Montero Mining And Exploration Ltd. · TSXV:MON
Montero Mining And Exploration — Investor Presentation (April 2012)
28 slides from Montero Mining And Exploration's investor presentation, April 2012
Slide 1: Rare Earths: Define, Develop, Refine
RARE EARTHS: Define Develop Refine TSX.V : MON
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 stat
Slide 3: Who we are
Who we are •Mining Resource at Wigu Hill, Tanzania FOCUS •Refining: rare earths for sale •Fast-track to STRATEGY production TSX.V : MON •Low cost producer TEAM •Experience in rare earths •Active in Africa >30yrs 3
Slide 4: Capital Structure
Capital Structure Listed on the TSX.V as MON February 2011 @ C$ 0.50 as at January 31, 2012 Shares Outstanding 54.7 Million Fully Diluted 71.4 Million Warrants 6.4M @ $0.70 /5.2M @ $0.80 52 week high/low C$ 0.89 / 0.18 Director and officers 11.5% Broker and Institutional Support: Haywood Securities
Slide 5: Management & Directors
Management & Directors Dr. Tony Harwood – President and CEO, Director Toni Chapman – Chief Financial Officer, Director • Economic geologist with 30 years of exploration • 20 years financial and administration experience and mining experience • Previous experience includes: former CFO - Tri Origin •
Slide 6: Increased demand for new sources of REEs globally
China produces 2011: China ~97% of RARE EARTHS REDUCES exports of Rare Earths INCREASED demand for new sources of REE’s globally 6
Slide 7: Rare Earths for a green energy economy
Rare Earths for a green energy economy UV Resistant & Optical Glass Why we Polishing Compounds Fertilizer need Rare Medical tracers Colourants & Sensors Earths CATALYSTS Processing of Chemicals • Sustainable Catalytic Convertors Gasoline Refining Processing Environment ELECTRONIC LCD Monitors / TV S
Slide 8: Africa's #1 REE Producer
STRATEGY - Define a road to Production DEFINE DEVELOP REFINE • World-class Wigu Hill • Target: mining • Target: Production of REE Project operation in 2013 saleable Rare Earth • NI 43-101 Compliant • Small-scale mine Products in 2013 Resource 3.3Mt @ • Annum production to • Hydrometallurgical 2.6% L
Slide 9: World Class Rare Earth Deposit: Wigu Hill
DEFINE Wigu Hill Rare Earth Project World Class • First identified in 1950’s as a high-grade deposit (USGS) Rare Earth • Large carbonatite complex (6.4km x 3.2km) Deposit • Bastnaesite mineralization – “Mountain Pass” look-a-like Values up to • Low uranium (avg. <5ppm) Low thorium (avg. <127ppm) 27.
Slide 10: Location and Infrastructure
DEFINE LOCATION • 170km from seaport India, Korea, Dar es Salaam Japan China • 12km from Tazara railway (rail siding) export Dar es INFRASTRUCTURE Salaam export • Tanzania, stable, mining friendly country South • Good Infrastructure, Africa rail, port, labour 10
Slide 11: Wigu Hill – Multiple Targets
DEFINE Wigu Hill – Multiple Targets 11
Slide 12: Wigu Hill – Mineralized Dikes
DEFINE Wigu Hill – Mineralized Dikes Target Mine Area 12
Slide 13: Wigu Hill Drilling
DEFINE Wigu Hill Drilling Drilling to • Drilling to define inferred resource = 2,224m (21 holes) - completed define a • Twiga infill drilling = 895m (17 holes) completed LARGER • Drilling at Tumbili and Nyati targets = 2,555m (11 holes) completed resource • 5,000m drilling program for Target 10Mt @
Slide 14: Mine
MINE High purity Bastnaesite concentrate Target Resource 10Mt@ 5%TREO • Bastnaesite Sales • Montero Refinery & REE Chemical Sales 14
Slide 15: Twiga Zone
DEVELOP Twiga Zone • Target Area for Mining Twiga Zone Operation – in 2013 • 3.3Mt Resource out on 2,225m shallow drilling at Twiga and Tembo Tembo Zone • 1000m in-fill drilling at 25m intervals completed • High-grade values up Borehole TW003R 20.76m @ 6.23% TREO to 27.25% TREO Incl. 4.03m @ 11.91%
Slide 16: Twiga Zone Resource looking North
Twiga Zone Resource looking North • Resource at Twiga Zone showing mineralized dikes • Target area for mine 16
Slide 17: Easy to Mine: Bastnaesite Mineralization
DEVELOP Bastnaesite Mineralization • Highly Mineralized • Surface Exposure • Course Texture • Un-weathered • Low U & Th ! EASY TO Carbonatite dikes MINE contain large REE bastnaesite bearing crystals 17
Slide 18: Experienced Mining Team
DEVELOP Experienced Mining Team Montero Turgis Build Expertise Expertise mine • Grant Pierce – • 35+ years mine known mine builder building in Africa • Michael Spratley – • Experienced in ex Anglo Gold designing and Target: mining engineer building mines Twiga Zone • 16+ years mine • Scoping study b
Slide 19: Focus: REE Refinery & Hydrometallurgy
REE REFINERY & HYDROMETALLURGY FOCUS To produce high quality RARE EARTH CHEMICAL PRODUCTS 19
Slide 20: Refinery Test work Objectives
REFINE Refinery Test work Objectives Develop • Develop and optimise a Refinery flow sheet with a capability in Mintek • Hydro metallurgical scoping RARE EARTH and optimisation studies • Develop saleable products extractive • Take advantage of the first to market opportunity Metallurgy & • Develop a
Slide 21: Experienced Refinery Team
REFINE Experienced Refinery Team Montero Mintek Rare Earth Expertise Expertise REFINERY • Geoff Skelton – known • >25yrs experience Refinery builder in REE’s Engaging Metallurgical design house • Richard Amata – former • Patented treatment MolyCorp Senior Chemist processes for REE • Mike Freeman pro
Slide 22: Mine to Refinery Flowsheet
REFINE Mine to Refinery Flowsheet MINE – Minerals Processing REFINERY – Hydro-metallurgical Process Route Bastnaesite Concentrate Leaching Refining Stage 1 Refining Stage 2 XRF sorting Solvent Extraction Screening Sales: Sales >99% Mixed REO & Ce, La, Pr, Nd, Cerium oxide mixed HREO’s Mining 5 -10%
Slide 23: Hydrometallurgical Flow Sheet
REFINE Hydrometallurgical Flow Sheet HCl NaOH HCl From Gang residue Caustic residue REE ReCl3 Mine LEACH LEACH LEACH solution Filtrate HCI recycle Filtrate NaOH recycle Purification Regeneration Regeneration Precipitation Sales: Mixed REO’s Cerium Oxide Calcine Separation Sales >99% La, Ce, Pr, Nd P
Slide 24: Samples of Saleable REE Products!
Samples of Saleable REE Products! 24
Slide 25: Target Refinery 5000t/yr
REFINERY TARGET 5000t/yr* Mixed RE Product *forward-looking statement based on targets 25
Slide 26: Development Plan & Milestones
Development Plan & Milestones ✓ Completed ✦ In Progress ✓ • NI 43-101 Resource Feasibility Study Mine Construction • Appointments • Resource Target • 60 to 70% interest • Bastnaesite conc. ✦ Scoping Study • EIA, mine & tailings • Drill Program production Complete dam site ✦ Updated Mining Resource M
Slide 27: Value Creation - Fast Track to production
Value Creation - Fast Track to production 15% Defined Resource PEA PFS DFS Construction Production Production Further Exploration drilling continues to Target *2013 Resource Target* 10% build resource 10Mt at 5% TREO Grade %TREO (increase tonnage) Zandkopsdrift Mountain Pass Mount Weld (Frontier) Be
Slide 28: Thank you
Thank you Montero Mining & Exploration Ltd. Registered and Records Office: 20 Adelaide St. E, Suite 400 1900-1040 West Georgia Street Toronto, ON M5C 2T6 Vancouver, B.C. V6E 4H3 +1 416 840 9197 [email protected] www.monteromining.com TSX.V : MON @MonteroMining << SCAN ME! - 3D Drill Tour of Wigu
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