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
monarch a strong year
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