Troy Minerals clears step for Tsagaan Zalaa licence

Executive Summary

• Troy Minerals’ subsidiary Grand Samsara Consulting LLC secured official registration of the Tsagaan Zalaa silica project with Mongolia’s Mineral Resources and Petroleum Authority, a critical step toward obtaining an operational mining licence.
• The company targets full mine operating licence issuance by end‑Q4 2025 to Q1 2026, advancing the project toward production and cash‑flow generation.
• Subsequent administrative tasks—including technical/economic studies, environmental impact assessment, CSR agreement, blasting permit, and land quality plans—are underway, with several steps expected to be completed before December 2025.

Key Details

• Regulatory Milestone: Official registration of the Tsagaan Zalaa project in Dornogovi province with the Mineral Resources and Petroleum Authority (MRPA) of Mongolia’s Ministry of Industry and Natural Resources.
• Project Scope: 1,670.28 ha silica deposit; high‑purity quartz veins up to 5 m wide exposed at surface; located ~95 km east of Sainshand on the Trans‑Mongolian Highway/rail corridor.
• Previous Action: Mining licence application submitted in February 2025; today’s registration confirms ministerial approval of that application.
• Target Licence Timeline: Full mine operating licence anticipated by end of Q4 2025 to early 2026.
• Next Administrative Steps (to be completed before Dec 2025):
• Detailed technical and economic studies for resource utilization and export.
• Comprehensive Environmental Impact Assessment (EIA).
• Local government agreement including a CSR plan.
• Blasting permit application.
• Land quality assurance plans.
• Offtake Activity: Initiated HPQ silica offtake discussions; independent Chinese clients conducting metallurgical sampling at their own laboratories.
• Qualified Person Review: Technical information reviewed and approved by Case Lewis, P.Geo., qualified under NI 43‑101 and director of the Table Mountain project vendor.

Notable Quotes

“It represents a key milestone which underscores the company's commitment to advancing Tsagaan Zalaa towards production and transforming Troy into a cash‑flowing entity,” – Yannis Tsitos, President, Troy Minerals.

The release contains no forward‑looking safe‑harbor language or boilerplate beyond the qualified person statement.