A gravity survey completed at Ovoot highlights new areas of mid and high exploration potential surrounding the Ovoot Mining Licence.
The Nuurstei Joint Venture exploration program for 2015 confirmed coal quality expectations of a high quality coking coal with moderate to high ash, mid to low volatiles and excellent coking properties including maximum vitrinite reflectance (RoMax%) ranging from 1.3 to 1.4, the company said.
With completion of Nuurstei Program significant overhead reductions have been made in Mongolia and Australia.
Aspire is in discussions with the Noble Group to roll forward its $US5 million loan facility due in March 2016.
Northern Railways LLC and its advisers continue discussions with potential funders of a rail feasibility study for the Erdenet to Ovoot Railway.
