MARKETS

Aspire's pure coking coal play

FURTHER coal quality analysis has confirmed that Aspire Mining is exploring a significant coking ...

Blair Price
Aspire's pure coking coal play

Aspire has only drilled about 10% of its Ovoot project in the Ovoot Basin, about 60 kilometres from the Russian border.

The second batch of samples backed up earlier quality results.

Aspire has tested about 124 samples, or 36% of the samples received so far, and noted that no thermal coal fraction was present.

Coal washability results indicated the raw coal could yield 87% of product coking coal with a 7.7% ash content and a crucible swelling number (CSN) of 8.7.

“With such low ash results, it is likely that not all of the raw coal will need to be washed to produce a high-quality blended product,” Aspire said.

The average raw coal quality is at 6541 kilocalories per kilogram, with ash of 20.2% and sulfur of 1.1%, all on an air-dried basis.

This raw coal also averages a CSN of 7.5 and inherent moisture of 0.7% (adb).

A rig is undertaking infill drilling to establish a “direct ship ore” operating open pit.

Another rig will drill possible resource extension targets by the end of this month.

Aspire shares closed up 4.9% to 75c on Friday.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production