Erdene Resource Development Corporation announced that its Mongolian Zuun Mod Molybdenum Project has become one of the largest and most advanced molybdenum projects in northern Asia.

The Zuun Mod project is wholly owned by Erdene and located within 200 kilometers of China's border. Initial estimates find 237 million tonnes of higher grade molybdenum at the site, along with an additional 50 million tons of lower grade molybdenum.

Molybdenum is an essential additive used to harden steel. It is also a fertilizer.