high growth exploration & near-production assets
Mongolian, coal, copper/molybdenum & North American industrial mineral and coal projects
Erdene Resource Development Corp., (TSX: ERD) provides investors with a stable platform for investment in the mineral exploration sector by combining near-term cash flow projects with diversified, high growth exploration opportunities.
ERD is a diversified resource development company with multiple projects at various stages of development from exploration to production all focused on high-growth commodities.
These projects include the:
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Zuun Mod molybdenum project in Mongolia;
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a 25:75 joint venture with Xstrata Coal Canada Ltd. on the Donkin Coal Project in eastern Canada which is currently being evaluated for phase I development;
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an Alliance Agreement with Xstrata whereby they fully fund ERD's coal exploration and development program in Mongolia with the right to acquire a 75% interest in any coal project submitted to them by ERD;
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ownership of multiple kaolin deposits and a construction materials deposit in Georgia, USA, some currently in production under royalty agreement and others in the development stage.
ERD has a working capital position of approximately $18.1 million with 89,230,877 common shares issued and outstanding and a fully diluted share position of 98,445,852 common shares.
High Growth, Diversified Exploration Opportunities
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100% owned Zuun Mod molybdenum/copper project in Mongolia
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25% interest in the Donkin Coal Alliance with Xstrata Coal Canada Limited (Xstrata Coal) in Nova Scotia, Canada.
In addition, Erdene has royalty agreements with JM Huber Corporation and Ready Mix USA as operators and developers in the southeast U.S. for the Company's kaolin clay and aggregate projects.
Erdene continues to actively explore for additional industrial minerals opportunities in North America that are located to provide strategic market advantage to the growth areas of the eastern seaboard of the U.S.
The company's Mongolian exploration properties are focused on base metals (molybdenum and copper) led by the Zuun Mod molybdenum project, precious metals (gold) and energy (coal). Erdene has also established strategic alliances and joint ventures with industry leaders such as Xstrata Coal who are fully funding the Company's Mongolia coal projects through to feasibility.
The base and precious metal projects are operated by the company's experienced exploration team.