Monument Mining Limited (MMY.V) today announced its plan for development work to be carried out at Mengapur during Phases I and II of the project through its 70% owned subsidiary Monument Mengapur Sdn. Bhd. (MMSB). The appointment of Mackie Research Corporation in November 2012 as the exclusive financial advisor to Monument will assist the Company in relation to its planning, capital needs and other strategic developments going forward.
The Company is in the process of preparing an updated NI 43-101 compliant reserve and resource statement which will lead to the preparation of a Feasibility Study on the development of the polymetalic ore body. A Feasibility Study commissioned by Normet engineering consultants for Malaysian Mining Corporation previously owned by the Malaysian Government, has been reviewed and converted to NI 43-101 historic resource report standards by Snowden International Mining Consultants and filed on SEDAR in January 2012.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
