South Korean company Bolorijio, which operates a local subsidiary in Mongolia and an office in Seoul, announced that it has signed a contract with ALS (Australian Laboratory Services), the world's largest international mineral testing and certification agency, to commence resource development.
On August 1, Bolorijio stated, "We have begun exploration in a mining area near Bayankhongor Province, where we hold exclusive exploration rights, covering approximately 20 million pyeong, which is rich in quartz and gold." The company expressed optimism for objective and transparent exploration results through its partnership with ALS.
Bolorijio noted that the mining area, where it holds exclusive exploration rights, has previously undergone two preliminary surveys by Russian and Mongolian authorities. The results of those surveys indicated the presence of high-quality white quartz, which has a high potential for conversion into high-purity silicon, a key material for semiconductors, along with various high-value ores such as gold and lithium.
* This article has been translated by AI.
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