• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Precious Metals Market
    Precious Metals News
    Precious Metals Stocks
    • Precious Metals Market
    • Precious Metals News
    • Precious Metals Stocks
    gold investing

    Erdene Moves Ahead at Khundii Gold Project

    Georgia Williams
    Jan. 13, 2020 06:50AM PST
    Precious Metals

    Erdene Resource will commence a an independent bankable feasibility study as well as front-end engineering and design work for the Khundii gold project.

    Erdene Resource Development (TSX:ERD) will commence a an independent bankable feasibility study as well as front-end engineering and design work for the Khundii gold project located in Mongolia.

    As quoted from the press release:

    “With an initial open-pit reserve of over 400,000 ounces grading 3.7 g/t gold and further resources and prospects in the vicinity, Erdene is positioned to emerge as a profitable new producer,” said Peter Akerley, Erdene’s President and CEO.

    “Moving us closer to that goal of gold production is the recent launch of the Khundii Gold Project Bankable Feasibility Study, scheduled for completion in mid-2020. This BFS will be delivered by a consortium of consultants with experience operating in Mongolia and relationships with Asian firms that are likely to provide equipment and capital to the Project,” continued Mr. Akerley. “We have also made significant progress on the permitting and licensing components of the Project with the recently received conditional approval of its Mongolian Bayan Khundii Feasibility Study, registration of the water reserve supporting the Bayan Khundii plant and award of the land use permits to construct the mine support buildings.”

    “Finally, we completed a Q4 2019 exploration and technical study field program to continue to build on our exploration success in the district and provide the necessary geotechnical information for the BFS,” concluded Mr. Akerley. “This program included a series of holes on the Altan Nar and Ulaan projects and follow-up surface sampling of the new high grade Khar Mori target on the Khundii license. Results are expected in the coming weeks.”

    Bankable Feasibility Study and Front-End Engineering and Design Study

    In late December 2019, Erdene launched the FEED and BFS required for permitting, project finance, and board approval to construct. The independent BFS will be prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) and will incorporate an updated mine design study, FEED for the processing plant and associated infrastructure, a hydrogeological study, detailed waste management plans, and an updated economic model. The Company expects to deliver the BFS in mid-2020.

    Click here to read the full announcement

    khundii minetsx:erderdene resourcegold investing
    The Conversation (0)

    Go Deeper

    AI Powered
    FORTUNE BAY ANNOUNCES UPDATED PEA FOR GOLDFIELDS, SASKATCHEWAN

    FORTUNE BAY ANNOUNCES UPDATED PEA FOR GOLDFIELDS, SASKATCHEWAN

    Gold Breaks $3,800 as Institutions Turn to Junior Miners

    Gold Breaks $3,800 as Institutions Turn to Junior Miners

    Latest News

    Apollo Silver Announces Upsize of Private Placement Offering

    Update On The Mosseau Drill Program And Details Of New Fall, 2025 Exploration Program

    Locksley Advances Multiple Antimony & REE Workstreams

    Option Exercise Nets $2.3M to Expand Exploration at Pinjin

    Locksley Resources Limited Advances Multiple Antimony and REE Workstreams

    More News

    Outlook Reports world

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Precious Metals Stocks

    Mount Hope Mining

    MHM:AU

    Walker Lane Resources

    WLR:CC

    Rua Gold

    RUA:CC

    Golconda Gold

    GG:CC

    Falco Resources

    FPC:CC

    Adavale Resources

    ADD:AU
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES