Monto Minerals

ILMENITE

Initial Production rate: 60,000 tonnes per annum

A major industrial mineral used for the manufacture of titanium dioxide (TiO2), a non-toxic white pigment used in just about everything which is white, such as paint, rubber, plastics, textiles, ink, cosmetics, leather, ceramics, paper, food and confectionery. Monto ilmenite is considered to be a reactive feedstock, bringing a process cost benefit, due to its relatively high iron ratio.

The company has conditional commitments from TiO2 producers in Asia and Europe for all ilmenite production and expects to finalise long term contracts following acceptance of initial trial cargos during 2008.

APATITE

Initial Production rate: 25,000 tonnes per annum

Apatite is a source of phosphate, used in the production of phosphatic fertilisers and animal stockfeed. Monto apatite is particularly attractive to fertiliser producers as it is unusually rich in phosphate. It is also well suited for direct use as a slow release organic fertiliser.

The company has a long term domestic contract for the sale of up to 25,000 tonnes per annum.

FELDSPAR

Initial Production rate: up to 40,000 tonnes per annum

Feldspar is used in the manufacture of glass, sanitary ware, ceramic tiles and cosmetics. Monto’s feldspar has a high alumina content, particularly suited to glass makers, and benefits from zero free silica and uniform particle size providing significant health and safety benefits.

Monto has an initial contract to supply a domestic glass maker (6,000 tonnes per annum) and is currently advancing further domestic marketing opportunities as sandblasting media and construction sand.

GROUND FELDSPAR

Finely ground feldspar is a high value, high margin product and is used in paint manufacture and powder coating. The company is currently involved in export market development opportunities for this product.

TITANO-MAGNETITE

Initial Production rate: up to 25,000 tonnes per annum

Following successful commercial trials, the company is installing additional grinding facilities to produce titano-magnetite for sale as a dense media in the coal washing process. The Goondicum Project is well located to benefit from Queensland's booming coal industry.

The company expects to commence sales during the July 2008 quarter.



	Monto Minerals Limited is an Australian industrial minerals mining, processing and marketing company dual-listed on the Australian Stock Exchange (ASX) and London's Alternative Investment Market (AIM) The company’s prime asset is the 100% owned and managed Goondicum mine, located in Central Queensland, Australia, about 30 kilometres east of Monto and 100 kilometres south of the major export port of Gladstone. View area map The company also holds a mineral development lease over a magnetite deposit at Eulogie Park, located 105 kms to the north west of the Goondicum Project. Construction of the A$70 million Goondicum Project, comprising the mine, processing plants and associated infrastructure was completed during 2007. Four industrial minerals are produced from the deposit - ilmenite apatite, feldspar and titanomagnetite. Initial production will be at the rate of up to 150,000 tonnes per year, with the potential to double or triple this tonnage with further plant expansion as markets are developed. ABOUT THE MINERALS ILMENITE Initial Production rate: 60,000 tonnes per annum A major industrial mineral used for the manufacture of titanium dioxide (TiO2), a non-toxic white pigment used in just about everything which is white, such as paint, rubber, plastics, textiles, ink, cosmetics, leather, ceramics, paper, food and confectionery. Monto ilmenite is considered to be a reactive feedstock, bringing a process cost benefit, due to its relatively high iron ratio. The company has conditional commitments from TiO2 producers in Asia and Europe for all ilmenite production and expects to finalise long term contracts following acceptance of initial trial cargos during 2008. APATITE Initial Production rate: 25,000 tonnes per annum Apatite is a source of phosphate, used in the production of phosphatic fertilisers and animal stockfeed. Monto apatite is particularly attractive to fertiliser producers as it is unusually rich in phosphate. It is also well suited for direct use as a slow release organic fertiliser. The company has a long term domestic contract for the sale of up to 25,000 tonnes per annum. FELDSPAR Initial Production rate: up to 40,000 tonnes per annum Feldspar is used in the manufacture of glass, sanitary ware, ceramic tiles and cosmetics. Monto’s feldspar has a high alumina content, particularly suited to glass makers, and benefits from zero free silica and uniform particle size providing significant health and safety benefits. Monto has an initial contract to supply a domestic glass maker (6,000 tonnes per annum) and is currently advancing further domestic marketing opportunities as sandblasting media and construction sand. GROUND FELDSPAR Finely ground feldspar is a high value, high margin product and is used in paint manufacture and powder coating. The company is currently involved in export market development opportunities for this product. TITANO-MAGNETITE Initial Production rate: up to 25,000 tonnes per annum Following successful commercial trials, the company is installing additional grinding facilities to produce titano-magnetite for sale as a dense media in the coal washing process. The Goondicum Project is well located to benefit from Queensland's booming coal industry. The company expects to commence sales during the July 2008 quarter.