Aspire Mining (ASX:AKM) updated the coal reserve and resource estimates for its Ovoot coking coal project in Mongolia, according to a Thursday filing with the Australian bourse.
The project's coal reserve is estimated to be 130.1 million tonnes, while its resource is roughly 219.4 million tonnes, the miner said in the filing.
The company's shares fell past 6% at market close Friday.
Price (AUD): $0.30, Change: $-0.02, Percent Change: -6.35%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.