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Monax commences drilling at Queensland Bauxite Project

Monax commences drilling at Queensland Bauxite Project HIGHLIGHTS Maiden drilling program for bauxite underway in the Pretender Creek region, northern Queensland. Previous rock chip sampling reported bauxite up to 44.5% Al2O3 at surface. Drilling expected to take between three and four week with results due late in 2011. Monax Mining Limited ( MOX) today announced it has commenced an extensive drilling program at its Pretender Creek Bauxite Project in northern Queensland. The program will comprise approximately 180 holes aimed at testing three zones of known surface bauxite on Monaxs tenements (see Figure 1) in an area that the Company believes could hold strategically significant resources. Monax has previously mapped and sampled bauxite mineralisation within each of its three 100% owned tenements which included rock chip sample grades of up to 44.5% Al203. The drilling program is being undertaken to obtain suitable samples for laboratory testing and to determine the tonnage and potential economics of the bauxite within each area. Monaxs Managing Director, Mr Gary Ferris, said The focus of this drilling is on providing immediate feedback on the depth, extent and quality of what we believe could be a significant resource base. The drilling program will be completed prior to the upcoming wet season, providing Monax time to fully assess the drilling results and placing us in a position to make a decision about more focussed resource definition drilling, he said. Drilling should take between three and four weeks to complete and results are expected late in 2011. For further information please contact Gary Ferris Managing Director, Duncan Gordon Monax Mining Investor Relations Ph (08) 8375 3900 Ph 0404 006 444 Email infomonaxmining.com.au.