Montero Mining & Exploration Ltd is a mineral exploration and development company focused primarily on the exploration, discovery, and development of mineral properties in Africa and South America. The Montero Management team and Board of Directors are experienced in gold, base metals, rare metals, industrial minerals, and bulk commodities. Montero has previously made discoveries of lithium deposits in Namibia and Chile, rare earth element deposit in Tanzania and phosphate deposits in South Africa.
The Company believes the recent spike in precious metal prices, at a time when companies are divesting non-core assets, presents a unique opportunity to refocus Montero on acquiring, exploring and defining precious metal resources. Montero is in the process of reducing its multiple country battery metal focus to further reduce costs while it adopts a precious metals focus.
The primary exploration focus is now gold and the Company is actively seeking gold opportunities while disposing of non-core assets.
Montero Mining & Exploration aims to create value by utilizing its Management and Board skills base by taking exploration properties up the value curve from discovery through feasibility and development. Montero with its new gold strategy aims to create such value for shareholders. The company to date has made several discoveries, completed NI43-101 compliant resources and finalized Preliminary Economic Assessment to advance projects for sale or to mine development. Montero’s Management will use its skills base and network in South America and Africa to acquire other exploration and development projects through direct license application, joint venture, or acquisition.
- Acquire major interest in exploration projects relevant to current commodity prices, demand, and supply
- Focus on potentially high-grade and low-cost of operation projects in stable mining jurisdictions where the management and directors have experience
- Current focus is on gold
- Acquire, explore, and develop gold opportunities
- Vend, sell, or joint venture its other legacy projects
- Increase shareholder return by finding exploration stage projects and develop these through successful exploration to a development stage for joint venture and/or sale
Montero aims to conduct business in a sustainable manner considering all stakeholders including local communities and the environment while maintaining the highest safety standards for all our personnel.