Coal news and updates

Aspire Mining Ltd (ASX:AKM) (FRA:WKU) has received fresh laboratory results confirming that its Ovoot Coking Coal Project (OCCP) in Mongolia is a high-quality premium fat coking coal of high value and that is in demand in neighbouring China.

 

A 60-kilogram sample of fresh coking coal indicative of Ovoot’s Upper Seam, which will be the focus of the Ovoot Early Development Project, was tested by SGS in Tianjin China.

 

The key results are consistent with earlier laboratory tests and reaffirm the attractiveness of Ovoot Fat Coking Coal as having outstanding caking, fluidity and plastic properties across a wide temperature range.

 

Investors have responded positively with shares up more than 35% in early trading to 10 cents. 

 

Source : https://www.proactiveinvestors.com.au/companies/news