The Selinsing operation consists of:
• Selinsing Gold Mine;
• Buffalo Reef Project;
• Exploration leases and blocks.
In fiscal year 2023, Monument transitioned from oxide ore mining to sulphide ore mining.
On March 27, 2023, the Company announced commencing mining high grade sulphide ores at Selinsing Gold Mine for commercial gold concentrate production. New mining equipment has been mobilized to increase mining production rates to meet the commercial production rates through the sulphide treatment plant.
Mining started at Buffalo Reef area. There are three main open pits in the Buffalo Reef area (BRC2, BRC3 and BRC4). A small satellite pit (BR North) is situated to the north about 5km from the process plant. The three main pits are designed within three separate mining stages to reduce waste stripping early on. The first stages of BRC2 and BRC3 open pits are currently being progressed to supply ore for the processing plant.
Mining Strategy and Optimization
The mining plan has been further optimized by Snowden Mining Industry Consultants Pty Ltd in March 2023. Buffalo Reef sulphide ore contains a level of arsenic (As) and at some areas - antimony (Sb), which will be carefully controlled during the operations to produce higher return gold concentrates.
Subject to our stockpile strategy, the grade control ore blocks are categorized into high, medium and lowgrade ores above the gold cut-off grade of ........
