Exploration licence XV-021256 Dund Sukhait on precious metals and polymetals was issued on March, 18, 2019. It is valid for three years and could be three times extended for total 12 years.

The licence is situated in Bayandalai soum in Umnugobi aymag in the SE edge of the Zoolen mountain range in southern Mongolia.

Area of the licence is 6 108.87 ha.

Geologically, the licence lies just on boundary of the southwestern part of the volcanic-arc Gurvansaikhan Terrane and accretionary prisma of the Zoolen Terrane.

Geological maps at a scale of 1:200,000 and 1:50,000 from 1996-1998 and 2014-2017 campaigns are available.

Reverse circulation drilling was accomplished on Bayan Goya Copper target (Cu2510 anomaly in the NW quarter of the licence) by Asia Gold Mongolia LLC in 2005. IP geophysical profiles and diamond drilling on target were completed by Logantek LLC for Munkh Levra LLC in 2014.

Recently, geological mapping of licence at a scale of 1:25,000 was performed at 2019 by Altan Shar Tal LLC. Massive lithogeochemical sampling by Altan Shar Tal LLC and geophysical survey by GEM LLC were done at 2020.