Newera Resources (ASX: NRU) has had a key South Gobi exploration license renewed for a three year term from January 2013.

The Minerals Resource Authority of Mongolia has renewed the license, while Newera undertakes due diligence over the Ulaan Tolgoi project.

In March of 2013, Newera entered into a binding MOU towards completing a formal Joint Venture agreement covering an Exploration Licence for the Ulaan project in the South Gobi region of Mongolia.

The Ulaan Tolgoi project is located in the South Gobi province of Mongolia – 100 kilometres from the Chinese Border.

In southern Mongolia, over the past ten years significant discoveries and mine developments have taken place within the South Gobi province, including the large Tavan Tolgoi, Mak and Ovoot Tolgoi projects.

The the giant Oyu Tolgoi copper mine development is also located within the province.

Significantly for the Ulaan project owned by Newera, projects with proximity and access to the Chinese border and internal Chinese transport infrastructure have found support. The Ulaan Tolgoi project is less than 100 kilometres from the Chinese border.