One Belt One Road (“OBOR”)
The One Belt One Road
project is arguably the single
largest investment initiative
globally.
OBOR is the “crown jewel”
of Chinese Gov’t Policy
designed to boost trade,
connectivity and take
advantage of latent industrial
capacity. Mongolia in a
prime position to participate.
Erdenet – Ovoot – Arts Suuri
– Kyzyl included in One Belt
One Road as the Northern
Rail Corridor in June 2016.
Provides an efficient path for
China/Europe trade and
unlocks substantial coking
coal deposits in northern
Mongolia and Russia’s
Tyuva region.
Map of Northern Corridor
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Aspire Mining Limited Investor Presentation
Ovoot Project Highlights
Ownership 100% Aspire Mining Limited
Run Of Mine (ROM) 255Mt(1)
Life Of Mine (LOM) 21 years
Total Saleable Product 188Mt
Coal Type* 100% High Quality Coking
Coal (“Fat” Coking Coal)
Average Strip Ratio 7.7 BCM waste/t coal
(excluding pre-strip)
OPEX(2) US$83-93/t FOR China Border
(first 5 years)
Initial Production Up to 5Mtpa
Capex(2) US$144m inc. contingency
Production Potential Up to 10Mtpa
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*The Ovoot product is capable of upgrading existing Mongolian thermal,
oxidised and low quality coking coals to saleable coking coals and is
therefore of significant strategic relevance.(3)
Aspire’s Ovoot Coking Coal Project in Northern Mongolia
is the country’s second largest coking coal Reserve, after
the Government owned Tavan Tolgoi Mine.
A Mining License (MV 017098) over the Ovoot Project
was granted in August 2012.
Aspire plans to develop the Ovoot Project during
construction of the Erdenet – Ovoot railway with first
production to coincide with rail commissioning.
Initial production from the Ovoot Project could commence
at 5Mpta, mining a high proportion of low ash bypass coal
– with upgrades to infrastructure, the mine is capable of
producing up to 10Mtpa of high quality coking coal.
While large scale development requires rail connection,
there are smaller scale development options possible
once the Nuurstei wash plant has been commissioned.
Ovoot Project
