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ERDCF / Erdene reveals positive updated Feasibility Study for Bayan Khundii Gold Project in Mongolia

Erdene Resource Development Corp (TSX:ERD, OTC:ERDCF) has announced results of an updated independent Feasibility Study for the high-grade, open-pit Bayan Khundii (BK) Gold Project in Mongolia. Highlights included a base case after-tax Net Present Value (NPV) of US$170 million, using a 5% discount rate, and 35.3% Internal Rate of Return (IRR), increasing to US$196 million and 38.95% IRR, respectively, at current gold price of US$1,900 per ounce. Read More

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Posted: Aug 15 2023, 09:52

Author Name: Proactive Investors

ERDCF News

By Proactive Investors
October 18, 2023

Erdene updates investors on amendments to strategic alliance for Bayan Khundii gold project

Erdene Resource Development Corp (TSX:ERD, OTC:ERDCF) said its strategic alliance agreement with Mongolian Mining Corporation (MMC) for the developmen

By Proactive Investors
October 9, 2023

Erdene Resource Development has near-term production and district-scale potential in Mongolia

Erdene Resource Development Corporation is on track to pour first gold from its Bayan Khundii project in Mongolia in 2025. The final details of a fina

By Proactive Investors
September 12, 2023

Erdene Resource Development nears completion of early works at Bayan Khundii gold project

Erdene Resource Development Corp (TSX:ERD, OTC:ERDCF) told investors that development activities at its Bayan Khundii gold project in southwestern Mo

By Proactive Investors
August 15, 2023

Erdene reveals positive updated Feasibility Study for Bayan Khundii Gold Project in Mongolia

Erdene Resource Development Corp (TSX:ERD, OTC:ERDCF) has announced results of an updated independent Feasibility Study for the high-grade, open-pit B

By Proactive Investors
August 3, 2023

Erdene reveals recent accomplishments at Khundii Minerals District in Mongolia

Erdene Resource Development Corp (TSX:ERD, OTC:ERDCF) has provided an update on recent accomplishments at its Khundii Minerals District (KMD) in Mongo

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