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Entrée Resources Announces Fiscal Year 2020 Results and Reviews Corporate Highlights
Entrée Resources Announces Fiscal Year 2020 Results and Reviews Corporate Highlights...
About this update from Entree Resources Ltd
[{"type":"text","content":"\n \n \n \n Entrée Resources Announces Fiscal Year 2020 Results and Reviews Corporate Highlights\n \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 Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n March 31, 2021\n \n /CNW/ - Entrée Resources Ltd. (TSX: ETG) (OTCQB: ERLFF) (the \"\n \n Company\n \n \" or \"\n \n Entrée\n \n \") has today filed its annual operational and financial results for the year ended\n \n December 31, 2020\n \n . All numbers are in U.S. dollars unless otherwise noted.\n \n \n \n 2020 HIGHLIGHTS\n \n \n \n Oyu Tolgoi Underground Development\n \n \n The Oyu Tolgoi project in\n \n Mongolia\n \n includes two separate land holdings: the Oyu Tolgoi mining licence, which is held by Entrée's joint venture partner Oyu Tolgoi LLC (\"\n \n OTLLC\n \n \") and the Entrée/Oyu Tolgoi joint venture property (the \"\n \n Entrée/Oyu Tolgoi JV Property\n \n \"), which is a partnership between Entrée and OTLLC. On\n \n March 8, 2021\n \n , OTLLC's 66% shareholder Turquoise Hill Resources Ltd. (\"\n \n Turquoise Hill\n \n \") provided an update on underground development on the Oyu Tolgoi mining licence:\n \n \n \n Work on the Oyu Tolgoi underground project has continued to materially progress in line with the Definitive Estimate (as defined below) despite COVID-19 controls and ongoing travel restrictions implemented by the Government of\n \n Mongolia\n \n . Ongoing impacts to domestic and international movement could have an impact on key project milestones on the Oyu Tolgoi mining licence.\n \n \n \n \n Overall, underground lateral development has now reached 53,000 equivalent metres with development required before first drawbell on the Oyu Tolgoi mining licence substantially complete. More than one million tonnes of underground material has moved through Shaft 2 since commissioning and scheduled annual maintenance of Shaft 2 was successfully completed in\n \n October 2020\n \n using remote technology. Materials Handling System 1 progress continues with civil work complete on Primary Crush...