Entrée Resources Provides Joint Venture Update
On April 9, 2026, Entrée Resources Ltd. issued an update on the Entrée/Oyu Tolgoi joint venture, covering mining licenses and drill results, according to GlobeNewswire PE. The company is working on transferring the Shivee Tolgoi and Javkhlant mining licenses from its Mongolian subsidiary Entrée LLC to Oyu Tolgoi LLC to enable underground development.
JV Licenses Developments
On March 25, 2026, Entrée delivered a non-binding proposal to the Minister of Industry and Mineral Resources of Mongolia, outlining the transfer of the JV Licenses under the Oyu Tolgoi Investment Agreement and suggesting a negotiated royalty on concentrate sales in place of a 34% state equity stake, as referenced in the Minerals Law of Mongolia. Following the resignation of Prime Minister Zandanshatar, N. Uchral was sworn in as the 35th Prime Minister on March 31, 2026, and on April 3, 2026, reappointed G. Damdinnyam as Minister of Industry and Mineral Resources. Entrée is monitoring potential changes to the Government Working Group and remains committed to collaborating with the Government of Mongolia, Rio Tinto, and Oyu Tolgoi LLC under Mongolian laws.
Drill and Exploration Results
Entrée reported analytical results from one surface diamond drill hole and four underground diamond drill holes as part of the 2024 and 2025 in-fill drilling programs at the Hugo North Extension deposit on the Entrée/Oyu Tolgoi joint venture property in Mongolia. Additionally, results from nine diamond drill holes from the 2025 regional drilling campaign on the Shivee Tolgoi and Javkhlant mining licenses were provided, with all work conducted by Oyu Tolgoi LLC, according to GlobeNewswire PE. As widely known in the mining sector, the Oyu Tolgoi project is a significant copper and gold operation in Mongolia that involves international partnerships.
