BG
Bayantolgod Gold & Copper Exploration Project
Company Submitted
ProjectMiningExplorationRaisingOverview
- Industry
- Mining
- Company
- Mongolian Metals Corporation (MMC)
- Stage
- Exploration
- Location
- Shinejinst soum, Bayankhongor Province
- Coverage
- Company Submitted
Project Description
27,979-hectare licensed exploration area in Southwestern Mongolia with multiple targets (Copper Hill, Ulaan Tolgoi, Del Khad, Altan Tal, UST, Tourmaline Pipe, Dush Uul, Khar Ovoo), adjacent to Erdene Resource Development's Bayan Khundii project
About the Company
MMC is a British Virgin Islands-registered exploration company focused exclusively on copper and gold in Mongolia. Ownership: 56% French family investors, 11% APIP, 33% other investors. Licenses are held via Topazstone Mining LLC (100% owner of the Bayantolgod and Khongor mining licenses), under three wholly owned subsidiaries (Jinst Metal, Gunzag Mining, Belgravia Mining).
Key Metrics
- Deposit Type
- Porphyry copper-gold; epithermal gold-silver; potential VMS
- Target Commodity
- Gold, copper, silver
- Deposit Location
- Shinejinst soum, Bayankhongor Province, Southwestern Mongolia (Edren island arc terrane)
- License Area
- 27,979 ha (Bayantolgod); plus Khongor license. Two mining licenses: MV-022148 and MV-021982.
Exploration & Technical Work
- Work Completed
- 12+ years of geological groundwork: geological mapping, geochemical sampling, ground magnetics, IP and resistivity surveys; 70 trenches totaling 2,450 m³; 29 diamond drill holes totaling 1,992.3 m at Tourmaline Pipe; topographical, archaeological, and paleontological studies for mining license approval; SRK Consulting site visit and metallogenic study (Nov 2022); soil samples collected at Ulaan Tolgoi (not yet assayed).
Investment & Development
- Investment Required
- USD 1.0 million equity raise for the 2025–2026 program (note: the full stated budget is USD 1.55M / MNT 8.64B)
- Use of Funds
- Exploration & drilling ~63%; mining license fees (2025–2026) ~20%; overdue payables & salaries ~9%; SRK technical contract ~6%; laboratory & ESG (water well) ~2%
- Expected Returns / Impact
- Resource de-risking and valuation uplift via drilling and NI 43-101 / JORC-compliant resource definition; regional employment; contribution to copper supply for the energy transition
- Strategic Partners
- SRK Consulting, New Meek LLC (exploration contractor), SGS Laboratory; adjacency to Erdene Resource Development (TSE: ERD)
- Exit Options
- Strategic JV with established mining groups; sale of project/licenses; international IPO targeted Q2 2027