The Project ULAAN OVOOO is in FEASIBILITY stage. Mining Property in MONGOLIA : Ownership, location, history, geology, maps, reserves and resources, related press releases

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Ulaan Ovooo Project

Ulaan Ovooo

Country

Mongolia

Close to

Russian border

Status

FEASIBILITY

Legends


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Produces

Develops

Coal -

Explores for

Last updated on 12/19/2010 - Terms of Use

Risk and valuation analysis of the Ulaan Ovooo Project

Status Risk : Feasibility

Title(s) of the Ulaan Ovooo Project


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The 100% owned Ulaan-Ovoo coal deposit was acquired in November of 2005 with a transferable 55 year mining license and a 45 year extension option.

Location of the Ulaan Ovooo Project
Located in the territory of Tushig soum, a sub province of Selenge Aimag (province) in Northern Mongolia it is 8 kilometers (km) west of the central village of Tushig Soum and 12 km away from Mongolian-Russian border. The project is approximately 120km East of the main railway linking Russia and China and has the Zelter River running in immediate proximity to the project.

History of the Ulaan Ovooo Project
Detailed historical work was performed on it in 1975 by the Mongolian Ministry of Geology and Energy and from 1993-1997 by Erdenet. (A Mongolian owned mining and processing company) Historical data suggested a potentially large coal deposit in the No more...

Exploration and drilling

11/11/2010	(Prophecy Development)Nov11: Prophecy Receives Permit to Mine at Ulaan Ovoo in Mon...
10/6/2010	(Prophecy Development)provides update on Ulaan Ovoo Mine preparation, Mongolia
7/28/2009	(Elissa Res)Unable to meet financial obligations at Ulaan ovoo
7/16/2009	(Elissa Res)Shareholders overwhelmingly support Ulaan Ovoo
6/16/2009	(Elissa Res)Enters Into Agreement on Ulaan Ovoo Property
8/14/2008	(Elissa Res)CONDUCTS BULK SAMPLE COAL TESTS ON ULAAN OVOO
4/9/2008	(Elissa Res)Transportation Study completed shows $1.2 Billion NPV Potent...
5/22/2006	(Elissa Res)Update on the Ulaan Ovoo coal project
4/19/2006	(Elissa Res)Begins 2006 Drilling Campaign at Ulaan Ovoo Coal Project; En...

Discoveries and Drilling Results

6/12/2007	(Elissa Res)Confirms Large Coal Resource at Chandgana Tal Coal Project, ...
9/7/2006	(Elissa Res)Increases Ulaan Ovoo Total Coal Resource to 206.2 Million To...
5/9/2006	(Elissa Res)Ulaan Ovoo Drill Program Discovers Substantially Thicker Coa...

Data last updated on : 12/31/2009

Disclaimer
All information on this page comes from internal and external sources deemed reliable. This information might not be up to date, so please perform due diligence before making any conclusion or making any action. Do contact us should any information be missing or incorrect.