Montero Mining and Exploration Ltd. is a junior mineral exploration and development company. It is focused primarily on identification, acquisition, exploration and development of grass-roots rare earth elements, phosphate and uranium deposits in Tanzania, Canada and South Africa. It holds exploration licences on properties in Canada and in Tanzania. Its primary asset is its 60% interest in the Wigu Hill Property in Tanzania. It also holds interests in two other licences in Tanzania, two properties in Quebec and a phosphate exploration property in South Africa. The Wigu Hill Property is located in Tanzania, which is 170 kilometers south-west of Dar es Salaam and consists of two prospecting licenses, which cover an area of 142 square kilometers. In November 2011, it announced that it has acquired four phosphate exploration projects, which include Duyker Eiland, Phillips Kraal and Lamberts Bay in the Western Cape and Bierkraal in the Northwest Province in the Republic of South Africa.