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Welcome to Saker Resources
Saker Resources is an emerging coking coal producer based in Mongolia. We own 100% of two open cut coal development projects in southwestern Mongolia. Our projects contain approximately 95 million tonnes of JORC reserves and 318 million tonnes of JORC resources.
Saker Resources’ Shinejinst project contains approximately 95 million tonnes of JORC reserves and 225 million tonnes of JORC resources (inclusive of reserves). At full production, Shinejinst is expected to produce approximately 5 million tonnes per annum of high quality, semi-soft coking coal product.
Saker Resources’ Zeegt project contains 93 million tonnes of JORC resources delineated along 3 kilometers with significant potential resource upside. At full production, Zeegt will produce 3 million tonnes per annum of high quality, semi-soft coking coal product.
With the recent downturn in coal prices in Saker Resources’ target market of northern China, our Shinejinst and Zeegt projects are currently on care and maintenance programs. Saker Resources is in a strong, net cash (no net debt) financial position, and is investigating consolidation opportunities to create value for its shareholders.