Montero Mining And Exploration Ltd. · TSXV:MON
Montero Mining And Exploration — Investor Presentation (February 2013)
27 slides from Montero Mining And Exploration's investor presentation, February 2013
Slide 1: Rare Earths: Exploration, Mining and Refining
RARE EARTHS: Exploration, Mining and Refining 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: TSX.V : MON Rare Earths in Tanzania • Wigu Hill Project – World class REE deposit, high grade REE values, average 7% TREO (from surface samples) and up to 27.3% TREO • Very strong similarities to Molycorp's Mountain Pass. • Targeting LOW Opex and Capex with small mine early production* •
Slide 4: Management & Directors
Management & Directors Strong Board with Impressive Credentials 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 experi
Slide 5: Why a green economy needs Rare Earths
Why a green economy needs Rare Earths GENERAL • REE’s enable products to be smaller, more " UV Resistant & Optical Glass " Polishing Compounds efficient and more powerful. " Fertilizer " Medical tracers • No replacements, Environment Friendly " Colourants & Sensors • Boost Energy Efficiencies and En
Slide 6: Global Supply Shortage of REEs
Global Supply Shortage of REEs • China has 97% of worldwide REE production and reduced exports by 35% in 2011. China holds 59%, Russia 14%, USA 10% of world’s reserves of 99Mt. • In 2011 China announced the halt in production of 3 of its 8 major rare earth mines, responsible for 40% of China's total
Slide 7: Evolution of Market Distribution of REE Demand
Evolution of Market Distribution of REE Demand 400000 Other 350000 Ceramics Tonnes REE Demand Phosphors 300000 Glass Addi>ves 250000 Polishing Compounds 200000 Petroleum Refining 150000 Autocatalysts 100000 Metal Alloys BaFery Alloys 50000 Magnets 0 2010 2015 2020 2025 2030 2035 Year Source: Alonso e
Slide 8: Worldwide Distribution of REE Projects
Worldwide Distribution of REE Projects 8 TSX.V : MON
Slide 9: Key Factors for Development of a Successful Rare Earth Project
8 Key Factors for Development of a Successful Rare Earth Project ✓1. LOCATION – Mining business friendly ✓2. INFRASTRUCTURE – Railway / Deep water port ✓3. HIGH GRADE & SIZE POTENTIAL – Long life mine ✓4. SURFACE MINING – Low cost open pit ✓5. MINERALOGY – Principally Bastnaesite ✓6. METALLURGY – Si
Slide 10: Team focused on production
Team focused on production Michael Evans - Project Manager, Tanzania Baldwin Lema - Director & Logistics Manager, • 38 years experience as a geologist Tanzania • 26 years working with Phelps Dodge Corporation • 30 years experience in Business Management & • Worked in over 15 African countries Admini
Slide 11: Wigu Hill Rare Earth Project: World Class high-grade deposit
DEFINE Wigu Hill Rare Earth Project World Class high-grade deposit (USGS) • First identified in 1950’s as a Rare Earth (6.4km x 3.2km) • Large carbonatite complex Deposit • Bastnaesite mineralization – “Mountain Pass” look-a-like Values up to • Low uranium Low thorium 27.3% TREO Radioactive dose equ
Slide 12: Location and Infrastructure
DEFINE LOCATION • 170km from seaport India, Dar es Salaam Korea, Japan • 12km from Tazara China railway (rail siding) export INFRASTRUCTURE Dar es Salaam • Tanzania, stable, export mining friendly country • Good Infrastructure, South rail, port, labor Tazara Africa, America Railway 12 TSX.V : MON
Slide 13: Define Size Potential at Surface
DEFINE SIZE Potential at Surface 13 TSX.V : MON
Slide 14: Grade and Size: Mineralization
GRADE and SIZE : Mineralization Not Drilled Drilled Target Mine Area 14 TSX.V : MON
Slide 15: Early Mine - Twiga Zone
DEVELOP Early Mine - Twiga Zone • Target Area for Twiga Zone Mining Operation – in 2013 • 3.3Mt Resource out on 2,225m shallow Tembo Zone drilling at Twiga/ Tembo zones • 900m in-fill drilling at 25m intervals Borehole TW003R completed 20.76m @ 6.23% TREO Incl. 4.03m @ 11.91% TREO • High-grade value
Slide 16: Mine
MINE High purity Bastnaesite concentrate Target Resource 2013 10Mt@ 3-5%TREO • Bastnaesite Sales • Montero Refinery & REE Chemical Sales >20Mt potential* *forward looking statement based on targets. The potential quantity and grade is based on drilling completed to date. The potential quantity and g
Slide 17: Lower Nyati Drill Target
DEFINE Lower Nyati Drill Target • 10,000m drilling planned in 2013 • Lower Nyati Target Potential: 10Mt @ 3-5% TREO* • Potential other Targets: 20Mt @ 3-5% TREO* 17 TSX.V : MON *forward looking statement based on targets. The potential quantity and grade is based on drilling completed to date. The p
Slide 18: Lower Nyati Drill Target
DEFINE Lower Nyati Drill Target • Drillhole NYT005 • Consistent REE Mineralizatio n at depth • REE’s and Strontium 18 TSX.V : MON
Slide 19: Bastnaesite Mineralization
DEVELOP BASTNAESITE MINERALIZATION ü Highly Mineralized ü Surface Exposure ü Course Texture ü Un-weathered ü Low U & Th ! 19 TSX.V : MON Carbonatite dikes with large REE Bastnaesite bearing crystals
Slide 20: Developing Optimal Metallurgy/Refining Process
REFINE Developing Optimal Metallurgy/Refining Process • Mintek - South African global leader in metallurgical innovation. Expertise in REE’s • Montero - Experienced team of mine/refinery builders, with >20 yrs REE experience • Refinery Flow-sheet - Develop and optimise with Mintek • CAPEX and OPEX –
Slide 21: Operational Flowsheet
REFINE Operational Flowsheet Create Value from Mine to Saleable Chemicals MINE – Minerals Processing REFINERY – Hydro-metallurgical Process Route Bastnaesite Concentrate Leaching Refining Stage 1 Refining Stage 2 X-ray sorting & Solvent Extraction Flotation Screening Sales: Sales >99% Mixed REO & Ce
Slide 22: Proven Process Route!
Samples of Saleable REE Chemicals! WE HAVE DELIVERED ü Samples of Mixed RE Carbonate, Oxide and Hydroxide ü Samples of Cerium products ü MoU with Star Earth Minerals for supply of Rare Earths! ü Non-Binding Term Sheet with Strategic Investor PROVEN PROCESS ROUTE! 22 TSX.V : MON
Slide 23: Refinery Targets
Phase 1 REFINERY TARGET* 5000t/yr Mixed REE and Ce Products Phase 2 REFINERY TARGET 20,000t/yr * Individual Refined Products TSX.V : MON *forward looking statement based on targets. The potential quantity and grade is based on drilling completed to date. The potential quantity and grade is conceptua
Slide 24: Fast Track to REE Production
STRATEGY - Define a road to Production DEFINE DEVELOP REFINE • World-class : Wigu Hill • Target: mining • Target: Saleable Mixed REE Project operation in 2013 & Individual REE’s • NI 43-101 Compliant • EIA submitted • Hydrometallurgical Resource 3.3Mt @ Testwork – Mintek-SX • Mining License 2.6% LRE
Slide 25: Highlights and 2013 Milestones
Highlights and 2013 Milestones 2012 Highlights: • Evaluation of a large high grade REE bastnaesite carbonatite complex • Drilled Resource NI 43-101 REE resource with additional targets • Develop hydro-metallurgical refinery process with Mintek • Produced Rare Earth chemical products for marketing •
Slide 26: Capital Structure
Capital Structure TSX.V : MON Listed on the TSX.V as MON February 2011 @ C$ 0.50 as at 28 February, 2013 Shares Outstanding 71.0 M Fully Diluted 93.0 M 5.6M at 0.80c expiry 03Aug13 Warrants 11.7M at 0.25c expiry 18Jan15 Share Price C$0.09 52 Week - High/Low C$0.30 - 0.08 Director & Management 12.95%
Slide 27: Thank you
Thank you Montero Mining & Exploration Ltd. Tony Harwood, CEO 20 Adelaide St. E, Suite 400 Toronto, ON M5C 2T6 +1 416 840 9197/+27 11 616 0784 [email protected] www.monteromining.com TSX.V : MON @MonteroMining << SCAN ME! - 3D Drill Tour of Wigu Hill Rare Earth Project available for MonteroMining
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