Exploration licence XV-022011 Tsakhir was issued on January, 26, 2022 for three years and could be three times extended for a total of 12 year.

The licence is situated in Bayangol soum in Selenge Aymag on the left bank of the Bayangol river.

Area of the licence is 1219.96 ha.

Geologically, the licence lies in the northern part of the Kharaa terrane formed by slightly metamorphosed volcano-sedimentary rocks of the Lower Palaeozic age. These rocks were intruded by the Ordovician gabbros, Devonian granites and Mesozoic subvolcanic dykes.

Wide valley of the Bayangol river is filled by fluvial and colluvial sediments with high potential for deep seated placer deposits.