Aspire Mining Limited is focused on the development of metallurgical coal assets in Mongolia, principally the wholly owned Ovoot Coking Coal Project (OCCP). The company has recently received fresh laboratory results based on an indicative Ovoot sample confirming previous results indicating that Ovoot is a high quality Fat Coking Coal. A 60 kg sample1 of fresh coking coal indicative of Ovoot's Upper Seam which will be the focus of the Ovoot Early Development Project was tested by SGS in Tianjin China with the key results. Ovoot Coking Coal also fits within the Fat (Zh) and Coking Fat (KZh) coking coal categories within the Russian coal classification system. The characteristics that make a fat coal important to add to blends include the wide plastic range, in that it is able to blend with numerous other types of coals with narrower melting ranges. As well it has very high fluidity which allows for the coal to mix well with the other coals in the batch. Finally the plastic layer (Y Index) effectively bonds particles from other coals, the thicker the plastic layer the better. The characteristics that make a fat coal an integral component of a coke blend include a wide plastic range (>95oC) whereby it remains plastic longer and bonds with other blend components that have already resolidified. Whilst in this plastic range it exhibits a high level of fluidity allowing the plastic fluid to mix through the blend and encapsulate the inert components. The greater the volume of plastic material produced (as indicated by upper end of Y Index: 25 - 35mm), the greater the capacity to "carry" a higher load of inert components. High quality fat coking coals have an important value in use in the Chinese steel industry, particularly at present with import limitations being put on Australian hard coking coals. China is not self sufficient in sourcing hard coking coals and since 2009 has relied on imports to make up the shortfall. Adding quality fat coking coals allows steel mills to add lower quality coking coals into the batch, more than what hard coking coals could carry to make quality coke. Fat coking coals like Ovoot's would be used between 5% to 10% of a coke batch in order to support the carrying ability of the limited supply of prime hard coking coals. Fat coking coals are priced at around the same as hard coking coals in Tianjin China as the following 5 year price chart shows.