Erdene Resource Development Corporation (TSE:ERD) has released an update.
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Erdene Resource Development Corp. announced positive Q1 2024 results, launching construction of the Bayan Khundii Gold Project in partnership with Mongolian Mining Corporation, set to become Mongolia’s largest primary gold producer. The project is on track, with 15% of construction completed and first gold expected in Q2 2025. The company has also initiated its 2024 exploration program to expand resources in the highly prospective Khundii Minerals District.
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