Aspire Mining Ltd (ASX:AKM) managing director David Paull speaks to Proactive Investors about the company’s recent strategic financing and its development of the Ovoot Coking Coal Project in Mongolia. “We’re well-funded now to complete the pre-feasibility study, and feasibility studies, that are required to confirm the early development project for Ovoot,” Paull says. He continues, “the early development project … comprises both the mine site mine planning exercise for the carve-out of the low-ash, high-yielding section of the Ovoot project and also establishing a direct haul road. “We’re looking at a combination of diesel genset as support for a solar power station … so that’s an interesting occurrence [where] you’ll have a coal mine operation using solar as its predominant power source, which is a sign of the times.”
Views: 201 Proactive Investors Stocktube
Aspire Mining Limited: Site Infrastructure and Rail video of the Ovoot Coking Coal Project located in northern Mongolia.
Views: 1642 AspireMiningLimited
Aspire Mining Ltd (ASX:AKM) managing director David Paull speaks to Proactive Investors about the development company’s recent work and financing arrangements at its Ovoot Coking Coal Project in Mongolia. Aspire is targeting early production of washed coal from Ovoot within 12 to 15 months of approval, and has formulated the Ovoot Early Development Plan (OEDP) including related funding commitments. In support of the OEDP, the company has executed definitive and binding documentation with substantial shareholder Tserenpuntsag Tserendamba to invest $10 million as part of a $15 million strategic financing package.
Views: 220 Proactive Investors Stocktube
Aspire Mining Ltd (ASX:AKM) managing director David Paull talks Proactive Investors through the outcomes of a Pre Feasibility Study on the Ovoot Early Development Project. The company is seeking the near-term production of coking coal from the Mongolian asset, to feed Chinese demand. Paull outlines the various development options still open for the project beyond the scope of the current PFS.
Views: 144 Proactive Investors Stocktube
Aspire Mining Ltd (ASX:AKM) managing director David Paull speaks to Proactive Investors about the review of a rail feasibility study, carried out by wholly-owned rail subsidiary Northern Railways LLC, with the support of China Gezhouba International Ltd. This 547.7 kilometer railway extension will connect Aspire Mining’s large-scale Ovoot Coking Coal Project to the the town of Erdenet, and form part of the proposed Northern Rail Corridor extending across northern Mongolia into southern Russia. "We've got a NPV on a 8% after tax basis of just under US$3 million. It's a typical large infrastructure project, produces nearly US$3 billion in net cash flow after tax, after capital, over a 30-year period. And it's based on a rail tariff, and based on freight volumes, largely driven by the Ovoot project," says Paull.
Views: 489 Proactive Investors Stocktube
Aspire Mining Ltd (ASX:AKM) managing director David Paull says "as a relatively small cap company, we've got our foot on a real giant, and realising the value in that giant is really what we're aiming to do through this year." The company’s plans for 2018 are focused on developing coking coal deposits in Mongolia to deliver international specification product to neighbouring international consumers. Following a large rights issue in December, drilling and a feasibility study should be completed on the Nuurstei project by mid-year. The much larger world class Ovoot project is tied to the development of rail infrastructure that represents a strategic priority for the government of Mongolia as part of the Northern Rail Corridor, on top of Russia and China’s interests in the One Belt One Road Strategy.
Views: 613 Proactive Investors Stocktube
We caught up with David Paull, Managing Director at Aspire Mining (ASX: AKM), at the 11th annual Mines and Money Asia in Hong Kong. In this video, David updated us on Mongolia as a mining jurisdiction, the encouraging long-term outlook on coking coal supply and demand, and how Aspire Mining fits into the evolving landscape of mining investment. Mines and Money Asia returns to the Hong Kong Convention & Exhibition Centre from 2-4 April 2019. For more information please visit http://asia.minesandmoney.com
Views: 290 Mines and Money
Aspire mining receives landmark mining licence Aspire mining receives landmark mining licence Aspire Mining ASXAKM has been granted and received a mining licence covering 860.9 hectares of its 9... SUBSCRIBE To Our Channel : https://www.youtube.com/channel/UCPMjaOmdSqkcKmrntN5TF4Q Facebook : https://www.facebook.com/World-Breaking-News-1801911953358902/ Twitter : https://twitter.com/trinhhuuminhly Google+ : https://plus.google.com/u/0/101746655803030079868 Pinterest : https://www.pinterest.com/adanjanuzai/ Wedsite : http://www.bbc.com/news Instagram : https://www.instagram.com/world_breaking_news_tv/ Source : http://c.newsnow.co.uk/A/2/905464406?-1366:758:0 Thanks For Watching Video. Please SUBSCRIBE
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Aspire Mining Limited's (ASX:AKM) initial raw coal quality testwork results continue to confirm high quality coal at Ovoot Coking Coal Project, located in the Khuvsgul Province in Northern Mongolia. Raw coal results to date are consistent with high quality metallurgical coals in both the upper and lower coal seams. Aspire today announced the results of coal quality testwork conducted on 62 samples at the SGS Laboratories in Tianjin, China. These 62 samples reflect sampling from 3 holes, DH 218, 210 and 220 from the company's JORC Compliant Coal Resource Drilling Programme which commenced in late April 2010. WA nickel explorer Condor Nickel Limited (ASX:CNK) exploration drilling continues to indicate the potential for a significant iron ore resource at its Dingo Range Project. Recent work at Dingo Range has included drilling and additional surface rock chip sampling, the geology of the Target Areas includes a Banded Iron Formation which has significant continuity within the Dingo Range greenstone belt and is the probable source of the secondary iron surface enrichment. The Dingo Range project is located some 450 kilometres north of Kalgoorlie-Boulder and 150 kilometres south east of Wiluna. Mirabela Nickel Limited (TSX:MNB) (ASX:MBN) has priced an institutional bookbuild to raise US$165 million. The Global Offer is being privately placed with institutional investors in Australia, Canada and internationally and was priced at A$1.60 (C$1.52) per share. The successful completion of this equity raising will materially reduce the Company's financial indebtedness and provide Mirabela with a strong platform for future growth, and will also allow Mirabela to move forward with the continued ramp-up of operations at Santa Rita, commented Ian Purdy, CEO. IMX Resources Limited (ASX:IXR) has reported new nickel-copper intersections from 2010 diamond drilling completed at the Nachingwea project in southern Tanzania. The project is a 30:70 Joint Venture between IMX Resources and Continental Nickel Limited (CVE:CNI) of Canada. These new intersections have extended the previously defined Ntaka Hill Ni-Cu sulphide mineralisation beyond the boundaries of the 2009 Mineral Resource model. The 2010 diamond drilling programme at Nachingwea is now complete with 36 holes drilled for a total of 4,988.8 metres of diamond core.
Views: 358 ABN Newswire
David Paull of Aspire Mining interviewed for the Sydney Mining Club by David Coe of Corporate Zest
Views: 366 sydneyminingclub