ASX / VKA

0.014

Khonkhor Zag Coal Project

Khonkhor Zag Coal Project (Viking 100%)

Khonkor Zag is an anthracitic coal project located 1,400km southwest of Ulaanbaatar in Western Mongolia. It is strategically located within 40km of China’s Burgastai border port with an existing haul road adjoining the tenement.

Government approvals have already been received for the Khonkhor Zag Environmental Impact Assessment, and the Feasibility Study Report, which provides a clear pathway for any future mining, and coal production at Khonkhor Zag. Excellent scope exists to develop Khonkhor Zag as a low cost, high margin premium coal project close to Chinese markets. The current mining licence was granted in April, 2013, for a period of 30 years.

The Company is in the process of evaluating its options for this project.