Confidential presentation · Umnugovi, Mongolia

Bor Tolgod
Coal & Polymetallic Exploration Project

An advanced exploration asset in Mongolia's leading mining corridor with coal resources and Cu-Au-Mo upside.

~170M

tonne potential
coal resource

8,115

ha license
area

70%

of the valley
untested

Cu-Au-Mo

secondary
metal upside

Project overview

Coal asset (primary)

Confirmed resource: 10.8 Mt (B+C category)
Exploration target: 158.9 Mt (P category)
Continuous three-seam deposit across a 15 km valley
Only about 30% of the valley has been drilled
Low sulphur and thermal unit of about 7,000 kcal/kg (daf)

Cu-Au-Mo upside (secondary)

Porphyry and epithermal alteration signatures in the south-east zone
Tourmaline breccia and clay-silica-tourmaline alteration
Magnetic and dipole-dipole geophysical anomalies
Surface copper mineralization confirmed
3 exploration drill holes and 650 dispersion samples

Six reasons to pay attention

01 · Infrastructure

Ready location

5 km from the Tavantolgoi-Zuunbayan railway, 2 km from a paved road and 15 km from a 330 kV power line.

02 · Market

China export corridor

Rail access through Gashuun Sukhait gives the project a logistics advantage over seaborne coal routes.

03 · Scale

Large expansion potential

Only about 30% of a 15 km coal-bearing valley has been tested; the 10.8 Mt confirmed resource sits inside a ~170 Mt geological target.

04 · Quality

Coking potential

Low sulphur, strong calorific value and Permian coal setting indicate potential for higher-value products, subject to testing.

05 · Data

Exploration-backed

57 drill holes, 275 coal samples and full geophysical datasets are available for review after NDA.

06 · Upside

Metal optionality

Cu-Au-Mo porphyry indicators provide additional upside beyond the core coal asset.

Location — Umnugovi mining corridor

Key distances

Paved road2 km

New railway5 km

330 kV power line15 km

Oyu Tolgoi mine90 km

Tavantolgoi mine160 km

Coal quality — preliminary information

Indicator	Value	Comment
Sulphur content (S ad)	0.2-1.9%	Low sulphur, meets typical screening criteria
Calorific value (daf)	up to ~7,000 kcal/kg	High-grade thermal coal range
Ash content (A ad)	15.9-31.7%	Washing potential
Volatile matter (V ad)	27.7-35.2%	Indicates possible coking potential

Four-stage development plan

Additional drilling and resource upgrade

Convert the 158.9 Mt P-resource target to B+C category and systematically test the remaining valley.

Coal quality and coking potential

Run multi-stage laboratory coking tests, washability studies and product specification work.

Cu-Au-Mo systematic drilling

Follow up geophysical and surface mineralization targets in the south-east zone.

Commercial structuring

Prepare a phased development plan, data-room process and investor partnership structure.

Need more detailed information?

Access to the complete geological and financial data room requires an NDA.

License certificates, coordinates and cadastral maps
Resource reports and validation protocols
Surpac 3D block model and ore-body estimates
Geophysical surveys and magnetic exploration reports
Drill-hole coordinates, sampling results and full digital data room

Send NDA request

Bor TolgodCoal & Polymetallic Exploration Project