Aspire Mining in pre open ahead of news of maiden coal Reserves and Resource update at Ovoot
May 25 (Proactive Investors) Aspire Mining (ASX: AKM) has been granted a trading halt by the ASX as it prepares to inform the market on the maiden Reserves and updated Resources at the Ovoot Coking Coal Project.
The company is very close to releasing a Pre-Feasibility Study for the Ovoot Project in Mongolia, where it is targeting the development of up to a 15 million tonne per annum run of mine open pit.
Importantly, the 500 square kilometre project could potentially evolve into a Tier 1 asset with five exploration areas and a comprehensive airborne magnetics program defining an extensive basin.
The halt will last until the earlier of an announcement being made available to the market, or the opening of trade on Tuesday 29 May.
The company is very close to releasing a Pre-Feasibility Study for the Ovoot Project in Mongolia, where it is targeting the development of up to a 15 million tonne per annum run of mine open pit.
Importantly, the 500 square kilometre project could potentially evolve into a Tier 1 asset with five exploration areas and a comprehensive airborne magnetics program defining an extensive basin.
The halt will last until the earlier of an announcement being made available to the market, or the opening of trade on Tuesday 29 May.
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