Montero Mining and Exploration Ltd. (CVE:MON) provided an operational update on the Wigu Hill Rare Earth Project in Tanzania. Updates included the initiation of the Environmental Impact Assessment, Environmental and Social Impact Assessment, and Prospecting Licence extension.
As quoted in the press release:
The EIA and ESIAs are crucial steps in obtaining the Environmental Permit, required for the Mining License application and any mining operation at Wigu Hill.
Dr. Tony Harwood, President and Chief Executive Officer of Montero, commented:
The commencement of the EIA and ESIA are instrumental in developing a mining operation at Wigu Hill. The results and submission of the EIA and ESIA will be required for the application of a mining license and contribute to the feasibility study. We are pleased to announce that a 2 year extension to our prospecting license has been awarded by the Commissioner for Minerals in Tanzania, in order to apply for a Mining License. Montero remains focused on de-risking the Wigu Hill project and targeting early production of rare earths.