The Canadian mining company is advancing a comprehensive exploration strategy to develop early-stage exploration targets into economically viable deposits in Chile.
Montero Mining & Exploration expands its presence in Chile with over 203 km² of copper-molybdenum concessions in Atacama and new gold projects in Maricunga.
Its approach combines global expertise, advanced technology and highly specialized local teams to accelerate discoveries and create sustainable value for investors.
The vision: turning exploration targets into long-term mining projects
According to Montero, exploration creates value. CEO Dr. Tony Harwood summarizes the core of the business: «Montero creates shareholder value by discovering mineral deposits and developing them into productive mines.»
The executive emphasizes that the process involves fieldwork, technology, and expert judgment: «We combine direct field work, modern technology, and expert judgment to develop under-explored prospects efficiently.»
The strategy aims to turn early-stage exploration targets into economically viable deposits.
A proven record of discovery
The company boasts a portfolio of global successes. Harwood recalls that «Montero took the Wigu Hill rare earth deposit in Tanzania from a mere mineral occurrence to a developed resource.»
Furthermore, Montero’s board of directors features decades of leadership in international discovery:
- Greg Hall: gold and iron discoveries in Australia
- Tim Livesey: progress on the Reko Diq project in Pakistan
- Andrew Thomson and Jamie Levy: development of under-explored assets in several mining locations
«Together, we have the expertise to turn prospects into mines,» Harwood affirms.
Why Chile? A land with extraordinary potential
Chile is an integral part of Montero’s global strategy. According to Harwood, «Chile is one of the world’s leading mining jurisdictions and a major producer of copper, gold and battery metals.»
Despite the country’s rich mining history, the CEO highlights the tremendous opportunity here: «There are still large under-explored areas with significant potential.»
Montero already controls over 203 km² of copper-molybdenum concessions in the Atacama Region and has acquired two gold concessions in Maricunga, one of Chile’s most prolific gold areas.
The company combines traditional methods and advanced tools to accelerate discovery.
Harwood noted that «In Chile, our teams perform geochemical mapping and sampling while applying remote sensing, geophysics and AI-driven geological interpretation.»
This integrated approach, he explained, allows Montero to «identify high-potential exploration targets and develop projects quickly and efficiently.»
The model, already in use at Avispa, a copper and molybdenum mining project in northern Chile’s Atacama Desert, will extend to new exploration sites.
Key factors for success in Chile
Montero recognizes that exploration is multidimensional. Harwood stated: «Success in Chile will come from a combination of technical expertise, disciplined exploration, strong local relationships and investigating multiple projects.»
He also pointed out that Montero applies lessons learned from operations in «Tanzania, Australia, Canada, Mexico, DRC and Pakistan.»
What is the key? «Above all, careful project management is the secret to turning promising exploration targets into major mineral discoveries.»
An experienced team with local presence
The company emphasizes that its geological and administrative team is based in Chile, ensuring proximity, local knowledge and operational capability. Additionally, its board and senior management bring expertise in precious metals, base metals and metals critical to the energy transition.
«Through careful cost management, credible technical studies and systematic, disciplined project development, we transform exploration targets into economically viable mines, generating long-term value for our investors,» summarizes Harwood.
With a mix of global knowledge, local operations and emerging technology, Montero is steadily establishing itself as a major player in the hunt for new mineral resources in Chile.
To learn more about mining investment opportunities in Chile, check out the following article.
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