Microsoft Word - 106_MMY Extension_ToASX.docx ASX RELEASE 22 October 2014 ASX Code: POZ Sale of Tuckanarra Gold Project: Extension of Completion Date


Phosphate Australia Limited (POZ) and Monument Mining Limited (TSX-V: MMY and FSE: D7Q1MMY) 'MMY', have mutually agreed to a three week extension to the completion date for the sale of the Tuckanarra Gold Asset (located in the Murchison of Western Australia).
The new completion date for the transaction is now Thursday 13 November 2013. The additional time has been provided at the request of MMY to enable them to finish their required due diligence.
At completion, A$2 million in cash and 10 million shares in MMY will be paid to POZ in return for 100% of the Tuckanarra Gold Project. The common shares will be issued at a deemed price of C$0.25 cents per share and will be subject to the statutory four months and one day hold period imposed by Canadian securities legislation.
Jim Richards BSc. (hons) Geology, MAusIMM, MAIG Executive Chairman
Enquiries: Mr Jim Richards, Executive Chairman, 08 9422 9555

Phosphate Australia Limited ABN 51 129 158 550

37 Colin Street

W est Perth W A 6005

T +61 8 9422 9555 F +61 8 9422 9599

E info@phosphateaustralia.com.au
W www.phosphateaustralia.com.au

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