Monax Mining Limited (Monax) is an Australia-based company. The company�s principal activity is mineral exploration. The Company focuses on its South Australian projects with exploration programs undertaken at the Punt Hill Project, its Waddikee Project on the Eyre Peninsula and its joint venture project on Yorke Peninsula. The Company has a strategic alliance for copper exploration in South Australia with Antofagasta Plc. The Punt Hill Project is located within the Olympic Iron Oxide Copper Gold (IOCG) province on the eastern margin of the Gawler Craton. The Punt Hill, exploration consisted of a four-hole drilling program totaling 2561.2meters. The Company completed four holes totalling 2561 meters. The Company focuses on the exploration of graphite at its Waddikee Graphite Project. The Company completed its second phase of diamond drilling at Miranda prospect in Yorke Peninsula Copper-Gold Project.