Erdene Resource Development Corp's (TSX:ERD, OTC:ERDCF) president and CEO, Peter Akerley has hailed the year as "one of great success" for the company in a letter to shareholders.
Akerley noted that the company entered a strategic alliance to bring the Bayan Khundii Gold Project to production while continuing to see exploration success in the Khundii Minerals District in southwestern Mongolia.
He said: “In Mongolia more generally, we saw the commissioning of the underground phase of the Oyu Tolgoi copper-gold mine earlier this year, positioning this project to become the fourth-largest copper-gold mine globally."
The president and CEO added: “I see many similarities between southeastern Mongolia, where Oyu Tolgoi is located, and our Khundii Minerals District. The opportunity now is for Erdene to be the catalyst for history to repeat itself in southwestern Mongolia.”
The full letter can be accessed via the following link: https://erdene.com/site/assets/files/4407/letter_to_shareholders.pdf
Erdene Resource Development is a Canada-based resource company focused on the acquisition, exploration, and development of precious and base metals in underexplored and highly prospective Mongolia.
The company has interests in three mining licenses and an exploration license in Southwest Mongolia, where exploration success has led to the discovery and definition of the Khundii Minerals District. It s listed on the Toronto and the Mongolian stock exchanges.
Contact the author at jon.hopkins@proactiveinvestors.com