Montero Mining Secures License to BHP Historical Drilling Data for Avispa Copper-Molybdenum Project in Chile

Montero Mining and Exploration Ltd. (TSXV: MON) has entered into an exploration data license agreement with BHP Chile Inc., a subsidiary of BHP Group Limited, granting Montero access to BHP's historical drilling database and associated geological information covering the Avispa copper-molybdenum project in northern Chile. The agreement, dated November 4, 2026, was announced publicly on November 9.

The Avispa project sits within the Palaeocene Porphyry Copper-Molybdenum Belt of northern Chile, a region well established for large-scale porphyry mineralization. Gaining access to BHP's proprietary historical exploration data, which a major mining company like BHP would have accumulated through its own prior drilling campaigns, can materially reduce the time and cost required for a junior explorer to advance a project toward a resource estimate or drill targeting stage. Montero, a small-cap Canada-based company with a market capitalization of roughly 4.3 million Canadian dollars, describes its approach as geology-led and data-driven, supplemented by AI-assisted and machine-learning tools for integrated data interpretation and target prioritization.