Welcome to our dedicated page for Entree Resources news (Ticker: ERLFF), a resource for investors and traders seeking the latest updates and insights on Entree Resources stock.
Entrée Resources Ltd (ERLFF) is a Canadian mining company with a strategic carried interest in Mongolia's Oyu Tolgoi copper-gold project, one of the world's largest undeveloped mineral resources. This page aggregates official updates and analysis regarding the company's joint venture participation, operational developments, and sector positioning.
Investors and analysts will find timely updates on key areas including joint venture restructuring progress, licensing agreements, and strategic partnership developments. All content is verified through primary sources to ensure accuracy in reporting complex mining sector arrangements.
The curated news feed covers essential categories such as operational milestones, arbitration outcomes affecting project timelines, and financial updates related to Entrée's non-operating revenue model. Regular updates provide insight into how the company navigates large-scale mining partnerships without direct production responsibilities.
Bookmark this page for streamlined access to Entrée Resources' evolving role in global copper markets. Check back regularly for verified updates on legal proceedings, resource estimates, and partnership developments impacting the Oyu Tolgoi project's value chain.
Entrée Resources announces the commencement of first Oyu Tolgoi Lift 1 Panel 1 underground development work on the Entrée/Oyu Tolgoi joint venture property. The 2024 Development Work includes 212 metres of lateral development with a US$4.4 million direct capital budget. The work is part of initial Panel 1 western ore handling truck chute design. Key issues remain unresolved, including the transfer of the Shivee Tolgoi license to OTLLC. The company is engaged in discussions with Rio Tinto and OTLLC regarding contractual certainty and license ownership. An arbitration process initiated in 2022 is pending decision following hearings in April and July 2024.
Entrée Resources (TSX:ETG; OTCQB:ERLFF) has released its Q2 2024 financial results. Key highlights include:
1. Oyu Tolgoi underground development progressing well, with 114 Lift 1 draw bells opened.
2. Ventilation Shafts 3 and 4 completed, commissioning expected in H2 2024.
3. First Lift 1 Panel 1 development on Shivee Tolgoi mining licence to start in Q4 2024.
4. Drilling programs underway to support Lift 2 Pre-Feasibility Study.
5. Q2 2024 operating loss of $0.9 million, cash balance of $4.0 million as of June 30, 2024.
6. Ongoing arbitration proceedings with Rio Tinto and OTLLC regarding mining licence transfer.
Entrée Resources has announced additional drill results from the Hugo North Extension (HNE) deposit on the Entrée/Oyu Tolgoi JV Property in Mongolia. Highlights include:
- Surface drill hole EGD 161: 398m grading 2.07% copper equivalent (CuEq), including 214m at 2.79% CuEq
- Underground drill hole UGD 735: 574.3m grading 1.89% CuEq, including 234m at 3.73% CuEq
Underground development on the Oyu Tolgoi mining license continues to advance, with Shafts 3 and 4 reaching final depths. Initial underground development work on the JV Property remains on schedule to start in Q4 2024. The company also reported anomalous results from regional exploration drilling at the Railway and Ulaan Khud targets.
Entrée Resources has announced the results of its 2024 annual general meeting of shareholders. During the meeting, all proposed matters were approved by a majority of votes. Shareholders agreed to set the number of directors at six. Teresa Conway, Alan Edwards, Allan Moss, Michael Price, Paula Rogers, and Stephen Scott were elected as directors, with each receiving over 96% of votes in favor. Davidson & Company LLP was re-appointed as the auditors for the upcoming year. Additionally, shareholders approved the renewal of the company's Deferred Share Unit Plan. Detailed voting results are available on SEDAR+ and OTC Markets.
Entrée Resources (ERLFF) has released its first-quarter 2024 financial results, highlighting the progress of the Oyu Tolgoi project in Mongolia led by Rio Tinto. The project is expected to become the fourth largest copper mine globally by 2030, with significant production estimates. Construction milestones and drilling programs for further exploration are also on track. However, the company reported an operating loss increase compared to the previous year due to legal costs, with cash and working capital balances provided for transparency.
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