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SouthGobi Resources Ltd V.SGQ

Alternate Symbol(s):  SGQRF

Energy
SouthGobi Resources Ltd. is an integrated coal mining, development and exploration company. It owns a 100% interest in the Ovoot Tolgoi open pit coal mine (the Ovoot Tolgoi Mine), and in the development projects, the Soumber Deposit and the Zag Suuj Deposit. These projects are located in the Umnugobi Aimag (South Gobi Province) of Mongolia, all of which are located within 150 kilometers (km) of each other and in close proximity to the Chinese-Mongolian border. The Ovoot Tolgoi Mine, strategically located over 40km from the Shivee Khuren-Ceke crossing at the China-Mongolia border (Shivee Khuren Border Crossing), is its flagship asset. The Ovoot Tolgoi Mine has two distinct pits: the Sunrise and Sunset pits. The Soumber Deposit includes Central Soumber, East Soumber, Biluut, South Biluut and Jargalant Fields, is located approximately 20km east of the Ovoot Tolgoi Mine. The Zag Suuj Deposit, located over 150km east of the Ovoot Tolgoi Mine and over 80km north of the Mongolia-China border.


TSXV:SGQ - Post by User

SouthGobi Resources Ltd
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Post by fibonnacion Dec 17, 2023 10:05pm
167 Views
Post# 35789153

China deep freeze and storms…..

China deep freeze and storms…..

Are crippling the country recently. 

Thermal prices spiking and mongolian coal miners all at multi year highs. 

Would be nice to see sgq get some volume on the tsxv this week to match the trading overseas. 

Regardless feels like the run is going to continue on these mongolian coal stocks. Glta

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