Test work completed by Aspire Mining and joint venture partners Noble Group indicates that hard coking coal is present at their Nuurstei Coking Coal Project. This work has categorized the Nuurstei product as bituminous mid volatile coal.

The test work was carried out on a core sample from a hole drilled during the October 2014 exploration program. The results confirm a high quality coking coal present at Nuurstei, with a high caking G index and low volatile matter. Results include 0.4% moisture, 9.9% ash, 23.8% volatile matter, 65.9% fixed carbon, 0.84% total sulphur, 0.055% phosphorus, a Free Swelling Index of 8.5, Caking Index (G) of 94. The sample was tested at the ALS Laboratory in Ulaanbaatar.

The Ekhgoviin Chuluu Joint Venture (ECJV), which is owned equally by Aspire and Noble, currently has a 60% interest in the Nuurstei project with a right to move to 90% on the achievement of milestones.

Aspire's managing director David Paull says, “We are very pleased with the results received from this single core hole which indicates a premium hard coking coal is present in this project. Additional work will be required to confirm these results are indicative of the entire project.

“The Nuurstei Coking Coal Project complements our larger Ovoot Coking Coal Project, and presents as a potential road based mining operation which could be in production prior to the completion of the Erdenet to Ovoot section of the Northern Railway.”

Existing data is being reviewed and preparations are under way for a further exploration program. Subject to the results of the 2015 program, the ECJV intends to commence a scoping study for this project based initially on road based transport to the nearest rail head at Erdenet.

The Nuurstei project is about 10km southwest of Moron, the capital of the Khuvsgul province in northern Mongolia, and 160km east of Aspire’s wholly-owned Ovoot project.

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