Erdene Resource Development Corp. (TSX:ERD; MSE:ERDN) has announced that the Mineral Resource and Petroleum Authority of Mongolia issued Mining License MV-021444 for Erdene’s Bayan Khundii resource on August 5, 2019.
“Receipt of the Bayan Khundii Mining License is a major milestone in the development of the high-grade, open-pit Khundii Gold Project. Securing this license provides us long-term tenure over the Bayan Khundii resource that will form the cornerstone of the project. We are rapidly advancing towards initial production of 50,000 ounces per year, while continuing to expand resources through exploration and acquisition within the Khundii Gold District.” said Peter Akerley, Erdene’s President and CEO.
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