Ann: Monax secures High Grade Western Queen Gold Project WA, page-2

Ramelius Resources previously estimated an Indicated and Inferred Resource of 185,000 tonnes at 3.5 g/t Au for 21,000 ounces of gold at Western Queen South .

Monax expects to estimate a new resource at both Western Queen and Western Queen South, once existing drilling has been reviewed and verified. This resource estimate is expected to be completed in the December quarter 2017.

The Western Queen deposit and its environs are also known to host a number of pegmatites which will also be reviewed for their potential to host lithium minerals.