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Company Profile

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Monax Mining Limited (Monax) is an ASX Listed Company (ASX: MOX ) with a focus on copper-gold, nickel and diamonds on the highly prospective Gawler Craton,  South  Australia.

The Punt Hill iron oxide copper-gold (IOCG) project, comprising ELs 4642 and 4548, is located on the eastern margin of the Gawler Craton  and is Monax’s flagship project. In August 2010, Monax signed a joint venture agreement with Antofagasta plc (“Antofagasta”) through its wholly-owned subsidiary Antofagasta Minerals S.A., for exploration on this project.

Monax has acquired a large tenement holding in the highly prospective and underexplored Fowler Domain in western South Australia. The Western Gawler Craton (WGC) Project comprises three tenements covering an area of 2046 km2. In October Monax signed a Farm-In Agreement with Western Areas Limited who has the ability to earn 90% of the project by sole funding $1.2 million of exploration on the project within 4 years.

Monax has a 25:75 joint venture with Marmota Energy Limited (ASX:MEU) over the Melton project, located on northern Yorke Peninsula. Melton is located on the northern extension of the Pine Point Fault Belt, which hosts the Hillside discovery. Drilling in 2011 provided encouraging results including 9 metres at 1.03% copper including 1 metre at 2.25% copper and 0.46 g/tonne gold intersected in drill hole MIRDD08. An airborne electromagnetic (AEM) survey was completed in January 2015.

Monax is exploring for diamonds on its Kimberlite project, located south of William Creek, on the northeastern margin of the Gawler Craton. A detailed ground magnetic survey has outlined a potential kimberlite on EL 5347. Monax plan to drill this target in 2015.

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