Metallurgical Coal Developer Aspire Mining’s Q3FY20 Progress Update concerning Ovoot Project

  • Apr 30, 2020 AEST
  • Team Kalkine

Leading pure-play metallurgical coal project developer, Aspire Mining Limited (ASX: AKM), focussed on advancing the Ovoot Early Development Plan (OEDP), first stage of its flagship Ovoot Coking Coal Project (100%-owned), has announced an update on March Quarter 2020. The Khuvsgul Government has approved Ovoot -Erdenet haulage road alignment and the ongoing discussions with potential sources of debt funding has confirmed interest subject to completion of the Definitive Environmental Impact Assessment and all subsequent approvals to begin the work. Nearly $ 0.2 million were spent on progressing the OEDP. The Erdenet to Ovoot Rail Concession agreement has been amended and the conditions completion date has been extended to September 8, 2021.


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