Monument Progresses Flotation Plant Construction at the Selinsing Gold Mine in Malaysia
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October 14, 2021 News Release Release #23-2021
Monument Progresses Flotation Plant Construction
at the Selinsing Gold Mine in Malaysia
Vancouver, B.C., October 14, 2021, Monument Mining Limited (TSX -V: MMY and FSE: D7Q1)
("Monument" or the "Company") is pleased to announce the progress on flotation plant construction at
the Selinsing Gold Mine in Malaysia to produce saleable sulphide gold concentrates. The flotation plant
construction includ es: project management, project validation, flotation design and engineering,
procurement, construction and commissioning.
Charlie Northfield, General Manager and the Project Sponsor at the Selinsing Gold Mine, commented: “I
am thrilled to report that we are on schedule for construction co mpletion in June 2022. To mitigate the
risk of delays that might be caused by the Covid 19 pandemic from time to time, we are making our best
efforts to advance deliverables ahead of the schedule. Our ability to mov e quickly is a testament to the
capacity and experience of the on -site team. We will provide further updates on the flotat ion plant
construction process in the weeks to come.”
Project Management
The project management team is led by the oversight board chaired by Cathy Zhai, President and CEO,
comprising Project Sponsor, Project Manager, Project Controller and the Plant Manager as the end user.
The procurement and engineering team on site are Selinsing employees. The majority of key project
personnel participated in the existing Selinsing gold plant construction work back in 2008 to 2010. Six
new employees will be recruited at different times in the construction and four personnel seconded from
the existing Selinsing workforce.
Detailed Engineering Design
Following completion of independent flotation testwork and amendment of conceptual design of the
flotation plant by Orway Mineral Consultants (“OMC”) (refer to July 6th 2021 news release), the contract
for detailed engineering design was awarded to Mincore Pty Ltd . (“Mincore”) , an Australia based
engineering company.
The scope of work undertaken by Mincore included : the development of the 3D model of the flotation
processing plant, preparation of equipment specifications and data sheets , and development of the
control system for the new process equipment. Plant design aims to maximize gravity flow and to provide
plant access for maintenance while allowing the current gravity / CIL plant operation to continue without
interruption. The plant layout design allows for the future addition of the proposed BIOX® circuit and
ancillary works.
Up to September 30 th 2021 Mincore has achieved 80% completion of the design work . HAZOP design
reviews have been carried out for the new process facilities to identify and mitigate any operational safety
issues. Civil and structural drawings are scheduled for completion on October 31st 2021; mechanical and
piping drawings will be issued for construction by November 30th 2021.
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Lim Teck Chong, Flotation Plant Project Manager, commented: “The successful flotation testwork gave us
the green light to proceed with all aspects of the development of the project. The detailed engineering
design is approaching completion and the pilot plant is expected to be completed this month.
Procurement, earthworks, and recruitment have all progressed as we ramp up and prepare for civil
foundation work to begin.”
Figure 1: 3D Model of proposed Sulphide Flotation Circuit Addition to Selinsing Gold Plant
Procurement
Procurement of long lead equipment items has been completed and contracts have been awarded for the
supply of flotation cells, concentrate and water recovery thickeners, and the concentrate filter press.
Technical and financial appraisals have been completed and contracts are being prepared for the air
blowers, compressor, slurry pumps and 11kV/415V transformer. Procurement is continuing for the motor
control centre, agitators, reagent pumps and plate work for conditioning and reagent tanks.
The flotation pilot plant has been delivered to site and is currently being set up at the research and
development laboratory. The pilot pl ant features a ball mill and classifier, rougher/scavenger flotation
cells and three stages of cleaner flotation to replicate the flowsheet of the full scale flotation plant. The
pilot plant will be used for operator training, reagent trials , and for the p reparation of concentrate
samples for potential customers. The pilot plant is expected to be fully operational before the end of
October 2021.
Risk control over the long lead items is focused on periodical inspection and shipping scheduling , which
faces global challenges during the pandemic period.
Construction
Flotation construction includes : earthworks, civil engineering, structural engineering, mechanical and
electrical installation and other associated plant upgrades.
Contractor Engagement: Suitably experienced Malaysian contractors have been shortlisted for the
construction work according to discipline comprising: civil and structural , mechanical and piping, and
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electrical and instrumentation. Most of these contractors have worked on previous construction phases
of the Selinsing operation. The contract has been awarded to reroute the power cables to the primary and
secondary ball mills outside of the new flotation plant footprint to avoid any interference during
construction work.
Civil Foundation Work: 75% of the earthworks have been completed for the plant foundations , and final
excavations will be conducted once civil drawings have been issued for construction. Civil foundation work
is expec ted to commence in early November , starting with the construction of the retaining wall
extension, and followed by civil works in the flotation area, concentrate and water recovery thickeners
and the filter press building. At the same time the foundations will be constructed for the new warehouse,
reagents mixing and air services buildings.
Transition to Flotation
The productio n of flotation concentrate is expected to commence in July 2022 as soon as all of the
flotation cells, concentrate thickener and filter press have been commissioned. In the current production
schedule the CIL plant will continue operation until commissioning of the flotation plant commences. We
will keep the production going as long as possible to generate cash flow primarily from Selinsing, Buffalo
Reef pits and the Peranggih Prospect, provided that readers shall understand that there might be an
interruption to production due to the Covid pandemic, and there might be volatility of production in
transition to the new life of mine from the existing remaining life of mine.
During the period from late August to the beginning of October, while the CIL plant has continued
operation throughout the time , the elution heat exchanger however has been offline after 10 years’ of
service, and the spare was unexpectedly found to have failed. Gold pours were put on hold until October
when the unit was re-built and back in service. A suitable replacement heat exchanger has been located
in Kuala Lumpur and an order has been placed to secure this unit and delivery is awaited. The Company
keeps its repair and maintenance program going to ensure sustained production as planned.
About Monument
Monument Mining Limited (TSX-V: MMY, FSE:D7Q1) is an established Canadian gold producer that owns
and operates the Selinsing Gold Mine in Malaysia. Its experienced management team is committed to
growth and is also advancing the Murchison Gold Project s comprising Burnakura, Gabanintha and
Tuckanarra (20% interest) in the Murchison area of Western Australia. The Company employs
approximately 200 people in both regions and is committed to the highest standards of environmental
management, social responsibility, and health and safety for its employees and neighboring communities.
Cathy Zhai, President and CEO
Monument Mining Limited
Suite 1580 -1100 Melville Street
Vancouver, BC V6E 4A6
FOR FURTHER INFORMATION visit the company web site at www.monumentmining.com or contact:
Richard Cushing, MMY Vancouver T: +1-604-638-1661 x102 [email protected]
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
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Forward-Looking Statement
This news release 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 news release. 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 p hrases
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 news release 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, geopolitica l and
social uncertainties; uncertainties regarding the results of current exploration activities; uncertainties in the progress an d timing
of development activities; foreign operations risks; other risks inherent in the mining industry and other risks des cribed 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 www.sedar.com. Material factors and assumptions used to develop
forward-looking statements in this news release 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 exp ected 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 factor s 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 www.sedar.com. 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 statemen ts 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.