08:34 AM EDT, 05/14/2025 (MT Newswires) -- Entree Resources ( ERLFF ) reported Wednesday drill results from the Hugo North Extension deposit on the Entree/Oyu Tolgoi joint venture property in Mongolia.

Highlights include 260 meters grading 4.45% copper equivalent and 197 meters grading 1.29% copper equivalent.

The company said planned work at the HNE deposit in 2025 is contingent upon the transfer of the Shivee Tolgoi and Javkhlant mining licences to Oyu Tolgoi LLC as manager on behalf of Entree and Oyu Tolgoi joint venture participants.

If the transfer is not achieved in the near term, Entree said lateral development work on the property could be delayed.