Mongolia[edit page]


After the sales of the Mongolian licences we still own royalty and offtake agreements and are very interested in further develop the licences with the partner. 


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.



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