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Company InformationCorporate Summary Monarch Gold Mining Company is an independent Australian resources company with a vision to become a substantial mid-tier gold production and exploration company. Monarch was formed in 2002 by a group of experienced Australian mining executives – Michael Kiernan, Colin Smith and David Macoboy – and listed on the ASX in the same year, initially with a portfolio of gold and nickel exploration interests in the Forrestania Belt of Western Australia. During 2005, Monarch initiated a growth strategy in the Australian gold sector, targeting opportunities for the consolidation of gold development assets which had not realised their full potential historically either because of a lack of capital or because of limited past exploration. The opportunity to build a substantial new mid-tier Australian gold company follows a lengthy period of under-investment in the gold sector. Monarch is focused on consolidating a quality asset base and, drawing on its strong international investor base, providing access to capital to bring these assets into production and ensure that they realise their full potential. Monarch’s growth strategy is premised on a strong long-term outlook for the gold market which, after a difficult period in the 1990s, has enjoyed a strong renaissance since 2001 with prices more than doubling in this period. Since November 2005, Monarch has laid the foundations for its growth as a mid-tier Australian gold production company, securing the acquisition of the Davyhurst and Minjar gold projects and completing a merger with Siberia Mining Corporation. The Company has a resource base totalling over 2.4 million ounces, two state-of-the-art gold treatment plants, and has dominant ground positions in the prolific gold mining region to the north-west of Kalgoorlie, including the Davyhurst region and the historic Bellevue mining centre, as well as a substantial ground package covering the under-explored Golden Grove/Minjar region in WA’s Mid West. Growth Strategy Monarch’s growth strategy is focused on three potential production centres in Western Australia: Davyhurst - gold resources of over 2Moz within a 2,000km2 tenement package and 1.2mtpa gold treatment plant (+1.2Moz historic production) Minjar - gold resources of over 400,000oz within a 1,722km2 tenement package and 600,000tpa gold treatment facility (+120,000oz historic production) Bellevue - gold resources of 120,000oz associated with the historic Belleview Gold Mine, one of WA’ premier gold operations (750,000oz historic production) All of these projects offer the potential for additions to existing resources as well as significant new discoveries through focused, well-funded exploration programs. Monarch’s immediate objective is to establish a 3-year reserve position to underpin production at an initial rate of 100,000oz per annum at Davyhurst and 50,000oz per annum at Minjar, in conjunction with intensive exploration to increase the resource inventory at Bellevue. The Company’s longer term objective is to leverage off this initial production base to increase gold production to a level of 500,000oz per annum through further expansion of these production hubs and assessment of other opportunities in the gold sector. |
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| aus der Diskussion: | 500000 UNZEN GOLD PRO JAHR PRODUKTIONSBEGINN |
| Autor (Datum des Eintrages): | hainholz (25.03.07 16:35:21) |
| Beitrag: | 20 von 2,239 (ID:28486193) |
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