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Entrée Resources Announces Fiscal Year 2018 Results and Reviews Corporate Highlights
Entrée Resources Announces Fiscal Year 2018 Results and Reviews Corporate Highlights ...
About this update from Entree Resources Ltd
[{"type":"text","content":"\n\n\n\nEntrée Resources Announces Fiscal Year 2018 Results and Reviews Corporate Highlights\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, April 1, 2019\n\n\n\nVANCOUVER, April 1, 2019 /CNW/ - Entrée Resources Ltd. (TSX:ETG; NYSE American:EGI – the \"Company\" or \"Entrée\") has today filed its annual operational and financial results for the year ended December 31, 2018. All numbers are in U.S. dollars unless otherwise noted.\n\n \n \n\n \n2018 HIGHLIGHTS Entrée/Oyu Tolgoi Joint Venture Property, Mongolia\nOn January 15, 2018, the Company reported the results of an updated Technical Report titled \"Entrée/Oyu Tolgoi Joint Venture Project, Mongolia, NI 43-101 Technical Report\" (the \"2018 Technical Report\") that was completed by Wood Canada Limited (formerly Amec Foster Wheeler Americas Limited) on its interest in the Entrée/Oyu Tolgoi joint venture property in Mongolia (the \"Entrée/Oyu Tolgoi JV Property\"). The Entrée/Oyu Tolgoi JV Property comprises a significant portion of the long-life, high-grade Oyu Tolgoi copper-gold mining project in Mongolia. The 2018 Technical Report discusses two development scenarios, an updated reserve case (the \"2018 Reserve Case\") and a Life-of-Mine Preliminary Economic Assessment (the \"2018 PEA\").  The 2018 Reserve Case is based only on mineral reserves attributable to the Entrée/Oyu Tolgoi joint venture from the first lift (\"Lift 1\") of the Hugo North Extension underground block cave. Lift 1 of Hugo North (including Hugo North Extension) is in development by project operator Rio Tinto, with first development production from Hugo North Extension currently expected in 2021. When completed, Oyu Tolgoi will become the world's third largest copper mine. On February 28, 2018, the Company filed the 2018 Technical Report on SEDAR and on the Company's website. As reported by Turquoise Hill Resources Ltd. (\"Turquoise Hill\") in their News Release dated March 14, 2019: The main focus for Turquoise Hill during 2018 was Oyu Tolgoi underg...