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:

• Zinc, lead and gold mineralisation at our advanced Bonaventura prospect on Kangaroo Island
• Olympic Dam style copper-uranium-gold mineralisation, gold mineralisation and palaeochannel rollfront uranium from targets on Ambrosia;
• Archaean greenstone style nickel, Canadian Abitibi Belt style zinc-copper-gold and gold mineralisation in our Moorlands, Brimpton Lake and Mt Hope tenements;

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

The Monax team has wide experience at senior levels in the minerals and petroleum industries and Government in Australia and are technically highly competent leaders in their fields. The company has extensive experience in working with Aboriginal people, the community and the environment.