In August 2017 the Company exercised its option, acquiring a further 45% interest in the Nuurstei Coking Coal Project taking its total interest to 90%.
The Nuurstei project is capable of producing a high quality washed hard coking coal. Nuurstei is located approximately 10 km from Khuvsgul provincial capital of Moron and is approximately 160 km north east of the Ovoot project.
In October 2017 the Company received a mining license covering the Nuurstei resource area.
Previous drilling has identified modest JORC Coal Resources of 4.7 Mt of Indicated and 8.1 Mt of Inferred.
Further work on Nuurstei has been deferred with the focus being on bringing into production the much larger Ovoot Coking Coal Project.
|BENCH NAME||Indicated (Mt)||Inferred (Mt)||Total|
|BOW - 50 m||1.18||1.5||2.68|
|50 m - 100 m||1.72||2.3||4.02|
|100 m - 150 m||1.1||2.1||3.2|
|150 m - 200 m||0.34||1.7||2.04|
Summary of Indicated and Inferred Coal Resources at 50 m Depth Increments
Coal quality analysis results including washability and coking testwork was completed as part of the 2014 and 2015 exploration programmes. Analysis was conducted on core samples from these programmes and indicates a quality hard coking coal present at Nuurstei, with a high caking “G” index, good fluidity and low sulphur.
|Indicative Washed Coal Quality (Air Dried)|
|Volatile Matter %||26|
|Total Sulphur %||0.7|
|Free Swelling Index (FSI)||8.5|
|Caking Index (“G”)||98|
|Gieseler Fluidity (ddm)||3755|
|Max Dilatation %||190|
|Sapozhnikov Index - X mm||16|
|Sapozhnikov Index - Y mm||29|
Indicative Washed Coal Quality (air dried basis)
Competent Persons Statement – Nuurstei Exploration Results
The information on this site that relates to Reporting of Exploration Results, is based on information compiled under the supervision of, and reviewed by, the Competent Person, Mr Parbury, who is a full time employee of McElroy Bryan Geological Services, is a Member of the Australasian Institute of Mining and Metallurgy and who has no conflict of interest with Aspire Mining Limited.
The reporting of exploration results for 13580X presented on this site has been carried out in accordance with the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’, The JORC Code 2012 Edition prepared by the Joint Ore Reserves Committee of the Australasian Institute of Mining and Metallurgy, Australian Institute of Geoscientists and Minerals Council of Australia (JORC). These results were reported to the ASX in an announcement dated 15 October 2014.
Mr Parbury has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Parbury consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.