SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                   FORM 10-QSB

(Mark One)

[X]  Quarterly report under Section 13 or 15(d) of the Securities Exchange
     Act of 1934

     For the quarterly period ended June 30, 2001

[ ]  Transition report under Section 13 or 15(d) of the Securities Exchange
     Act

     For the transition period from             to
                                    ------------  -------------

Commission file number    33-15528-D
                        --------------

                            MONUMENT RESOURCES, INC.
         ---------------------------------------------------------------
        (Exact name of Small Business Issuer as Specified in its Charter)

           Colorado                                               84-1028449
 ------------------------------                               -----------------
(State or Other Jurisdiction of                              (I.R.S.  Employer
 Incorporation or Organization)                              Identification No.)


           2050 South Oneida Street, Suite 106, Denver, Colorado 80224
           ----------------------------------------------------------
          (Address of Principal Executive Offices, Including Zip Code)

                                 (303) 692-9468
                 ----------------------------------------------
                (Issuer's Telephone Number, Including Area Code)


Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the Registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days.

                              Yes  X       No
                                 -----       -----
State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date: 4,869,000 shares of common stock were
outstanding at August 13, 2001.

Transitional Small Business Disclosure Format (Check One):

                              Yes          No  X
                                 -----       -----

<PAGE>


                    MONUMENT RESOURCES, INC. AND SUBSIDIARIES
                                      INDEX

                                                                     Page Number
                                                                     -----------
PART I.       FINANCIAL INFORMATION

     Item 1.  Consolidated Financial Statements:

              Consolidated Balance Sheets as of                              2
              June 30, 2001 (unaudited) and September 30, 2000

              Unaudited Consolidated Statements of Operations                4
              For the Three Months and Nine Months ended
              June 30, 2001 and 2000

              Unaudited Consolidated Statements of Cash Flows                5
              For the Nine Months ended
              June 30, 2001 and 2000

              Notes to Consolidated Financial Statements                     6

     Item 2.  Management's Discussion and Analysis of                       19
              Financial Condition and Results of Operations

PART II.      OTHER INFORMATION                                             21

                                       1

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<CAPTION>


Item 1.  Financial Statements.


                      MONUMENT RESOURCES, INC. AND SUBSIDIARIES
                             CONSOLIDATED BALANCE SHEETS

               ASSETS

                                                          June 30,      September 30,
                                                            2001            2000
                                                        (Unaudited)
                                                        ----------       ----------
Current assets
         <S>                                            <C>              <C>
         Cash                                           $  115,935       $   78,831
         Investment in securities                          507,725          192,003
         Accounts receivable                                48,462           56,560
         Note receivable (see Note 4)                         --             27,660
         Prepaid expense                                     4,501           10,425
                                                        ----------       ----------

Total current assets                                       676,623          365,479
                                                        ----------       ----------

Mineral properties                                          59,520           92,718
Proved and unproved oil and gas
         properties, successful efforts method
         net of accumulated depletion                      629,898          659,786

Property and equipment:
         Gas pipeline, net of
           accumulated depreciation                        164,622          183,022
         Property and equipment, net of
           accumulated depreciation                         52,130           31,072
                                                        ----------       ----------

Net property and equipment                                 216,752          214,094

Investments in securities, at market                        64,222           60,991
                                                        ----------       ----------

Total assets                                            $1,647,015       $1,393,068
                                                        ==========       ==========


See Notes to Consolidated Financial Statements.

                                         2
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<PAGE>


Item 1.  Financial Statements. (Continued)


                    MONUMENT RESOURCES, INC. AND SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEETS

LIABILITIES AND STOCKHOLDERS' EQUITY

                                                       June 30,    September 30,
                                                        2001           2000
                                                     (Unaudited)
                                                     -----------    -----------
Current liabilities
         Accounts payable and accrued expenses       $    14,960    $     6,948
         Deferred Insurance Proceeds                      43,000           --
                                                     -----------    -----------

Total current liabilities                                 57,960          6,948
                                                     -----------    -----------

Stockholders' equity:
Preferred Stock, no par value, authorized
         1,000,000 shares; none issued
Common Stock, no par value, authorized
         10,000,000 shares; 4,869,000 issued
         and outstanding on September 30, 2000
         and March 31, 2001                            3,167,782      3,167,782
Accumulated deficit                                   (1,644,536     (1,834,595
Unrealized gain on investment in securities               65,809         52,933
                                                     -----------    -----------

Total stockholders' equity                             1,589,055      1,386,120
                                                     -----------    -----------

Total liabilities and stockholders' equity           $ 1,647,015    $ 1,393,068
                                                     ===========    ===========


See Notes to Consolidated Financial Statements.

                                       3

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Item 1.  Financial Statements. (Continued)


                                     MONUMENT RESOURCES, INC. AND SUBSIDIARIES
                                      CONSOLIDATED STATEMENTS OF OPERATIONS
                                                   (UNAUDITED)


                                                              Three Months                 Nine Months
                                                             Ended June 30,               Ended June 30,
                                                          2001           2000           2001           2000
                                                      --------------------------    --------------------------
Revenue
         <S>                                           <C>            <C>            <C>            <C>
       Oil and gas sales                              $    66,792    $    39,797    $   252,116    $   140,000
       Pipeline income                                     32,525         46,117        298,798        121,367
       Interest and other                                  13,106          6,484         20,444         12,321
       Gain (loss) on securities sale                      (1,451)          --            4,432           --
                                                      -----------    -----------    -----------    -----------

                Total                                     110,972         92,398        575,790        273,688
                                                      -----------    -----------    -----------    -----------
Expenses
       Oil and gas operating expense                        8,664         12,416         66,494         65,050
       Pipeline operating expense                          32,527         25,596         85,068         71,542
       General and administrative                          48,528         33,200        137,692        116,185
       Dryhole cost                                          --               19           --           20,987
       Mineral property write off                            --             --             --           25,120
       Depletion, depreciation and amortization            23,561         27,811         70,684        328,435
                                                      -----------    -----------    -----------    -----------

                Total                                     113,280         99,042        359,938        627,319
                                                      -----------    -----------    -----------    -----------
Net income (loss) from operations                          (2,308)        (6,644)       215,852       (353,631)
Loss on sale of mineral property                          (25,793)          --          (25,793)          --
                                                      -----------    -----------    -----------    -----------

Net income (loss)                                     $   (28,101)   $    (6,644)   $   190,059    $  (353,631)
                                                      ===========    ===========    ===========    ===========

Basic income (loss) per common share                  $      (.01)   $      --      $       .04    $      (.07)
                                                      ===========    ===========    ===========    ===========
Diluted income (loss) per common share                $      (.01)   $      --      $       .04    $      (.07)
                                                      ===========    ===========    ===========    ===========
Weighted average number of shares outstanding           4,869,000      4,869,000      4,869,000      4,869,000
                                                      ===========    ===========    ===========    ===========

Diluted weighted average number of shares outstanding   4,869,000      4,869,000      4,869,000      4,869,000
                                                      ===========    ===========    ===========    ===========


See Notes to Consolidated Financial Statements.

                                                        4
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<CAPTION>


Item 1.  Financial Statements. (Continued)

                       MONUMENT RESOURCES, INC. AND SUBSIDIARIES
                         CONSOLIDATED STATEMENTS OF CASH FLOWS
                                      (UNAUDITED)

                                                          Nine Months Ended June 30,
                                                            2001            2000
                                                          --------------------------
Cash flows from operating activities:
<S>                                                       <C>              <C>
Net income (loss)                                         $ 190,059        $(353,631)
Items not affecting cash:
         Depreciation, Depletion and Amortization            70,684          328,435
         Loss on sale of mineral properties                  25,793           25,120
Changes in operating assets and liabilities:
         Decrease in prepaid expense                          5,924            7,666
         Decrease in accounts and notes receivable           35,758            4,378
         Increase (Decrease) in current liabilities          51,012          (10,605)
                                                          ---------        ---------

Net cash flow from operations                               379,230            1,363
                                                          ---------        ---------

Cash flows from investing activities:

Purchase of equipment                                       (31,762             --

Proceeds from bond investment                               299,910           40,430

Proceeds from sale of mineral property                        7,405             --

Additions to oil and gas properties                         (11,692           (2,861)

Investment in bond fund                                    (605,987             --
                                                          ---------        ---------

Net cash flows from (to) investing activities:             (342,126           37,569
                                                          ---------        ---------

Cash flows from financing activities:

Repurchase of common stock                                     --               --
                                                          ---------        ---------

Net cash flows from financing activities                       --               --
                                                          ---------        ---------

Net increase in cash                                         37,104           38,932

Cash at beginning of period                                  78,831           20,029
                                                          ---------        ---------

Cash at end of period                                     $ 115,935        $  58,961
                                                          =========        =========

                    Schedule of Non-cash Investing Activities
                    -----------------------------------------

Increase (Decrease) in unrealized gain
         on securities available for sale                 $  12,876        $ (88,051)
                                                          =========        =========


See Notes to Consolidated Financial Statements

                                          5
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<PAGE>


Item 1.  Financial Statements. (Continued)

                    MONUMENT RESOURCES, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1 -- ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

THE COMPANY

     Monument Resources, Inc, (the "Company") was organized under the laws of
the State of Colorado on October 1, 1984. The Company is in the business of
acquiring and brokering mineral and oil and gas properties and exploring,
developing, and selling production from its oil and gas properties. The
Company's oil and gas properties are in Webb and Knox counties, Texas,
Leavenworth County, Kansas and Kimball County, Nebraska. The Company also
operates a gas pipeline in conjunction with its Leavenworth gas wells. The
Company's mineral properties are in Montana and British Columbia, Canada.

     The Company has a substantial investment in mineral and oil and gas
properties. The Company may not have sufficient capital to fully explore its
mineral holdings or to develop some of its oil and gas properties, which will
require significant investment. The Company has in the past relied on joint
venture partners to supply most of the funds needed to explore or develop its
properties, and may also rely on such partners for similar funding in the
future. As a result, the ability of the Company to obtain outside funding may be
critical to the Company's exploration and development of some of its properties.
As a result of these factors, recovery by the Company of its investments in
these properties cannot be assured.

CONSOLIDATION

     The accompanying consolidated financial statements include the accounts of
the Company, its wholly owned Canadian subsidiary, formed for the purpose of
owning real property in British Columbia, and its wholly owned Kansas
subsidiary, COG Transmission Corporation, acquired in 1996. All intercompany
transactions and balances have been eliminated in consolidation.

STATEMENT OF CASH FLOWS

     For statement of cash flow purposes, the Company considers short-term
investments with original maturities of three months or less to be cash
equivalents. Cash restricted from use in operations beyond three months is not
considered a cash equivalent.

                                       6

<PAGE>


Item 1.  Financial Statements. (Continued)

                    MONUMENT RESOURCES, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (CONTINUED)

NOTE 1 -- ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(CONTINUED)

MANAGEMENT'S USE OF ESTIMATES

     The preparation of financial statements in conformity with generally
accepted accounting principles requires management to make certain estimates and
assumptions that affect the reported amounts of assets and liabilities, the
disclosure of contingent liabilities at the date of the financial statements and
reported amounts of revenues and expenses. Actual results could differ from
those estimates.

IMPAIRMENT OF LONG-LIVED ASSETS

     The Company evaluates the carrying value of assets, other than investments
in marketable securities, for potential impairment on an ongoing basis under the
tenets of SFAS No. 121, "Accounting for the Impairment of Long-Lived Assets and
for Long-Lived Assets to be Disposed Of," effective 1995. Under SFAS No. 121,
the Company periodically evaluates the carrying value of long-lived assets and
long-lived assets to be disposed of and certain identifiable intangibles and
goodwill related to those assets for potential impairment. The Company considers
projected future operating results, cash flows, trends and other circumstances
in making such estimates and evaluations and reduces the carrying value of
impaired assets to fair value.

MINERAL PROPERTIES

     Costs of acquiring, exploring, and developing specific mineral properties
are capitalized on a property by property basis until the commercial viability
of each property is determined. When a property reaches the production stage,
the related capitalized costs will be amortized, using the units of production
method on the basis of periodic estimates of ore reserves. Proved and unproved
mining properties are periodically assessed for impairment of value and any
impairments are charged to operations at the time of impairment. Should a
property be sold or abandoned, its capitalized costs are charged to operations
and gain or loss recognized.

OIL AND GAS PROPERTIES

     The Company follows the successful efforts method of accounting for its oil
and gas activities. Under this accounting method, costs associated with the
acquisition, drilling and equipping of successful exploratory and development
wells are capitalized. Geological and geophysical costs, delay rentals and
drilling costs of unsuccessful exploratory wells are charged to expense as
incurred. Depletion and depreciation of the capitalized costs for producing oil

                                       7

<PAGE>


Item 1.  Financial Statements. (Continued)

                    MONUMENT RESOURCES, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (CONTINUED)

NOTE 1 -- ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(CONTINUED)

and gas properties are provided by the unit-of-production method based on proved
oil and gas reserves. Undeveloped and unproved properties are periodically
assessed for possible impairment due to unrecoverability of costs invested.
Developed and proved properties are periodically assessed under the accounting
rules of SFAS No. 121, "Accounting for the Impairment of Long-Lived Assets and
for Long-Lived Assets to be Disposed Of." Cash received for partial conveyances
of property interests are treated as a recovery of cost and no gain or loss is
recognized.

PROPERTY, EQUIPMENT, AND GAS PIPELINE

     Depreciation of property and equipment are expensed in amounts sufficient
to relate the expiring costs of depreciable assets to operations over estimated
service lives, principally using the straight-line method. Estimated service
lives range from three to eight years. The Company's gas pipeline is being
depreciated on units-of-gas production method based on the production of the gas
wells served by the pipeline. When such assets are sold or otherwise disposed
of, the cost and accumulated depreciation are removed from the accounts and any
resulting gain or loss is reflected in operations in the period realized.

INCOME TAXES

     The Company has made no provision for income taxes for the three-month
period ended June 30, 2001 since it utilizes net operating loss carryforwards.
The Company had $1,284,000 of such carryforwards at September 30, 2000.

INVESTMENTS IN SECURITIES

     The Company follows SFAS No. 115, "Accounting for Certain Investments in
Debt and Equity Securities," in accounting for its security investments. In
accordance with SFAS No. 115, the Company's investments in securities have been
classified as available for sale because they are being held for an indefinite
period of time. Under the available for sale classification, the securities are
recorded as an asset at current market value in the balance sheet with an equal
amount representing unrealized gains recorded as a component of stockholders'
equity. The current market value is derived from published newspaper quotations
as of June 30, 2001, and September 30, 2000. At the time of sale, a gain or loss
is recognized in the statement of operations using the cost basis of securities
sold as determined by specific identification.

                                       8

<PAGE>


Item 1.  Financial Statements. (Continued)

                    MONUMENT RESOURCES, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (CONTINUED)

NOTE 1 -- ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(CONTINUED)

FINANCIAL INSTRUMENTS

Concentration of Credit Risk
----------------------------

     Financial instruments, which potentially subject the Company to significant
concentrations of credit risk, consist principally of cash, trade receivables
and investments in securities.

     The Company maintains cash with various financial institutions. The Company
periodically evaluates the financial standing of these institutions and believes
the credit risk to be minimal.

     The Company has recorded trade accounts receivable from the business
operations. The Company periodically evaluates the collectibility of trade
receivables and believes the receivables to be fully collectible and the credit
risk to be minimal.

     The Company's investment in U.S. Government securities and other corporate
bonds is subject to moderate price volatility due to interest rate changes;
however, realization of these investments has minimal risk. The Company's
investment in common stock of two companies is subject to substantial price
volatility due to the nature of Canadian stock markets, the nature of the
extractive industries business and variations in the Canadian dollar exchange
rate.

Fair Value
----------

     The carrying amount of the Company's financial instruments is equivalent to
their fair value as follows:

     Cash and cash equivalents -- The carrying amount approximates fair value
     because of the short maturities of these instruments.

     Marketable securities -- The carrying amounts approximate the fair value
     because the securities are valued at the market prices based on published
     trading price information and was accounted for using the available for
     sale accounting method.

                                       9

<PAGE>


Item 1.  Financial Statements. (Continued)

                    MONUMENT RESOURCES, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (CONTINUED)

NOTE 2 -- ESTIMATES AND RISKS

     The process of preparing financial statements in conformity with generally
accepted accounting principles requires the use of estimates and assumptions
regarding certain types of assets, liabilities, revenues and expenses. Such
estimates primarily relate to impairments of mineral and oil and gas properties,
oil and gas reserves and future dismantlement, restoration and abandonment
costs. The actual future results in the above areas may differ from the
estimated amounts.

     Financial statement accounts, which potentially subject the Company to
concentrations of credit risk, consist primarily of cash and investments in
securities. The Company attempts to deposit its cash with high quality financial
institutions in amounts less than the federal insurance limit of $100,000 in
order to limit credit risk. The Company's investment in bonds is considered to
have minimum credit risk since they are primarily U.S. government instruments.
The Company's investments in common stock are considered to have substantial
credit risk since the stock is in companies without a long history of successful
operations and whose market values are variable and cyclical.

     The mining and oil and gas industries are subject, by their nature, to
environmental hazards and cleanup costs for which the Company carries
catastrophe insurance. At this time, management knows of no substantial costs
from environmental accidents or events for which it may be currently liable. In
addition, the Company's oil and gas business makes it vulnerable to changes in
wellhead prices of crude oil and natural gas. Such prices have been volatile in
the past and can be expected to be volatile in the future. By definition, proved
reserves are based on current oil and gas prices. Price declines reduce the
estimated quantity of proved reserves and increase annual amortization expense
(which is based on proved reserves).

NOTE 3 -- INVESTMENTS IN SECURITIES

     The Company has recorded its investment in 75,000 shares of Southern Africa
Minerals Corporation ("SAMC") (Toronto Exchange), a Canadian company, and
380,000 shares of PlayFair Mining, Ltd. ("PlayFair") (formerly LayField
Resources, Inc.) (Vancouver Exchange), a Canadian company, at fair value in
accordance with SFAS No. 115, "Accounting for Certain Investments in Debt and
Equity Securities." During the quarters ended June 30, 2001 and 2000, the
Company sold no shares of stock. Based on the demonstrated liquidity and
marketability of the PlayFair and SAMC shares, and in accordance with SFAS No.
115, the Company has recorded its investments in the stocks based on published
market listings and on the closing bid price in the stocks' respective
exchanges. These shares are classified by the Company as available for sale and
non-current, since such sale may not necessarily be consummated in the near
term.

                                       10

<PAGE>


Item 1.  Financial Statements. (Continued)

                    MONUMENT RESOURCES, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (CONTINUED)

NOTE 3 -- INVESTMENTS IN SECURITIES (CONTINUED)


     The Company's investment in debt securities consists of various U.S.
government financial instruments and other corporate bonds. The Company
considers these bonds to be currently available for sale and has no timetable
for sale or redemption. Nevertheless, the Company does not expect to hold the
bonds to maturity.

Investments in securities are summarized as follows at June 30, 2001:

                                                      Unrealized     Fair
                                                      Gain (Loss)    Value
                                                      ----------    --------
Available-for-sale securities:
     Common stock                                     $   61,819    $ 64,222
     Debt securities (maturing in 1 to 21 years)           3,990     507,725
                                                      ----------    --------

                                                      $   65,809    $571,947
                                                      ==========    ========

Investments in securities are summarized as follows at September 30, 2000:

                                                      Unrealized     Fair
                                                      Gain (Loss)    Value
                                                      ----------    --------
Available-for-sale securities:
     Common stock                                     $   58,588    $ 60,991
     Debt securities (maturing in 1 to 18 years)          (5,655)    192,003
                                                      ----------    --------

                                                      $   52,933    $252,994
                                                      ==========    ========

NOTE 4 -- NOTE RECEIVABLE

     Pursuant to a Note and Deed of Trust effective July 1, 1999, the Company
sold its interest in the East Voss property in Knox County, Texas. The purchaser
was required to pay the sum of $40,000 plus interest in three installments of
$14,350 on June 27, 2000, September 30, 2000 and December 30, 2000. The first
two payments were made, however the final payment due December 30, 2000 was
renegotiated in the amount of $12,500 and was received by the Company on April
10, 2001.

                                       11

<PAGE>


Item 1.  Financial Statements. (Continued)

                    MONUMENT RESOURCES, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (CONTINUED)

 NOTE 5 -- MINERAL PROPERTIES

DOBLER PROSPECT, BROADWATER COUNTY, MONTANA

     The Dobler prospect, with capitalized costs of $59,520 at June 30, 2001,
and September 30, 2000, consists of 80 acres of fee simple land (including
minerals) and mineral rights to the 280 surrounding acres. The Company is trying
to locate joint venture opportunities to further explore the property and has
considered selling the property. Alternative uses of the mineral property are
supplying flux to a nearby smelter or selling the property as ranch land. The
property's value as ranch land or as a homesite approximates the Company's
capitalized costs in the prospect.

WISCONSIN MINE PROPERTY, BRITISH COLUMBIA, CANADA

     The Company's Wisconsin Mine Property, consisting of two patented gold
mining claims, was sold in June, 2001 for a net cash consideration of $7,405,
resulting in a loss on the sale of $25,793. Originally the Company thought the
property had both mineral and timber potential. After a thorough analysis of the
property, it was determined that the prospects for future economic feasibility
did not justify continuing to hold the property.

ALL MINERAL PROPERTIES

     Total mineral costs for all properties capitalized were $59,520 as of June
30, 2001, and $92,718 as of September 30, 2000.

                                       12

<PAGE>


Item 1.  Financial Statements. (Continued)

                    MONUMENT RESOURCES, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (CONTINUED)

NOTE 6 -- PROPERTY AND EQUIPMENT

     The following is a summary of property and equipment at cost, less
accumulated depreciation:

                                            June 30,         September 30,
                                              2001               2000
                                          (Unaudited)
                                           ---------          ---------

Land                                       $  12,500          $  12,500
Machinery and equipment                      109,647             77,885
                                           ---------          ---------
     Total                                   122,147             90,385

Less:  Accumulated depreciation              (70,017)           (59,313)
                                           ---------          ---------

     Net property and equipment               52,130             31,072
                                           ---------          ---------

Pipeline                                     300,000            300,000

Less:  Accumulated depreciation             (135,378)          (116,978)
                                           ---------          ---------

     Net pipeline                            164,622            183,022
                                           ---------          ---------

     Net property and equipment            $ 216,752          $ 214,094
                                           =========          =========


     Depreciation expense charged to operations was $10,704 for the third
quarter ended June 30, 2001 and $38,804 for the fiscal year ended September 30,
2000.

     The useful lives of property and equipment for purposes of computing
depreciation are:

        Machinery and equipment           5 years
        Pipeline                          Useful life of related gas production,
                                          approximately 5 to 7 years

                                       13

<PAGE>


Item 1.  Financial Statements. (Continued)

                    MONUMENT RESOURCES, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (CONTINUED)

NOTE 7 -- STOCKHOLDERS' EQUITY

     The Company's amended Articles of Incorporation authorize the issuance of
1,000,000 shares of preferred stock with no par value. The preferred stock may
be issued from time to time with such designation, rights, preferences and
limitations as the Board of Directors may determine by resolution. As of June
30, 2001, no shares of preferred stock had been issued.

NOTE 8 -- STOCK OPTION PLANS

     During 2000, the Company adopted a new Stock Option Plan (the "2000 Plan").
The exercise price of the shares covered by options granted pursuant to the 2000
Plan may not be less than the fair market value of the common stock on the grant
date. Further, the exercise price shall not be less than 110% of the fair market
value of the common stock on the day of grant if the optionee owns 10% or more
of the Company's common stock. With respect to each individual option granted
under the 2000 Plan, the Board of Directors will determine separately the number
of shares, the option period, and the limitations which will apply to the
exercise of options. As of June 30, 2001, the Company had an aggregate of
750,000 common shares reserved for issuance under the 2000 Plan. Additionally,
as of June 30, 2001, options to purchase 450,000 common shares had been granted
to three board members, an employee and a consultant.

     The Company applies SFAS No. 123 in accounting for options granted to
consultants. Accordingly, the fair value of each option granted to the
consultant is estimated on the date of grant using the Black-Scholes
option-pricing model with the following weighted average assumptions: no
dividend yield, expected volatility of 100%, risk free interest rates of 8.5%
and expected lives of 5 years. Based on the model, $3,572 of compensation
expense was recorded at September 30, 2000 for the grant of options to the
consultant in conformity with SFAS No. 123 requirements.

                                       14

<PAGE>


Item 1.  Financial Statements. (Continued)

                    MONUMENT RESOURCES, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (CONTINUED)

NOTE 8 -- STOCK OPTION PLANS (CONTINUED)

         The following schedule summarizes information with respect to options
granted under the Company's equity plans:

                                            Number           Weighted Average
                                              of             Exercise Price of
                                            Shares           Shares Under Plans
                                            ------           ------------------

Outstanding June 30, 2000                  450,000               $   .15
Granted                                       --                      --
Exercised                                     --                      --
Forfeited or expensed                         --                      --
                                           -------               -------
Outstanding September 30, 2000             450,000                   .15
Granted                                       --                      --
Exercised                                     --                      --
Forfeited or expensed                         --                      --
                                           -------               -------
Outstanding June 30, 2001                  450,000               $   .15
                                           =======               =======

     The Company applies APB 25 in accounting for options granted to employees
and directors.

NOTE 9 -- SEGMENT INFORMATION

     The Company operates in three industry segments within the United States:
(1) oil and gas exploration and development, (2) mineral exploration and
development, and (3) gas transmission pipeline.

     Identified assets by industry are those assets that are used in the
Company's operations in each industry. Corporate assets are principally cash,
investment securities, furniture, and fixtures.

     During fiscal 1999, the Company adopted SFAS No. 131, "Disclosures about
Segments of an Enterprise and Related Information." The adoption of SFAS No. 131
requires the presentation of descriptive information about reportable segments
which is consistent with that made available to the management of the Company to
assess performance.

                                       15

<PAGE>


Item 1.  Financial Statements. (Continued)

                    MONUMENT RESOURCES, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (CONTINUED)

     The oil and gas segment derives its revenues from the sale of oil and gas.
The mining segment receives its revenues primarily from the sale of minerals and
precious metals and from time to time from the sale of a mineral venture that it
has originated. Corporate income is primarily derived from interest income on
funds held in money market accounts and the sale of securities. The pipeline
segment derives revenue from the sale of natural gas from the Company's gas
field in Leavenworth, Kansas.

     During the nine months ended June 30, 2001, there were no intersegment
revenues. The accounting policies applied by each segment are the same as those
used by the Company in general.

     Net sales to one customer of the gas transmission pipeline segment totaled
$454,001 or approximately 90% of revenues for the nine months ended June 30,
2001 and net sales to one customer of the oil and gas sales segment totaled
$21,784 or approximately 74% of revenues for the quarter.

     There have been no differences from the last annual report in the bases of
measuring segment profit or loss. There have been no material changes in the
amount of assets for any operating segment since the last annual report.

                                       16

<PAGE>
<TABLE>
<CAPTION>


Item 1.  Financial Statements. (Continued)

                            MONUMENT RESOURCES, INC. AND SUBSIDIARIES
                           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                           (CONTINUED)

NOTE 9 -- SEGMENT INFORMATION (CONTINUED)

For the Nine Months Ended June 30, 2001 and 2000 Segment information consists of
the following:

                         Oil and Gas       Pipeline        Mining       Corporate   Consolidated
                         -----------      -----------    -----------   -----------  ------------
Revenues
  <S>                    <C>                <C>            <C>           <C>        <C>
  2001                   $   252,116        298,798           --          20,444    $   571,358
  2000                       140,000        121,367           --          12,321        273,688

Income (Loss)
From Operations
  2001                   $   144,042        182,638           --        (110,828)    $   215,852
  2000                      (249,820)        25,173        (25,120)     (103,864)       (353,631)

Identifiable Assets
  2001                   $   672,323        221,068         59,520       694,104     $ 1,647,015
  2000                       727,969        218,131         92,718       368,951       1,407,769

Depreciation, Depletion
and Valuation Charged
to Identifiable Assets
  2001                   $    41,580         26,658           --           2,446     $    70,684
  2000                       303,783         24,652         25,120          --           353,555

Capital Expenditures
  2001                   $    11,694         29,089           --           2,671     $    43,454
  2000                         2,861           --             --            --             2,861



NOTE 10 -- OIL AND GAS ACTIVITIES

GALVAN RANCH PROPERTY, WEBB COUNTY, TEXAS

     The Company recorded a $245,000 write down of the undeveloped portion of
the property for the year ended September 30, 2000. This write down was due to
the failure of the property's operator to continue the leases on nearly 68,000
acres without proper notice to the Company and thus the Company was deprived of
the opportunity to develop these leases. In February 2001, the Company filed a
lawsuit in Federal Court in Texas against the former operator alleging breach of
contract and claiming damages. The Company is engaged in discovery and has
retained expert consultants to determine the nature and extent of the Company's
damages.

                                       17
</TABLE>

<PAGE>


Item 1.  Financial Statements. (Continued)

                    MONUMENT RESOURCES, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (CONTINUED)

NOTE 10 -- OIL AND GAS ACTIVITIES (CONTINUED)

KANSAS GAS PROJECT -- LEAVENWORTH COUNTY, KANSAS

     During the quarter ended June 30, 2001, the Company reevaluated a number of
its wells in the Leavenworth gas project. During the quarter ending September
30, 2001 the Company plans to re-complete from 4 to 6 wells in the upper and
lower McLouth formation. As past results have been positive, the Company
believes the new work should result in a moderate increase in gas volumes and
reserves. In late March 2001 there was a fire at a compressor site that totally
destroyed one of the Company's field compressors. The loss was covered by
insurance, but a number of production days were lost until a rental compressor
could be located and installed. The Company settled with the insurance company
and received $43,000 in damages. The Company did not sustain any material loss
due to this fire.

EAST VOSS OIL PROPERTY -- KNOX COUNTY, TEXAS

     The Company sold its interest in the East Voss property as of July 1, 1999.
On April 10, 2001, the purchasers of the property made the final renegotiated
cash payment of $12,500 which was originally due on December 31, 2000. In
addition, the Company received back royalties of approximately $5,600 it was due
for the East Voss property. The Company has the right to receive a 7 1/2%
overriding royalty on all future production from the property.

NOTE 11 - DEFERRED INSURANCE PROCEEDS

     As discussed in Note 10, the Company sustained fire damage to a field
compressor in late March 2001. Insurance proceeds of $43,000 have been recorded
as deferred in anticipation of replacing the equipment.

                                       18

<PAGE>


Item 2. Financial Statements

                    MONUMENT RESOURCES, INC. AND SUBSIDIARIES
                     MANAGEMENT'S DISCUSSION AND ANALYSIS OF
                  FINANCIAL CONDITION AND RESULTS OF OPERATIONS

LIQUIDITY AND CAPITAL RESOURCES

     As of June 30, 2001, the Company had a total of $115,935 in cash and
$618,663 in working capital compared to $78,831 in cash and working capital of
$358,531 at September 30, 2000. This represents an increase of $37,104 in cash
primarily due to the proceeds of a insurance settlement. The working capital
increase of $260,132 was the result of operating profits and insurance proceeds.

     During the balance of the fiscal year, the Company plans to invest a modest
amount of its working capital to recomplete a number of gas wells in the
Leavenworth, Kansas Gas Project. If successful, the recompletion of the gas
wells should generate an increase in cash flow and working capital in future
quarters.

     At the present time, the Company's primary source of cash for operations
and exploration is its current working capital, cash which can be raised by
selling shares held for investment or its investment in U.S. government treasury
securities and other corporate bonds and funds derived from its oil and gas
operations. Any inability of the Company to raise additional capital through
liquidation of its securities holdings or obtain third-party funding may limit
development of some of its properties. Although the Company may use joint
venture or equity funding to explore, acquire and, if warranted, develop its
properties, the natural resource business is nevertheless very capital intensive
and there is no assurance that the Company will be successful in securing the
required capital.

RESULTS OF OPERATIONS

     Revenue from oil and gas sales increased significantly for the nine months
ended June 30, 2001 from $140,000 for the nine months ended June 30, 2000 to
$252,116 for the nine months ended June 30, 2001, a $112,116 increase, or 80%.
This increase was due primarily to a major increase in the price the Company
received for its natural gas sales. Pipeline income also increased significantly
from $121,367, for the nine months ended June 30, 2000, to $298,798 for the nine
months ended June 30, 2001, an increase of $177,431, or 146%. This increase was
also due to the increase in price the Company received for its natural gas
sales. Interest income for the nine months ended June 30, 2001 increased from
$12,321 for the nine months ended June 30, 2000 to $20,444 for the nine months
ended June 30, 2001, or 66%, as a result of the large increase in bond
investments. The Company realized a gain of $4,432 on sale of securities for the
nine months ended June 30, 2001. Oil and gas operating expenses remained fairly
constant at $66,494 and $65,050 for the nine-month periods ending June 30, 2001
and June 30, 2000, respectively. The pipeline operating expenses increased from

                                       19

<PAGE>


Item 2. Financial Statements


                    MONUMENT RESOURCES, INC. AND SUBSIDIARIES
                     MANAGEMENT'S DISCUSSION AND ANALYSIS OF
                  FINANCIAL CONDITION AND RESULTS OF OPERATIONS
                                   (CONTINUED)

RESULTS OF OPERATIONS (CONTINUED)

$71,542 for the nine months ended June 30, 2000 to $85,068 for the nine months
ended June 30, 2001. This increase of $13,526, or 19%, was a result of increased
expenses relating to compressor rental and pipeline repairs.

     General and administrative expenses totaled $137,692 for the nine months
ended June 30, 2001, compared to $116,185 for the nine months ended June 30,
2000. The increase of $21,507, or 19%, is a result of increased consulting fees
and legal expenses related to the Galvin Ranch Property and the East Voss
Property litigations and to increased accounting and office staff expenses due
to the Company's expanded corporate activities.

                                       20

<PAGE>


                    MONUMENT RESOURCES, INC. AND SUBSIDIARIES
                          PART II -- OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS

         On February 13, 2001 the Company filed suit against RME Petroleum
         Company (formerly known as Union Pacific Resources Company) in Federal
         District Court for the Southern District of Texas. The Company alleged
         that RME unlawfully and without proper notice to the Company assigned
         and later relinquished leasehold rights to approximately 68,000 acres
         in southwest Texas known as the Galvan Ranch prospect. The Company
         believes that the relinquishment deprived it of a significant
         development opportunity and seeks damages from RME for its breach of
         contract. RME has filed a general denial and the case is being set for
         pre-trial motions, discovery and, if appropriate, trial.

ITEM 2.  CHANGES IN SECURITIES

         N/A

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES

         N/A

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

         N/A

ITEM 5.  OTHER INFORMATION

         N/A

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

         (a)      Reports on Form 8-K.  None.

                                       21

<PAGE>


                                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                            MONUMENT RESOURCES, INC.
                                            (Registrant)


Date:  August 13, 2001                      By:  A.G. Foust
                                               --------------------------------
                                                 A.G. Foust, President
                                                 (Chief Executive Officer,
                                                 Principal Financial and
                                                 Accounting Officer) and
                                                 a Director


                                       22