1. Proven in-country team
The Management and Board of Aranjin have an unrivalled track record in developing and scaling mining projects – Hunnu Coal sold to Banpu Coal for $500m and Steppe Gold, now Mongolia’s top gold producer.
2. Highly prospective exploration portfolio
Company now has two highly prospective copper projects in Mongolia, with another acquisition pending. Drilling to commence on both Sharga Copper project and Bayan Undur in Q2 2021. Two additional acquisitions at an advanced stage. Sharga shows +30m at 1% copper.
3. Compelling location for Copper Supply
China’s preferred source for copper will be Belt and Road countries like Mongolia. Strong supply chains for copper concentrate already established through Oyu Tolgoi. Both Sharga and Bayan Undur are close to the Chinese border.
4. Strong Support for Mining in Mongolia
Mongolia has elected another majority government with strong, pro-mining credentials and we expect another term of stable policies. We expect to see strong government support for the mining sector and supporting infrastructure.