We’ve invested in an operational high-grade gold mine – the only underground gold mine currently in commercial production in Mongolia.

Located in Mongolia's Bayankhongor Province, the investment is a high-grade, narrow-vein JORC compliant deposit of 212,500 ounces at 8.7 g/t.

Currently being mined at Vein One, the resource has a 10 economically-mineable veins, plus enormous upside potential to extend on both strike and dip from the JORC defined resource.

We own 13 prospective licences in Mongolia, covering a total area of 474 km² – offering significant organic growth potential through further exploration and development of those licenses.

With such room for growth, we’re raising our investment in this pure play gold producer.

Near-term catalysts are ramping up to full underground production, main-line power connection, commencement of open-pit mining and installation of a CIL plant.

Our exit strategy has IPO potential within 24 months on a major mining exchange.