Leyshon Resources seeks exploration license in Gobi Altai

Leyshon Resources has applied for exploration licenses over a large area in the Gobi Altai region of southwest Mongolia, as part of a broader strategy to target and acquire high quality coal assets located in western China and Mongolia. The license applications for five areas totaling 2,664 km2 cover a region between 35 to 100 km from a recently re-established Mongolia-China border crossing at Laoyemiao.

The applications are subject to Mongolian government approval. One has been accepted while the other four are located in an area where licenses will be issued after bidding.