Aranjin Resources

Overview

Copper’s surprising performance in 2022 makes many market watchers expect its prices to remain high and supply to get tighter in the coming decades.

While China is already looking to expand its exposure to copper supply, experts predict China will source a large portion of its copper supply from Belt and Road countries like Mongolia.

Mongolia has one of the best up-and-coming mining economies in the world, with an estimated $1 to $3 trillion dollars in mineral wealth and a combined billions of proven resources in copper, coal, iron and other metals. With current exploration and mining licenses accounting for less than 5 percent of the geological survey, it’s clear Mongolia presents investors and mining companies with a largely untapped source of high-demand metals.

Aranjin Resources (TSXV:ARJN) is a Toronto-based mining exploration and resource company operating in Mongolia, with particular focus on copper. The combination of the company’s strong leadership team as well as its work in the untapped, but mineral-rich Mongolia puts Aranjin Resources in a potential position to greatly profit off its operations.

Aranjin Resources currently has two active mining projects, with majority shares in both of the projects.

The first is the Bayan Undur Project, located in Bayan Undur Soum of Bayankhongor Province. The Bayan Undur project consists of four mining licenses issued for a 30-year period and has had $10 million in previous exploration already utilized.

The second is the Victory Discovery, showing significant copper and nickel anomalies at ION Energy’s flagship Baavhai Uul, located in the infrastructure-rich Sukhbaatar Province and a mere 24 kilometers from the Chinese border.

Initial auger geochemical drilling has been completed with 814 holes, at the Victory Discovery, with results up to 1,252 parts per million (ppm) copper and 494 ppm nickel in weathered gabbroic clays, under very shallow alluvial cover.

Beyond geography, there are several reasons why Aranjin Resources is a potentially attractive option for investors. Its management team is near unrivaled with respect to mining operations in Mongolia, with members of the team having been involved in Hunnu Coal (which achieved an exit price of $500 million) and Steppe Gold (Mongolia’s top gold producer).

Aranjin entered into a term sheet agreement for an exploration joint venture with ION Energy (TSXV:ION,OTC:IONGF) granting one another reciprocal exploration rights on their respective exploration licenses within Mongolia. According to a press release, both ION and Aranjin will leverage one another's expertise in their respective metals, with Aranjin being granted a right to explore ION's properties for base metals (including copper, lead, zinc, nickel, cobalt and associated metals), and ION being granted a right to explore Aranjin's properties for lithium.

In 2022, Aranjin Resources completed an initial program of 6-meter deep auger geochemical drilling at the Baavhai Uul Copper Project in southern Mongolia, in which it holds an 80 percent interest. The work resulted in the significant copper nickel Victory Discovery that has become an active project for Aranjin, with clear similarities to large copper nickel occurrences in northern China, including Jinchuan.

Company Highlights

• Aranjin Resources is a Canadian company operating in Mongolia with particular focus on emerging copper projects.
• Aranjin Resources’ main focus currently is on:
  • The Victory Discovery: Aranjin has an 80 percent interest in this highly prospective copper nickel deposit, found at ION Energy’s Baavhai Uul Project.

• The Bayan Undur Project,located in Bayan Undur Soum of Bayankhongor Province. This project has significant prior work, including but not limited to hundreds of drill holes and a ground magnetic survey that covered the entire area.

• The company features a proven management team with a successful track record in mining in Mongolia.
• Aranjin entered into a joint venture agreement with ION Energy for reciprocal exploration rights on their respective exploration licenses within Mongolia.