Strategic Location

The project is located near the town of Gobi Altai, just a half-hour drive from the mining area. Gobi Altai is approximately 1,000 kilometers from Ulaanbaatar, Mongolia's capital, providing a relatively accessible location for both transportation and logistical support.

Access & Infrastructure

The project site benefits from well-established infrastructure, including a small, paved runway airport located just 2 kilometers west of Gobi Altai. Weekly flights connect Gobi Altai to Ulaanbaatar, ensuring ease of travel for staff and stakeholders. Additionally, the area is equipped with a reliable supply of electricity, water, and essential facilities such as lodging, medical services, and manpower, all of which are crucial for the successful operation of a mining project in this remote region.

Concession Area & License

The Altangadas gold mining project is located on a concession area covered by a prospecting mining license (License No: MV-022094), valid for 30 years. The concession spans 7,799.79 hectares, providing ample space for exploration, development, and eventual production activities. This large land area offers significant potential for the discovery and extraction of high-value gold resources.

Geography & Terrain

The project site benefits from well-established infrastructure, including a small, paved runway airport located just 2 kilometers west of Gobi Altai. Weekly flights connect Gobi Altai to Ulaanbaatar, ensuring ease of travel for staff and stakeholders. Additionally, the area is equipped with a reliable supply of electricity, water, and essential facilities such as lodging, medical services, and manpower, all of which are crucial for the successful operation of a mining project in this remote region.

Climate

Western Mongolia is known for its harsh climate, particularly during the winter months. The region experiences cold, windy conditions from spring to autumn, with average temperatures ranging from -10°C to 6°C. Winters are particularly severe, with temperatures often dropping between -19°C and -27°C. Summer temperatures can soar to 40°C in July, while the winter frost can extend to 12 meters deep. The extreme weather conditions, including a seven-month cold season.

Geological Potential

The Altangadas project is located within a highly prospective gold-mineralized environment, influenced by the region's favorable geological settings. The project area lies close to other well-established gold exploration and mining ventures. Notably, Khan Altai, a gold operation situated approximately 95 kilometers southeast of the Altai city and 40 kilometers southeast of Altangadas, has developed into a successful mine with a reported gold resource of 41.58 tonnes. Additionally, a Carbon-in-Leach (CIL) plant is being established in the area to process gold ore, underscoring the region's potential for large-scale, high-quality gold production.