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Erdene Resource Development Corp.

opaxe

Summary

Project:

Khundii

Deposit:Khundii
Location:Mongolia
Commodities:Gold
Date:6/4/2020
Report Code:(Enviro)
Report Type:EIA/ESIA
Project Stage:Pursuing Pre-Feasibility Study
Report details:4-6-2020: Erdene Resource Development Corp. announces an EIA/ESIA report for its Khundii deposit at the Khundii project. ESIA completed for Khundii Gold Project. Erdene Resource Development Corp. (TSX:ERD; MSE:ERDN) ("Erdene" or the "Company") is pleased
Resources:(not mentioned in this report0
CP/QP:[Overall Report] ()
ABSTRACT:Erdene Resource Development Corp. (TSX:ERD; MSE:ERDN) ("Erdene" or the "Company") is pleased to announce completion of an independent Environmental and Social Impact Assessment (“ESIA”) for the 100%-owned, highgrade, open-pit Khundii Gold Project (“Project”) in southwest Mongolia. The ESIA was prepared in accordance with the Performance Requirements of the European Bank for Reconstruction and Development (“EBRD”) by Sustainability East Asia LLC (“SEA”), in consortium with Ramboll Australia Pty Ltd (“Ramboll”) and Eco Trade LLC (“Eco Trade”). Considering the outcomes of the EBRD-compliant ESIA, the Mongolian statutory Detailed Environmental Impact Assessment (“DEIA”) for the Bayan Khundii deposit has been prepared by Eco Trade LLC in accordance with the applicable national standards. Local stakeholder consultations on the DEIA are planned for completion in mid-2020. Following the consultations, the company will submit its statutory DEIA to the Ministry of Environment and Tourism of Mongolia for approval.

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