COPPER IS ESSENTIAL TO MEETING THE GROWING DEMANDS OF THE ELECTRIC VEHICLE MARKET
The supply will come from one of the world’s largest mines, the Oyu Tolgoi Copper-Gold project in Mongolia. Entrée Resources (TSX : ETG | OTCQB : ERLFF) is a partner in the Oyu Togui mine, holding licenses integral to Oyu Tolgoi on behalf of the partners.
WHY YOU SHOULD CONSIDER INVESTING IN ENTRÉE RESOURCES
World-Class Asset - High grade deposits.
Low Risk - Characteristics of a royalty.
Well Funded - ~US$6.9 M in treasury.
Growth - Ongoing exploration and ore body knowledge drilling on Entrée’s joint venture property, with first development work expected H2 2024.
GET TO KNOW ENTRÉE RESOURCES
(TSX : ETG | OTCQB : ERLFF)
Partner in the World Class Oyu Tolgoi Underground Copper-Gold Mine
Entrée Resources is a Canadian mining company that owns a unique carried joint venture interest on a significant portion of one of the world’s largest copper-gold projects – the Oyu Tolgoi project in Mongolia. The Company’s interest in the Entrée/Oyu Tolgoi joint venture has the characteristics of a royalty, with the benefits of a producer. Entrée’s strong financial position and high-quality asset provide it with a solid foundation and flexibility for growth.
SUMMARY OF LATEST NEWS RELEASE
Entrée Resources Announces Drill Results From Hugo North Extension, Including 260 Metres Grading 4.45% CuEq
Vancouver, B.C., May 14, 2025 – Entrée Resources Ltd. (TSX:ETG; OTCQB:ERLFF – the “Company” or “Entrée”) is pleased to provide analytical results for one surface diamond drill hole (“DDH”) and six underground DDHs completed during 2022 and 2024 at the Hugo North Extension (“HNE”) deposit on the Entrée/Oyu Tolgoi Joint Venture property (the “Entrée/Oyu Tolgoi JV Property”) in Mongolia. Analytical results are also provided for two DDHs from the 2024 regional drilling campaign on the Shivee Tolgoi mining licence.
DRILL HOLE HIGHLIGHTS
HNE Surface Drill Holes
UGD189B: 552 metres (“m”) grading 3.11% copper equivalent (“CuEq”), including 260 m grading 4.45% CuEq.
HNE Underground Drill Holes
UGD871: 197 m grading 1.29% CuEq, including 89 m grading 1.59% CuEq.
UGD873A: 279 m grading 1.22% CuEq.
UGD876: 169.3 m grading 3.21% CuEq, including 112 m grading 3.83% CuEq.
Click Below To Read Full Release
ENTRÉE/OYU TOLGOI JV PROJECT
The Entrée/Oyu Tolgoi joint venture property includes Lift 1 and Lift 2 of the Hugo North Extension copper-gold deposit, the Heruga copper-gold-molybdenum deposit, and a large underexplored, highly prospective land package. Rio Tinto is managing the ramp-up of the Hugo North (including Hugo North Extension) Lift 1 underground mine on both the Oyu Tolgoi mining licence and the Entrée/Oyu Tolgoi joint venture property. In March 2023, Rio Tinto announced the commencement of underground production from Lift 1 Panel 0 on the Oyu Tolgoi mining licence (100% Oyu Tolgoi LLC). The Hugo North Extension deposit on the Entrée/Oyu Tolgoi joint venture property comprises the northern portion of Panel 1. First development work on Hugo North Extension Lift 1 is currently expected in H2 2024. First production from the Panel 1 undercut (on the Oyu Tolgoi mining licence) is expected in ~2027.
1 - 2021 Reserve Case (Lift 1)
2 - 2021 PEA (Lift 2)
3 - Heruga (Cu-Au-Mo)
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