Montero Mining And Exploration Ltd. · TSXV:MON
Montero Mining And Exploration — Investor Presentation (July 2018)
34 slides from Montero Mining And Exploration's investor presentation, July 2018
Slide 1: Exploring Battery Metals in Namibia
TSX.V: MON Exploring Battery Metals in Namibia July 2018 Corporate Presentation
Slide 2: Disclaimer
Disclaimer This presentation contains certain statements that may be deemed “forward-looking statements”. All statements in this presentation, other than statements of historical fact, that address events or developments that Montero expects to occur, are forward-looking statements. "Forward-looking
Slide 3: About Montero
About Montero ▪ TSX Venture-listed (TSX.V:MON) African-focused exploration company ▪ Exploring for Battery Minerals and Metals: Lithium, Tantalum & Tin ▪ Target Lithium Exploitation Resources “We are aiming to build a portfolio of projects • Soris Project: 10Mt @1.0% Li2O with Ta & Sn with commercia
Slide 4: Management, Discovery and Development Team
Management, Discovery and Development Team DR. TONY HARWOOD MICHAEL EVANS GEOFF SKELTON NICO SCHOLTZ President & CEO, Director Chief Geologist & QP Metallurgist & Chemical Engineer Project Geologist & QP ▪ Economic geologist ▪ Geologist with 38 years ▪ 30 years of experience in: ▪ Geologist based in
Slide 5: Board of Directors
Board of Directors ▪ Economic geologist DR. TONY HARWOOD ▪ 30 years of exploration and mining experience President & CEO, Director ▪ Previous experience includes: President and CEO of Africo Resources Ltd., Executive Chairman Universal Coal PLC; VP Global Generative Exploration, Placer Dome Inc., no
Slide 6: Battery Boom
Battery Boom Global battery manufacturing capacity is set to double by 2021 300 250 200 Gigawatt Hours 58% 150 100 40% 50 24% v 0 2016 2017 2018 2019 2020 2021 2022 2023 2024 Electric Vehicles Personal Electronics Consumer and grid-scale storage Source: Bloomberg New Energy Finance 6 TSX.V:MON
Slide 7: Lithium is Essential to Battery Production
Lithium is Essential to Battery Production There are many elements that play pertinent roles in the manufacturing of batteries: lithium, cobalt, nickel, tantalum, tin and more. Montero aims to look for opportunities to acquire projects with minerals across the battery spectrum to create a true batte
Slide 8: Montero is Targeting Lithium Bearing Pegmatites
Montero is Targeting Lithium Bearing Pegmatites Lithium Production 2017 Spodumene is the most sought after lithium mineral Lithium-bearing Lithium Content Mineral Name Chemical Formula Pegmatites (Li2O %) Spodumene LiAlSi₂O₆ 8.0 Lepidolite K2 (Li,Al)5-6{Si6-7,Al2-1O20} (OH,F)4 3.0 – 7.7 Hard rock Br
Slide 9: Namibia: a Tier-One Jurisdiction in Africa
Namibia: a Tier-One Jurisdiction in Africa ▪ Strong mining history, favourable for battery metals exploration ▪ Significant mineral endowment with major mines discovered and in operation: ▪ Otjikoto Gold Mine: recent investment of $244M and operated by B2Gold ▪ Swakup Uranium’s Husab Mine: recent in
Slide 10: Target Geology LCT Pegmatites
Target Geology LCT Pegmatites Lithium-Cesium-Tantalum (LCT) Pegmatites ▪ Uis, Soris & EPL6162 projects secured in central Namibia ▪ Four belts of LCT-Type Pegmatite fields ▪ Previously mined for tin-tantalum and lithium ▪ Connected to Walvis Bay Port by road UIS EPL 6162 Highly Prospective Geology f
Slide 11: Soris Lithium-Tantalum-Tin Project
Soris Lithium-Tantalum-Tin Project 11 TSX.V:MON
Slide 12: Soris Project Overview
Soris Project Overview ▪ High-grade lithium project with surface grab and channel samples rich in spodumene showing average grades of Northern Working No Drilling 1.37% Li2O NAMIBIA ▪ Option to acquire an 80% interest * South ▪ Pegmatites outcrop between 100m up to Atlantic Ocean 470m over a distanc
Slide 13: Soris Project – Previous Mining & Exploration
Soris Project – Previous Mining & Exploration 1960 to 1990 The Soris pegmatites were mined on small scale for tin and tantalum with an estimated total production of 4 to 5 tonnes tantalite concentrate grading 54% to 61% Ta2O5 and about 4 tonnes of cassiterite concentrate grading 64% SnO2 (Diehl, 199
Slide 14: Soris Project - Sampling Results
Soris Project - Sampling Results ▪ Grab Samples ▪ Lithium content from 0.07 to 5.32 % Li2O and averages 1.37% Li2O ▪ Channel Samples ▪ Average grade 0.76% Li2O, values up to 3.66 % Li2O, 14m at 1.93% Li2O ▪ Mineralogy and Metallurgy – appears to be mainly spodumene occurring as large coarse crystals
Slide 15: Soris 3-D Main Working Drilling Distribution
Soris 3-D Main Working Drilling - Showing Li2O, Tin and Tantalum Distribution 3-D Tin (SnO2) Distribution 3-D Tantalum (Ta2O5) Distribution 3-D Lithium (Li2O) Distribution 15 TSX.V:MON
Slide 16: Soris Lithium Project Path to Production in 2019
Soris Lithium Project Path to Production in 2019 Q3 2018 Q3 2018 Q1 2019 Q4 2019 Drilling program Initiate Complete Commence target production starts feasibility study feasibility study 120,000t/y spodumene 6% concentrate 428t/y cassiterite concentrate 48t/y tantalite concentrate CATALYSTS PRODUCTIO
Slide 17: Uis Lithium-Tin Tailings Project
Uis Lithium-Tin Tailings Project 17 TSX.V:MON
Slide 18: Uis Project Overview
Uis Project Overview ▪ Located in central Namibia near the town of Uis, 220 km north of Walvis Bay, Namibia’s largest commercial deep-water port and connected by dirt and asphalt road to the port. ▪ The Uis tin mine operated for over 50 years before ceasing production in the 1980s and did not exploi
Slide 19: Uis Tailings Project – Resource Target
Uis Tailings Project – Resource Target 15Mt Sand & 5Mt Slimes Sand Tailings Dump Resource Target ▪ Mineralization is on 15Mt @0.4% Li2O & surface 400-500 ppm SnO2 Slimes Tailings Dump Resource Target ▪ Quick path to 4-5Mt @0.5% Li2O & production 500-600ppm SnO2 Uis Tailings sand and slimes Map showi
Slide 20: Uis Lithium Tailings Project Path to Production in 2019
Uis Lithium Tailings Project Path to Production in 2019 Q3 2018 Q3 2018 Q4 2018 Q3-4 2019 Mineralogy & Initiate Complete Commence production Metallurgical feasibility feasibility target production results study study 36,000t/y spodumene 5% Li2O conc 30t/y cassiterite concentrate CATALYSTS PRODUCTION
Slide 21: EPL 6162 Lithium Project
EPL 6162 Lithium Project 21 TSX.V:MON
Slide 22: EPL 6162 – Located North of Previous Lithium Mine
EPL 6162 – Located North of Previous Lithium Mine ▪ EPL 6162 80-20% deal* by Gold & copper committing to feasibility in 3 years mineralization on with local owner. EPL 6162 ▪ License area 10,540 hectares Osino Ressources ▪ Favourable geological setting (near Karibib Marbles) ▪ Known but under invest
Slide 23: EPL 6162 Project Exploration Timeline
EPL 6162 Project Exploration Timeline Q3 2018 Q4 2018 Grab sampling targets Delineate and quantify any possible lithium, tantalum and tin mineralization and any gold or copper mineralization on the license. CATALYSTS Q3 2018 Reconnaissance geological mapping and sampling to identify the Q4 2018 size
Slide 24: Upcoming Corporate Catalysts to Production
Upcoming Corporate Catalysts to Production Q3 2018 Q3 2018 Q1-2 2019 Q4 2019 – Q1 2020 Soris - 3,000m drill program Soris - Initiate feasibility Soris - Complete Soris - Commence for initial compliant resource study & metallurgical feasibility study & lithium-tantalum-tin Initial metallurgical testw
Slide 25: TSX.V: MON
TSX.V: MON TSX.V: MON Dr. Tony Harwood, CEO Montero Mining & Exploration Ltd. monteromining.com
Slide 26: Appendix
Appendix 26 TSX.V:MON
Slide 27: Soris Project – Assaying RC Drill Results
Soris Project – Assaying RC Drill Results From To Width in Lithium 1 Tantalum 2 Tin 3 From To width in Lithium 1 Tantalum 2 Tin 3 Drill hole Drill hole (m) (m) metres Li2O % Ta2O5 ppm SnO2 ppm (m) (m) metres Li2O % Ta2O5 ppm SnO2 ppm DRRC004 0 6 6 1.01 210 1234 DRRC017 16 18 2 1.43 254 1203 12 14 2
Slide 28: Spodumene Concentrate Prices
Spodumene Concentrate Prices Spodumene concentrate prices forecast vary (US$/Tonne) 600 558 550 533 525 517 500 Price in USD as per metric tonne 400 300 200 100 0 2016 2017 2018 2019 2020 Description Altura Floor Neometals Price Tawana Price Galaxy Price Altura Ceiling Selling Price (US$dmt FOB) - 6
Slide 29: Battery Technologies by Chemistry: The Importance of Lithium
Battery Technologies by Chemistry: The Importance of Lithium Key performance metrics of cathode chemistries Cathode level metrics Cost Energy density Cycle life Ni content Material Description Safety USD/kWh kWh/kg times kg/kWh LCO Mostly used in consumer electronics. Low Low 0.58 1,500-2,000 0 (LiC
Slide 30: Lithium Demand by Application
Lithium Demand by Application Annual Global Electric Vehicle Sales are Forecast to hit 24.4M by 2030 Non-Battery Demand Batteries (traditional E-Bikes E-Bikes markets) 600 534 U.S. China Japan Germany U.K. France Rest of Europe Rest of World 498 500 464 427 392 400 312 359 LCE Kt 300 277 238 209 200
Slide 31: EPL 5718 – Acquisition Opportunity - Location
EPL 5718 – Acquisition Opportunity - Location 31 TSX.V:MON
Slide 32: EPL 5718 – Acquisition Opportunity
EPL 5718 – Acquisition Opportunity Deal Terms ▪ $30,000 cash on execution of agreement (after 2 month legal and technical due diligence) ▪ Formation of a Newco with 85/15% shareholding with local partner carried to Feasibility Study ▪ $100,000 cash once transfer of EPL to Newco has occurred ▪ $100,0
Slide 33: Soris Process
Soris Process - ORE BIN TAILINGS PRIMARY SPODUMENE CONDITIONING CONCENTRATE CRUSHERS & TIN DMS SECONDARY SCREENING MIDDLINGS CRUSHERS 33 TSX.V:MON
Slide 34: Soris Process – Crushing and DMS Plant
Soris Process – Crushing and DMS Plant: 200 tonnes per hour 34 TSX.V:MON
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