Business
Entrée Resources Announces Third Quarter 2017 Financial Results
Entrée Resources Announces Third Quarter 2017 Financial Results Canada NewsWi...
About this update from Entree Resources Ltd
[{"type":"text","content":"\n\n\n\nEntrée Resources Announces Third Quarter 2017 Financial Results\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, Nov. 14, 2017\n\n\n\nVANCOUVER, Nov. 14, 2017 /CNW/ - Entrée Resources Ltd. (TSX:ETG; NYSE American:EGI – the \"Company\" or \"Entrée\") is pleased to report its financial results for the three and nine months ended September 30, 2017. Details of the Company's third quarter 2017 financial results are contained in the unaudited consolidated financial statements and management's discussion and analysis, which are available on the Company's website at www.EntreeResourcesLtd.com, on SEDAR at www.sedar.com and on EDGAR at www.sec.gov. All figures are in US dollars unless otherwise noted.\n\nTHIRD QUARTER 2017 HIGHLIGHTS \n\nEntrée/Oyu Tolgoi JV Property\n\n\nEntrée has engaged its consultants, Amec Foster Wheeler Americas Limited (\"Amec Foster Wheeler\") to commence work on an updated National Instrument 43-101 Technical Report (the \"Technical Report\") on Entrée's 20% participating interest in the Entrée/Oyu Tolgoi joint venture (\"Entrée/Oyu Tolgoi JV\") in Mongolia. Completion of the Technical Report will be a significant milestone for the Company as it will enable management to discuss preliminary economics for potential future phases of the Oyu Tolgoi mine, where a significant amount of the Entrée/Oyu Tolgoi JV's mineralization occurs, thereby helping investors to understand the underlying value of Entrée's flagship asset. The updated Technical Report will include:\n\nan updated reserve case for the first lift (\"Lift 1\") of the Hugo North Extension block cave on the Entrée/Oyu Tolgoi JV property. The reserve will be based on information contained within the 2016 Oyu Tolgoi Feasibility Study finalized in May 2016 by Entrée's joint venture partner Oyu Tolgoi LLC (\"OTLLC\"). First development production from Lift 1 on the Entrée/Oyu Tolgoi JV property is expected in approximately 2021; and\na Preliminary Economic Assessment of Entrée's interest i...