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Steppe Gold: Live from Mongolia - 15 Minute Site Update

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Mon, April 25, 2022 at 8:30 AMendedReplay
Steppe Gold: Live from Mongolia - 15 Minute Site Update

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Meeting Overview The meeting was a live investment summit hosted by Stepgold, featuring updates from the President and CEO, Bata Tumuroshu, and Executive Vice President, Anil Warich. Key topics included production updates, exploration developments, and recent government support for the mining sector in Mongolia. Key Discussion Points - Resumption of full production as of March 1st, with significant recoverable gold amounts reported. - Successful shipment of reagents to the mining site, enabling ongoing operations. - Recent updates on exploration activities, including high-grade zinc discoveries. - Government initiatives in Mongolia to support gold production, including a 5% premium on gold prices. - Plans for aggressive exploration programs and the development of flotation plants for zinc and lead processing. Decisions Made - No explicit decisions recorded. Action Items & Next Steps - [Unassigned] : Follow up with the technical team to answer questions regarding production costs for...

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[Speaker identities could not be resolved; generic labels used] [00:08] Speaker 1: Hello everyone and welcome to Stepgold's live investment summit today, hosted by 6. I'm pleased to introduce our speakers for today, Bata Tumuroshu, President and CEO, and Anil Warich, [00:19] Speaker 1: Executive Vice President. [00:21] Speaker 1: They're joining us live from Mongolia to provide us with a 15-minute shareholder brief, and afterwards our presenters will be accepting questions. [00:28] Speaker 1: As a reminder, you can submit your questions at any time using the Q&A panel found on the right hand side of your screen. [00:35] Speaker 1: As always the sum is being recorded and will be available to watch afterwards on six.com. [00:40] Speaker 1: Now without further ado I'll hand it over to Batat to kick things off. [00:45] Speaker 2: Okay [00:46] Speaker 2: thank you, thank you very much for having me and thank you everybody for joining us today. [00:51] Speaker 2: And so the latest updates would be, [00:54] Speaker 2: we announced we came back in full production March 1st. So starting from March we received the reagents and actually [01:01] Speaker 2: now we're receiving the 4th 1. Just now, 2 hours ago, we just received another new batch of reagents to the country, [01:09] Speaker 2: and it took it to the ship to the site. [01:11] Speaker 2: And so far, [01:13] Speaker 2: we have, [01:16] Speaker 2: on the leach bed, we have 33, 000 ounces of gold, recoverable gold, and on the ramp we have 10, 000 and 23, 000 ounces of recoverable gold, and they blasted 81 [01:27] Speaker 2: and 4 pits. [01:29] Speaker 2: So as of March 31st, we do have [01:32] Speaker 2: 76, 000 ounces of recoverable gold underground. [01:35] Speaker 2: So even though we had some reagent issues last year,...