KHALZAN BUREGTEI PROJECT
A new source of heavy rare earth from central Asia
PROJECT OVEVIEW
Khalzan Buregtei REE (the “KB”) is a mineral deposit in western Mongolia that contains a group of elements known as the rare-earth elements (REE) and is notable for its extremely rich in dysprosium. Khalzan Buregtei is categorized as a peralkaline granite REE deposit. Although there are several other REE deposit of this type around the world, there is only one operating rare-earth mine in a peralkaline granite, a Lovo-zero in Russia
WHY KHALZAN BUREGTEI?
Dy
One of the world biggest dysprosium deposits
Rich in high-demand REEs: Dy, Nd, Pr, Tb
Third neighbor investments preferred in strategic deposits
REEs: Critical for green technology
Low strip ratio, rapid development
Majority shareholder is financially strong
PROJECT LOCATION
Deposit located in Khovd province, in the Western Mongolia, 2 hours direct flight from the capital city of Ulaanbaatar
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The population of Khovd is 90,000 people (2021)
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20 km from vital Asian Highway linking Russia, China, Mongolia
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Water source nearby
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110kV regional grid power line 3 km from the site
KEY INSIGHTS
(DESKTOP STUDY 2023)
Direct employment :
Mine life:
Initial CAPEX :
Post-tax IRR:
Payback Period
Strip Ratio :
MREO product grade:
Annual MREO production:
550+
+20 year
US$ 1 billion
22.7%
4 years
0.19
95%
19,000 tons
STRONG ACHIVEMENTS 2022-2024
DRILLING CAMPAIGN
Totaling 31.2 thousand meters drilled at the project site
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UPDATED BLOCK MODEL
Following the assay analysis results of the HGZ and MGZ drill core taken from the drilling campaign, RPM started the updated block model.
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SAMPLES SHIPPED
Shipped 2 tons of metallurgical test samples to Bureau Veritas and Auralia metallurgical test lab in July 2023.
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BULK PILOT TEST
Bulk pilot metallurgical samples to be tested in 2024.
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GEOLOGY
Geological, geotechnical, geometallurgical samples are sampled. The results are pending.
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DESKTOP STUDY
Desktop Study finalized
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SAMPLES TEST
20,000+ assay samples tested at ALS Australia, nearing completion by Mar 2024.
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ESIA
ESIA Scoping study completed
DEPOSIT TYPE
Khalzan Buregtei is described by geologist as a "peralkaline intrusion" type of deposit that is richer in rare earths that in high demand and that command higher and stable commoditty prices. The deposit also host several by-products, like niobium and tantalum
GEOLOGY & MINING HIGHLIGHT
RPM utilized comparing two approaches: one using a dysprosium cut-off grade of 150 ppm (aligned with the PEA study), and another based on estimating mining potential through overall 'block value' without a specific cut-off grade
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Three more elements have been classified as “payable”
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Comprehensive evaluation for enhanced resource assessment in both High and Mid-Grade zone
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An optimal opportunity for open-pit mining operations
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KB block model
