South Korean company Bolorijio, which operates a local subsidiary in Mongolia and an office in Seoul, has signed a contract with ALS (Australian Laboratory Services), the world's largest international mineral testing and certification agency, to commence resource development.
On July 1, Bolorijio announced, "We have begun exploration in a mining area near Bayannur Soum in Bolgan Aimag, where we hold exclusive exploration rights over a 20 million pyeong site containing quartz and gold. We expect objective and transparent exploration results through our contract with ALS."
Bolorijio explained that the mining area with exclusive exploration rights has previously undergone two preliminary surveys by Russian and Mongolian authorities. The results from those surveys indicated a large deposit of high-quality white quartz, which has the potential to be converted into high-purity silicon for semiconductor use, along with various high-value ores such as gold and lithium.
* This article has been translated by AI.
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