Montero Mining And Exploration Ltd. · TSXV:MON
Montero Mining And Exploration — Investor Presentation (December 2010)
23 slides from Montero Mining And Exploration's investor presentation, December 2010
Slide 1: Rare Earths: Keys to a Energy Economy
RARE EARTHS KEYS TOA ENERGY ECONOMY MINING Focus on Exploration for Rare Earth Elements & associated minerals December 2010 www. monteromining.com
Slide 2: Disclaimer
Disclaimer This presentation contains certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical fact, that address events or developments that Montero expects to occur, are forward-looking statements. Forward-looking state
Slide 3: Company Background
Company Background Management active in Africa mining sector for over 26 years • Ex-Placer Dome and Phelps Dodge team Montero Mining and Exploration Ltd. established in 2007 • Privately funded to date • Focused on rare earth elements, uranium and phosphate Wigu Hill - Flagship REE project in Tanzani
Slide 4: China dominates REE production
China dominates REE production China control > 97% of global REE supply Bayan Obo mine, China, world‟s largest REE resource (bastnaesite mineralisation)) Chinese impose 30% export tariff to attract end user manufacturers to China Chinese REE industry consolidation Chinese delay export of rare earths
Slide 5: REO price increases in 2010
REO price increases in 2010 Rare Earth Oxides - Prices over 8 month period Price $/kg $80.00 $70.00 $73.50 $71.00 $60.00 $50.00 $40.00 $40.50 $30.00 $26.75 $34.50 $37.00 $20.00 $25.75 $10.00 $- m $5.55 iu m m dy iu eo $4.50 m N m dy nu Oct '10 eo $4.15 ha as m nt July '10 Pr iu La ar May '10 m m Sa
Slide 6: Flagship REE Property
Flagship REE Property Wigu Hill, Tanzania Large carbonatite complex Bastnaesite rich REE mineralisation in sheeted dykes Historic sample grades of 12.7% to 16.3% TREO with average of 14.5% TREO from trenching and pitting grab samples (1957) 2010 Montero sample grades of up to 26.2% TREO from grab sa
Slide 7: Wigu Hill Project Location
Wigu Hill Project Location Uranium Licence Wigu Hill Licences - 142 km² Dar es Salaam 6
Slide 8: Wigu Hill Project
Wigu Hill Project Ownership 60% ownership with option to increase to 100% with Tanzanian JV partner Deposit type and grades Large carbonatite complex (6.4km x 3.2km) intruded by sheeted high grade bastnaesite bearing dykes First identified in 1957, sampled by junior mining companies, the UN, bilater
Slide 9: Wigu Hill - Topography
Wigu Hill - Topography Wigu Hill Carbonatite Complex 8
Slide 10: Wigu Hill Exploration
Wigu Hill Exploration REE Carbonatite dyke Wigu Hill Geologists on site Wigu Hill Trenching & Sampling Road Building 9
Slide 11: Wigu Hill - Rare Earth Targets
Wigu Hill - Rare Earth Targets N Drill Target 1 2009/2010 Mapping and sampling program (trenching grab samples) defined 10 target areas 10
Slide 12: Wigu Hill Sampling Results
Wigu Hill Sampling Results Total Rare Earth Oxide (TREO) 226 regional grab samples collected from trenches and assayed in 2010: Most enriched has 26.2% TRE2O3 REE mineralogy simple: mostly in coarse bastnaesite 11
Slide 13: Drill Target 1: Geology & Sampling
Drill Target 1: Geology & Sampling Drill Target 1 - Detailed mapping, trenching and channel-sampling N completed: 350m x 450m area exposed Detailed geology mapping 39 channels cut across mineralised zone using portable rock saws Continuous samples taken along channels at ~0.5-1m intervals (constrain
Slide 14: Wigu Hill Mineralogy
Wigu Hill Mineralogy Simple REE Mineralogy predominantly: Bastnaesite and Synchisite • LREE* (CO3) F • Ca LREE* (CO3)2 F • Density: 4.7 to 5.0 • Density: 3.9 to 4.0 • Hardness: 4 to 4.5 • Hardness: 4 to 4.5 • Occur as course crystalline aggregates intergrown with barite, strontianite & Fe-dolomite;
Slide 15: Wigu Hill: Photograph of mineralisation
Wigu Hill: Photograph of mineralisation Bastnaesite+Synchisite (white) Mg-Fe carbonate (dark brown) 14
Slide 16: Wigu Hill - A High Grade Undeveloped REE Deposit
Wigu Hill - A High Grade Undeveloped REE Deposit Grade Size Deposit (% RE2O3) (tonnes RE2O3) Mount Weld 11.2% 1,700,000 Mountain Pass 8.9% 1,800,000 Wigu Hill >10%* Unknown Bayan Obo 6% 48,000,000 Mrima Hill 5% 300,000 Nolan‟s Bore 4% 400,000 * Average of regional grab samples at Wigu Hill compared
Slide 17: Uranium Exploration properties in Quebec, Canada - 100% Ownership
Uranium Exploration properties in Quebec, Canada - 100% Ownership Lac Yvonne Project Mapping/Sampling/Radiometric Survey N 6 Short Drill holes in 1957 0.08% U3O8 and 3 g/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 samplin
Slide 18: Option agreement to acquire 74% interest in phosphate deposits in South Africa
Option agreement to acquire 74% interest to develop 4 phosphate deposits in South Africa: 4 Prospecting licenses - approximate size 14,600 Ha Historical resource base of approximately 90 Mt All open pit resources with historical mining Located within 10 - 70km from export port and/or fertilizer prod
Slide 19: Project Locations
Project Locations Duyker Eiland, Phillips Kraal and Lamberts Bay Projects: Lamberts Bay Project 150 to 200km north of Cape Town 10 - 70km from Saldanha Bay deep-water harbor, Western Cape Close to Western Cape Agricultural Nodes (wheat, wine) Bierkraal Project: 120km west of Johannesburg, within Bie
Slide 20: Use of Proceeds - 2010/2011
Use of Proceeds - 2010/2011 Wigu Hill exploration program objectives: Submit trench and channel samples for assay Diamond drill program to delineate a resource on Target 1 Mineralogical and metallurgical test work Map and channel sample 2-3 additional targets Develop additional drill targets $ 1.5 m
Slide 21: Capital Structure
Capital Structure Shares as at November 18, 2010 (million) Shares issued* 34.4 Stock options 2.2 Warrants 2.1 Total – Fully diluted 38.7 Director and Officers 16.9% * Currently 139 Shareholders IPO Offering – 8 million Units for gross proceeds of $4 million (1 share at $0.50 and ½ warrant at $0.70 v
Slide 22: Management & Directors
Management & Directors Dr. Tony Harwood – President and Chief Executive Officer – Director Tony Harwood is an economic geologist with 30 years of exploration & mining experience and graduated from University of Wales, College Cardiff, with a B.Sc. (Honours) degree and Ph.D. in Economic Geology. He w
Slide 23: Thank you
Thank you Montero Mining & Exploration Ltd. Registered and Records Office: 1900-1040 West Georgia Street Vancouver, B.C. V6E 4H3 www.monteromining .com Dr Tony Harwood tharwood@monteromining.com 22
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