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TSXV: MMY FSE: D7Q1
A New Gold Producer in Malaysia
Executing the Next Stage of Growth
November 2010
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Cautionary Statement
This presentation includes certain estimates, projections and forwardlooking statements within the meaning of Section 21E of the SecuritiesExchange Act of 1934, as amended that have been provided by the Companywith respect to its anticipated future performance. Such forward lookingstatements reflect various assumptions by the Company concerninganticipated results, which assumptions may or may not prove to be correct.
No representations are made as to the accuracy of such statements,estimates or projections. These forward-looking statements are madepursuant to the safe harbor provisions of the Private Securities LitigationReform Act of 1995. While these statements are made to convey theCompany's progress, business opportunities and growth prospects, suchforward-looking statements represent management's opinion. Whereasmanagement believes such representations to be true and accurate based oninformation and data available to the Company at this time, actual resultsmay differ materially from those described. The Company's operations andbusiness prospects are always subject to risks and uncertainties.
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The Company
Focused on gold production and explorationoperating in Pahang State in the Central Gold BeltDistrict in Malaysia
Proven Mine Builders
Three projects, 100% owned: Selinsing Mine
Damar Buffalo Reef
Famehub
Established platform for Future Growth Low cost gold production at 100% Selinsing Gold Property
Additional reserves at 100% owned Damar Buffalo Reef
Years of gold exploration ahead at large Famehub landpackage
Attractive valuation
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Capital Structure
Shares Outstanding: 171.2 MWarrants: 82.8 M
Options: 24.9M
Convertible Note Shares: 20.0 M
Convertible Note Warrants: 20.0 M
Fully Diluted: 318.9 M
Share Price (November 11, 2010): $0.65
52 Week High/Low: $0.70 / 0.235
Market Capitalization: $111.28 M
Convertible Notes: $8.00 M
Insiders: 11%
Major Shareholders
Orifer S.A.
Wira Mas Trust (Selinsing Gold Project Original Vendors)
European Investors Group
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Malaysia
Government: Federal Parliamentary democracy with a constitutionalmonarchy
Population (2009): 28.3 million
Annual Growth Rate: 2%
Nominal GDP (2009): $191.5 billion Annual real GDP growth rate: 5.9% (2006); 6.3% (2007); 4.6% (2008); - 1.7% (2009)
Nominal per capita income (GNI): $6,897
Workforce (10.89 million, 2007): Services: 57%
Industry: 28% (Manufacturing: 19%; Mining and Construction: 9%; agriculture: 15%)
(Source: Wikipedia)
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Land Position
100% owned Selinsing& Damar Buffalo Reefproperties totalingover 2,000 acres alonga 4.5 km strike zone
100% owned Famehubland package totalling32,000 acres to theNorth and East of the
Selinsing mine site
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Malaysia Geological Survey
Selinsing has secured a partnership with Australian University GeologyDepartment to fully fund a program in which they will survey the countryfor large metal deposits
Once this survey is complete, the data will be compiled into acomprehensive database/report and donated to the MalaysianGovernment and kept private for three years, before becoming public data
The company being the sponsor of this program will be in a position ofadvance knowledge regarding results and seek to secure and increase anappropriate land tenure position
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Management Team
Robert Baldock President & CEO25 years of experiences of raising equity and mining project finance, directing mining project development and millconstruction.
Cathy Zhai CFO, Corporate Secretary & VP Corporate Finance13 years experience with publicly l isted companies at CFOs capacity or equivalent in corporate finance, public reporting andbusiness strategic planning.
Kevin Wright Project Mining Engineer and General Manager
33 years experience in designing, building and managing safe, profitable mines.
Zaidi Harun VP Exploration15 years of exploration experiences, 8 years at Selinsing Gold project.
Scott Ladd VP Business Development
15 years of mining company experience with Kinross Gold, Vale Inco, Grande Cache Coal and Hudson Bay Mining andSmelting.
Charlie Northfield Processing Manager
A hands on Mineral Processing Engineer with 30 years broad experience throughout the mining industry in gold, metalsulphides and oxides in addition to industrial minerals processing.
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Selinsing Gold Mine
Team over 150 at the Mine Site
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Selinsing Cross Section(First Pit)
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Selinsing Deposit
Resource Tonnes Grade (g/t) Oz/Au Oxide Sulphide
Indicated 4.82 M 1.49 230,000 134,000 96,000
Inferred 10.32 M 1.17 388,000 20,000 368,000
First Gold Pour October 2009
Commercial Production announced inSeptember 2010
400,000 tonnes/year plant
40,000 oz/Au year capacity
Mill Upgrade planned: 75,000 100,000 ozAu
Recovery rate ranged between 92% -
95% over both oxide & sulphidematerial
Cash cost estimated at U$317 forinitial year
First pit estimated 5-year mine life
Currently drilling for furtherresources at Selinsing property
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Proven Mine Builders
Selinsing Gold Mine Project:
From greenfield acquisition to First Gold Pour 28 Months
Complete Plant Construction 24 months
Low Capital Expenditure $20 Million
Gravity Circuit in Production January 2010
Full Commercial Production September 2010
Zaidi Harun (VP Exploration),Kevin Wright (Project Mining Engineer & GM), and
Jimee Shah (Selinsing Gold Mine Manager Sdn Bhd)
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Selinsing Open Pit
Open Pit June 2007
Open Pit June 2010
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Selinsing Plant
Plant Site June 2007
Plant Site June 2010
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The Production Process
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Trucking ore to the plant
Treatment Plant
Crusher
Processing Facilities
Gold Pour
Gold bar
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Production Data 2009
Q1 Q2 Q3 Q4 Total
Ore Mined (tons) 69,524 165,823 229,495 197,488 662,330
Ore Processed (tons) 3,524 82,828 95,022 90,746 272,120
Ore Stockpiled (tons) 64,533 145,034 280,737 387,545 387,545
Q1 Q2 Q3 Q4 Total
Gold produced (oz) - 1,400 4,127 8,266 13,793
Gold Sold (oz) - 660 3,716 9,417 13,793
Cash Cost/oz (US$/oz) - 371 234 198 226
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Future Cash Flow Estimates
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In US$ millions 2009 2010 2011 2012 2013 2014 Total Project
Cash Injection 18.30 - - - - - 18.30
Revenue - 29.60 47.60 33.50 39.90 38.40 189.00Total Cash Inward 18.30 29.60 47.60 33.50 39.90 38.40 207.30
Total Expenses 17.80 15.60 17.10 16.60 16.80 10.80 94.70Surplus Cash 0.50 14.00 30.50 16.90 23.10 27.60 112.60
NPV (discounted @ 10%): 84
IRR: 104%
Low Malaysian Operating costs:
Average cash cost per ounce: US$317/oz
Labour: Approx. 25% of Australian or Canadian rates allowing for a 2:1 efficiency factor.
Contractors: Hourly rate for 30 ton pull CAT excavator with driver and fully maintained is under US$20/per hour
* At $1,400 gold the surplus would increase to $176.0 Million.
Financial Overview US$US$1,000 Gold *
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Grand Opening Ceremony
October 25, 2010
Selinsing Gold Mine OpeningCeremony was officiated by
the Chief Minister of Pahang
State Dato Sri Di Raja Yang
Amat Berhormat Dato Sri Hji
Adnan Bin Hji Jakob
About 500 people in
attendance, including the
Chief Minister along with State
Cabinet members, about 120
state officials and local
community leaders,
shareholders, the Companys
Directors and officers, and
guests from Europe, Australia
and Canada
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Bob Baldock, President & CEO of Monument Mining; Chief Minister of Pahang State
Dato Sri Di Raja Yang Amat Berhormat Dato Sri Hji Adnan Bin Hji Jakob; YH Dato Haji
Lias b. Mohd Noor, CEO of Pahang State Development Corp. (PASDEC); and Zaidi Harun,
VP Exploration of Monument Mining
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Damar Buffalo Reef
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Damar Buffalo Reef
Highly prospective geology trend north from Selinsing deposit
Approximately 2,000 acres (> 4.5 continuous Km)
Historical Resource totaling 2,512,000 tonnes at 2.29 g/t Au
Existing historical resource of 185,400 oz/Au
Drill program to date suggests a much larger gold camp which stretchesfrom Selinsing in the south to the north for over a 4.2 km long shear zone
Damar (Famehub) continues, in part, further North along trend for another12 km
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Damar Buffalo Reef
Grade Highlights
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Famehub Acquisition
32,000 acres of prospective land adjacent to Selinsing and Buffalo Reefproviding significant upside potential
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Agressive Drilling Program
$3.4 Million Exploration program for 2010/2011approved
12 months: 116 drill holes; 18,390 m aimed at: Increase Gold reserves
Build up gold resource pipeline in Malaysia
Selinsing: Convert inferred resources to reserves
Damar Buffalo Reef: Convert inferred into measured and indicated
Update NI 43-101
Famehub: Select prospective drill targets
Drilling at Selinsing
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Goals
Extension of Selinsing plant toincrease output capacity toapproximately 1 M tonnes peryear
Complete new NI 43-101technical reports on Selinsing andDamar Buffalo Reef
Aggressive drilling
to increase resource inventory to> 1 M oz/Au by ongoing andfurther exploration
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Corporate Social
Responsibility
Job Creation Over 150 Malaysian employees at the site, the creation of local jobs for community
residents is key
Goods & Services construction and expansion programs, operation of plant and mine provide a constant
demand for labor, contract services and supplier goods and services from the localcommunities of Koyan and Kuala Lipis
Training and Education Encouraging local young people to seek full education and improve their skills and
professional capabilities
Offering scholarships to local students to attend Universities and gain degree statuseducation for professional roles such as underground and surface mining engineers,geologists, metallurgists, chemists and similar mining industry roles
Offer work experience while they undertake their degree education and uponcompletion offer full employment
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Investment Opportunity
Building value with cash flow from operations
Gold exposure at a low producing cost
US$ 317.00 oz/Au
There is only a 5,000 oz hedging on gold sales
MMY benefits from the high price of gold on the open market
Exploration upside
Acquisition growth potential
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Thank you!
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