Erdene Resource presents its operational report and plan at MSE
Erdene Resource Development, the first dual listed company on the Mongolian Stock Exchange (MSE), presented its operational report and plan to the market participants on November 6.
The company announced previously the filing on SEDAR of the National Instrument 43-101 technical report on November 1 regarding the mineral resource estimate for its wholly owned high-grade Bayan Khundii gold deposit, one of two resource areas included in the Khundii Gold Project.
“While we are focused on progressing the Khundii Gold Project towards development, we are also continuing our regional exploration program, designed to expand current resources and discover new deposits in this newly discovered gold district. Results from our Altan Arrow and new Khundii North gold discoveries continue to provide encouraging results while the technical team is also active in evaluating both private acquisitions and those available through the recently re-launched Mongolian tender licensing system, all within our area of interest in southwest Mongolia,” CEO Peter Akerley noted.
Erdene has also updated its website with a Mongolian version, making it easier to get ontime information from reliable source for domestic shareholders, the company said.