Entrée Resources reports Oyu Tolgoi Lift 1 underground mine ramp-up in Mongolia, targeting world's 4th largest copper mine by 2030.

Entrée Resources Ltd. reported FY2023 results, including ramp up of Oyu Tolgoi Lift 1 underground mine in Mongolia, with three panels (0, 1, 2) under development. The mine aims to become the world's 4th largest copper mine by 2030, with expected average mined copper production of ~500 ktpa. The project is a joint venture between Entrée and Oyu Tolgoi LLC, with Rio Tinto International Holdings Ltd. owning 66% of Oyu Tolgoi LLC and managing operations.