Azzuro Resources has identified nine new prospective copper targets at the Oval project in Mongolia using 3D IP surveying. While drill hole CRS05 at Copper Ridge returned narrow gold mineralization (4m at 0.30g/t Au) instead of significant copper, the company sees a clear path toward a JORC resource and upcoming commercial studies.
Azzuro Resources has announced maiden JORC (2012) Exploration Target estimates for its Oval (Cu-Ni-PGE) and Red Hill (Cu-Au-VMS) projects in southwest Mongolia. The two projects are located only 8km apart, suggesting district-scale potential and opportunities for shared infrastructure. A priority drilling program is imminent to test these targets and move toward resource definition.
Erdene reported strong Q2 2026 results, highlighted by a 37% increase in gold production at the Bayan Khundii mine to 11,709 ounces. The company also noted progress on the Zuun Mod PEA and encouraging maiden drilling results at the Tereg Uul property.
Erdene reported a strong Q2 2026 production update for the Bayan Khundii Gold Mine, with gold production of 11,709 ounces, a 37% increase over Q1. The quarter saw improved ore grades averaging 2.4 g/t gold and high recoveries of 96%, generating $53 million in gross revenue.
Silver Elephant Mining Corp. has signed a lease agreement for its Ulaan Ovoo coal mine in Mongolia with a major local conglomerate. Under the terms, the company will receive a royalty of US$2 per tonne for the first two years, increasing to US$3 per tonne from 2028, alongside an immediate US$300,000 advance payment.
Erdene announced Q1 2026 results highlighting the achievement of commercial production at the Bayan Khundii gold mine with 96% gold recovery. The company also reported significant drill intercepts at Dark Horse South and progress on the Zuun Mod molybdenum-copper porphyry project.
Erdene reported its first quarter of commercial production at the Bayan Khundii gold mine, processing 151 thousand tonnes of ore. Gold recoveries averaged over 96%, exceeding the 93% forecast, while ore grades showed significant improvement toward the end of the quarter.
Entrée Resources has announced drill results from its Entrée/Oyu Tolgoi joint venture property in Mongolia, including high-grade copper-gold-silver intercepts from infill drilling at the Hugo North Extension (HNE) deposit and significant copper-molybdenum results from regional exploration at the Ulaan Khud target. The company also provided an update on the ongoing process to transfer JV mining licenses to OT LLC, which is necessary for underground development work. Several drill holes, particularly in regional exploration, returned no significant mineralization, and true widths were not provided for most intercepts.
Erdene reported its 2025 annual results, highlighted by the successful commencement of gold production at the Bayan Khundii mine, selling 7,434 ounces. The company also announced significant resource increases at the Zuun Mod molybdenum-copper project and entered an option agreement for the Tereg Uul copper-gold project.
Erdene Resource Development Corporation announced drill results from its Zuun Mod Molybdenum-Copper Project and Khuvyn Khar Copper Prospect in Mongolia, reporting multiple high-grade intercepts. Drilling at Zuun Mod confirmed continuity and improved grade in near-surface zones, with one hole intersecting 374 metres of 0.066% MoEq. At Khuvyn Khar, a hole returned 65 metres of 0.63% copper and 2.9 g/t silver, including a higher-grade zone. These results will be incorporated into an updated resource model and a Preliminary Economic Assessment targeted for mid-2026.
