daytrades march 17 morning, page-206

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    AKM

    OVOOT COKING COAL PROJECT - ADDITIONAL QUALITY DATA
    ? Additional Results From Washing Yield Analysis confirms high yield expectation ? Three quarters of all Raw Coal Analysis now received confirming high raw coal
    quality
    Coal Washing Yield Analysis
    Aspire (ASX : AKM) is pleased to advise that it has received additional coal quality data relating to the Company?s Ovoot Coking Coal Project?s 2010 resource drilling programme. The Company has now received two batches comprising 124 samples or 36% of the total samples to be received.
    The combined results for the two batches continue to demonstrate a very high theoretical yield of 87% to produce a simulated product with a 7.7% ash content and a CSN of 8.7.
    Note that there is no thermal coal fraction.
    Coal washability test work involves float/sink tests and froth flotation using a specific gravity cut off of 1.6. With such low ash results it is likely that not all of the raw coal will need to be washed to produce a high quality blended product.
    Raw Coal Analysis
    An additional batch of Raw Coal sample analysis has also been received. The Company now has received 75% of all samples from the 2010 drilling programme. The results continue to demonstrate a high quality raw coal.
    Table 1: Raw coal quality results
    All results have been provided by SGS Laboratories in Tianjin, China.
 
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