Erdene Resource Development

Financials:

Primary ticker: TSX:ERD, MSE:ERDN
Stage of development: Exploration, Development
Primary minerals: Gold, Copper, Molybdenum, Silver, Lead, Zinc
Project to promote: KhundLL Gold District
Project location: Mongolia 
Website: www.erdene.com

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Erdene Resource Development is advancing development of its high-grade (3.7 g/t Au), open-pit Bayan Khundii Gold Project in Southwest Mongolia, where the Company has made four high-grade, near-surface gold discoveries within its 170km2 Khundii Gold District. These deposits are located in an unexplored portion of one of the world’s great gold belts, the Central Asian Orogenic Belt, where the Company has been the leader in exploration for over a decade.

 

Erdene’s 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. We are targeting total resources of over 2 million ounces of gold within the Khundii Gold District by the end of 2022.

Management Profile

Mr. Akerley – President/ CEO
Mr. Akerley has 30 years’ experience in mineral exploration, corporate financing, project development and management of publicly listed resource companies. He is one of the founders of the Corporation and has held the position of President and Chief Executive Officer since March 2003.

What is your rationale for taking part 121 Mining Investment?

Strategic partnership and long-term investors

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

Erdene commenced the first phase of its 2022 exploration program in early April. Comprised of approximately 10,000 metres of diamond and 3,000 metres of rotary air blast (RAB) drilling, exploration will follow-up on recent high-grade gold discoveries at Dark Horse and Ulaan, which are within 2.4 kilometres of the shovel ready Bayan Khundii high-grade, open-pit development, as well as continue drilling at the Altan Nar gold deposit, located 16 kilometres north of Bayan Khundii.

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

3 Months:

Expand mineralization at Dark Horse and Ulaan prospects and Altan Nar deposit

Commence Bayan Khundii Gold Project early works

 

6 Months:

Commence second phase of 2022 Khundii Gold District exploration program

Close financing package for Bayan Khundii Gold Project

 

12 Months:

Confirm 2 million ounce gold equivalent resource target at Khundii Gold District

Further expand mineralization on licenses

Ramp up to full construction of Bayan Khundii Gold Project

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

Construction delays due goods and service shortages from China due to that Country’s zero Covid-19 policy

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

Erdene is the first movers in an unexplored portion of one of the world’s most prolific copper and gold belts where we have made four high-grade, open-pitable gold discoveries in limited exploration. Strong likelihood that Erdene’s Khundii District will host a multi-million ounce gold deposit.

What are the top 3 key investor takeaways?

1. Multiple high-grade, near-surface, open-pitable gold discoveries in a new district with multi-million-ounce potential

2. Deep-rooted in-country relationships, strong social license to operate, and recognized ESG practices

3. Developing shovel-ready, low-cost, high-return Bayan Khundii Gold Project which will fund future exploration and development