Putting the Spotlight on AKM in Mongolia, page-7

thanks to those sellers got some at 1.4c today  

if your selling today from yesterdays volume you've lost money as over 93% bought at 1.5c - congrats lol


Aspire Mining sends bulk Nuurstei coal sample for coke oven testing

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18:55 21 Mar 2018
Test work forms part of a feasibility study for the coking coal project in northern Mongolia.
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The company is working towards beginning a road-based operation by 2019
Aspire Mining Ltd (ASX:AKM) is advancing a feasibility study for the Nuurstei Coking Coal Project in northern Mongolia with a bulk sample sent for coke oven testing.
An indicative sample taken from the project is on its way to Australia for comprehensive tests in a coke oven.
The tests are another step in the feasibility study for the project, in which Aspire holds 90%.
READ: Aspire Mining attracts $16.5 million to advance coking coal project in Mongolia

Aspire aims to begin a road-based operation at Nuurstei and then access the new Erdenet to Ovoot Railway two years later.
The proximity of Nuurstei to existing infrastructure provides Aspire with an opportunity to assess a road-based operation before construction of the rail line is complete.
Drilling program is delayed

An infill drilling program at Nuurstei has been temporarily delayed while the company engages in additional consultation with the local community.
The 58-hole program is aimed at converting a proportion of the JORC inferred resource inventory into an indicated resource.
Nuurstei has 4.7 million tonnes of indicated resources and 8.1 million tonnes of inferred resources.
READ: Aspire Mining commences resource conversion drilling ahead of feasibilitystudy

Drilling is also aimed at extending the resource base to support a mine development based on supplying a 1 million tonnes per annum wash plant on site.
Managing director David Paull said: “The market for coking coal remains robust with historically healthy pricing of hard coking coals of the quality that we expect Nuurstei can produce.”
Depending on results of the 2018 drilling program, future positive economic studies, funding and granting of approvals and licences, a road-based operation could commence by 2019.
Contract at adjacent operation

Aspire has also entered a contract to buy 100,000 tonnes of raw coal from a mine adjacent to Nuurstei.
This coal is being mined by Aspire on behalf of the owner to provide commercial samples and confirm logistics
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paths and costs for the feasibility study.
The coal seams being mined are extensions of the seams in the Nuurstei project.
They will also be used to provide washed coking coal simulations and commercial trial quantities for marketing purposes through toll washing in China.