Company Description: ADAMAS MINING was established in 2001 in Mongolia and has successfully undertaken exploration and the development of mineral deposits throughout the country. Over the last 20 years, the company has achieved notable successes with its team, conducting detailed exploration of minerals across over 200 projects, including coal, rare earths, gold, silver, polymetallics, and uranium.

Status: Advanced exploration with defined coal resources

Deposit Location: Eastern part of the Tugalgatain mountain range, approximately 270 km east of Ulaanbaatar; 70 km west of Ondorkhan (Khentii Province capital) and 40 km east of Jargaltkhaan soum; nearest power line ~18 km away

Deposit Type: Thermal coal deposit

Target Commodity: Thermal coal

Ore Resources: Total resources: ~299.2 Mt (Measured ~146.9 Mt; Indicated ~99.7 Mt; Inferred ~52.6 Mt)

Average Grade:

• Average calorific value (Qdaf): ~6,536 kcal/kg
• Average ash content: ~22–24%
• Average sulfur content: ~1.0%

Work Completed: Systematic exploration (2007–2011) including mapping, drilling, hydrogeological drilling, sampling, coal quality analysis, topographic surveying, and geophysical surveys

Drill Results:

• ~4,388 m of drilling
• ~225 m hydrogeological drilling
• 3 coal seams identified
• 19 drillhole intersections in Seam 1