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Briefly about the projects - information for potential investors

"Mongolrostsvetmet" has 4 exploration licenses , 26 operational special licenses, total of 30 licenses as of 1st October 2016.

Of these, by the types of minerals:

· Fluorspar – 13 operational special licence,

· Gold - 4 exploratory, operational 6, a total of 10 special licenses.

· Silver, polymetals - 4 operational,

· Iron -1 operational,

· Polymetals -1 operational,

· Copper - 1 explorational,

We are planning to expand our activities by initiating projects in gold mining and fluorspar production. These projects are aimed at diversifying production and we invite potential investors to cooperate with us to implement our projects.

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 The Project "Zuun Tsagaan Del"

The project to build an underground mine at Zuun Tsagaan Del The "Zuun-Tsagaan Del" fluorite deposit is located on the territory Ikh-khet soum of Dornogovi aimag.

Operational special license number №MV-011722, the total area of 141.8 hectar. Location:

- From Ulaanbaatar city - 280 км,

- Aimag centre Sainshand city - 180 км,

- Bor-Undur mining corporation - 60 км,

Zuun Tsagaan Del fluorite deposit is operated as an open pit mine. The remaining B+C reserves on 01.01.2015:

- B+C reserve 4.478 mln.tn.

- The average content of 33.35% fluorite.

It is planned to operate with an underground mining.

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The project to expand "Urgun" mine

The "Urgun"fluorite deposit is located on the territory of Urgyen soum, Dornogovi aimag. Operational special license №MV-000164, №MV-012884, №MV-013440, the total area of 77.7 hectar. It is located south-eastern part of Mongolia 535 km from Ulaanbaatar, 180 kilometers from the Mongolian-Chinese border Zamiin Uud. The "Urgun " mine is located along the railway line and has well developed infrastructure network.

    -  The mine is developed as an open pit mine since 1987.

    -  The remaining reserves of "Urgun"mine is 3.9 mln.tonn  of fluorite ores category B + C, the average content of ore 42.99%, CaCO3 contained up to 13% in some ore bodies as of 01.01.2015. 

    -  Working to build small scale processing plant to produce final product.

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The project “Khyargas lake” – Copper deposit

In 2003, "Mongorostsvetmet" LLC acquired a license to conduct exploration work in the area of ​​"Khyargas lake" in the western part of Mongolia on the territory of Naranbulag soum, Uvs aimag. 1100 km from Ulaanbaatar, 1200-1400m elevated from the sea level /№ explorational special license-6483H, total area -24184.96 ha /.

In the licensed area, following exploration work carried out:

• Exploratory geological routes with geochemical sampling,

• Geological survey scale of 1: 25,000 for the entire area, and 1: 10,000 - by promising areas, in conjunction with geochemical shooting,

• Geophysical work ( magnetic and electromagnetics)

• Drilling,

• Mining.

In 2007, the results of the search and grading rules of work in the square, probable reserves are estimated at 15 tons of gold. In 2011-2012, exploration drillings were conducted on 120 hectares, or 0,5% of the total license area. According to the results of drilling copper reserves have been approved for category B + C at 1.9 mln.tn ore with an average grade of 0.77%, while category P 260.1 thousand tons of ore with an average grade of 0.03% copper.

On the basis of section 23.3, Article 23 of the Law "On Mineral Resources" signed a contract №AOUA 2012/09/62, dated 30.05.2012 with the Mineral resources authority to conduct pre-operational activities  for a period of 3 years.

We have completed the feasibility study of Kharaat copper deposit based on the actual reserve and defended to the “Mineral resources professional committee”, according to the Order №224 of the Head of Mineral Resources Authority dated 20 April 2012 and the Pre-operational activity contract №AOUA-2012/09/62.

“Mongolrostsvetmet” LLC has obtained “Khyargas lake” deposit the operational license of 15 tonn gold by reserve and resource degrees on 7260,73 ha prospective area.

As a result of geological exploration, there are promising areas for copper, iron, gold and other metals detected, more detailed study of the entire area required.

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Main activity :

Fluorspar mining and fluorspar production
Gold mining
Exploration and geological survey works
Iron ore mining and processing coming soon

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