ERD commences BFS of Khundii gold project
4 өдөр, 9 цаг өмнө
Erdene Resource Development Corp. (ERD) announced the commencement of an independent Bankable Feasibility Study (BFS) and Front-End Engineering and Design (FEED) work for the Khundii Gold Project, to be delivered by a consortium of International and Mongolian consultants, the company said in a report. The company also provided an update on recent technical, permitting and exploration initiatives “With an initial open-pit reserve of over 400,000 ounces grading 3.7 g/t gold and further resources and prospects in the vicinity, Erdene is positioned to emerge as a profitable new producer,” said Peter Akerley, Erdene’s President and CEO. “Moving us closer to that goal of gold production is the recent launch of the Khundii Gold Project Bankable Feasibility Study, scheduled for completion in mid-2020. This BFS will be delivered by a consortium of consultants with experience operating in Mongolia and relationships with Asian firms that are likely to provide equipment and capital to the Project,” he added. In late December 2019, ERD launched the FEED and BFS required for permitting, project finance, and board approval to construct. The independent BFS will be prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101) and will incorporate an updated mine design study, FEED for the processing plant and associated infrastructure, a hydrogeological study, detailed waste management plans, and an updated economic model. The company expects to deliver the BFS in mid-2020.