Aspire Mining Limited (ASX:AKM) Annual Report 2012 to Shareholders - Yahoo!7 Finance Australia: "Your Company successfully completed a significant milestone in its progress towards development of the Ovoot Coking Coal Project ("Ovoot Project") in northern Mongolia by the completion of the Ovoot Pre-Feasibility Study ("PFS"). One of the outstanding features of the PFS was the high level of Coal Reserves within the 4km long, 1.5km wide, 300m deep Ovoot Project open pit at 178Mt. The Ovoot Project is now capable of supporting a 15 year mine life supplying up to 12Mt per annum of high quality coking coal to the growing markets in Asia. The scale of the Ovoot Project is such that it is now regarded as the second largest coking coal project in Mongolia and at full production it would make Aspire one of the largest coking coal producers in the world."
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