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South Gobi region of Mongolia

Entrée/Oyu Tolgoi JV Property

The Entrée/Oyu Tolgoi joint venture property includes the Hugo North Extension and Heruga copper-gold deposits, as well as a large underexplored, highly prospective land package. Rio Tinto is managing the construction of the fully financed Lift 1 of the Hugo North underground block cave on both the Oyu Tolgoi mining license and the Entrée/Oyu Tolgoi joint venture property. Joint venture development production from Lift 1 is expected in 2021.
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Royalties

Entrée has an interest in a 0.65% FOB royalty and the right to receive certain payments in connection with the exploration for and development, extraction and recovery of iron ore product from EL6006 in the Olary region of South Australia. In addition, Entrée has the right to a portion of any future royalty income received by Anglo Pacific Group PLC from its 0.5% NSR royalty on the Cañariaco copper project in Peru (owned by Candente Copper Corp.).
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