Erdene Releases 2025 Shareholder Letter

Core Viewpoint - Erdene Resource Development Corporation is set to commence production at the Bayan Khundii project, which is characterized as one of the highest-grade open-pit gold mines globally, with low all-in sustaining costs, coinciding with gold prices reaching historic highs, thus providing significant leverage for shareholders [1]. Company Overview - Erdene Resource Development Corporation is a Canada-based resource company focused on the acquisition, exploration, and development of precious and base metals in Mongolia, particularly in the Khundii Minerals District [2]. Project Milestones - The Bayan Khundii project is transitioning to production only ten years after high-grade gold was discovered at the surface, marking it as one of the fastest projects to reach this stage in recent memory [1]. - Cash flow generated from the Bayan Khundii project is expected to support further exploration and development within the broader Khundii Minerals District portfolio, aiming to create long-term value for stakeholders [1].