Mongolia’s Premier Precious Metals Company
Steppe Gold is Mongolia’s premier precious metals company. They commenced production in 2020 and are projected to produce 50,000 to 60,000 ounces of gold from their Phase I Heap Leach Operation at the ATO Gold Mine annually. The Company is also completing a feasibility study into the Phase II expansion of the ATO Gold Mine to produce approximately 150,000 ounces of gold equivalent per annum from the development of underlying fresh rock ores. Steppe Gold recently announced a resource estimate doubling to 2.45 M oz. that will form the basis of the Phase II feasibility study.
- Proven in-country team: Proven track record. Strong social licence to operate and strong support from Mongolian investors
- Commercial production achieved: Mine fully commissioned and permitted. Initial Phase I oxide zone is estimated to produce ~60,000 ounces of gold annually
- Resource expansion: New resource upgrades are currently being calculated for ATO 1, 2 & 4 deposits and initial resource for Mungu deposit
- Significant exploration position: Uudam Khundii (“UK”) Project: Steppe Gold owns 14,400 ha in Bayankhongor gold belt. 4 new gold discoveries to be drilled in 2021