Mt Monger Resources - MTM(ASX) News & Expert Insights from Stockhead

The Company is a mineral exploration and development company focussed on gold and other precious metals discoveries in Western Australia. The Company’s projects comprise the Mt Monger Gold Project and the East Laverton Gold Project. The general location of these Projects in the Eastern Goldfields region of Western Australia.

The Mt Monger Gold Project is centred approximately 50km east-northeast of Kambalda and 70km to the southeast of Kalgoorlie-Boulder, within the Goldfields Region of Western Australia. The project comprises Exploration Licences and Prospecting Licences covering an area of approximately ~100km². The Mt Monger region has proven potential for hosting gold, with gold mining commencing in the area during the late 1890s and continuing to the present day. Silver Lake Resources Ltd’s (ASX: SLR) is currently operating the 1.2Mtpa Randalls gold processing facility which is located within one kilometre of the project tenure.

Early exploration within the project area focused on nickel sulphide mineralisation with the focus shifting to gold exploration during the 1980s. Exploration to date has outlined a number of advanced gold prospects; including the Duchess of York, Hickman’s Find and Kiaki Soaks prospects. Historical drilling at the Duchess of York Prospect has outlined significant mineralisation. The recent “Burns” project discovery by Lefroy Resources (ASX:LEX) with a drill result of 60m @ 5g/t Au & 0.35% Cu, 5km from Mt Monger’s tenements, has put renewed exploration focus on the area.

The East Laverton Gold & Rear Earth Project is centred 70km south-east of the townsite of Laverton and is comprised of 12 Exploration Licences covering an area of approximately ~3,000km². Due to the area’s extensive sedimentary cover, there has been little geological work in the area either by exploration companies or government geological surveys, hampering the geological understanding of the area. Diamond exploration targeting kimberlite pipes at the Seahorse Prospect encountered gneissic rocks similar to those from the Tropicana Gold Mine (which is held by AngloGold Ashanti Ltd and Independence Group NL Joint Venture).

KEY PEOPLE

John Hannaford | Chairman

John is an experienced company director and executive with extensive experience as an ASX director, including Chairman. A qualified Chartered Accountant and Fellow of the Securities Institute of Australia, John has founded and listed several companies on ASX. He has also advised numerous companies through the ASX listing process in his Corporate Advisory career. He has established an extensive corporate network and gained a highly distinguished reputation over the last twenty years of corporate life in Australia.

Lachlan Reynolds | Non-Executive Director

Lachlan is a professional geologist with over 30 years involvement in mineral exploration, project development and mining, in both Australia and internationally. He has broad resource industry expertise, across a range of commodities including copper, gold, nickel and uranium. Over the past decade Lachlan has served as a senior executive and manager for a number of ASX-listed companies and has managed the advancement of a diverse suite of mineral projects. Lachlan has recently worked as the Managing Director for Golden Mile Resources Limited (ASX: G88), which is a junior exploration company that holds gold projects in the Eastern Goldfields of Western Australia. He is currently consulting to Caravel Minerals Ltd (ASX: CVV) as General Manager Exploration, supervising geological activities at their Caravel Copper Project and an active exploration program in the southwest of Western Australia.

David Izzard | Non-Executive Director

David is an experienced finance executive and director with over 15 years’ experience in the mining industry. David is the former CFO for SMS Innovative Mining, a mining services business. During David’s tenure the group built its annual turnover from $20,000,000 to over $150,000,000 with clients including Saracen Minerals, Norton Gold, Mount Gibson Iron, Tawana Resources, BHP, BMA and Capricorn Resources. He is a co-founder and shareholder of Adaman Resources, a private mining company holding gold assets valued at $100,000,000, Kirkalocka and Corinthia. David has a strong knowledge of mining operations, financing and project management. Over the last three years he has been involved in identifying economical mining projects and executive teams to execute and operate projects. David is a qualified accountant and has an MBA and a Master of Mineral Economics from Curtin University.