Erdenetiin Ovoo, the largest porphyry copper-molybdenum deposit in Mongolia (1.78 Gt @ 0.62% Cu, 0.025% Mo), is exploited by the Erdenet mine. It is located within the Orkhon-Selenge volcano-sedimentary trough which was developed on an active continental margin. The geodynamic evolution of the trough involves an early intra-continental stage, comprising rifting of a shallow continental shelf, accompanied by the emplacement of sub-aerial Permian mafic and felsic, and Triassic mafic volcanics. The Permian volcanics are predominantly alkali-rich trachyandesites, occurring as interlay ered flows and pyroclastics of the Khanui Group, overlying a Vendian (late Neoproterozoic) to early Cambrian basement with Palaeozoic (Devonian) granitoid intrusions, and Carboniferous sediments. Plutons, ranging in composition from diorite to granodiorite, quartz syenite and leucogranite intrude the Permian volcanic succession and exhibit similar compositional trends as the host volcanics. This suggests the intrusions are related to, and possibly coeval with, the volcanic rocks. The Triassic Mogod Formation volcanics, which are largely composed of trachyte flows, trachyandesite and basaltiotrachyandesite, directly overlie the Permian sequence. Early Mesozoic porphyritic subvolcanic and hypabyssal intrusions, which are genetically associated with the trachyandesite volcanics, are related to a continental collisional setting. These include syn-mineral granodiorite-porphyry intrusions which form shallow bodies, occurring as elongated dykes or small, shallow stocks. These porphyries vary from quartz diorite through granodiorite to granite in composition. They are characterised by porphyritic textures (up to 40% phenocrysts) with plagioclase phenocrysts set in a fine-grained groundmass of K feldspar, and are found in the core of the hydrothermal systems, where they are associated with high-grade ore.