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.
Company now has two highly prospective copper projects in Mongolia. Drilling commenced on Sharga Copper project in Q2 2021. Sharga’s first drilling results released December 2021, with a best result of 15.4 meters at 1.33% Copper and 0.94 g.t Gold. Exciting Victory Discovery at Baavhai Uul Project with 80% interest through JV agreement.
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. Aranjin’s projects, Bayan Undur and the Victory Discovery, are close to the Chinese border.
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.
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