Aspire Mining obtains approval from Mongolian Reserve Council for total Ovoot reserves in Mongolia
Aspire Mining Ltd (ASX:AKM) has obtained approval from the Mongolian Reserve Council (MRC) in relation to the Ovoot reserves at its Ovoot Early Development Project (OEDP) in Mongolia.
This follows the company's submission incorporating and consolidating all past data and information on Ovoot.
Aspire received the results of a pre-feasibility study (PFS) for the early development of the world class Ovoot Coking Coal Project in February 2019 by first constructing a haul road able to deliver up to 4 million tonnes per annum of coking coal to the nearest rail head at Erdenet.
From there the coal can be railed north or south to export markets.
Aspire's strategy is to progress with low capital intensity road-based development to deliver early production.
Ongoing works also aims to advance the larger-scale and longer-term Erdenet-to-Ovoot railway development.
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