Australia-based, Mongolia-focused coking coal explorer Aspire Mining Limited has announced that it has increased its JORC compliant open pit coal reserve by 41 million mt to 219 million mt in its wholly-owned Ovoot Coking Coal Project (Ovoot) located in northern Mongolia. The Ovoot project is confirmed as the second largest coking coal reserve in Mongolia.
The company also stated that the life of mine has been extended by five years to 20 years.