Company News: Aspire Mining
Updated: 18 Oct 2010
Aspire Mining Limited is a coal resource company which owns 100% of the exciting Ovoot Coking Coal Project in Mongolia along with the Nurant and Shanagan Coal Projects. In addition the company owns a 49% interest in the Windy Knob gold and base metals project located in Western Australia.
Aspires key driver is discovering and developing world class ore bodies, adding growth and maximising shareholder returns over the long term. The Ovoot Coking Coal Project has provided Aspire with a large scale high quality hard coking coal project in Mongolia. Drilling to date indicates that the thick coal seams are flat dipping and are of a high ranking coal.
Aspire's initial targets in 2010 at Ovoot are to identify a large scale open pittable hard coking coal project in order to justify extending rail infrastructure to the project area. Exploration to date has involved +6,000 metres of drilling, with results for coal specifications and metallurgical test work pending. Apsires aim is to present a JORC compliant resource in the December quarter 2010.
Mongolia is highly prospective for coal and other minerals, has a rapidly developing coal mining industry and is well located to large coal consumers in China, Japan and Korea.
Aspires key driver is discovering and developing world class ore bodies, adding growth and maximising shareholder returns over the long term. The Ovoot Coking Coal Project has provided Aspire with a large scale high quality hard coking coal project in Mongolia. Drilling to date indicates that the thick coal seams are flat dipping and are of a high ranking coal.
Aspire's initial targets in 2010 at Ovoot are to identify a large scale open pittable hard coking coal project in order to justify extending rail infrastructure to the project area. Exploration to date has involved +6,000 metres of drilling, with results for coal specifications and metallurgical test work pending. Apsires aim is to present a JORC compliant resource in the December quarter 2010.
Mongolia is highly prospective for coal and other minerals, has a rapidly developing coal mining industry and is well located to large coal consumers in China, Japan and Korea.
Business Category Exploration; Mining
Regions of Operation Central and Northern Asia; Australasia
Exchange Ticker AKM
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Exchanges listed on ASX
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Unit 2, 454 Roberts Road
- Subiaco
- WA
- 6008
- Australia
Most Recent Company News
- Elephant country - 31 Oct 2011 2:10pm
ACTIVITY on the ground and at corporate level continues to pick up pace in the Mongolia mining arena Read more... - Aspire signs duo - 18 Feb 2011 11:37am
Mongolian-focused coking-coal explorer Aspire Mining Ltd has appointed a chief financial officer and general manager of operations Read more... - Aspire strikes alliance - 29 Oct 2010 12:12pm
Aspire Mining Ltd has entered into a binding agreement with Mongolian coal producer SouthGobi Resources Ltd for an A$20.1 million placement and strategic partnership. Read more...
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