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Independent geology report received for Nuurstei

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World Coal,

Aspire Mining has received the independent geology report for its Nuurstei metallurgical coal project in Mongolia. The report provides geological data on the coal seams located at Nuurstei and was independently prepared by McElroy Bryan Geological Services.

Nuurstei lies in the Orkhon-Selenge coal basin in the north of Mongolia. The project is 60% owned by the Ekhgoviin Chuluu Joint Venture between Aspire Mining and the Noble Group with Aspire recently securing a one-year option to buy out Noble’s 50% share of the joint venture.

On the back of the report, Aspire has defined an Exploration Target of between 15 and 25 million t of metallurgical coal. An Exploration Target indicates the potential of a coal deposit for which there has yet been insufficient exploration to estimate a coal resource.

In January 2015, the ECJV also received coal quality results from a composited sample taken form a single core hole (NUGH012) as part last year’s exploration programme. Quality results catagorised the coal as bituminous mid-volatile coal – confirming the presence after beneficiation of a quality hard metallurgical coal.

Further drilling work will be completed this year to identify coal deposit depth and potential mining economics.

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