ENTRÉE RESOURCES ANNOUNCES FIRST QUARTER 2023 RESULTS
Original announcement by tmx on
- Company
- Entrée Resources Ltd.
- Ticker
- ETG
- Exchange
- TSX
- Region
- Mongolia
- Primary commodity
- Unavailable
- Secondary commodities
- Copper, Gold, Silver
- Document categories
- Drill results, Other
- Extracted
- 2026-09-13 23:05:49 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Entrée Resources announced its Q1 2023 financial results, reporting an operating loss of $0.9 million. The company also provided updates on the Oyu Tolgoi project, noting the start of underground copper production and ongoing arbitration proceedings to secure its mining licences in Mongolia.
Reasoning: The company reports quarterly financial results showing an operating loss and provides an update on its joint venture and ongoing legal arbitration regarding mining licences in Mongolia.
Positive factors
- commencement of underground production at Oyu Tolgoi
- design optimization on track
Negative factors
- ongoing binding arbitration with Rio Tinto and OTLLC
- operating loss in Q1 2023
- delays in Shaft 3 and 4
Facts used in scoring: 2
Classification and evidence
Infill Drillingneutral · Story-specific tag
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The company mentions waiting for results from 2022 drilling and planning additional drilling for 2023.
Evidence · text
“The Company is still waiting for OTLLC to deliver results from the bulk of the underground holes”
Extracted facts
Stored fact records: 2. Some facts used in scoring do not have a stored record.
Drill Results (2)
Fact 1Entrée/Oyu Tolgoi JVIntercept: 4459.9 mNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Entrée/Oyu Tolgoi JV
- Region
- mongolia
- Reported Region
- mongolia
- Ticker
- ETG
Geometry
- Intercept
- 4459.9 m
Classification
- Program
- resource
- Sample Type
- drill
QA/QC
- QA/QC Methods
- standards
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2023-05-03T00:00:00.000Z
Reasoning: Historical drilling totals mentioned for 2022.
Evidence · text
“completed 22 underground diamond drill holes totalling 4,459.9 metres”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
Fact 2Entrée/Oyu Tolgoi JVIntercept: 4366.1 mNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Entrée/Oyu Tolgoi JV
- Region
- mongolia
- Reported Region
- mongolia
- Ticker
- ETG
Geometry
- Intercept
- 4366.1 m
Classification
- Program
- resource
- Sample Type
- drill
QA/QC
- QA/QC Methods
- standards
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2023-05-03T00:00:00.000Z
Reasoning: Historical drilling totals mentioned for 2022.
Negative factors
- two aborted holes due to excessive deviation
Evidence · text
“four surface diamond drill holes... totalling 4,366.1 metres”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.