Mongolia is a young, developing democracy that sits between Russia and the resource hungry China. Despite Mongolia being surrounded by mineral rich regions such as Siberia, Kazakhstan and Inner Mongolia, very little modern exploration has been conducted within the country. Russian explorers throughout the 1960’s and 1970’s focused attention on Mongolia which resulted in an extensive database of geological and geochemical maps and several world class discoveries.

More recently a rush of investment in Mongolia during the late 1990’s and into the next decade resulted in a number of significant discoveries including the Oyu Tolgoi copper-gold deposit. The signing of a stability agreement for the development of Ivanhoe and Rio Tinto’s flagship multibillion dollar Oyu Tolgoi copper-gold project, is a large vote of confidence by Mongolia in foreign investment and by Rio Tinto and Ivanhoe in Mongolia’s future.

With world class deposits such as Oyu Tolgoi (reported resources of 1.39b tonnes at 0.98% copper and 0.24 g/t gold as of March 2007) and Erdenet (reported resources of approximately 1.78b tonnes at 0.62% copper and 0.025% molybdenum) and with little modern exploration having been conducted over large areas of the country Mongolia has the potential to emerge as one of the most attractive exploration frontiers in the world. Mongolia’s location next to China provides a ready market for Mongolia’s mineral wealth.

Some images from our Mongolian Projects