Montero Mining And Exploration Ltd. · TSXV:MON
Montero Mining And Exploration — Investor Presentation (June 2009)
31 slides from Montero Mining And Exploration's investor presentation, June 2009
Slide 1: Montero Mining & Exploration Ltd.
Montero Mining & Exploration Ltd. June 2009 Exploration for Rare Earth’s, Uranium and Phosphate
Slide 2: Disclaimer
Disclaimer This presentation contains “forward-looking statements”. These forward-looking statements are made as of the date of this presentation and Montero Mining & Exploration Ltd. does not intent, and does not assume any obligation, to update these forward-looking statements. Forward-looking sta
Slide 3: Wigu Hill Project - Tanzania
Wigu Hill Project - Tanzania Highest Grade Rare Earth Project in Africa Historic grades of 12.7 to 16.5 % REE Montero Sampling 17.45% REE (Neodymium = 1.72%, Lanthanum = 6.55%, Cerium = 8.55%) Uranium and Phosphate potential
Slide 4: Wigu Hill Project
Wigu Hill Project MME’s Uranium Licence Rare Earths Uranium Phosphate PL’s - 142 km²
Slide 5: Wigu Hill Overview
Wigu Hill Overview • Location: 200km west of Dar es Salaam. • Close to main line railway (12km), Zambia to Dar es Salaam TAZARA • Good access all year round. • Located 35km from the town of Morogoro for all facilities. Project Area • Mountain Pass look alike, historic producer in California, USA • C
Slide 6: Wigu Hill Due Diligence – 2007/8
Wigu Hill Due Diligence – 2007/8 Host Carbonatite dykes. • Strike over 700m with an average width of 1.5m. • Historic Grades of 12.7% to 16.5% REE • In 2008, 30 grab samples from outcrop and 52 scintilometer readings were taken. • Results of bastnasite rich sample returned 5.66% TREEO. Result of BGS
Slide 7: Carbonatite dyke outcrop with bastnasite zones
Carbonatite dyke outcrop with bastnasite zones containing the LREE (Light Rare Earth Elements)
Slide 8: Wigu Hill Historical data
Wigu Hill Historical data Results from 1957 - 4 samples taken from main bastnasite dyke (40m): • Max value: 18.6% REEs incl. 7.5% Ce • Average: 8.0% REE’s incl. 2.4% Ce Results from 1973 sampling: Max values: 5.0% neodymium 1.1% praseodymium 0.5% samarium 785ppm gadolinium * 385ppm europium * Result
Slide 9: What are Rare Earth Elements
What are Rare Earth Elements Light REE: La = Lanthanum Ce = Cerium Pr = Praseodymiurr Nd = Neodymium Sm = Samarium & Heavy REE: Eu = Europium Gd = Gadolinium Tb = Terbium Dy = Dysprosium ois eee Ho = Holmium ( i Er = Erbium eu Ga Tb D Hoter Yb Wu Tm = Thulium Yb = Ytterbium Lu = Lutetium Y = Yttrium
Slide 10: Rare Earth Element Prices
Rare Earth Element Prices Metal Oxide Principal Uses Price US$/kg Lanthanum Oxide 99% min Re-chargeable Batteries 5.40 – 5.90 Cerium Oxide 99% min Catalyst, glass, polishing 4.50 – 4.60 Praseodymium Oxide 99% min Magnets, glass colourant 14.00 – 14.50 Neodymium Oxide 99% min Magnets, lasers, glass 1
Slide 11: China Dominates REE Production
China Dominates REE Production • China produces >95% global REE • China imposing export quotas &tariffs on REE • Demand for new sources of supply • Prices of REE will remain high • Japan reliant supplies from China • Estimated 25% of new technology use REE’s
Slide 12: Price Trends: Europium & Yttrium Oxide
Price Trends: Europium & Yttrium Oxide Source: Metal-Pages.com based on FOB China
Slide 13: Why Invest in Montero?
Why Invest in Montero? Best 2007/8 Results in Africa for a Phase 1 Uranium Exploration Project 505 ppm U3O8 + 7.51% P2O5 over 34.5 metres
Slide 14: African Uranium Projects
African Uranium Projects Tonnes Grade % Contained M Cutoff Grade Project Location Host Rock Capex M$ Project Status Company Comments (Millions) U3O8 lbs U3O8 % U3O8 Langer Paladin M&I Namibia 37.1 0.06 48.9 0.025 Calcrete 92.0 Production Heinrich Energy Ltd. Resource Forsys Bankable M&I Valencia Nam
Slide 15: Tanzanian Uranium Projects
Tanzanian Uranium Projects Uranium Minjingu Phosphate* PL- 172 km² *Active phosphate mine within licence The full licence of 172km2 is in dispute with the Ministry of Mines
Slide 16: Minjingu Licence Overview
Minjingu Licence Overview • Focus on Tanzania • Local company started - February 2007 • Raised C$1.8M - April 2007 • Drilling commenced - June 2007 • Defined significant U and P targets Minjingu Project overveiw • 18 RAB holes • Ready to advance to resource • Planned - 3,000m RC programme • C$1.0M b
Slide 17: Minjingu Licence Historical
Historical Uranium Exploration - 1978 Minjingu Licence • Uranerzbergbau GmbH began uranium Historical exploration in 1978. • Work included:- Airborne Radiometric Survey, ground radiometrics, grab sampling, mapping and 270m of trenching. • Values range from 170 to 6,000 cps (Hard Phosphate) and from
Slide 18: Minjingu Uranium Project
Minjingu Uranium Project Northern Tanzania 100% Ownership Radiometric Anomaly Ground Radiometic Survey anomaly defined during 2007 field season • Area defined 3km x 4 km @ > 500cps (~ 3 x background) • Program confirms location of main radiometric anomaly from historic German data generated in 1978
Slide 19: Minjingu Uranium Project: 2007 RAB Drilling Results
Minjingu Uranium Project 2007 RAB Drilling Results Drill Hole # From To Width U U3O8 P2O5% (m) (m) (m) ppm ppm MW02 11.50 16.00 4.50 172.0 203.0 0.18 MW08 56.50 61.00 4.50 111.0 131.0 1.30 MW10 38.50 43.00 4.50 121.0 142.7 0.86 MW11 0.00 6.20 6.20 7.0 - 2.55 MW13 0.00 6.00 6.00 7.0 - 1.31 MW14 43.00
Slide 20: Minjingu 2007
Minjingu 2007 Target Zone for 2009 Drill Programme RAB Drilling Results Phosphate Mining Licence RAB Drill hole Ground Scintillometer Survey (cps) Contours @ 200 cps Anomalous RAB hole
Slide 21: Tanzania
Tanzania Additional Licences 100% Ownership Iringa District Granite-pegmatite hosted Uranium Liwale District Sandstone hosted – Rollfront Uranium
Slide 22: Quebec, Canada
Quebec, Canada Lac Yvonne Project 100% Ownership Mapping/Sampling/Radiometric Survey • 6 Short Drillholes in 1957. • 0.08% U3O8 and 3 g/t/t gold over 4 feet. • 0.30% U3O8 and 3 g/t gold over 4 feet. Girard Claims Project • Ground radiometric survey. • Outcrop rock chip sampling. • Channel sampling o
Slide 23: Girard Claims Project 2007 Exploration Results
Girard Claims Project 2007 Exploration Results Program Completed • Ground radiometric survey. • Outcrop rock chip sampling. • Channel sampling of zones >100ppm U. Radiometric plot with Points over 1000CPS CPS • Ridge Anomaly - >100ppm U over 600 x 40m. Fault Drill target defined. North Beraud Lake A
Slide 24: Lac Yvonne Project
Lac Yvonne Project Historic exploration includes: • Mapping, sampling and 6 short (Winky – BQ core) holes. • Drilled to a maximum depth of 25 metres. • Drillholes averaged 3g/t gold. 2 holes drilled on Lac Yvonne claims: Lac Yvonne Project Historic Results from Diamond Drillholes: #2:- 0.08% U3O8 ov
Slide 25: Proposed Budget Jul’09 to Jun’10
Proposed Budget Jul’09 to Jun’10 Q3. Q4. 2009 Q1. Q2. TOTAL ($‘000) TOTAL 2009 2009 TOTAL 2010 2010 to Jun’10 QUEBEC Claim Management 5 5 10 10 Exploration work 10 130 140 35 35 175 TANZANIA Claim Management 5 10 15 15 Exploration Work 75 75 150 200 200 350 Property Payments 45 45 35 35 80 Corporate
Slide 26: Proposed Exploration Program – Phase 1
Proposed Exploration Program – Phase 1 Wigu Hill: • Mapping and Rock Chip sampling of the Main Carbonitite Ring Dyke System – 6 x 2km² • Definition of Drill targets • Drillroad building allowing access to new outcrops • Drill mineralised zones with grade and tonnage estimates Girard Claims: • Mappin
Slide 27: Share Structure
Share Structure Shares Shares issued 13,035,000 Stock options 1,050,000 Total – Fully Diluted 14,085,000 Liabilities converted to shares at $0.20c 2,350,000 Proposed financing at $0.20c 3,750,000 Total 20,185,000
Slide 28: Financing 2009 Program
Financing 2009 Program • Required C$750,000 • Focus on Wigu Hill exploration drill program • Reinstate Minjingu Licence • Maintain all other properties in good standing • Maintain low overhead structure – Management to take shares instead of salaries – Property owners to take shares for payments – A
Slide 29: Management and Directors
Management and Directors Dr. Antony Harwood – President/CEO – Director Economic geologist with 30 years international exploration and mining experience. Former President and CEO – Africo Resources Ltd. Former Vice President for Global Generative and Africa-Eurasia Exploration – Placer Dome Inc. Dire
Slide 30: SRK Consulting (UK) Ltd valuation letter
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Slide 31: SRK Consulting (UK) Ltd valuation letter
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