Monarch also intends to investigate the economic iron ore potential in the Mount Magnet area. A high level review including detailed magnetics and ground knowledge indicates potential for significant tonnages of iron formation. Further work is required to determine the economic potential.
“The Monarch Board is confident 2008 will be a strong year for an unhedged gold and bank debt free producer with exposure to the robust gold price.”
For further information, please contact: Michael Kiernan Chairman - Monarch Gold Purple Communications Tel: +61 (0)8 9481 6422
MON Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
