Sponsored

Aspire Mining Marching ahead with FEED Study progress on Erdenet Rail Terminal

Highlights

  • Phase 1 Front End Engineering Design (FEED) Study on the Erdenet Rail Terminal (ERT) coal storage and transloading infrastructure completed by O2 Mining Limited. 
  • Phase 1 of the FEED Study on the OCCP Coal Handling and Preparation Plant infrastructure was recently completed.
  • Detailed engineering and cost estimation would be performed upon the suite of infrastructure, underpinning efficiency maximisation and minimising environmental impact and operating costs. 

Aspire Mining Limited (ASX: AKM) is steering its initiatives well to advance the development of the Ovoot Coking Coal Project. In a significant update, the Company announced the completion of Phase 1 Front End Engineering Design (FEED) Study on the Erdenet Rail Terminal (ERT) coal storage and transloading infrastructure.

The study was undertaken by O2 Mining Limited, also involved with the OCCP pre-feasibility study completed in 2019. During the June quarter this year, Aspire engaged O2 Mining to conduct ERT FEED Study. The directors of O2 Mining have more than 15 years of combined experience across numerous Mongolia-based mining and infrastructure projects.

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

The Company’s Phase 1 of FEED Study on the OCCP Coal Handling and Preparation Plant infrastructure was also completed recently, undertaken by Sedgman Pty Ltd. 

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

Coal Project, Infrastructure Project, Mongolia

Source: AKM Update, dated 30 July 2021

Terminal Facility to be located near Erdenet- Sakhilt rail line

The preferred location for the Erdenet Rail terminal facility has been secured adjacent to the Erdenet – Sakhilt rail line. The facility’s location is such that incoming truck traffic would not impact populated areas while high voltage mains electricity is located nearby. 

Aspire apprised of the local government’s support to the intended development. Meanwhile, it continues discussion and negotiation with relevant parties and stakeholders. 

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

ERT FEED Study makes headway

As part of Stage 1 Objectives, Trade-off analysis was wrapped up, which compared capital and operating costs. Meanwhile, the social and environmental impacts of alternative storage concepts and materials handling technologies were also assessed during the study. 

O2 Mining is currently advancing to complete the second phase of the FEED Study, which would mark the final stage of the study. The focus of O2 Mining would remain on increasing the level of detail and accuracy in design and cost estimations for the preferred infrastructure configuration. The final phase is expected to be complete within the December 2021 quarter.

ALSO READ: Aspire Mining (ASX: AKM) keen to unlock Mongolian Mining potential

Way Forward

Phase 2 FEED Study would be geared towards maximising efficiency and minimising environmental impact and operating costs. Thus, detailed engineering and cost estimation would be performed upon the suite of infrastructure, including:

Enclosed unloading stations for accepting coal from road trucks

It will allow the trucks to unload quickly whilst also ensuring that any dust generated during discharge will be captured

Enclosed coal storage building 

During inclement weather, it would protect coal and enable the continuation of train loadout operations. It will also prevent the discharge of dust and water from the site.

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

Automated reclaim system from coal stockpile to train loadout

It will enable high-speed train loading without reliance upon the use of mobile equipment. As a result, it would reduce diesel consumption and emissions generation.

AKM shares traded at A$0.082 on 20 September 2021.

Comment


Disclaimer

Ad

GET A FREE STOCK REPORT


Top Penny Picks under 20 Cents to Fit Your Pocket! Get Exclusive Report on Penny Stocks For FREE Now.


   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK