Mapping Mongolia’s Resources

Industry Insights

“The new government policy aims to boost exploration funding and to re-conduct airborne geophysical surveys to enhance data availability. This initiative responds to the fact that the existing surveys were undertaken by a Mongolian and Russian joint expedition before the 1990’s. Consequently, all exploration data is outdated, and we also lack digital data.”

Algirmaa Ikhbayar, CEO, Geosan

“Mongolia is not fully mapped. Only 45% of Mongolia’s territory is covered by a 1:25,000 scale map, but the government plans to cover the remaining 55% by 2025 to provide a first layer of understanding of the country’s geological makeup to attract further investment. Geomaster plans to participate in the open tender for the large survey.”

Munkhtogtokh Ts, Founder, Geomaster

“We are partnering on a project with the Geological Research Center of Mongolia and the Ministry of Mines and Heavy Industry to run a Helitem electromagnetic survey covering the South of the country, where mines like the OT are located. We will follow this up with a Falcon survey in early 2024. We are extremely enthusiastic about Mongolia and the broader Central Asian region.”

Bart Anderson, COO APAC, Xcalibur Smart Mapping

“Traditionally, mining companies are interested in following trends of known resources to predict nearby locations, but Getech is able to help identify completely new exploration 'search spaces.' Much of this work is coming from South America, Africa and Eastern Europe-Central Asia markets. The hottest area, based on the recent requests we have had, is probably Kazakhstan, and, commodity-wise, copper, zinc, and lithium. We are also seeing more interest in Mongolia, as our recent work with Asian Battery Minerals and BHP proves.”

Richard Bennett, Executive Chairman, Getech

Background image by Alix Millet at Shutterstock

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Battery Minerals (Continued): A bout of international interest