Phosphates & Rare Earths

Montero Mining and Exploration Ltd. is a mineral exploration and development company engaged in the identification, acquisition, evaluation and exploration of mineral properties in Africa. Montero currently has a Rare Earth Elements (REE) project in Tanzania and Phosphate Projects in South Africa.

Montero's Wigu Hill Rare Earth Element Project in Tanzania, is a high-grade Light Rare Earth Element rich carbonatite deposi. This was a Montero discovery having put the first drill hole into the deposit and determining a resource and completed metallurgical testwork. Montero has a fast-track strategy to advance the deposit to mining and production stage producing a rare earth mineral concentrate. Montero has produced samples of saleable Rare Earth oxide and hydroxide products and has demonstrated a hydrochemical process route. The project is currently under care and maintenance due to the low rare earth prices and the Tanzanian Ministry of Mines has awarded the company a Retention License over the area of the deposit.

Rare Earth Elements (REEs) - a group of 15 metals are critical in the advancement and development of emerging "green" technologies and high-tech applications. China largely controls rare earth prices as it is the dominant producer of REE's. The rest of the world is required to develop new rare earth resources of supply to meet the increasing demand from “green” technology and high-tech applications. Montero has an experienced Board and Management team that has built and operated mines and refineries in Africa which brings significant credibility to Montero's strategy of becoming a rare earth producer.

The phosphate project consists of two Prospecting Rights, namely Duyker Eiland and Phillips Kraal, and are located in the Western Cape Province, South Africa (see maps on left sidebar). The most advanced is the Duyker Eiland project located 30 kilometers north of the Port of Saldanha Bay. Exploration drilling has been undertaken on Duyker Eiland and Phillips Kraal and a resource has been defined on the Duyker Eiland deposit and a NI43-101 compliant resource and PEA report has been compiled by independent consultants, AMEC Earth & Environmental Services and Turgis Engineering Consultants, respectfully.

Montero has been focused on attracting a strategic investor for the development of both the Wigu Hill REE project and the phosphate projects through joint venture and project specific funding. Montero has attracted feasibility project funding for the phosphate projects in South Africa and is attracting similar interest for the Wigu Hill REE project in Tanzania. Montero operates in an environmentally and socially responsible manner, bringing value to all our stakeholders. Montero trades on the TSX Venture under the symbol MON.

Highlights

  • Montero Signs Definitive Agreement With Strategic Investor to Develop Phosphate Rock Properties and Fertilizer Plant in Saldanha Bay, South Africa (see News page)
  • Montero Revises High-Grade REE Resource in the Twiga Zone to 0.47 Million Tonnes Averaging 5.2% LREO5 at the Wigu Hill Rare Earth Project, and receives Environmental Impact Assessment Certificate for the Wigu Hill Rare Earth Project in Tanzania (see News page)
  • Produced samples of saleable Rare Earth Products for marketing purposes including a Mixed Rare Earth Carbonate, Oxide, Hydroxide and Cerium products. (see news release 05/03/12) and MoU signed with Star Earth Minerals (see news release 20/03/12) and "Strategic Investor" (see news release 16/11/12)
  • Initial NI 43-101 Resource Estimate on 2 of 10 drill targets (see news release 12/09/11) at our flagship Wigu Hill Project in Tanzania which hosts high TREO grades and enriched in La, Ce and Nd - key metals in the Green Energy Economy.
  • Initial Inferred Mineral Resource of 32.8 M tonnes grading 7.15% P2O5, capable of producing an acid-grade phosphate concentrate of 33% P2O5 to 35% P2O5 at the Duyker Eiland Project in South Africa. (see news release 14/12/11) and a positive Preliminary Economic Assesment.
  • Experienced management team with over 30 years of working in Africa
  • Social responsibility and environmental stewardship corporate cornerstones - See CSR Page
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