Erdene Resource Development Corp T.ERD

Alternate Symbol(s): ERDCF

Metals & Mining Industrial Metals & Minerals

Erdene Resource Development Corp. is a Canada-based resource company focused on the acquisition, exploration and development of precious and base metals in underexplored and highly prospective Mongolia. It has interests in three mining licenses and an exploration license in Southwest Mongolia. Its projects include Khundii Minerals District, Bayan Khundii Gold Project, Altan Nar, Greater Dark Horse, Ulaan, Zuun Mod and Khuvyn Khar. Its projects are located in the eastern portion of the Central Asian Orogenic belt. The Bayan Khundii mining license covers 2,309 hectares and, in addition to the Bayan Khundii high-grade gold deposit, includes its highly prospective 20 square kilometers greater Dark Horse prospect area, including the Dark Horse Mane high-grade gold discovery. The Zuun Mod Molybdenum-Copper Project is a porphyry molybdenum-copper deposit. The Altan Nar mining license covers 4,669 hectares. The central and northern portion of the Ulaan license hosts a porphyry copper prospect.

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Erdene Resource Development Corp

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Comment by GOODVIBEon Oct 06, 2011 12:54pm

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Post# 19126126

RE: xstrata taking their time

When you look through Xstrata's latest semi-annual report (as of June 30 2011) its clear they have lots on the go and maybe some things like currently operating mines that were damaged by flooding have been higher priorities.

However, it does seem like they are well aware of the potential benefits of operating in Canada (recent acquisitions, etc) so I surmise they're going to want to get going on Donkin to support their 50% growth target for 2014.

https://www.xstrata.com/content/assets/pdf/xta-ir2011_en.pdf

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