Monax Mining Limited announced audited consolidated earnings results for the year ended June 30, 2012. For the year, the company’s total revenue was AUD 304,838 compared to AUD 324,264 for the same period a year ago. Loss before income tax expense was AUD 3,005,692 compared to AUD 560,587 for the same period a year ago. Loss after income tax expense was AUD 3,005,692 or 2.0 cents per basic and diluted share compared to AUD 117,648 or 0.079 cents per basic and diluted share for the same period a year ago. Net cash used in operating activities was AUD 483,728 compared to AUD 131,825 for the same period a year ago. Payments for plant and equipment were AUD 21,048 against AUD 7,517 a year ago. Payments for exploration and evaluation assets were AUD 2,013,269 against AUD 1,758,102 a year ago.

Monax Mining Limited announced that its shareholders at the annual general meeting to be held on November 14, 2012 will consider and approve the amendment into the Constitution of the company by inserting the proportional takeover approval provisions into the constitution.

Monax Mining Limited, Annual General Meeting, Nov 14, 2012., at 11:00 Cen. Australia Standard Time. Location: Enterprise House. Agenda: To receive and consider the financial report and the reports of the directors and auditor for the year ended June 30, 2012.; to adopt remuneration report; to re-elect Mr. GS Davis as a director; to consider inserting the proportional takeover approval provisions into the Constitution; and to transact any further business that may be lawfully brought forward.