One more coking coal project started drilling in Mongolia
Aspire just embarked on its drilling program at the Nuurstei Coking Coal Project in Mongolia as it aims to upgrade the resource.
Aspire Mining Limited is a large coal tenement holder in the Orkhon-Selenge Coal Basin in northern Mongolia, which owns the second largest coking coal project by reserves in Mongolia, a 90% interest in the Nuurstei Coking Coal Project. Aspire just embarked on its drilling program at the Nuurstei Coking Coal Project in Mongolia as it aims to upgrade the resource. This will assist with the financing of an exploration program and feasibility study as it aims to bring Nuurstei into production by 2019. As the company approaches the feasibility stage, it is drawing closer to production. David Paull, managing director, said: “The market for coking coal remains robust with historically healthy pricing of hard coking coals of the quality that we expect Nuurstei can produce.”
source: www.proactiveinvestors.com.au
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