Erdene Resource Development (ERD) Corp., dual-listed on the Mongolian Stock Exchange and the Toronto Stock Exchange, is planning to release an initial mineral resource estimate report for its flagship Bayan Khundii gold project in the third quarter of 2018, as well as preliminary economic assessments for its Altan Nar and Bayan-Khundii projects in Q4.
The company is transitioning its projects from exploration to production. ERD’s exploration expenses amounted to 3.1 million CAD in the first half of 2018, a decrease of 34 percent compared to the same period in 2017.