Montero Mining and Exploration
Montero Mining and Exploration Limited is a mineral exploration and development company with a Rare Earth project in Tanzania, uranium assets in Tanzania and Quebec, Canada and phosphate assets in South Africa. The company is focused on the development of our flagship Wigu Hill Rare Earth Element Project in Tanzania. The Wigu Hill project is a high grade undeveloped Light Rare Earth Element deposit where the company’s current focus is on reporting an initial NI 43-101 compliant resource on the first two of ten drill target areas tested to date. With the rising prices of REE’s and China's control over export quotas, it is becoming imperative that the rest of the world develops new rare earth resources to meet the increasing demand from “green” technology. Montero’s growth strategy is to develop the Wigu Hill Rare Earth Element project and to bring this to account by eventual rare earth production and cash flow. Montero plans to operate in an environmentally and socially responsible manner, adding value to all stakeholders. Montero trades on the TSX Venture Exchange under the symbol MON.
Presentations & Company Media
18/04/2012
Corporate presentation (Presentation)18/04/2012
Fact Sheet (Presentation)27/03/2012
Montero - Rare Earths: Define, Develop, Refine (Presentation)
Related Research & Media
No documents available.
Company Statement:
Montero Mining and Exploration Ltd. Is a mineral exploration and development company engaged in its flagship Rare Earth Elements (REE) Project Wigu Hill in Tanzania and has phosphate assets in South Africa and uranium assets in Tanzania and Quebec, Canada.
We remain focussed on the development of our flagship Wigu Hill Rare Earth Element Project in Tanzania, which is a high-grade, undeveloped Light Rare Earth Element deposit. The Company’s current focus is on updating our initial NI 43-101 compliant resource and advancing the hydro-metallurgical testwork with Mintek. Montero has a fast-track strategy to advance a portion of the Wigu Hill deposit to the mining and production stage in the short-term. Montero recently produced samples of saleable Rare Earth products, proving an effective process route, and signed a MoU with Star Earth Minerals. (see news page)
Rare Earth Elements (REEs) - a group of 15 metals are critical in the advancement and development of emerging "green" technologies and high-tech applications. With the rising prices of REE’s and China's dominance over supply and control over export quotas, it is becoming imperative that the rest of the world develops new rare earth resources to meet the increasing demand from “green” technology.
Montero’s growth strategy is to develop the Wigu Hill Rare Earth Element project and to bring this to account by eventual rare earth production and cash flow. Montero plans to operate in an environmentally and socially responsible manner, adding value to all stakeholders. Montero has 52M shares outstanding and trades on the TSX Venture Exchange under the symbol MON.
Current Operations:
Montero Mining & Exploration is focused primarily on the exploration, discovery and development of grass-roots Rare Earth Elements (“REE”), phosphate and uranium deposits in geographically prospective under-explored regions in Tanzania, South Africa and Canada. The Company is actively engaged in the identification, acquisition, evaluation and exploration of mineral properties, and holds exploration licences on properties in Canada and in Tanzania.
Montero's primary asset is its 60% interest in the Wigu Hill Property in Tanzania. Sampling from the Wigu Hill Property has revealed high REE grades from the Property, and Montero's growth strategy is to explore and develop the Wigu Hill Property. Montero also holds interests in two other licences in Tanzania, two properties in Quebec, and a phosphate exploration property in South Africa.
Montero aims to build a portfolio of REE projects through application, acquisition and exploration and to potentially bring such projects to eventual production and intends to operate in an environmentally and socially responsible manner adding value to all stakeholders.
Wigu Hill REE Project, Tanzania
- • Initial NI 43-101 Resource Estimate on 2 (Twiga and Tembo) of 10 drill targets (3.3Mt @ 2.6% LREO5 including 510k @ 4.4% LREO5 (see news release 12/09/2011) 2,225m drilled down to 150m depth
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• Advanced in the metallurgical work with Mintek, South Africa and produced first samples of Rare Earth saleable products (see news release 05/03/2012)
- • Drilling completed at Tumbili target, trenching and sampling complete at Nyati target
- • In-fill Drilling program complete at Twiga Zone to add to initial resource estimate
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• Further drilling planned for Nyati to define a larger resource
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• Scoping study underway at Wigu Hill
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• Developments and Milestones set out for target to fast-track to production
Girard Claim Area, Quebec
The Girard Claim area is 100% owned by Montero
Location
The Girard Claim located 33 km south of Cadillac town which lies within the Abitibi-Temiscamingue region, in south-west Quebec province. The license area is accessible via Highway 117 and all weather roads access through the centre of the license block. The terrain is partially covered by glacial till and is undulating with temperate forest.
Lac-Yvonne Claim Area, Quebec
The Lac Yvonne claim area is located in the Bressani Township in south-western Quebec. Historic data indicate uranium and gold showings along granite/pegmatite-greywacke/iron formation sheared contacts.
Location
The Lac Yvonne claim area is located approximately 100 km south of Chibougamau in the Bressani Township, in south-west Quebec province.
Phosphate Projects, South Africa
Location
The Phosco project covers four phosphate exploration projects in South Africa, namely Duyker Eiland, Phillips Kraal, and Lamberts Bay in the Western Cape; and Bierkraal in the Northwest Province (see maps on left sidebar). Exploration drilling has been completed on Duyker Eiland and Phillips Kraal. Resource definition on Duyker Eiland has been completed and an NI43-101 compliant resource report has been compiled by an independent consultant, AMEC.
The most advanced project, Duyker Eiland, is located 30 kilometers north of the Port of Saldanha, in the Western Cape Province of South Africa.
For more information CLICK HERE
Management
Dr. Antony Harwood - President & CEO & Director
Dr. Harwood is an economic geologist with 30 years of international exploration and mining experience and graduated from University of Wales, College Cardiff, with a B.Sc. (Honours) degree and Ph.D in Economic Geology. Dr. Harwood was appointed President and Chief Executive Officer of Montero Mining & Exploration in June, 2009. Between 2006 and 2009, Dr. Harwood held the position of President and Chief Executive Officer of Africo Resources Ltd., a Canadian company engaged in exploring, acquiring and developing base metal and gold assets in Africa. Between 2000 and 2006, Dr. Harwood served as a Vice President of Placer Dome Inc., a major Canadian gold mining company. Other professional credits include positions as a Director of Endeavour Mining and Auryx Gold Corp. and former founder and MD of Harwood International Ltd., a geological consulting company. Dr. Harwood additionally held a position as a lecturer - University of Wales, Cardiff (UK), University of Natal and University of Durban (South Africa).
Toni Chapman - CFO, Corporate Secretary & Director
Toni Chapman has 20 years financial and administration financial experience in Africa for South African and Canadian companies and has a Management Advanced program diploma from the University of Witwatersrand, South Africa. She is currently CFO - Oryx Mining and Exploration Ltd., and other professional edits include the former CFO - Tri Origin Exploration Ltd., a consultant to Placer Dome, South Africa and former Business Administrator Director for Bastillion Group of Companies.
Grant Pierce - Country Manager - Tanzania
Grant is a mining engineer with over 20 years of experience in both open-pit and underground mining. He has a Bachelor of Engineering (Mining) degree from the Ballarat College of Advanced Education and a Diploma of Engineering in Mining Engineering from the Royal Melbourne Institute of Technology in Australia. Previous experience includes roles as Operations Manager for Resolute Mining Ltd.’s Golden Pride Project, the first major gold mine in Tanzania; Executive General Manager for Barrick Gold Corporation in Tanzania; Country Manager for Africo Resources Ltd. in the Democratic Republic of Congo, General Manager of Albidon Ltd.’s Munali Nickel Mine and more recently, General Manager Operations for Perseus Mining Ltd. in Ghana bringing the new Edikan Gold mine into production.
Michael Evans - Project Manager - Wigu Hill, Tanzania
Patrick Cullen - Project Manager - Phosco
Patrick has 16 years of experience as a geologist and graduated with a BSc (Honours) Geology from the University of Portsmouth and an MBA (with a specialisation in Project Management) from the University of Southern Queensland. He began his career in the oil industry with Schlumberger and moved to the Witswatersrand goldfields with AngloGold in 1997. Since 2003 he has worked as a independent consultant in a number of commodities, including platinum exploration. For the past 5 years he has been focused on uranium exploration across southern Africa, and held the position of Exploration Manager for Australian listed African Energy Resources. Patrick has most recently been managing exploration and resource definition on South African phosphates.
Richelle Chapman - IR Communications, Canada
Richelle obtained a Bachelor of Design (Specialized Honours) Degree from York University / Sheridan College in Toronto, Canada. She has years of experience serving the mining & exploration industry creating external communication materials, which include websites, presentations, annual reports and promotional print collateral. Clients past and present include: Soltoro Ltd., Gossan Resources Ltd., Excalibur Resources Ltd., Tri Origin Exploration, and Xmet Inc. Richelle is pleased to fill the role of IR Communications for Montero Mining & Exploration.
Dr. Harwood is an economic geologist with 30 years of international exploration and mining experience and graduated from University of Wales, College Cardiff, with a B.Sc. (Honours) degree and Ph.D in Economic Geology. Dr. Harwood was appointed President and Chief Executive Officer of Montero Mining & Exploration in June, 2009. Between 2006 and 2009, Dr. Harwood held the position of President and Chief Executive Officer of Africo Resources Ltd., a Canadian company engaged in exploring, acquiring and developing base metal and gold assets in Africa. Between 2000 and 2006, Dr. Harwood served as a Vice President of Placer Dome Inc., a major Canadian gold mining company. Other professional credits include positions as a Director of Endeavour Mining and Auryx Gold Corp. and former founder and MD of Harwood International Ltd., a geological consulting company. Dr. Harwood additionally held a position as a lecturer - University of Wales, Cardiff (UK), University of Natal and University of Durban (South Africa).
Toni Chapman - CFO, Corporate Secretary & Director
Toni Chapman has 20 years financial and administration financial experience in Africa for South African and Canadian companies and has a Management Advanced program diploma from the University of Witwatersrand, South Africa. She is currently CFO - Oryx Mining and Exploration Ltd., and other professional edits include the former CFO - Tri Origin Exploration Ltd., a consultant to Placer Dome, South Africa and former Business Administrator Director for Bastillion Group of Companies.
Grant Pierce - Country Manager - Tanzania
Grant is a mining engineer with over 20 years of experience in both open-pit and underground mining. He has a Bachelor of Engineering (Mining) degree from the Ballarat College of Advanced Education and a Diploma of Engineering in Mining Engineering from the Royal Melbourne Institute of Technology in Australia. Previous experience includes roles as Operations Manager for Resolute Mining Ltd.’s Golden Pride Project, the first major gold mine in Tanzania; Executive General Manager for Barrick Gold Corporation in Tanzania; Country Manager for Africo Resources Ltd. in the Democratic Republic of Congo, General Manager of Albidon Ltd.’s Munali Nickel Mine and more recently, General Manager Operations for Perseus Mining Ltd. in Ghana bringing the new Edikan Gold mine into production.
Michael Evans - Project Manager - Wigu Hill, Tanzania
Patrick Cullen - Project Manager - Phosco
Patrick has 16 years of experience as a geologist and graduated with a BSc (Honours) Geology from the University of Portsmouth and an MBA (with a specialisation in Project Management) from the University of Southern Queensland. He began his career in the oil industry with Schlumberger and moved to the Witswatersrand goldfields with AngloGold in 1997. Since 2003 he has worked as a independent consultant in a number of commodities, including platinum exploration. For the past 5 years he has been focused on uranium exploration across southern Africa, and held the position of Exploration Manager for Australian listed African Energy Resources. Patrick has most recently been managing exploration and resource definition on South African phosphates.
Richelle Chapman - IR Communications, Canada
Richelle obtained a Bachelor of Design (Specialized Honours) Degree from York University / Sheridan College in Toronto, Canada. She has years of experience serving the mining & exploration industry creating external communication materials, which include websites, presentations, annual reports and promotional print collateral. Clients past and present include: Soltoro Ltd., Gossan Resources Ltd., Excalibur Resources Ltd., Tri Origin Exploration, and Xmet Inc. Richelle is pleased to fill the role of IR Communications for Montero Mining & Exploration.
Major Shareholders
Stock Exchange: Toronto Venture Exchange
Stock Symbol: TSX.V : MON
Shares Issued: 54,687,063
Options Issued: 5.130,000
Warrants: 6.4 M @ $0.70 expiry
33% 10/11/12, 67% on 10/02/13
5.2M @ $0.80 expiry 03/11/13
Fully Diluted: 71.4 M
Contact Information
Montero Mining & Exploration
Suite 400, 20 Adelaide St. East
Toronto, ON
M5C 2T6
Tel: +1 416 840 9197
Fax: +1 866 688 4671
Email: ir @ monteromining.com
Corporate Information
Renmark Financial Communications Inc.
Peter Mahzari : pmahzari@renmarkfinancial.com
Arash Shahi: ashahi@renmarkfinancial.com
Tel.: (514) 939-3989 or (416) 644-2020
www.renmarkfinancial.com
