The Sorgobi Mine
Geological Profile
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The Sorgobi deposit is characterized by shallow, high-quality Gas Coal coal seams.
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22 boreholes and 10 trenches (2019 exploration program) identified at least two additional potential mining pits with comparable or superior coal quality.
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Recent 2023 drilling confirmed 12.6 meters of coal within 40 meters of surface, with further exploration programs underway.
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Two additional exploration zones identified for future mine expansion, subject to further drilling and evaluation.
Sorgobi Gas Coal Mine
The Sorgobi Mine is our flagship asset, 100% owned by Coalesce Trading LLC.
Since commencing production in 2020, Sorgobi has established itself as a reliable supplier of Gas Coal to the Chinese steel industry, exporting up to one-million tons per year, with potential to expand to two-million tons per year.
Infrastructure & Logistics
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Civil works for a dedicated rail spur connection are underway, with rail integration expected by early 2025.
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Future rail contracts are under negotiation to significantly reduce transportation costs by $5–7 per metric ton.
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Long-term operational plans include development of a washing plant to optimize product quality and value.
Strategically located to serve Chinese Industry
Located in Dornogobi Province, 145 km northwest of the Khangi-Mandula border crossing into China, the Sorgobi mine is within Mongolia’s Southeast Gobi coal basin. Its proximity to the border allows for direct access to Chinese customers.
11
Attractive Strip Ratio
23Mt
Proven reserves
in current
production pit
2M