Erdene Resources Development

Website: www.erdene.com
Primary ticker: TSX:ERD; MSE:ERDN
Stage of development: Development
Commodity: Gold
Project to promote: The Khundii Gold Project

Live financials

Our grassroots exploration has led to the discovery of the high-grade Bayan Khundii and Altan Nar deposits within the wider Khundii Gold District- which has a combined M&I resource of 751,000 oz of gold at a grade of 2.3 g/t gold. A Preliminary Economic Assessment completed in 2019 defined an open pit mine producing an average of 51,200 oz per year, at a head grade of 3.42 g/t gold over eight-year mine life. Currently, we are undertaking prefeasibility study and permitting on the Khundii Gold Project to deliver the first gold in 2021.

Management Profile

Peter Akerley, President & CEO

Mr. Akerley has 30 years of experience in mineral exploration, corporate financing, project development and management of publicly listed resource companies. He is one of the founders and principals of the Corporation and has held the position of President and Chief Executive Officer since March 2003. He is a geologist who has worked extensively in foreign jurisdictions throughout his career, predominately in North and South America and Asia, with a recent focus on Mongolia, where he has led the technical team through the confirmation of a major molybdenum and copper deposit, the discovery and definition of the Altan Nar gold deposit and recent discovery of the Bayan Khundii gold project. He has extensive experience in corporate mergers and acquisitions, joint venture arrangements, asset purchase and sales, and financings, leading the Corporation and its subsidiaries through more than 20 such business arrangements since taking the Corporation public in 2004. Mr. Akerley is past-chairman of the TSX-V listed Morien Resources Corp. where he was responsible for leading the creation of the company as a spin-out of assets from Erdene and the subsequent sale of the Donkin Coal and Black Point Aggregate projects, converting those interests into royalty interests.  He also served on the Board and Special Committee of Temex Resources Corporation (TSX-V) advising on the sale of the company to Lake Shore Gold Corp (Tahoe Resources Inc).  He also pioneered the company’s involvement as the founding and lead sponsor of the very successful Catapult leadership program in Nova Scotia. Mr. Akerley has a BSc (1988) from Saint Mary’s University in Halifax, specializing in geology, and has completed the Institute of Corporate Directors Audit Committee Effectiveness course in December 2012.


What is your rationale for attending 121 Mining Investment?

Expand our network within Asia Pacific and assess investor sentiment for project finance.

What recent news would you like to highlight to investors attending?

Pre-feasibility study results.

What are your key goals for the next 3, 6 and 12 months?

3 Months:

Complete PFS and related statutory studies.

6 Months:

Bankable Feasibility Study.

12 Months:

Project finance and start of construction.

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Mongolia has been considered as a high risk jurisdiction, however Erdene’s unique approach to gain social license to operate has been successful, such as its cross-listing on the Mongolian stock exchange and the focused operation in a single region for over a decade.

What do you think makes your company such a compelling investment?

Erdene’s value is anchored by the Khundii Gold Project which is characterized by its high-grade that triples the average grade of global open pit mines. Erdene’s growth factor is in the discovery of the Khundii Gold District (25km X 10km), where multiple surface mineralizations are identified and requires further exploration.