LICENCE XV-006219
Ukhaa
58.61 kg
Tsenkher, Arkhangai
71%
modelled IRR
Mongolia’s gold,
finally within reach.
2,500 certificates exist — only 2,200 will ever be sold. Each one is a registered digital share in 33% of AurumX LLC: three licensed Mongolian gold deposits, paid monthly in USDC from the mining season.
395%
5-year ROI to the pool
August 2028
targeted principal recovery
0%
modelled IRR
0%
ROI over five years
$0M
project NPV
$1,900
NPV per certificate
$0
gold assumption — deliberately below market
Conservative by construction
The model assumes less.
Every figure we publish is built on a $4,500/oz gold floor — below where the market trades today — and a mining season that stops every winter by design. Reserve estimates, licence files and drill logs live in the data room, not here. The SPV retains 5% of returns for management; everything else flows to certificate holders.
Projected distributions to the investor pool
Full principal back by August 2028 — then the upside keeps running
$5,442 cash flow per certificate · five years
Against a $1,100 list price — with monthly USDC distributions through every mining season (May–October) and principal targeted for full recovery by August 2028. After payback, holders keep their entire stake and every later dividend.
$491 · $952 · $1,132 · $1,470 · $1,397
cash flow per certificate 2027→2031
4.95×
cash-on-cash multiple (5 yr)
USDC
paid monthly to your Payout Key
5%
retained by SPV (management)
Why Mongolia · Why now
World-class ground.
Locked value.
I
The wealth is real
Mongolia holds world-class mineral wealth, yet its junior mining sector stays opaque to global capital.
II
The gap is capital
Local lenders cannot fund project finance. Licence holders hold approved projects — and no working capital to mine them.
III
The clock started
A new Mongolian mining law penalises dormant concessions. Partners now, or the assets are forfeited. This window does not stay open.
The structure
A gold-stream — the strategy major miners have used for decades — opened to individuals.
Telluris offers 33% of AurumX LLC — the company holding all three licences and operating every deposit — as 2,500 registered certificates. Investors receive 2,200; the team is allocated 200; charity partner Our United Planet receives 100. Each investor certificate is a pro-rata slice of that pool: same economics per token at any point in the raise.
Licensed ground
Three fully-explored deposits under SPV1 leases — 386.75 kg recoverable gold, ~$55.9M at our floor price.
SPV1 · AurumX LLC
A proven Mongolian gold-geology team runs extraction; gold sold through official offtake. SPV retains 5% for management costs.
2,500 certificates
Asset NFTs on-chain — identity-gated transfers (DID/KYC wallets only), registered off-chain against the same ledger.
Your wallet · USDC
Utility key linked to your certificate — automated USDC distributions from the treasury stream to its holder. Purchasers receive one automatically; distributions stream to it in USDC, monthly.
Registered digital share certificatesIdentity-gated (KYC/DID) transfers$2.3M raise · hard-cappedInvite & earn 2.5% for verified holdersOffered under applicable registration exemptions — see data room
The assets
Three deposits. Licence numbers included.
Total recoverable gold 386.75 kg (~12,430 oz) — at our conservative $4,500/oz floor that is ~$55.9M in the ground, fully explored before you commit a dollar.
LICENCE XV-019166
Ulaan Uul
76.64 kg
Büreghangai, Bulgan
LICENCE MV-012449
Modot
251.50 kg
Bayangol Soum, Selenge Aimag
Who stands behind it
Geologists who’ve defended state reserve reports — and the bridge to digital capital.
AurumX LLC is a proven Mongolian gold team: national reserve-commission veterans, MRPAM relationships, decorated with national mining honours. TELLURIS pairs them with institutional tokenization specialists in the UK — compliance-first structuring from licence to wallet. 100 certificates are gifted to our charity partner Our United Planet.
Pasi Nieminen
Chairman · AurumX LLC · Mongolia
Luke Sullivan
Tokenization · UK
Jay Weekes
Tokenization · UK
Chinbat S.
CEO · AurumX LLC · Mongolia
Erhembayar E.
AurumX LLC · Mongolia
The rounds
The earlier you move, the more of SPV2 you own first.
$1,100 list. 2,200 certificates to investors — the Strategic Partner and Private Whale tiers carry first refusal on SPV2, a project expected to be ten times larger. When these close there is no re-opening at this price.
−20%
VC / Strategic Partner
$880
per certificate
300 certificates
◆ FIRST REFUSAL · SPV2$264k capacity · first refusal on SPV2
Claim Allocation−10%
Private Whale
$1000
per certificate
200 certificates
◆ FIRST REFUSAL · SPV2$200k capacity · first refusal on SPV2
Claim Allocation−5%
Private Early Bird
$1045
per certificate
500 certificates
$522k capacity · 5% off list
Claim AllocationDue diligence lives inside,
not on a public page.
Licence files, drill logs, the gold-room security protocol and the full SPV model are never published. Once verified — government ID via our regulated KYC provider or an accepted decentralized-ID attestation — you receive data-room access under NDA, issued directly by the Telluris team. Serious diligence should feel like a privilege. It is.
🔒 Licence XV-006219
🔒 Drill logs · 168 operations
🔒 Reserve report
🔒 SPV1 financial model
2,500 certificates.
Only 2,200 on sale.
No re-open at this price.
Verification takes minutes. The allocation queue closes when the raise fills — and the two SPV2 first-refusal rounds fill with it.
Request Access →