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Aspire Mining fully-funded to progress Ovoot early development plan after strategic financing

Aspire Mining Ltd (ASX:AKM) managing director David Paull speaks to Proactive Investors about the company’s recent strategic financing and its development of the Ovoot Coking Coal Project in Mongolia.

“We’re well-funded now to complete the pre-feasibility study, and feasibility studies, that are required to confirm the early development project for Ovoot,” Paull says.

He continues, “the early development project … comprises both the mine site mine planning exercise for the carve-out of the low-ash, high-yielding section of the Ovoot project and also establishing a direct haul road.

“We’re looking at a combination of diesel genset as support for a solar power station … so that’s an interesting occurrence [where] you’ll have a coal mine operation using solar as its predominant power source, which is a sign of the times.”

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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