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Monument Entered Into a Collaboration Agreement, Gives GBR Access to Burnakura Mill
VANCOUVER, British Columbia, April 02, 2025 (GLOBE NEWSWIRE) -- Monument Mining Limited (TSX-V: M...
About this update from Monument Mining Limited
[{"type":"text","content":"Monument Entered Into a Collaboration Agreement, Gives GBR Access to Burnakura Mill\n\n\n\n VANCOUVER, British Columbia, April 02, 2025 (GLOBE NEWSWIRE) -- Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) (“Monument” or the “Company”) today is pleased to announce that it has signed a Memorandum of Understanding (“Collaboration Agreement”, or “MOU”) with Great Boulder Resources (“Great Boulder”, ASX: “GBR”) for collaboration to potentially process ore from Great Boulder’s Side Well Gold Project through Monument’s Burnakura Mill at Meekatharra, Western Australia subject to availability.\n \n\n President and CEO Cathy Zhai commented, \"I am very pleased with thanks to Mr. Andrew Paterson, the Managing Director of Great Boulder, for considering Burnakura mill as their treatment option and for his willingness to collaboratively explore the best solution beneficiary to both parties in optimization of potential production. It will give an opportunity for exploration companies to generate cash flow as gold prices surge to historical record highs. While junior companies continue to face their own challenges and navigate the inherent risks of the natural resource industry, we are working hand in hand to find a win-win solution in the region.”\n \n\n\n Background\n \n\n\n Following the successful commercial production of the upgraded sulphide gold concentrate plant at Selinsing Gold Mine, Monument is now advancing its Murchison Gold Project towards potential commercial production. SRK Consulting (Australasia) Pty Ltd (“SRK”) is currently engaged to provide economic assessments, including evaluating the Burnakura mill capacity for initial re-start and potential upgrade options up to 750K tpa. With a proven track record for building-up and advancing operational mines, Monument continues to leverage its strong production management team to drive growth and efficiency.\n \n\n Monument has an estimated Mineral Resource of 5.59Mt @ 2.12g/t for 381koz, comprised of Indicated at 4.04Mt @ 2.3g/t gold for 293k ounces, Inferred Mineral Resource of 1.55Mt @ 1.8g/t gold for 88k ounces at Burnakura (“NI 43-101 Technical Report: Updated Mineral Resources, Burnakura Gold Project, Western Australia, Australia”, prepared by ...