Like Mimics, the Statue can easily wear a weapon down in the early stages of the game. It uses a long-range hammer weapon, so it is best to take them out from range. When this is not an option, take a shot, get out of range, and repeat.
The Statue has three attacks: a fast horizontal swipe (non-piercing damage), a fast vertical slash that pierces defense, and a slow vertical slash (its most powerful attack). Hit-and-run tactics are the key to defeating this monster, as it is incredibly slow. Attack it using the Ridepod with ranged arms, such as the Nova Cannon, or use a wrench with high Smash to deal large damage.