Latest Mongolia News

Orbminco Limited has successfully closed its entitlement offer, raising $0.23 million, while planning to place a significant shortfall of 852 million shares within the next three months.

Asian Battery Metals PLC is set to launch its 2025 Phase 3 exploration program at the Oval Cu-Ni project in Mongolia, aiming to extend high-grade mineralisation and explore new geophysical targets with up to 1500 metres of diamond drilling.

Orbminco Limited has defined significant new drill targets at its Bronze Fox Copper-Gold Project in Southern Mongolia, following promising trench sampling results and geophysical surveys. The company is gearing up for an expanded drilling campaign in mid-2025 to explore these high-potential zones.

Jade Gas Holdings has made significant strides in its coal bed methane project in Mongolia, completing key wells and securing A$3.63 million to accelerate its gas production strategy targeting 2025 gas flows.

Xanadu Mines has delivered a landmark Pre-Feasibility Study and Maiden Ore Reserve for its Kharmagtai Copper-Gold Project, confirming its status as a world-class asset. The company also secured $7.5 million in funding and transitioned project operatorship to Zijin Mining, setting the stage for a Bankable Feasibility Study.

FinTech Chain Limited reports a robust increase in cash balances and positive operating cash flow for Q3 2024, alongside new contract wins and ongoing legal proceedings related to a past misappropriation case.

Aspire Mining Limited has made significant strides in developing its Ovoot Coking Coal Project, progressing construction tenders and customer engagement despite a challenging coal market.

Elixir Energy wraps up Daydream-2 well operations and prepares for next appraisal in a strengthening gas market, while progressing farmout talks for Australian and Mongolian assets.

Asian Battery Metals reports significant high-grade copper-nickel-PGE intercepts at its Yambat Oval project, confirming the potential for a sizeable magmatic sulphide system. The company plans an aggressive exploration campaign in 2025, backed by a solid cash position.

Orbminco Limited reports encouraging diamond drilling results at its Bronze Fox Copper-Gold Project in Mongolia, alongside progress on divesting its Mt Venn Project in Western Australia.

Kincora Copper Limited has unveiled an updated investor presentation outlining its aggressive push towards Tier-1 copper-gold discoveries, backed by over $60 million in partner funding and ramped-up drilling programs across New South Wales and Mongolia.

Monadelphous Group Limited signals a stronger-than-expected half-year profit, driven by improved operating margins and favourable non-operating items.