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Erdene Announces Q1 2025 Results and Provides Bayan Khundii Project Update
HALIFAX, Nova Scotia, May 14, 2025 (GLOBE NEWSWIRE) -- Erdene Resource Development Corp. (TSX:E...
About this update from Erdene Resource Development Corporation
[{"type":"text","content":"Erdene Announces Q1 2025 Results and Provides Bayan Khundii Project Update\n\n\n\n HALIFAX, Nova Scotia, May 14, 2025 (GLOBE NEWSWIRE) --\n \n Erdene Resource Development Corp. (TSX:ERD; MSE:ERDN) (\"Erdene\" or the \"Company\")\n \n is pleased to announce operating and financial results for the quarter ended March 31, 2025, and to provide an update on progress at the Bayan Khundii Gold Project (“BK” or “Project”), being developed with Mongolian Mining Corporation (“MMC”). This release should be read in conjunction with the Company’s Q1 2025 Financial Statements and MD&A, available on the Company’s website and SEDAR+. All dollars are Canadian unless otherwise noted.\n \n\n Peter Akerley, Erdene’s President and CEO stated, “The team made great progress safely advancing BK towards production during the first quarter. With over 700 personnel on-site, the Project is currently 92% complete as we work towards first gold in late Q3 2025.”\n \n\n Mr. Akerley continued, “We have commissioned the Project’s first ten facilities and expect to commission the balance of non-process infrastructure in Q2, including the accommodation village, 240 kilometre overhead transmission project and laboratory. The process plant stands at 90% complete, with detailed piping, electrical and instrumentation work, as well as completion of the conveyor, crushing and grinding station remaining. Concurrently, the mining fleet has begun to arrive at site and training and initial earthworks are underway.”\n \n\n Mr. Akerley concluded, “Infill drilling reported in late Q1 2025 confirmed the high-grade nature of the Bayan Khundii deposit, and in some cases expanded mineralization. Drilling of a further 200 shallow holes in these expansion areas is now underway, the results of which will be incorporated into an updated BK mine plan in the coming months. With its high grades and potential for expansion, the Bayan Khundii deposit is the cornerstone mine development in the prospective, underexplored Khundii Minerals District.”\n \n\n\n Q1 2025 Highlights and Significant Subsequent Events:\n \n\n\n\n\n\n\n\n Images – clockwise from top left: Bayan Khundii Site Overview, Chemical Storage, Accommodation Village, Crushing Circuit and Process Plant Inter...