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Aspire Mining advances Ovoot Project development with the completion of Stage 1 FEED Study

Highlights

  • Aspire Board give the nod to sustainable materials handling options for the Ovoot Coking Coal Project. 
  • Sedgman Pty Ltd, engaged by Aspire, has finalised the Stage 1 Front End Engineering Design (FEED) Study, including trade-off analysis to compare the use of various concepts and available technologies. 
  • Sedgman has been instructed to advance Stage 2 of the FEED study, expected to be completed within the December 2021 quarter.

Stepping up its progress on Ovoot Coking Coal Project (OCCP) a notch, Aspire Mining Limited (ASX: AKM) announced the finalisation of Stage 1 Front End Engineering Design (FEED) Study conducted by Sedgman Pty Ltd. 

As part of Stage 1 of the FEED study, Sedgman completed the trade-off analysis, comparing the use of various concepts and available technologies. 

RELATED ARTICLE: Aspire Mining (ASX:AKM) on a fast-paced growth track with high quality Fat Coking Coal

The leading provider of integrated minerals processing solutions, Sedgman, was awarded the contract for preparing a FEED study on 31 May 2021. The FEED Study on Coal Handling and Preparation Plant (CHPP) infrastructure is focussed on supporting the commencement of operations at the OCCP. 

READ MORE: Aspire Mining (ASX: AKM) Awards Contract for CHPP Study to Sedgman

After a review of the trade-off analysis, Aspire Board has instructed Sedgman to advance with Stage 2 of the FEED Study.

What would be the focus of the Stage 2 FEED Study?

Stage 2 of the FEED Study is to refine the concept level designs and produce capital and operating cost estimates with higher accuracy. Meanwhile, sustainability and reduced environmental impacts would remain as high priorities during the evaluation of the possible concepts. 

Ovoot Basin, Aspire Mining (ASX: AKM)

Source: AKM Update, dated 15 September 2021

RELATED ARTICLE: Aspire Mining (ASX: AKM) advancing well with Sustainable Focus

Several concepts are to be pursued in Stage 2, including:

  • Reflux classifiers for fine and ultrafine coal recovery- To eliminate the need to use and store flotation chemicals onsite.
  • Filter press technology- To support the maximisation of water recovery and reuse. 
  • Enclosing ROM delivery and product stockpiling facilities- To contain dust potentially generated during all weather conditions.
  • Use of mechanised and automated coal handling systems- To load and weigh product trucks quickly without any requirement for mobile equipment. It would significantly reduce diesel consumption and emissions. 

Stage 2 of the FEED study is anticipated to be completed within the December 2021 quarter.

RELATED ARTICLE: Aspire Mining soars 22% on confirmation of high-quality fat coking coal at Ovoot

How will Engagement with Sedgman bring advantages to OCCP development?

Sedgman is a dominant supplier of integrated minerals processing solutions and has experience in delivering world-class processing solutions. It is a market leader on various fronts such as design, construction, commissioning, and operations of minerals processing facilities.  

RELATED ARTICLE: Aspire Mining (ASX: AKM) brings off multifaceted progress during June Quarter

Sedgman offered technical input and several studies to support the Ovoot project economics from discovering the deposit in 2010. 

Sedgman plans to leverage this experience for engaging local Mongolian subcontractors to conclude the FEED Study, conforming with in-country requirements.

AKM shares traded at A$0.084 on 15 September 2021. 

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