About Us

Entrée Resources Ltd. (“Entree” or the “Company”) is a well-funded Canadian mining company with a unique carried 20% or 30% joint venture interest in an integral part of the Oyu Tolgoi copper-gold mining project in Mongolia.

The joint venture property ("Entrée/Oyu Tolgoi JV Property") includes a significant part of the mineral resource tonnes at both the Hugo North copper-gold deposit (~17%) and the Heruga copper-gold-molybdenum deposit (~94%), along with an extensive, highly prospective exploration land package, which covers almost 15 kilometers strike length to the north and south of the current Oyu Tolgoi trend of world class copper-gold deposits.  Together, these form a significant component of the overall Oyu Tolgoi project.

The world class Oyu Tolgoi project is widely recognised as one of the world’s largest and most important new copper-gold mines, with more than 80% of the mine’s value residing underground. Based on current known resources, the Oyu Tolgoi mine could potentially be producing copper and gold for more than 95 years.  Rio Tinto is the operator of the existing open pit mine on the Oyu Tolgoi mining license, and is currently managing the construction of the Oyu Tolgoi Lift 1 underground block cave on both the Oyu Tolgoi mining license and the Entrée/Oyu Tolgoi JV Property.  In addition to its interest in the Entrée/Oyu Tolgoi JV Property, Entrée also holds a 100% interest in Shivee West, the western portion of the Shivee Tolgoi mining licence, which is immediately adjacent to the Oyu Tolgoi mining license.

The first two mining phases of the Oyu Tolgoi mine are fully financed, including construction of Lift 1 of the Hugo North underground block cave, which recommenced in mid-2016. Initial development production on the Entrée/Oyu Tolgoi JV Property is expected to commence in ~2021.  Under the terms of the joint venture with Oyu Tolgoi LLC ("OTLLC"), only certain limited capital costs may be allocated to Entrée, and Entrée has elected to have OTLLC debt finance its share of costs including capital costs with interest accruing at OTLLC’s actual cost of capital or prime plus 2%, whichever is less, at the date of advance. Entrée is not required to contribute any upfront capital or arrange separate financing for the development of the Entrée/Oyu Tolgoi JV Property.  Any repayment of debt comes from 90% of monthly available cash flow resulting from the sale of Entrée’s share of products.  Upon completion of the block cave development and the transition to full production, the estimated payback period of Entrée’s portion of the development capital is approximately 2 years.  

Entrée also holds royalty interests in Peru and Australia.

Entrée Resources is led by an experienced team of mining, corporate finance and corporate governance professionals.  The Company’s high-quality projects, strong financial position and world class operating partners position Entrée for long term sustainable success.