{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Company Interviews","title":"Erdene Resource Development (TSX:ERD) - Bayan Khundii Cash Flow Funds Deep Porphyry Hunt","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/d7379389\"></iframe>","width":"100%","height":180,"duration":2931,"description":"Interview with Peter Akerley, CEO & Kelly Clure, Advisor of Erdene Resource Development\nOur previous interview: https://www.cruxinvestor.com/posts/erdene-resource-developments-tsxerd-undervalued-investment-series-with-peter-akerley-10566\nRecording date: 1st September 2026\nErdene Resource Development Corp. (TSX:ERD; MSE:ERDN; OTCQX:ERDCF) has moved from mine-builder to self-funded explorer. The company's Bayan Khundii Gold Mine, operated as a 50/50 joint venture with Mongolian Mining Corporation, delivered 11,709 ounces of gold in Q2 2026, a 37% increase quarter-on-quarter, generating $53 million in gross revenue. Feed grade rose 25% to 2.4 g/t gold, with recoveries of 96%, ahead of plan.\nThat cash flow is now being redeployed into a materially more aggressive exploration program across the company's broader Khundii Minerals District, discovered by Erdene in Mongolia's southwest. Management has committed 12,000 metres of drilling to Bayan Khundii's western expansion, targeting the corridor between the current pit and the newly resource-defined Ulaan deposit. In parallel, the company is testing porphyry copper potential beneath all three of its main hydrothermal systems, Bayan Khundii, Altan Nar and Zuun Mod, none of which has been drill-tested below roughly 700 metres, despite kilometre-scale surface alteration footprints comparable to major regional discoveries like Oyu Tolgoi.\nZuun Mod, a wholly-owned molybdenum-copper porphyry, is the standout near-term catalyst: the deposit ranks in the upper 15th percentile globally on grade-tonnage terms, and a preliminary economic assessment is on track for mid-H2 2026, backed by a newly contracted deep geophysics (IP/MT) program aimed at both Zuun Mod itself and the adjacent Khuvyn Khar copper target.\nAltan Nar, holding roughly 500,000 ounces of gold along a 5-kilometre trend, is next in line for 2027 capital, with management weighing a CIP tie-in to the existing Bayan Khundii plant against a standalone...","thumbnail_url":"https://img.transistorcdn.com/1wv-MFlQAgnm-ca64e5kK4984dZB0os8-HJdRVsI74M/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzEzNTcyLzE2MjM5/NTQyMDctYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}