News Highlights
- October 16, 2024 Erdene Provides Bayan Khundii Gold Project Update
- September 25, 2024 Erdene Reports Strong Drill Results and Provides Mine Development Update for the Bayan Khundii Gold Project
- August 8, 2024 Erdene Announces Q2 2024 Results and Provides Bayan Khundii Gold Project Update
- June 21, 2024 Erdene Announces Results of Annual General Meeting of Shareholders
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Growth Strategy
Erdene is the leading explorer in an untested portion of the prolific Central Asia Orogenic Belt (CAOB), host to some of the world’s largest gold and copper-gold deposits. We have discovered multiple gold and base metals deposits and prospects within our 170km² Khundii Gold District.
Our two-prong strategy is to create value by advancing the Bayan Khundii Gold Project towards development, while expanding high-grade gold resources through aggressive exploration in the Khundii Gold District.
Our Discovery
To date Erdene has made four discoveries - Bayan Khundii, Dark Horse, Altan Nar and Ulaan Southeast - with over twenty additional prospects.
Over the past decade, Erdene has built the largest proprietary geological database of the region, which combined with its proven, systematic approach to exploration positions the Company for continued exploration success in this emerging gold district.
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The Anchor to Develop the Wider Gold District
The Bayan Khundii Gold Project is a high-grade (4.0 g/t Au), open-pit development that will produce an average of 74,200 ounces of gold annually employing conventional, capital efficient processing methods. Erdene plans to deliver the first gold in 2025.
Bayan Khundii Production Strategy
The Updated Bankable Feasibility Study (Full Study) completed in mid-2023 outlined a Net Present Value using a 5% (NPV5%) discount rate of US$170 million, an Internal Rate of Return (IRR) of 35%, and a payback period of just over two years, using a $1,800/ounce gold price. At current gold prices of approximately $2,000/ounce, the Project’s NPV5% rises to US$223 million and the IRR increases to 42%.
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Maximizing Positive Impacts
The Bayan Khundii Gold Project is expected to contribute over C$60 million in taxes and royalties to the Government of Mongolia and create over 300 new jobs at the mine site.
Erdene is the first company to cross-list on the Mongolian Stock Exchange, attracting over 6,000 Mongolian shareholders. We strive to share value with all stakeholders through mutual responsibility, participation and transparency.
Environmentally Conscious
We are committed to sustainable development, including systematic, proactive management of environmental risks. Erdene plans to reduce its environmental footprint by committing to a process plant designed to recycle 85% of water consumption and integrate the mine and plant waste in a dry-stack tailing facility.
Publicly Available Reports
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How We Create Value in Rural Communities
Based on the Bayan Khundii Gold Project, the University of British Columbia explored ways to maximize the benefits of resource development for communities and create shared value by working collaboratively with local stakeholders
Read Research StudyHow We Plan to Reduce Environmental Footprint
We will be the first mining company in Mongolia to use solar power generation and our operation incorporates an integrated waste facility (“IWF”) to reduce the environmental footprint.
Read ESIA ReportBayan Khundii Gold Project Feasibility Study
The Updated Bayan Khundii Gold Project Feasibility study outlines the technical and economic attributes of the Bayan Khundii project. The Feasibility Study was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects and was completed by a consortium of independent International and local firms with significant experience in Mongolia.
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