December 2016 - Quarterly Activities Report
December 2016 - Appendix 5b
Tian Poh Resources is focused on advancing its pipeline of coal and copper-gold assets in Mongolia.
The Company has 100% interest in two mining concessions, which include the NUURST Coal Deposit with a 478 million ton JORC compliant resource. The Company also has nine exploration licenses targeting highly prospective coal and porphyry copper-gold deposits, located in the world-class mineral provinces of southern Mongolia.
The concessions are grouped in five project areas and cover more than 125,000ha. They are located in the same mineral rich belt that hosts the world class Tavan Tolgoi and Oyu Tolgoi deposits. All concessions are close to planned infrastructure and the Chinese border, providing access to one of the largest and fastest growing markets for copper and coal.
Tian Poh Resources has acquired key, strategically located mineral assets in the world-class mineral provinces of southern Mongolia and has a clear, robust strategy to bring these projects into production quickly to meet demand.
The Company aims to become a coal producer in the near term through advancing its NUURST coal asset, which already has a 30-year mining license approved by the Mongolian Government. Cashflow from production will facilitate exploration at other project areas within the Company’s Mongolian portfolio including: Amulet LLC (1 concession), Khangailand LLC (3 concessions), Mandal-Urghukh LLC (5 concessions) and Huabei Kuangye (1 concession).
The proximity of the Company’s projects to mainland China and planned infrastructure enable efficient supply to the insatiable Chinese markets for coal and copper. China demands close to 4 billion tonnes of coal each year with strong demand likely to continue with the country’s growing energy needs. Chinese demand for copper is also high because the metal is the vital to the construction, utilities, electronic and automotive industries.
The Mongolian Government has moved to facilitate a positive operating environment for resource projects in the jurisdiction – the region is open for business.
The favorable geology, improving economy and developing mining industry makes Mongolia an excellent investment location and positive opportunity for the Company to pursue gold, copper and coal projects in this mineral rich region.
The Company’s management team has a strong track record in major infrastructure projects and solid relationships with potential offtake partners based close to the project areas.
Mongolia hosts extraordinary rich resources frontiers and Tian Poh Resources represents a unique opportunity to invest in an early stage Mongolian resources company, positioned to take advantage of strong demand, favorable geology and proximity to key markets.