We own a majority of a the company Troi Gobi LLC in Mongolia. This company holds four licenses that cover 421 square kilometres of South East Mongolia, located in the province of Sukhbaatar.

 

In 2016, we conducted a Magnetic Survey in Sukhbaatar Province and in 2017 we drilled additional 1,000 meters of exploration drillings in order to define further bodies containing molybdenum, iron ore and copper.

 

To date a total of around 8,000 meters of exploration drilling at an average depth of 150 meters have been conducted. Based on the evaluated data the content of the resources after mineralisation is expected to be approximately 45%.

 

Mongolia

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