Aspire Mining Reveals Promising Update on Ovoot Coal Project

Aspire Mining Limited (AU:AKM) has released an update.

Aspire Mining Limited has announced an updated estimate of its Ovoot Coking Coal Project, confirming a total coal resource of 219.4 million tonnes and a coal reserve of 130.1 million tonnes. The project features a conservative life-of-mine plan with a 31-year lifespan and boasts low initial capital costs with a payback period within three years. The project’s estimated net present value is nearly USD 1.6 billion, highlighting its promising financial prospects.

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