TT and the adjacent UHG mine (listed HK entity Mongluing Mining...

TT and the adjacent UHG mine (listed HK entity Mongluing Mining Corp!) use the same road link at present delivering into the china market.

Whilst big TT have very large reserves (use of the term loosely) these are not welll defined and the geology is complex and given its not well planned or managed means that accessing thoses reversers will become increasingly challenging.

Aspire in theory will deliever to a different border crossing but it may well be that TT coal is blended to meet the chinese coking market.

In summary all should be compatible and no threat directly just local politices at play.

Regardless of clean power and the use of coal or not we are selling a premium coking coal that has a large market, I donot see China's steel manufacturing going electcrial/green in a hurry and the window for us remains open