Aspire Mining (ASX:AKM) said that an independent technical report prepared on the Ovoot Coking Coal Project in Mongolia has been completed by SRK Consulting, according to a Thursday Australian bourse filing.
The report found that the project has "low" capital expenditure and "high" payback with more than 30 years of mine life, according to a separate filing.
The company's shares jumped 28% on market close.
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