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EPIC: MON
Market: TSX-V:MON
52-week High/Low: C$0.49 / C$0.12
Sector: Mining
Market Cap: C$4.59M
Montero Mining & Exploration Ltd. (CVE:MON)

Montero Mining & Exploration Ltd.

Montero Mining & Exploration Ltd. is a mineral exploration and development company engaged in the identification, acquisition, evaluation and exploration of mineral properties in Africa.

Montero’s new strategy is focussed on the battery metals in Africa and is currently exploring the Soris Lithium Project in Namibia. Namibia is one of the most progressive mining investment countries in...

Montero Mining & Exploration Ltd.

www.monteromining.com

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Montero Mining & Exploration Ltd. Snapshot

Montero Mining & Exploration Ltd is a mineral exploration and development company focused primarily on the exploration, discovery and development of mineral properties in Africa. The Montero management team and Board of directors are experienced in gold, base metals, rare metals, industrial minerals and bulk commodities. Montero has discovered Rare Earth Elements ("REE") and phosphate deposits in Tanzania and South Africa. Primary assets are the Wigu Hill REE Property in Tanzania and the Duyker Eiland phosphate project in South Africa.

Montero is actively seeking to develop its new battery metals strategy by acquiring and evaluating new lithium and cobalt properties in Africa.

Montero Mining & Exploration aims to create value by utilising its Management and Board skills base by taking exploration properties up the value curve from discovery through feasibility and development. Montero with its new battery metals strategy and its current REE's and phosphates projects aims to create such value. The company has drilled discovery holes, developed NI43-101 compliant Resources and finalised Preliminary Economic Assessment to advance projects for sale or to mine development. Montero’s management will use its skills base and network in Africa to acquire other exploration and development projects through direct license application, joint venture or acquisition.

Montero Mining & Exploration is focused primarily on the exploration, discovery and development of mineral resources in Africa to create value for our shareholders and benefit all stakeholders. The company has a Rare Earth Element and a Phosphate project in geographically prospective and under-explored regions in Tanzania and South Africa, respectively.

The Company has recently embarked on a battery metals strategy and is actively engaged in the identification, acquisition, evaluation and exploration of lithium and cobalt mineral properties in Namibia, the DRC and Zambia.

The Soris Lithium Project (Namibia) - Located in central Namibia. The LCT pegmatites contain elevated values of lithium as spodumene with tantalum and tin. The Soris pegmatites were previously mined on a small scale for tin and tantalum (Diehl, 1992). The pegmatite has not previously been mined or systematically sampled or assayed for lithium. Montero has an option to acquire an immediate 80% interest in the Project whereby upon transfer of ownership will commit to spending C$1 million and completing a feasibility study within 3 years of transfer of the mining rights.

The Wigu Hill Rare Earth Project (Tanzania) - Montero's has an 82% interest in the Wigu Hill Property. Sampling, trenching and drilling has revealed high REE grades and metallurgically attractive ore for mineral processing. The strategy is to further explore and develop property with further investment via joint venture funding.

Montero also holds a 74% interest in a rock phosphate property in the Saldanha Bay area of South Africa. The Duyker Eiland property is exposed at surface and is 30km from the Saldanha Bay deep water port.

Montero aims to build a portfolio of value add mineral projects through application, exploration and acquisition and potentially bring such projects to production through joint venture or outright sale. Montero intends to operate in an environmentally and socially responsible manner while adding value to all our stakeholders and shareholders. We are respectful of local communities in which we operate.

Dr. Antony Harwood - President, CEO & Director

Tony 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 was the 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 1998 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 Executive Chairman of Universal Coal PLC, Director of Adamus Resources, Endeavour Mining, Auryx Gold Corp. (TSXV), East African Metals, African Gold Group, Tesoro Resources and Lappland Goldminers. 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).

Sheri Rempel - Acting CFO

 

Sheri has more than 30 years of accounting and financial management experience. Ms. Rempel started her career with public companies in 2001 and currently provides senior financial and advisory services to Canadian private and public corporations, acting in officer or controller capacities.

Mike Evans - Chief Geologist & Qualified Person

Mike has an MSc in Geology from Natal University, South Africa. He has over 38 years experience as a geologist including 26 years working with Phelps Dodge Corporation. Mike has worked in over 15 African countries where he has directed mineral target generation and on-site evaluation of properties. This included the establishment of exploration operations and the development of major exploration programs, as well as the management of feasibility studies on two major projects. Mike is a Qualified Person.

Nico Scholtz - Project Geologist & Qualified Person

Nico is a geologist with more than 15 years of experience in the style, genesis and occurrence of base and precious metals, rare and industrial minerals as well as nuclear fuels, precious stones and fossil fuels in varied geological settings. Nico obtained a M.Sc. degree (2003) in Geology at the University of the Free State, South Africa and was subsequently employed as lecturer and research geologist at the same University (2004 to 2006).  Nico has experience in managing multiple exploration programs in early and advanced stages as well as using multidisciplinary techniques in mineral exploration. He is proficient in using 2D as well as 3D mineral exploration software for target generation and Resource Estimation modeling. Nico is a Qualified Person.

Geoff Skelton - Consulting Metarllugist & Project Manager

Geoff is an Industry recognized SX hydro-metallurgist with over 30 years of experience in Base, Precious and Rare and Speciality Metals, hydrometallurgical plant design, construction and operations in South Africa and worldwide. Geoff graduated with a B.Sc. (Hons) Chemical Engineering from the University of Exeter, UK. He spent 21 years with Impala Platinum Refineries filling roles including General Manager and Project Manager where he was responsible for the metallurgical development of state of the art hydrometallurgical separations processes that are incorporated within Impala's Enhanced Precious Metals Refinery in Springs, South Africa.

Baldwin Lema - Country & Logistics Manager - Tanzania

Baldwin has over 30 years experience in Business Management & Administration. He graduated from the University of Dar es Salaam, Tanzania with BA in Economics and a Masters degree in Economic Policy & Planning from the  Institute of Social Studies, The Netherlands. Mr. Lema has worked with local and international companies in Tanzania including: Planning Manager with the National Bank of Commerce and Finance/Admin Manager with Tancan Mining Company. He has worked on a consulting basis with exploration and drilling companies such as Newmont Mining & Exploration, Resource Drilling Ltd, Twigg Gold Ltd and Spectral Geophysics Ltd.
 

 

 

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Montero Mining and Exploration Ltd.
Suite 1128 - 789 West Pender Street
Vancouver, BC
V6C 1H2

Tel: +1 416 840 9197
E-mail:  [email protected]

 

Montero Mining & Exploration Ltd. Timeline

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