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MONGOLIA
Mining is far and away
Mongolia’s leading industry, accounting for 50 percent of industrial
output and more than 40 percent of its export earnings. Gold
production alone grew 13.7 percent between 1992 and 2002, with 10.6
metric tonnes produced in 2002.
Mongolian Mining Laws
Mineral laws in Mongolia are very favorable to foreign corporations;
they provide equal rights to all investors, both foreign and
domestic. Laws allow full foreign ownership of mineral licenses and
operations, and there are no restrictions on the repatriation of
dividends and profits.
Redhill currently has 28 mineral exploration licenses located throughout
Mongolia's most prospective regions. The company is diversified
into four main commodities: uranium, coal, gold, and copper.
COAL PROJECTS
Ulaan Ovoo
The Ulaan Ovoo project is in the large Jurassic-age Zelter coal
basin in northern Mongolia, very close to the Russian border.
Detailed work on the Ulaan Ovoo project, performed in 1975 by the
Mongolian Ministry of Geology and Energy and in 1993-1997 by Erdenet,
a Mongolian state-owned mining and processing company, defined a
substantial area of hard coal together with a significant area of
additional potential.
2006 has REDHILL
currently moving forward on it's Ulaan Ovoo coal project with a
pre-feasibility study in the wake of Behre Dolbears NI
43-101 report increasing the original findings from 78 million to
136.4 million tonnes of high quality Bituminous coal. REDHILL
has also added the new acquisition of the Chandgana Tal Coal
Project; has 3 Gold/Copper projects and is set to commence field
activities on 5 of REDHILL's 14 Uranium sites in Mongolia's most
prospective regions. For more information on our projects please use
the links above.
URANIUM
Maikhan Property
Nergui Property
Baganarat
Naidal
July 12, 2005 Redhill enters a Strategic Alliance Agreement
with Mega Uranium Ltd.(TSX: MGA; formerly Maple Minerals) wherein
Mega Uranium can earn a 50% interest in Redhill's portfolio of uranium
exploration properties through expenditure of U.S.$ 1.5 million over
a three year period, including a minimum expenditure of U.S.$
350,000 in the first year. Once Mega has acquired a 50 % interest,
it will have the option of increasing its interest to 60% through
additional expenditures of U.S.$ 2 million over a further 3 year
period. This agreement only pertains to uranium properties.
GOLD/COPPER
Argalant
South Valley
Khondloy
Gold Ram
Naranbulag
Shavar
Bayan
The geological setting of
the district is analogous to Canada’s Abitibi greenstone belt, which
extends for over 1,400 km and contains 89 deposits.
Contact Redhill Energy
Inc.
Address: 2080-777 Hornby Street
Vancouver, B.C. V6Z 1S5
Investor: 604.689.1810
Email:
info@redhillenergy.com
Website:
www.redhillenergy.com |
Luncheon Presentation September 17, 2008
