“Selenge” Iron Ore Project

Name of the project “Selenge” Iron Ore Project
Location Location Selenge Darkhan Uul aimag This area is located 336.1 km Northwest of Ulaan baatar, 113.1 km from Northeast of Darkhan City of Darkhan-Uul aimag, 101.2 of Southeast of Sukh baatar city of Selenge Aimag, 24 km of Southwest of Yuruu Soum
Owner Kharanga Khuder LLC, DB Building 502, Ulaanbaatar 

Street address: Level 1, 330 Churchill Avenue, Subiaco WA 6008, Australia

Postal address: PO Box 540, Subiaco WA 6904, Australia
Telephone: + 61 8 9200 4415 Fax: + 61 8 9200 4469
Email: admin@haranga.com saruul.p@haranga.com
Tel: 77077711 Fax: 976-11-321914

Current situation of the deposit The company owns 5 exploration licenses and 1 mining license.
Ore body description The Bayantsogt deposit is composed of 8 individual ore bodies plus and other small lenses. The ore bodies are parallel to each other and trend NE 40o-50o and dip northwest at 70o-80o. The dimensions of the deposit are 350 m in width, 820 m in length and 80 m. in thickness Dundbulag is the largest deposit with a massive banded magnetite structure. It has a slightly iron lower content than the compared to Bayantsogt mines. The deposit that strikes about 1091 m long and 603 m wide with associated 11 ore bodies. Four (4) ore bodies were outlined for the Undur Ukhaa deposit. The iron ore body is 217 m in width and 434 m in length and 100 thick of iron ore body
The Bayantsogt deposit has an average iron content 0f 20.14% and average sulfur content is 1.49% in , while in Dundbulag deposit average iron content is 16% and sulfur content is 0.37%. In Undur-Ukhaa deposit, iron content is 14.5% and sulfur content is 0.2%.
Deposit reserve Bayantsog Iron Ore cluster of mines has B grade proven reserve of 39.3 million tons of iron in 238.80 million tons of ore and probable reserve of 1.8 million tons of iron in 10.6 million tons of ore. The company estimates that there is additional 50-100 million tons of discoverable iron ore reserve after exploration at the Khuiten Gol section of the project.
Infrastructure Relatively good.