Erdene Posts Results of Preliminary Economic Assessment for Zuun Mod Project

05:42 AM EDT, 10/15/2026 (MT Newswires) -- Erdene Resource Development (ERD.TO) released results of a preliminary economic assessment for the Zuun Mod molybdenum-copper project in Mongolia, the company said Wednesday. The PEA shows a base case after-tax net present value discounted at 8% of $745 million and 16.1% internal rate of return. The project has a 34-year mine life, upfront capital costs of $687 million and estimated recovered metal of 672 million pounds of molybdenum and 947 million pounds of copper.