Montero Mining and Exploration Data
Montero Mining and Exploration News
Montero eyes phosphate deposits offshore South Africa 2015-12-02A completed initial review of extensive sedimentary phosphate deposits 30 km offshore Saldanha Bay, in South Africa, has been positive, warranting further investigation, TSX-listed Montero Mining and Exploration said on Tuesday. Montero and funding partner Ovation Capital had until March 10 to complete a due diligence on the Greenflash project, after which the parties could elect to immediately earn a 49% interest by committing to complete a resource estimate, which may then increase to a 75% interest by completing a feasibility study.
Montero Evaluates Extensive Off-Shore Phosphate Deposits in South Africa 2015-12-01
TORONTO, ONTARIO--(Marketwired - Dec. 1, 2015) - Montero Mining and Exploration Ltd. (TSX VENTURE:MON) ("Montero") has completed an initial review of geological data relating to extensive off-shore sedimentary phosphate deposits within the Greenflash Project area in South Africa. The Greenflash Project is the second phosphate asset being advanced with funding partner Ovation Capital ("Ovation") in South Africa. Ovation has committed to expenditures of roughly CDN $2.7 million to acquire a 10% interest in Montero's Duyker Eiland project. At the Greenflash Project, Ovation has agreed to co-fund due diligence with Montero, where, upon receiving a positive review, may elect to provide Montero 100% of the funding to outline a resource for equity participation in the project (see press release September 10, 2015). The Greenflash Project could potentially provide additional feedstock to a Fertilizer Plant envisaged to be developed in Saldanha Bay by Montero and Ovation.
Phosphate project to get under way 2015-10-16The prefeasibility study at mineral exploration and development company Montero Mining and Exploration’s phosphate project, in Saldanha Bay, Western Cape, is expected to start soon, with the goal of completion in 2016, after which, if positive, the project will go into a bankable feasibility study, Montero president and CEO Dr Tony Harwood tells Mining Weekly. Earlier this year Montero entered into an agreement with niche investment firm Ovation Capital to fund the phosphate project from prefeasibility study through to bankable feasibility study, says Harwood, adding that the studies will be towards the potential establishment of a rock phosphate openpit mine.
Montero Granted a Retention License for the Wigu Hill Rare Earth Project in Tanzania 2015-03-23
TORONTO, ONTARIO--(Marketwired - March 23, 2015) - Montero Mining and Exploration Ltd. (TSX VENTURE:MON) ("Montero") has been granted a Retention License securing the mining rights to the Wigu Hill rare earth project in Tanzania for an additional 5 years.
Montero Mining and Exploration Information
Company 2015-05-10Montero Mining and Exploration Ltd. is a mineral exploration and development company engaged in the identification, acquisition, evaluation and exploration of mineral properties focused on rare earth elements (REE) in Tanzania and phosphates in South Africa.