Erdene Resource Development Corporation JSC. (TSX: ERD; MSE: ERDN) ("Erdene" or the "Company") is pleased to announce operating and financial results for the year ended December 31, 2023, and to provide an update on progress at its Bayan Khundii Gold Project (“BK” or “Project”). 

Peter Akerley, Erdene’s President and CEO stated, “The past year was a transformative period for Erdene with the striking of our Strategic Alliance with Mongolian Mining Corporation (“MMC”), Mongolia’s leading publicly traded mining company, the commencement of construction at the Bayan Khundii gold project and continued exploration success across the Khundii Minerals District.”

With early works complete, project finance secured, long lead orders now arriving at the site and the 2024 construction season underway, they are on track to produce the first gold at Bayan Khundii in Q2 2025.

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