It has had early and encouraging success in discovering Olympic Dam style copper-uranium-gold mineralisation on its flagship Punt Hill project.

Other significant projects being tested include:

• Manganese and iron ore potential at Waddikee 
• Zinc, lead and gold mineralisation at our advanced Bonaventura prospect on Kangaroo Island
• Olympic Dam style copper-gold-uranium mineralisation at Melton

From these successes Monax will focus on creating long term value for its shareholders.