After the sales of the Mongolian licences, we still own royalty and offtake agreements. We are very interested in further developing the licences with our partner.
In 2016, we conducted a Magnetic Survey in the Sukhbaatar Province and in 2017 and 2018, we drilled additional 3,000 meters of exploration holes in order to define further bodies containing molybdenum, iron ore and copper.
Up to now, a total of around 10,000 meters of exploration drilling down to an average depth of 200 meters have been conducted. Based on the evaluated data, we expect to be able to significantly expand the occurrences.