2% NSR royalty on advanced exploration copper and silver deposit in Mongolia
Aranjin Resources Ltd.
2% Net Smelter Return Royalty
(with a Right of First Refusal on any future metal stream)
The Bayan Undur project is located in the Bayankhongor Province of Mogolia, approximately 980 km southwest of the capital, Ulaanbaatar. The project covers a total land package of 2,774 hectares and consists of four mining licenses with 30-year terms. Historic exploration includes over 57,000 m of diamond and RC drilling, 2,000 m3 of trenching, detailed geological mapping and geochemical sampling.