Curated News
By: NewsRamp Editorial Staff
April 04, 2024
Erdene Resource Development Corp Makes Big Strides at Bayan Khundii Project
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- Erdene's Bayan Khundii Gold Project is on track to become Mongolia's largest primary gold producer, providing a competitive advantage in the global gold market.
- The Bayan Khundii NI 43-101 Feasibility Study Update showcases strong economic potential with a base case after-tax NPV5% of US$170 million and an IRR of 35%.
- Erdene's progress at the Bayan Khundii Gold Project is poised to deliver significant value to stakeholders and contribute to the economic development of Mongolia.
- Exploration efforts across the Khundii Minerals District have yielded continued success, positioning Erdene as a key player in the global mining industry.
Impact - Why it Matters
The progress at the Bayan Khundii Gold Project by Erdene Resource Development Corp is significant as it demonstrates the company's achievements in forming strategic alliances, commencing construction, and presenting a robust economic case for the project. This news is important for investors and stakeholders as it indicates the potential for significant value delivery in the future.
Summary
Erdene Resource Development Corp CEO Peter Akerley discussed the company's progress at the Bayan Khundii Gold Project with Proactive's Steve Darling. Akerley highlighted significant achievements such as the establishment of a Strategic Alliance with Mongolian Mining Corporation and the commencement of construction at the Bayan Khundii gold project. The project represents one of the highest-grade open-pit gold mines globally and is on track to produce first gold in the second quarter of 2025. Akerley also shared key findings from the Bayan Khundii NI 43-101 Feasibility Study Update, which outlined a robust economic case for the project.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Erdene Resource Development Corp Makes Big Strides at Bayan Khundii Project
