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Aspire Mining's Mongolian Coal Project Shows Promise

Aspire Mining Limited (ASX:AKM) conducted tests on samples from its Ovoot Coking Coal Project in northern Mongolia. The Coal washability test results have indicated a very high theoretical yield of 87.7% to produce a simulated product with 9.5% ash content and a CSN of 9.

Based on the early results from the testing conducted by the company the Ovoot washed coal will be a high fluidity, mid volatile coking coal that would be well received in metallurgical coal markets. The consistency of the product has been confirmed by testing of further 97 samples from across the deposit. These have been collected from 18 holes and represent about 65% of the total samples that the company managed to collect in its drilling program in 2010.

Noble Group Limited has confirmed an investment in Aspire Mining. The company currently holds 4.1 % of the total issued share capital of Aspire Mining. Aspire's Managing Director David Paull said that Noble was one of the world's largest marketers of coking coal and Aspire welcomed news of its significant investment in the company. He also added that since Noble was active in Mongolia, Aspire and Noble have had very preliminary discussions about how the two companies can cooperate in the future.

Joel Scanlon

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Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

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