We own a majority of a the company Troi Gobi LLC in Mongolia. This company holds licenses in the southeastern Mongolian province of Sukhbaatar.

 

In 2016, we conducted a Magnetic Survey in Sukhbaatar Province and in 2017 and 2018 we drilled additional 3,000 meters of exploration drillings in order to define further bodies containing molybdenum, iron ore and copper.

 

To date a total of around 10,000 meters of exploration drilling at an average depth of 200 meters have been conducted. Based on the evaluated data, we are expected to be able to significantly expand the occurrences.

 

Mongolia

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