kiernan to put in 15 million , page-9

Mt.Magnet
Iron Ore
The Mt Magnet area contains significant occurrences of BIF which have not been assessed for their
potential to host economic concentrations of Iron Ore.
Utilising geophysical data, geological mapping and ground assessment, the potential exists for
significant tonnages of iron ore formation (200 million tonnes). Monarch is currently carrying out a
channel rock chip survey across the BIFs to determine an indicative Fe content prior to considering a
drilling assessment.
For further information, please contact:
Ian Huitson Warrick Hazeldine
Managing Director - Monarch Gold