Aspire Mining receives landmark mining license
Aspire Mining has been granted and received a mining licence covering 860.9 hectares of its 90%-owned Nuurstei Coking Coal Project located in Mongolia.
Aspire Mining receives landmark mining license. Aspire Mining has been granted and received a mining licence covering 860.9 hectares of its 90%-owned Nuurstei Coking Coal Project located in Mongolia. This is an important milestone for the Nuurstei Coking Coal Project. The mining license provides Aspire with minimum 30-year tenure over the licensed area. Nuurstei is seen as a starter project for Aspire while it progresses the 100%-owned Ovoot Coking Coal Project, Mongolia’s second largest coking coal project. A conceptual mine plan has been prepared based on Nuurstei's 12.85 million tons JORC resource. The plan indicates a potentially attractive mining proposition to truck coal 420 kilometres to the nearest railhead at Erdenet for export to North Eastern coking coal customers. Nuurstei coking coal has been successfully tested in Chinese coke plants as a high-quality low sulphur hard coking coal. Aspire is currently preparing for a bulk trial of indicative Nuurstei raw coal to test logistics paths and costs targeting delivery into the Tangshan coking coal market.
Views: 1935
Tweet