Aspire Mining Limited (AU:AKM) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Aspire Mining Limited has announced an updated estimate of its Ovoot Coking Coal Project, confirming a total coal resource of 219.4 million tonnes and a coal reserve of 130.1 million tonnes. The project features a conservative life-of-mine plan with a 31-year lifespan and boasts low initial capital costs with a payback period within three years. The project’s estimated net present value is nearly USD 1.6 billion, highlighting its promising financial prospects.
For further insights into AU:AKM stock, check out TipRanks’ Stock Analysis page.