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Aspire Mining pleased with 'very good commercial outcomes' from rail feasibility study

Aspire Mining Ltd (ASX:AKM) managing director David Paull speaks to Proactive Investors about the review of a rail feasibility study, carried out by wholly-owned rail subsidiary Northern Railways LLC, with the support of China Gezhouba International Ltd. This 547.7 kilometer railway extension will connect Aspire Mining’s large-scale Ovoot Coking Coal Project to the the town of Erdenet, and form part of the proposed Northern Rail Corridor extending across northern Mongolia into southern Russia.

"We've got a NPV on a 8% after tax basis of just under US$3 million. It's a typical large infrastructure project, produces nearly US$3 billion in net cash flow after tax, after capital, over a 30-year period. And it's based on a rail tariff, and based on freight volumes, largely driven by the Ovoot project," says Paull.

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Price: 0.012 AUD

ASX:AKM
Market: ASX
Market Cap: $39.92 m
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Aspire Mining PFS shows 'fantastic financial outcome' with further optionality

Aspire Mining Ltd (ASX:AKM) managing director David Paull talks Proactive Investors through the outcomes of a Pre Feasibility Study on the Ovoot Early Development Project. The company is seeking the near-term production of coking coal from the Mongolian asset, to feed Chinese...

on 1/3/19

2 min read