The technical report shows a pit-constrained Indicated resource of 405,600 tonnes at an average grade of 5.42 g/t Au for a total of 70,630 ounces of gold, and an underground Indicated resource of 300,800 tonnes at an average grade of 4.17 g/t Au for a total of 40,380 ounces. The resource was calculated at a US$1,300 gold price with an exchange rate of 1.33 US$/CA$ per troy ounce. Monarch has a combined Measured and
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