treating them as current mineral resources or mineral reserves. See [NRs announcing each historical estimate] for further information regarding the limitations of these historical estimates. 20

21 Murchison Exploration Initial Exploration programs at Burnakura resulted in the February 2015 Mineral Resource update of the Alliance and New Alliance ( ANA ) estimates (Table slide 19) The project has historical underground resources and is prospective for further discoveries Monument has identified high grade gold mineralization structures at NOA 7_8 A deep drilling program planned at NOA 7_8 deposit to further confirm historical resources and explore underground mining opportunities Murchison exploration is aimed to deliver a Preliminary Economic Assessment ( PEA ) Study to explore a longer term of economic scale for Burnakura Gold Mine production 21

22 Mengapur Polymetallic Project 22

23 Mengapur Historic Resource Total Mengapur Historic Measured and Indicated Resources within Zones A, B, and C* Mengapur Tonnes EQV Cu S Cu Au Ag (Mt) (%) (%) (%) (g/t) (g/t) Oxide Sulphide Measured Indicated Sub-total Measured Indicated Sub-total TOTAL Note: The data presented in the table have been produced at a cut-off grade of 0.336% EQV Cu reflecting the available information in 1990 commodity prices, operating costs, and plant recoveries *This presentation includes historical estimates and related information, which has not been verified by Monument. Read the complete Technical Report, which is available on Monument s SEDAR profile at filed Feb. 29, The information in this presentation is qualified in its entirety by the limitations described in the Technical Report. *A qualified person has not done sufficient work on these historical estimates to classify them as current mineral resource or mineral reserves. Monument is not treating them as current mineral resources or mineral reserves. See [NRs announcing each historical estimate] for further information regarding the limitations of these historical estimates. 23

24 Mengapur A long term potential 2012-Acquisition of Mengapur Project ($90m) 2012~2014 -Confirmation drilling and test work 2015 to date The PEA pending for Intec test work with C&M November Acquisition of Area C top soil iron ore right and stockpile ($7m) 2015-Pilot plant test work and continuation of PEA study September 2016 approval of additional tailing area Fiscal year Project to Date Mengapur (in US$ 000s) Buildings, plant and equipment 510 2,165 1, ,619 Mine development Exploration 3,903 9,510 4,555 1, ,354 24

25 Community & Government Support We contribution to the economic stimulus of the local community and the state government of Pahang state in Malaysia Our Corporate Social Responsibility programs aim to develop the community in a sustainable way and support the cultural and socioeconomic development of the local community The surrounding community and Pahang State government have supported our development and sustainable growth since the beginning 25

26 Investor Relations Contacts Richard Cushing Wolfgang Seybold Monument Mining Ltd. AXINO GmbH T: x102 T: