The proven gold reserves of the Bayan Khundii gold mine project in southwestern Mongolia are 521,000 ounces (about 14.77 tons), and the average gold grade is 3.16 g/t. The approved proven recoverable reserves are 40,900 ounces (about 1.16 tons), with an average gold grade of 3.71 g/t. Combined with the grade and characteristics of Mongolia’s gold resources, the Mongolian government’s

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