Equipment has already been mobilized onsite after an overnight pre-mining approval from the Mongolian government for the site’s north pit.
South Gobi consists of five tenements in the country’s Umnigovi Aimag province about 1000km away from the capital of Ulaanbaatar but only 60km from the Chinese border.
“By November, the South Gobi project will be producing quality low-cost coal closest to the biggest market in the world,” Guildford director Craig Ransley said.
Guildford said it has received interest in coal offtakes from 10 parties consisting of Chinese and Korean end users and large international coal trading houses.
South Gobi has a JORC coal resource of 70Mt of coking coal consisting of an indicated resource of 40Mt and an inferred resource of 30Mt. A further exploration target of 70Mt to 892Mt of coal has been estimated.
