The Altai Nuurs project comprises six exploration licenses totaling 46,212 hectare and four mining licenses totaling 202 hectare with an Exploration Target of between 250 million metric tons (mt) and 500 million mt. The Altai Nuurs project is located in the south western Gobi Altai Province of Mongolia, approximately 250 km by road to the Burgastai border crossing point into China and only 550 km to the China rail network.