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.
The ASX-listed Mongolian coal explorer says it wants to further upgrade the Ovoot basin resource through exploration and infill drilling. The project covers a total of 509sqkm across three separate licences, with much of the exploration work focusing on the Ovoot licence area. The Hurimt and Zuun Del licences will be more actively explored this year.
Aspire’s managing director David Paull says the company is aiming to complete quality analysis and work to progress the development of key infrastructure including access to rail facilities which is required to connect the Ovoot project to the Trans Mongolian Railway and through to the global steel industry.
The company’s other Mongolian assets include the Nuramt, Jilchigbulag and Zavkhan projects.