Erdene Resource Development Corp.
Erdene Resource Development Corp. is a gold exploration and development company listed on multiple stock exchanges, focusing on projects in Mongolia, including the high-grade Bayan Khundii Gold Project expected to deliver its first gold in 2025.
Bayan Khundii Gold Project
The Bayan Khundii Gold Project is a high-grade, open-pit gold development in Mongolia. It is expected to deliver its first gold in 2025 and produce an average of 74,200 ounces of gold annually. The Updated Bankable Feasibility Study completed in mid-2023 shows a Net Present Value (NPV5%) of US$170 million and an Internal Rate of Return (IRR) of 35% at a gold price of $1,800 per ounce. At current gold prices of approximately $2,000 per ounce, the NPV5% increases to US$223 million, and the IRR rises to 42%. The project will contribute over C$60 million in taxes and royalties to the Government of Mongolia and create over 300 new jobs.
Stock Exchange Listings
Erdene Resource Development Corp. is listed on multiple stock exchanges. Specifically, it trades on the Toronto Stock Exchange (TSX) under the symbol ERD, the Mongolian Stock Exchange (MSE) under the ticker ERDN, and the Over-the-Counter (OTC) market with the symbol ERDCF. Notably, Erdene is the first company to cross-list on the Mongolian Stock Exchange, attracting over 6,000 Mongolian shareholders.
Projects in the Khundii Minerals District
Erdene's Khundii Minerals District in Mongolia includes several significant projects beyond Bayan Khundii. These projects are Altan Nar, Greater Dark Horse, Ulaan, Zuun Mod, and Khuvyn Khar. The Altan Nar project is a carbonate-base metal gold deposit 16 km north of Bayan Khundii. The Greater Dark Horse area features high gold in soil anomalism with various samples assaying greater than 1 g/t gold. The Ulaan exploration license covers a large hydrothermal alteration zone over 3 kilometers in diameter. The Zuun Mod molybdenum deposit holds a resource of 218 million metric tonnes at 0.057% molybdenum and 0.069% copper.
Environmental and Sustainability Initiatives
Erdene Resource Development Corp. is committed to reducing its environmental impact. The process plant at Bayan Khundii is designed to recycle 85% of its water consumption. Additionally, the company plans to use solar power generation and integrate a dry-stack tailing facility to manage mine and plant waste. These initiatives aim to minimize the environmental footprint of its mining operations in Mongolia.
Exploration and Resource Development
Erdene has made four significant discoveries within its 170 km² Khundii Gold District: Bayan Khundii, Dark Horse, Altan Nar, and Ulaan Southeast, along with over twenty additional prospects. Over the past decade, the company has built the largest proprietary geological database in the region, facilitating its exploration efforts. Through a two-prong strategy, Erdene aims to advance the Bayan Khundii Gold Project while aggressively exploring for high-grade gold resources within the Khundii Gold District.