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Erdene Provides Q3 2026 Update and Notice of Conference Call and Webcast

Mon, 19 Oct 2026 07:00:00 -0400

HALIFAX, Nova Scotia, Oct. 19, 2026 (GLOBE NEWSWIRE) -- Erdene Resource Development Corp. (TSX:ERD; MSE:ERDN; OTCQX: ERDCF) ("Erdene" or the "Company") is pleased to provide an update on operations, including Bayan Khundii Gold Mine (“BK”) production for Q3 2026, operated by Erdene Mongol LLC (“EM”), the Company’s joint venture with Mongolian Mining Corporation (“MMC”). All dollars are US dollars, unless otherwise noted.

Peter Akerley, Erdene’s President and CEO stated, “Gold production in Q3 was slightly ahead of production from the second quarter as operating performance continues to improve. Continued strong cashflow from operations

Erdene Provides Q3 2026 Update and Notice of Conference Call and Webcast

Mon, 19 Oct 2026 07:00:00 -0400

Erdene Provides Q3 2026 Update and Notice of Conference Call and Webcast

Mon, 19 Oct 2026 07:00:00 -0400

Erdene Provides Q3 2026 Update and Notice of Conference Call and Webcast

Mon, 19 Oct 2026 07:00:00 -0400

Erdene Provides Q3 2026 Update and Notice of Conference Call and Webcast

Mon, 19 Oct 2026 07:00:00 -0400

Erdene Provides Q3 2026 Update and Notice of Conference Call and Webcast

Mon, 19 Oct 2026 07:00:00 -0400

Erdene Announces Preliminary Economic Assessment Results for Zuun Mod Molybdenum-Copper Project

Wed, 14 Oct 2026 17:30:00 -0400

Highlights

Base Case after-tax Net Present Value of US$745 million (NPV8%) and 16.1% Internal Rate of Return (IRR) based on long-term commodity price assumptions of US$25.00/lb molybdenum and US$5.00/lb copper
After-tax NPV8% sensitivity of US$2.0 billion and 27.8% IRR at spot prices of US$33.00/lb molybdenum and US$6.50/lb copper
34-year mine life, with estimated recovered metal of 672 million pounds (305 kt) of molybdenum and 947 million pounds (430 kt) copper
Upfront capital costs of US$687 million
All-in sustaining cost (“AISC”) of US$13.89/lb molybdenum
Estimated Life of Mine undiscounted Earnings Before Interest, Taxes and Depreciation of US$7.1

Erdene Announces Preliminary Economic Assessment Results for Zuun Mod Molybdenum-Copper Project

Wed, 14 Oct 2026 17:30:00 -0400

Highlights

Base Case after-tax Net Present Value of US$745 million (NPV8%) and 16.1% Internal Rate of Return (IRR) based on long-term commodity price assumptions of US$25.00/lb molybdenum and US$5.00/lb copper
After-tax NPV8% sensitivity of US$2.0 billion and 27.8% IRR at spot prices of US$33.00/lb molybdenum and US$6.50/lb copper
34-year mine life, with estimated recovered metal of 672 million pounds (305 kt) of molybdenum and 947 million pounds (430 kt) copper
Upfront capital costs of US$687 million
All-in sustaining cost (“AISC”) of US$13.89/lb molybdenum
Estimated Life of Mine undiscounted Earnings Before Interest, Taxes and Depreciation of US$7.1

Erdene Announces Preliminary Economic Assessment Results for Zuun Mod Molybdenum-Copper Project

Wed, 14 Oct 2026 17:30:00 -0400

Highlights

Base Case after-tax Net Present Value of US$745 million (NPV8%) and 16.1% Internal Rate of Return (IRR) based on long-term commodity price assumptions of US$25.00/lb molybdenum and US$5.00/lb copper
After-tax NPV8% sensitivity of US$2.0 billion and 27.8% IRR at spot prices of US$33.00/lb molybdenum and US$6.50/lb copper
34-year mine life, with estimated recovered metal of 672 million pounds (305 kt) of molybdenum and 947 million pounds (430 kt) copper
Upfront capital costs of US$687 million
All-in sustaining cost (“AISC”) of US$13.89/lb molybdenum
Estimated Life of Mine undiscounted Earnings Before Interest, Taxes and Depreciation of US$7.1

Erdene Announces Preliminary Economic Assessment Results for Zuun Mod Molybdenum-Copper Project

Wed, 14 Oct 2026 17:30:00 -0400

Highlights

Base Case after-tax Net Present Value of US$745 million (NPV8%) and 16.1% Internal Rate of Return (IRR) based on long-term commodity price assumptions of US$25.00/lb molybdenum and US$5.00/lb copper
After-tax NPV8% sensitivity of US$2.0 billion and 27.8% IRR at spot prices of US$33.00/lb molybdenum and US$6.50/lb copper
34-year mine life, with estimated recovered metal of 672 million pounds (305 kt) of molybdenum and 947 million pounds (430 kt) copper
Upfront capital costs of US$687 million
All-in sustaining cost (“AISC”) of US$13.89/lb molybdenum
Estimated Life of Mine undiscounted Earnings Before Interest, Taxes and Depreciation of US$7.1

Erdene Announces Preliminary Economic Assessment Results for Zuun Mod Molybdenum-Copper Project

Wed, 14 Oct 2026 17:30:00 -0400

Highlights

Base Case after-tax Net Present Value of US$745 million (NPV8%) and 16.1% Internal Rate of Return (IRR) based on long-term commodity price assumptions of US$25.00/lb molybdenum and US$5.00/lb copper
After-tax NPV8% sensitivity of US$2.0 billion and 27.8% IRR at spot prices of US$33.00/lb molybdenum and US$6.50/lb copper
34-year mine life, with estimated recovered metal of 672 million pounds (305 kt) of molybdenum and 947 million pounds (430 kt) copper
Upfront capital costs of US$687 million
All-in sustaining cost (“AISC”) of US$13.89/lb molybdenum
Estimated Life of Mine undiscounted Earnings Before Interest, Taxes and Depreciation of US$7.1

Erdene Announces Preliminary Economic Assessment Results for Zuun Mod Molybdenum-Copper Project

Wed, 14 Oct 2026 17:30:00 -0400

Highlights

Base Case after-tax Net Present Value of US$745 million (NPV8%) and 16.1% Internal Rate of Return (IRR) based on long-term commodity price assumptions of US$25.00/lb molybdenum and US$5.00/lb copper
After-tax NPV8% sensitivity of US$2.0 billion and 27.8% IRR at spot prices of US$33.00/lb molybdenum and US$6.50/lb copper
34-year mine life, with estimated recovered metal of 672 million pounds (305 kt) of molybdenum and 947 million pounds (430 kt) copper
Upfront capital costs of US$687 million
All-in sustaining cost (“AISC”) of US$13.89/lb molybdenum
Estimated Life of Mine undiscounted Earnings Before Interest, Taxes and Depreciation of US$7.1

Erdene to Announce Zuun Mod Molybdenum-Copper Project Preliminary Economic Assessment Results on October 14, 2026