Mongolia-focused explorer Azzuro Resources (ASX: AZ9) reported its September 2026 quarter, covering Red Hill and Oval progress, cash flows, a new licence in Uvs and Mongolia’s Minerals Law amendments.
A preliminary economic assessment puts the after-tax NPV of the southwest Mongolia project at US$745 million, with a 34-year mine life and a 16.1% IRR.
On October 16, 2026, the State Great Khural adopted amendments to the Minerals Law that double the share of mineral royalties allocated to the Unified Local Development Fund and bring copper royalties in line with international practice. Nine of 11 accompanying bills passed; two environmental bills were sent back.
Rio Tinto’s third-quarter report shows Oyu Tolgoi lifted copper production 27% year on year on the underground ramp-up, bringing output for the first nine months to 312,000 tonnes.
A Kerry Group subsidiary will subscribe for CDIs at A$0.015 each to take a 19.9% stake in Azzuro, funding exploration at the Red Hill and Oval projects in southwest Mongolia.
Azzuro Resources (ASX: AZ9) reported a net loss of A$1.06 million for the six months to 30 June 2026 and cash of A$2.85 million, in interim accounts lodged with the ASX on 10 September 2026.
