Erdene Resource Development Corp. (TSX:ERD; MSE:ERDN) announced operating and financial results for the year ended December 31, 2019, and provides an update on its Khundii Gold Project, including potential impacts of the novel coronavirus (COVID-19). 

The company's exploration and pre-development successes over the past year have positioned the Company to advance rapidly through the initial stages of the Bankable Feasibility Study (“BFS”) for the high-grade, near-surface, Khundii Gold Project. During the past year, the company delivered both the Preliminary Economic Assessments (“PEA”) for two deposits and the Pre-Feasibility Study (“PFS”) for Bayan Khundii, established an open-pit mineable reserve of over 400,000 ounces grading 3.7 g/t gold, secured two mining licenses, registered water resources, obtained land use permits and added ounces through exploration. 

Click here to view the full press release.