Aspire conducts its activities in the vicinity of various sub-provinces... > Read More
Aspire’s wholly owned Ovoot Project comprises one mining and th... > Read More
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Aspire Mining Limited is an ASX listed (ASX: AKM) exploration and development company focused on discovering and developing world class premium coal deposits in Mongolia, maximising shareholder returns over the long term, and contributing to the social and economic enrichment of local communities.
Aspire is a partnership of Mongolian Australian interests with a primary focus on Mongolia, a resource rich country with a rapidly developing coal mining industry emerging as a key future supply source given Mongolia’s close geographical position to some of the largest coking coal consumers worldwide – China, Russia, Japan, Korea, Turkey and Europe.
Whilst a majority of coal projects are located in the south of Mongolia, Aspire is progressing the development of its flagship wholly owned Ovoot Coking Coal Project (“Ovoot Project”) in northern Mongolia. The Ovoot Project currently has a Probable JORC Compliant Coal Reserve of 255 Mt of coking coal. The Ovoot Project is classed as the second largest coking coal Reserve in Mongolia, and has considerable room to grow further from future exploration activities.
The Ovoot Project is ready to move into a Definitive Feasibility Study and development, having completed two Pre-Feasibility Studies, received a Mining Licence, and approval from the Mineral Resource Authority of Mongolia for its Mongolian Feasibility Study. At full production the Ovoot Project is capable of producing up to 10 million tonnes per year of premium quality coking coal to be supplied to Asian, and Eastern European coking coal markets.
The successful development of the Ovoot Project is underpinned by the construction of railway infrastructure from the Ovoot Project connecting to the Trans-Mongolian Railway at Erdenet in northern Mongolia. The progression of this crucial piece of railway infrastructure for Mongolia is being driven by Aspire’s Mongolian infrastructure subsidiary Northern Railways LLC.
The Company continues to focus on the commercial and development activities for both the Ovoot Project and the Erdenet – Ovoot Project railway in order to see commissioning of both mine and railway in 2018.