Project Overview

Montezuma holds a number of multi-commodity exploration and mining tenements in Western Australia. The Company's primary focus is on its 100% owned Butcherbird Manganese Project which contains Australia's largest onshore manganese deposit. The Company is currently working with CSIRO to develop a process flowsheet design to produce high purity manganese for use in the battery manufacturing industry.

The first phase of this work was highly successful, demonstrating a 95% manganese extraction in around 30 minutes with a 91% purity. Work is now underway to purify the resultant liquor to generate a high purity PLS for the production of EMM, EMD and/or manganese suphate as an input into lithium ion battery cathode production.

The Pinnacles cobalt/nickel project contains high grade near surface cobalt mineralisation over broad zones as well as hosting a priority un-drilled nickel sulphide target where a recently completed EM survey highlighted a late time bedrock conductor beneath near surface nickel sulphide with grades of up to 3.5% nickel.

The Lake Johnson Lithium project is prospective for near surface pegmatite hosted lithium mineralisation and first pass reconnaissance work has confirmed this potential.

In addition to the work being done on the manganese, cobalt, lithium and nickel assets, the Company also has a priority drill target at the Holleton Project, which contains a number of priority gold targets, including a 2.5km long high tenor auger and aircore anomaly with only three deeper drillholes all of which which intersected broad zones of gold mineralisation with individual grades of up to 7 g/t.