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Bayan Khundii a high-return platform for growth

A bankable feasibility study on Erdene Resource Development’s Bayan Khundii (BK) gold project in Mongolia has confirmed robust economics for the project at conservative metal prices, demonstrating the “high-return nature” of the base case development scenario, says CEO and president Peter Akerley.

Bayan Khundii a high-return platform for growth Bayan Khundii a high-return platform for growth Bayan Khundii a high-return platform for growth Bayan Khundii a high-return platform for growth Bayan Khundii a high-return platform for growth

Erdene Resources has produced a strong bankable feasibility study for its flagship Bayan Khundii gold project in Mongolia

At US$1,400/oz gold, the BFS calculated a base case NPV (5% discount) of $100 million and a 42% IRR, with both metrics respectively increasing to $216 million and 77% at $1,800/oz gold.