Investment Conferences


RARE EARTHS, SPECIALITY
& MINOR METALS
INVESTMENT SUMMIT
                 3.20 – 3.45
           ...
March 2010
Disclaimer


 This presentation contains “forward-looking statements”.

 These forward-looking statements are made as of t...
What are Rare Earth Elements?



 Rare Earth Elements are a collection of 17 chemical
 elements on the periodic table, mai...
What are the Rare Earth Elements? 

                                     Light REE:
                                     L...
Rare Earth Applications

                                Key for
  Electronic Applications    Green Energy
               ...
Key for Green Energy Economy

       REE’s extraordinary expanding uses have named them the “catalysts for high
       tec...
Key for Green Energy Economy


 REE’s are the building blocks and foundations for new materials technologies that are requ...
China Dominates REE Production


  China produces > 97% of g
          p                   global
  REE supply
  Bayan Obo...
Global Rare Earths Market




   Does not factor-in estimated new technology growth by 50% in 2015
   2010 is forecast to ...
Global Rare Earths Market


                                Global                             China
  2010 Demand        ...
Rare Earth Element Prices

                                                % Global
Light Rare Earths                     ...
Wigu Hill Project - Tanzania
          Highest Grade “Rare Earth” Project in Africa
                   g
          Histori...
Wigu Hill Project Location


                              MME’s
                             Uranium
                    ...
Wigu Hill Overview


                               Location: 200km west of Dar es Salaam
                               1...
Wigu Hill

                      Wigu Hill




            REE Carbonatite dyke
Wigu Hill Historical data


                            1957 - 4 samples taken from
                            main bastn...
Carbonatite Dyke Outcrop With Bastnasite Zones
Containing the LREE (Light Rare Earth Elements)
2009 ‐ 2010 Exploration Program


 Exploration program to define drill targets involving:

   Detailed geological mapping
...
Wigu Hill – 2009 Geological Map




 Basement gneiss

                       Fenitised gneiss




                        ...
Wigu Hill ‐ 2009 Sampling




                                  Soil



Results of 2009 Sampling in red          1 km
Wigu Hill – Sampling Results


                          >200 regional grab samples
                                  i   ...
Wigu Hill Rare Earth Elements


 Enriched in LREE:
  − La+Ce+Nd >85%
  − HREE (Eu-Lu) 0.85%
         (     )
 Growth in “g...
Wigu Hill ‐ Drill Targets

                                                            Mbuga / soil
   1 kilometre
       ...
Wigu Hill REE Mineralogy

  Mineralogy - Simple:
   - Predominantly Bastnasite:
      • LREE* (CO3) F
      • Density: 4.7...
Wigu Hill: Ore Zone




Bastnasite (white)
Mg-Fe carbonate (dark brown)
Wigu Hill – A High Grade 
Undeveloped REE Deposit

                                     Grade                   Size
     ...
Uranium Exploration Projects




Tanzania and Quebec, Canada
Quebec, Canada ‐ 100% Ownership

Lac Yvonne Project
Mapping/Sampling/Radiometric Survey
  6 Short Drill holes in 1957
  0....
Phosphate Exploration Projects




         South Africa
Phosphate in South Africa 


 Montero has an option to acquire and develop five phosphate
 deposits in South Africa:


   ...
Project Locations


                                 Saldanha & Lamberts Bay Projects:
Lamberts
                          ...
Share Structure



                             Shares


    Shares i
    Sh     issued
                d           25,215...
Proposed 2010 Financing


  Required C$6,000,000
  Wigu Hill drill program to
  determine a resource
  Advance phosphate p...
Management and Directors

                  Dr. Antony Harwood - President/CEO - Director
                    Economic geo...
Montero Mining & Exploration Ltd

        Registered and Records Office:
        1900-1040 West Georgia Street
          V...
Upcoming SlideShare
Loading in …5
×

Objective Capital Rare Earth and Minor Metals Investment Summit: Developing a high grade rare earth deposit in Tanzania - Tony Harwood

2,838 views

Published on

Objective Capital Rare Earths, Speciality and Minor Metals Investment Summit
Focus on rare earths projects around the world
Developing a high grade rare earth deposit in Tanzania
18 March 2010
by Dr Tony Harwood, Montero Mining

Published in: Economy & Finance
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
2,838
On SlideShare
0
From Embeds
0
Number of Embeds
283
Actions
Shares
0
Downloads
63
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Objective Capital Rare Earth and Minor Metals Investment Summit: Developing a high grade rare earth deposit in Tanzania - Tony Harwood

  1. 1. Investment Conferences RARE EARTHS, SPECIALITY & MINOR METALS INVESTMENT SUMMIT 3.20 – 3.45 Focus on rare earths projects around the world Developing a high grade rare earth deposit in Tanzania Dr Tony Harwood – CEO, Montero Mining THE LONDON CHAMBER OF COMMERCE AND INDUSTRY ● THURSDAY, 18 MARCH 2010 www.ObjectiveCapitalConferences.com
  2. 2. March 2010
  3. 3. 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 statements include, but are not limited to, statements with respect to the timing and amount of estimated future exploration, success of exploration activities, expenditure, permitting and requirements for additional capital and access to data. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related p y g , g , to actual results of the current exploration activities; changes in project parameters as plans continue to be refined; the ability to enter into Joint Ventures or to acquire or dispose of property interests; future prices of mineral resources; accidents; labour disputes and other risks of the mining industry; ability to obtain financing; and delays in obtaining governmental approvals.
  4. 4. What are Rare Earth Elements? Rare Earth Elements are a collection of 17 chemical elements on the periodic table, mainly Scandium (Sc), Yttrium (Y) and the 15 lanthanoids lanthanoids. Light Rare Earths include the elements; La, Ce, Pr, Nd, Pm and Sm. Heavy Rare Earths include the elements; Eu, Gd, Tb, Dy, Ho, Er, Tm, Yb, and Lu, these are the most valuable. The phrase "rare earth" arises from the rare earth metals from which they were first isolated in the late 18th Century.
  5. 5. What are the Rare Earth Elements?  Light REE: La: Lanthanum Ce: Cerium Pr: Praseodymium Nd: Neodymium Pm: Promethium Sm: Samarium Heavy REE: y Eu: Europium Gd: Gadolinium Tb: Terbium Dy: Dysprosium Ho: Holmium Er: Erbium Tm: Thulium Yb: Ytterbium Lu: Lutetium
  6. 6. Rare Earth Applications Key for Electronic Applications Green Energy Energy  LCD Monitors Economy MRI machines TV Screens Green Energy Applications Fiber Optics Solar Panels Lasers Wind Turbines Rare LED lighting NiMH batteries Earths Other Applications UV Resistant Glass Polishing Compo nds Compounds Magnetic Applications Fertilizer Power Generation Medical tracers Catalysts Hybrid Car motors and automotive parts Colourants & Sensors Processing of Chemicals MP3 Player earbuds Optical Glass p Catalytic Convertors Hard Disk Drives Fluorescent Lighting Gasoline Refining Magnetic Applications for appliances Processing
  7. 7. Key for Green Energy Economy REE’s extraordinary expanding uses have named them the “catalysts for high tech-living” with their unique magnetic, fluorescent and chemical properties. REE’s are critical to 21st Century technological progress & environmentally sustainable development. Higher profile applications include: neodymium high-strength magnets - used in powerful compact motors for electric and hybrid cars High efficiency energy saving light bulbs, gasoline refining processing MRI machines in hospitals, TV and computer screens Hybrid Electric Hybrid NiMH Battery Motor & Generator REE’s play an instrumental role in Hybrid technology Hybrid cars contain approximately 30kgs of REE’s
  8. 8. Key for Green Energy Economy REE’s are the building blocks and foundations for new materials technologies that are required g g q to sustain today’s modern society. Making solar panels more efficient Magnetic applications f M ti li ti from MP3 player ear b d t h d di k d i l buds to hard disk drives New materials creating in thin micro films and high strength magnets Renewable energy applications: solar power, wind turbines Increased energy efficiency in electrical motors LED lighting motors, lighting, rechargeable batteries, LCD monitors and many consumer electronics
  9. 9. China Dominates REE Production China produces > 97% of g p global REE supply Bayan Obo mine, China, world’s largest REE resource China imposed export quotas and tariffs on REE’s Japan is totally reliant on China for supplies Source: http://pubs.usgs.gov/fs/2002/fs087-02/ y Can the West rely on a singleg foreign source of supply of this strategic commodity?
  10. 10. Global Rare Earths Market Does not factor-in estimated new technology growth by 50% in 2015 2010 is forecast to see the growth of new high technology application and inventory restocking 2010 could be start of a Global REE scarcity
  11. 11. Global Rare Earths Market Global China 2010 Demand 140,000 tonnes 100,000 - 130,000 tonnes 2014 Forecast 200,000 200 000 tonnes 120,000 120 000 tonnes Producing Capabilities 160,000 tonnes1 Export Quotas Reducing by 6-7% Demand 25% of ALL new technology require REE’s Current Mine Supply No REE’s in 15 years 1 only if existing projects are still operational 2010 could see demand start to outstrip supply with the increasing use of new technology
  12. 12. Rare Earth Element Prices % Global Light Rare Earths Principal Uses Price US$/kg Demand 2012 Lanthanum Oxide 28.4 Re-chargeable Batteries 5.30 – 5.80 Cerium Oxide 36.6 Catalyst, glass, polishing 3.90 – 4.40 Praseodymium Oxide 3.7 37 Magnets, Magnets glass colourant 25.50 26.00 25 50 – 26 00 Neodymium Oxide 20.5 Magnets, lasers, glass 26.50 – 27.00 Samarium Oxide 1.1 Magnets, lighting, lasers 4.25 – 4.75 Heavy R H Rare E th Earths Principal U P i i l Uses Price US$/k P i US$/kg Europium Oxide 0.6 TV colour phosphors: red 470.00 – 490.00 Terbium Oxide 0.3 Phosphors: green, magnets 420.00 – 440.00 Dysprosium Oxide 1.3 Magnets, lasers 130.00 – 135.00 Gadolinium Oxide 0.1 Magnets, superconductors 7.40 – 7.90 Yttrium Oxide1 6.8 Phosphors, ceramics, lasers 10.00 – 10.50 All Light and Heavy Rare Earths - 99% min except 1 Yttrium Oxide - 99.999% min Source: Metal-Pages.com, February 26, 2010. Prices are indicated and basis FOB China
  13. 13. Wigu Hill Project - Tanzania Highest Grade “Rare Earth” Project in Africa g Historic grades of 12.7% to 16.5% REO 2009 Montero Sampling up to 26.2% REO (Neodymium = 2.63%, Lanthanum = 9.06%, Cerium = 13.1% Gd = 1384ppm, Eu = 279ppm, Dy = 463ppm) Uranium and Phosphate potential
  14. 14. Wigu Hill Project Location MME’s Uranium Licence Rare Earths + Phosphate PL’s - 142 km²
  15. 15. Wigu Hill Overview Location: 200km west of Dar es Salaam 12km to the TAZARA main line railway Good road access all year round 35km from major town – Morogoro Wigu Hill Project: Mountain Pass equivalent ( q (historic p producer in California, USA) , ) Carbonatite dykes in a 6.4km x 3.2km complex Average historic grades 14.5% TREO JV to acquire 70% contribution/dilution to a NSR with buy out terms 70%, buy-out
  16. 16. Wigu Hill Wigu Hill REE Carbonatite dyke
  17. 17. Wigu Hill Historical data 1957 - 4 samples taken from main bastnasite dyke (40m): 18.6% REE’s incl. 7.5% Ce Average: 8% REE’s, 2.4% Ce 1973 - sampling: 5.0% Nd; 1.1% Pr; 0.5% Sm; 785ppm Gd; 385ppm Eu 2000 - lower dyke sampling: Max values: 15% REE
  18. 18. Carbonatite Dyke Outcrop With Bastnasite Zones Containing the LREE (Light Rare Earth Elements)
  19. 19. 2009 ‐ 2010 Exploration Program Exploration program to define drill targets involving: Detailed geological mapping Scintillometer survey Sampling program completed (over 220 samples) • REE and multi-element analysis • Mineralogical analysis Road building to drill identified targets f Detailed channel sampling of major dyke bodies Location, mapping and sampling of additional d k L ti i d li f dditi l dykes
  20. 20. Wigu Hill – 2009 Geological Map Basement gneiss Fenitised gneiss Soil Mbuga
  21. 21. Wigu Hill ‐ 2009 Sampling Soil Results of 2009 Sampling in red 1 km
  22. 22. Wigu Hill – Sampling Results >200 regional grab samples i l b l assayed: − 109 samples have >1% TRE2O3 average 7.4% TRE2O3 − 59 samples have >5% TRE2O3 average 11.4% TRE2O3 Most enriched has 26.2% TRE2O3 REE mineralogy simple: mostly in coarse bastnasite
  23. 23. Wigu Hill Rare Earth Elements Enriched in LREE: − La+Ce+Nd >85% − HREE (Eu-Lu) 0.85% ( ) Growth in “green energy” has greatly increased demand for Nd, La & Ce: − 300kg Nd in 1MW wind turbine t bi − Toyota Prius battery: 10-15kg La+Ce
  24. 24. Wigu Hill ‐ Drill Targets Mbuga / soil 1 kilometre Carbonatite Fenitised Gneiss 7.8 – 15.3% REO Gneiss 11.5% REO 3.5-6.9% REO 4.7-16.9% REO 6.9-26.2% REO 7.5-14.5% REO 2.5 – 18.8% REO 5.7-13.9% REO % O 5.7 - 22.6% REO 13% REO Mgeta R
  25. 25. Wigu Hill REE Mineralogy Mineralogy - Simple: - Predominantly Bastnasite: • LREE* (CO3) F • Density: 4.7 5.0; Hardness: 4 4.5 4 7-5 0; 4-4 5 - Occurs as coarse crystalline aggregates replacing earlier hexagonal mineral - Mi Minor P i i Parisite: • Ca LREE2 (CO3)3 F2 y ; • Density: 4.2-4.3; Hardness 4-5 Metallurgy - Simple to produce concentrate - Gravity (ore >4.7 compared to gangue <2.7) - Flotation * Wigu: 85% La+Ce+Pr+Nd; La/Nd=3
  26. 26. Wigu Hill: Ore Zone Bastnasite (white) Mg-Fe carbonate (dark brown)
  27. 27. Wigu Hill – A High Grade  Undeveloped REE Deposit Grade Size Deposit D it (% RE2O3) (tonnes RE2O3) Mount Weld 11.2% 1,700,000 Mountain Pass 8.9% 1,800,000 Wigu Hill 7.4%* ??? Bayan Obo 6% 48,000,000 Mrima Hill 5% 300,000 Nolan’s Bore 4% 400,000 * Average of regional grab samples, not all from orebody: likely to be a minimum Source of deposit data: SB Castor & JB Hedrick
  28. 28. Uranium Exploration Projects Tanzania and Quebec, Canada
  29. 29. Quebec, Canada ‐ 100% Ownership Lac Yvonne Project Mapping/Sampling/Radiometric Survey 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 sampling Ch Channel sampling of zones >100 l li f >100ppm U Ridge Anomaly - >100ppm U over 600 x 40m Drill target defined LDZ Anomaly - >100ppm U over 300 x 200m Drill target d fi d D ill t t defined North Beraud Lake Anomaly – - Anomalous area covers 1600 x 250m - Infill sampling program - July 2009 NI 43-101 report completed – SRK Consulting
  30. 30. Phosphate Exploration Projects South Africa
  31. 31. Phosphate in South Africa  Montero has an option to acquire and develop five phosphate deposits in South Africa: The total size of the properties is approximately 14,600 Ha The combined historical resource base of 90 Mt Open pit resources Located within 10 to 20km from e port port and/or fertili er ithin export fertilizer producer with infrastructure on site
  32. 32. Project Locations Saldanha & Lamberts Bay Projects: Lamberts 150 to 200km north of Cape Town Bay Project 10 to 70km from Saldanha Bay deep water harbour, deep-water harbour Western Cape Close to Western Cape Agricultural Nodes (wheat, wine) Bierkraal Project: 120km west of Johannesburg, within the Rustenburg platinum mining node Bierkraal Project 20km from Omnia’s phosphate chemical production complex situated at Phokeng, North West Province g Saldanha Projects
  33. 33. Share Structure Shares Shares i Sh issued d 25,215,676 25 215 676 Stock options p 2,275,000 Total – Fully diluted 27,490,676 Management holding 24.4%
  34. 34. Proposed 2010 Financing Required C$6,000,000 Wigu Hill drill program to determine a resource Advance phosphate properties to determine a resource Acquire additional high quality REE, Uranium and Phosphate projects
  35. 35. Management and Directors Dr. Antony Harwood - President/CEO - Director Economic geologist with 30 y g g years international exploration and mining experience. p g p Former President and CEO – Africo Resources Ltd. Former Vice President for Global Generative and Africa-Eurasia Exploration – Placer Dome Inc. Director of Adamus Resources and Lappland Goldminers AB. Former founder and MD of Harwood International Ltd., a geological consulting company. Former lecturer - University of Wales, Cardiff (UK), University of Natal + University of Durban (South Africa). PhD - Geology – 1984 and BSc (Hons) - 1979 cum laude. Toni Chapman - CFO - Director Greg Hall - Director (New Director on Board) 15 years financial and administration financial Seasoned geologist with over 35 years of experience in Africa for South African and international experience. C di Canadian companies.i Former Chief Geologist - Placer Dome GroupGroup. CFO for Oryx Mining and Exploration Ltd. Over the course of his illustrious career, Mr. Hall had a senior role in the discoveries of both Barrick Former CFO - Tri Origin Exploration Ltd. Gold's Granny Smith mine and Rio Tinto's Yandi Former consultant to Placer Dome South Africa. iron ore mine. In addition, he took part in the Former Business Administrator Director for discoveries of Keringal and Wallaby in Australia's Bastillion Group of Companies Companies. Goldfields, Eastern Goldfields as well as the definition of AngloGold Ashanti's Sunrise gold mine. Mr. Hall Directors: holds a Bachelor of Applied Science from the Dr. John Dixon - President & CEO - Oryx Mining & Exploration Ltd. University of New South Wales, Australia. Mr. Andrew Thomson - President & CEO – Soltoro Ltd.
  36. 36. Montero Mining & Exploration Ltd Registered and Records Office: 1900-1040 West Georgia Street Vancouver, B.C. V6E 4H3 info@monteromining.com info@monteromining com

×