Have they calculated how much electricity will be required for phase 2 of the project? Or have they built a mining infrastructure from their fairy-tale FS? .... HAH. Does mngmnt still trying to make the Co private? .... Guess, yes.
Situation in Mongolia. Mongolia: Power supply disruptions likely to continue nationwide through at least late December.
https://crisis24.garda.com/alerts/2023/12/mongolia-power-supply-disruptions-likely-to-continue-nationwide-through-at-least-late-december Mongolia to restrict use of electricity due to possible shortage.
https://english.news.cn/20231213/0c407891a6db4deea235019daf950ae9/c.html The ongoing war in Ukraine might bring about a fuel supply crisis, which would present enormous challenges for the government and the public....
https://www.eastasiaforum.org/2023/12/28/mongolia-strengthens-independent-policy-despite-debt-and-corruption/ Russia's supplies constitute a significant portion of Mongolia's imports, particularly for certain commodities: over 90% of petroleum products, 27% of foodstuffs, and 30% of electric power...
https://www.intellinews.com/russia-mongolia-trade-flourishing-as-moscow-turns-east-for-new-markets-295862/ But they dreaming: The 2.4MW power supply required for the mining and processing operations is supplied using CAT 3512B diesel power generators having a maximum power generation capacity of 3.6MW. A hybrid solution diesel-renewable power plant is also proposed to be constructed...
https://www.mining-technology.com/projects/altan-tsagaan-ovoo-ato-gold-and-silver-project-dornod-mongolia/?cf-view Steppe Gold's ATO Gold Mine has received relevant approvals from the Ministry of Energy and National Dispatching Center to build and connect a high voltage power line system of 110/35/10 kV and use 10MW from the Dornod Province State Power Plant. This is a major milestone in the Phase 2 Expansion ....
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2601-tsx/stgo/127085-steppe-gold-reports-accelerating-progress-on-phase-2-expansion.html Power Update - Approval has been received from government agencies to provide grid power to the ATO Phase 2 Expansion. This landmark agreement will drive significant energy savings and will be a key infrastructure benefit for the ATO Gold Mine and its local communities. Will reduce expected cash costs by well in excess of $100/oz for Phase 2...
https://finance.yahoo.com/news/steppe-gold-reports-accelerating-progress-125000197.html Somewhere in Mongolia there is a Oasis. Rich in gold and low cost mining applicable....HAH. Joke of the Year.