Erdene Resource reported Q3 2026 production results for the Bayan Khundii Gold Mine, noting increased gold production and US$20 million in debt repayment. The company also highlighted the recent Preliminary Economic Assessment (PEA) for the Zuun Mod Molybdenum-Copper Project, which shows a base case NPV8% of US$745 million.
Erdene reported Q3 2026 production for the Bayan Khundii Gold Mine, noting gold production was slightly ahead of Q2 and $20 million in debt was repaid. The company also announced the completion of a Preliminary Economic Assessment (PEA) for the Zuun Mod Molybdenum-Copper Project, showing a base case NPV8% of $745 million.
Aspire Mining Limited presented an update on its Ovoot Coking Coal Project, highlighting its world-class status with a JORC Coal Resource of 219.4 Mt and a Marketable Reserve of 97.9 Mt. The project demonstrates strong economics, including a post-tax NPV10 of US$1.48 billion and an IRR of ~60%, supported by a low-capex development plan and ongoing construction. The company is progressing with funding through vendor financing and a Mongolian OTC bond program, aiming for first coal sales in Q4 2027 to meet a forecast supply deficit in northern China.
Erdene Resource Development has released a preliminary economic assessment for its Zuun Mod molybdenum-copper project in Mongolia, outlining a $687 million development plan. The study estimates an after-tax NPV of $745 million and an IRR of 16% based on a base case scenario.
Erdene Resource announced positive Preliminary Economic Assessment (PEA) results for its Zuun Mod Molybdenum-Copper Project in Mongolia, outlining a 34-year mine life with a base case after-tax NPV8% of US$745.1 million and an IRR of 16.1%. The PEA is supported by an updated NI 43-101 compliant mineral resource estimate, including 407.1 Mt Measured+Indicated at 0.048% Mo and 0.062% Cu, and positive metallurgical testwork indicating high recoveries for both molybdenum and copper. The company plans further drilling to upgrade and expand resources.
Erdene announced positive Preliminary Economic Assessment (PEA) results for its wholly-owned Zuun Mod Molybdenum-Copper Project in Mongolia, outlining an after-tax NPV8% of US$745 million and an IRR of 16.1% over a 34-year mine life. The study, based on an updated Mineral Resource Estimate, projects significant molybdenum and copper production with an All-in Sustaining Cost of US$13.89/lb molybdenum. The PEA highlights the project's compelling economics and strategic importance as a potential major molybdenum producer.
Aspire Mining Limited has reconfirmed its Coal Reserve estimate for the Ovoot Coking Coal Project in Mongolia, reporting a Total Coal Reserve of 130.1 million tonnes and a Marketable Coal Reserve of 97.9 million tonnes, effective 31 March 2026. An updated economic evaluation, incorporating a revised development strategy and lower initial capital expenditure, indicates a post-tax NPV10 of US$1.48 billion and a post-tax real IRR of 60%. The update also details a financing strategy assuming US$126.0 million in Mongolian OTC bond issues and US$42.0 million in deferred payments for infrastructure.
Azzuro Resources has intersected a new copper sulphide zone at its Red Hill VMS project in Mongolia via drillhole MU2613A. While the intercept confirms a larger mineralised system, assay results for the new zone are expected in four to five weeks.
Azzuro Resources has intersected a new semi-massive to massive sulphide zone at its Red Hill project in Mongolia. The intersection, found while drilling for shallow gold, suggests the copper system may be more extensive than previously mapped.
Azzuro Resources has announced the discovery of a new copper sulphide zone at its Red Hill VMS project in Mongolia. The results confirm copper-gold VMS mineralisation extending over approximately 550m.
