Aspire Mining Limited announced that the Ekhgoviin Chuluu Joint Venture (ECJV), tenement holder of the Nuurstei Coking Coal Project (Nuurstei Project), has executed an Offtake Agreement with joint venture partner, Noble Group. The ECJV owns 90% of the Nuurstei Project. The ECJV is 50% owned by Aspire and 50% by Noble Group with Aspire having the right to 30 June 2017 to acquire the Noble Group interest for $1 million and a future royalty.

The Offtake Agreement covers the first 6 months of anticipated production in 2018 from the Nuurstei Project and notes a specification and penalty regime. The point-of-sale will be on the Chinese side of the border at Erlian. Pricing is to be agreed closer to first delivery.

A 400 kg bulk sample of raw coal is currently being transported to toll washing facilities in China to produce washed hard coking coal marketing samples.