Welcome to Saker Resources
Saker Resources is a metallurgical coal company headquartered in Singapore with coking coal mines located in Mongolia. Saker Resources owns 100% of two open cut semisoft coking coal mines in southwestern Mongolia near the border with China. Our Shinejinst and Zeegt mines contain 269 million tons of JORC 2012 semisoft coking coal Resources with Proved and Probable Reserves of 88.3 million tons and substantial upside potential.
Our Shinejinst mine contains approximately 168 million tons of JORC Resources and 88.3 million tons of JORC Reserves. At full production, Shinejinst is expected to produce approximately 7.5 million tons per annum of high quality, semisoft coking coal for export to China with an initial mine life of 19 years.
Shinejinst has an NPV from an updated JORC 2012 Feasibility Study conducted by RPM Global with an NPV of US$ 863 million at a 10% discount rate and an IRR of 29% with a payback period of 7 years.
Our Zeegt project contains 101 million tons of JORC 2012 Resources delineated along 3 kilometres with significant potential resource upside. At full production, Zeegt is expected to produce 3 million tons per annum of high quality, semi-soft coking coal for export to China.
Saker Resources was founded in 2004 and is privately owned with more than US$ 190 million of equity investment and no debt as of today.