Otherwise focused on Australian uranium exploration, Newera expanded its portfolio into the Asian country earlier this year with the acquisition of a 2200-hectare coal tenement 50km from the established Maanti coal mine and a Trans-Siberian rail connection.
Although limited modern exploration has been undertaken at Shanagan, Newera hopes the location will serve as a starting point to proliferate activities in the country’s expanding resource sector.
Late Permian coal seams at the site have been interpreted by the explorer as having combined thickness of more than 20m, accessible by open pit.
An immediate exploration program including a JORC-compliant five-hole drill campaign is planned for the licence, with Newera reporting it already has secured a drill rig.
A maiden JORC resource is expected to be provided during the next quarter.
Quality testing will be undertaken by Nordic Geological Solutions laboratory in 140km northwest in Ulaanbaatar.
