Monument Drilling Highlights Selinsing Upside

Monument Mining Limited has released assay results from 23 drill holes at its Selinsing Gold Mine in Malaysia, reporting high-grade intercepts that the company says indicate potential resource additions and mine-life extension [2]. The results coincide with the company’s financial report for the third quarter of fiscal 2026, which revealed a net profit of $22.65 million and a cash position of $101.76 million [1].

Key takeaways

• Monument reported a Q3 FY 2026 net profit of $22.65 million, bringing year-to-date net profit to $53.31 million [1].
• Drill results from 23 holes at Selinsing showed high-grade intercepts, including 1.1m @ 13.9 g/t Au and 15.5m @ 2.61 g/t Au [2].
• The company says the drilling targeted gap zones and down-dip extensions that could support resource additions outside current Life of Mine plans [2].
• Monument expects to receive all remaining drilling assays by June 2026 [2].

High-grade intercepts support resource growth

The drilling program focused on the Buffalo Reef and Felda areas, targeting extensions of oxide and sulphide mineralisation as well as potential resource growth outside the current pit shell [1][2]. According to the company, the Stage 1 and Stage 2 programs have completed a total of 123 holes for 17,136.1 metres, with assay results received for the 23 holes reported [2]. Notable intercepts included 3.0m @ 5.66 g/t Au and 1.1m @ 13.9 g/t Au in hole MBRDD628, 15.5m @ 2.61 g/t Au in MBRRC632, and 10.1m @ 4.68 g/t Au in MBRDD627 [2].

Monument stated that these intersections show continuity with previously modeled mineralized domains and that several holes intersected mineralization beneath both current Life of Mine and expanded pit shells [2]. The company claims this data points to potential resource expansion and future pit re-optimization [2].

Financial strength fuels development strategy

The exploration efforts are underpinned by strong operational performance at Selinsing, which contributed to a net profit of $0.07 per share in the third quarter [1]. President and CEO Cathy Zhai noted that the company’s cash and short-term investments reached $101.76 million, a level intended to support growth initiatives [1]. In January 2026, the company issued its first special dividend to shareholders [1].

During the quarter, mining activities focused on specific stages of the BRC2 and BRC4 pits, while the Buffalo Reef exploration program progressed with 58 holes completed and 8,666 metres drilled [1]. By the end of the quarter, the resource expansion program had drilled a total of 13,045.1 metres [1]. Additionally, the company reported progress on infrastructure, including the completion of a concentrate warehouse extension and the successful implementation of a Computerised Maintenance Management System [1].

Why it matters

The reported assay results are significant for Monument’s strategy to extend the mine life at Selinsing. The company believes that if further modeling confirms the continuity of mineralization, there could be a material uplift in mineral resources [2]. Market participants are likely to focus on the receipt of remaining assays, which Monument expects by June 2026, and subsequent technical updates that could convert resources to reserves or support tenement extensions [2].