A pre-feasibility study (PFS) at Aspire Mining’s Ovoot coking coal project in Mongolia has been delayed to allow for the inclusion of quality data for resource and reserve remodeling. It’s now expected the company will release the study results by mid-May.
The study will include detailed assessment of the development of a large-scale open pit mine operation at the Ovoot site in northern Mongolia, which is the largest coking coal deposit in the region. In 2010, Aspire announced a maiden total resource estimate at Ovoot of 331 million tonnes.
Detailed engineering designs and capital expenditure estimates are now completed with an announcement regarding the rail PFS, which was commissioned by Aspire subsidiary Northern Railways LLC, expected soon.
http://www.asiaminer.com/magazine/current-news/4216-mongolia-aspires-ovoot-pfs-delayed.html
ovoot pre-feasibility study update, page-14
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