24 May 2012 10:05
Nova Resources Limited
("Nova" or "the Company")
Commencement of Trucking Operations
Nova is pleased to announce that Nova Trans LLC shall commence trucking operations on 5 June 2012.
Nova Trans LLC has initially purchased 16 vehicles, each comprising a truck and two trailers and will commence its trucking operations with these vehicles pursuant to the coal transportation services contract with Transgobi LLC. It expects that the fleet of vehicles will be increased over time. Nova will make announcements in relation to this as and when appropriate.
Nova is also pleased to announce that the construction of the temporary workers camp has been completed.
About Nova Resources
Nova is a natural resources investment company that focuses on acquiring and developing businesses providing services and facilities to the natural resources industries, in particular exploration, mining and the extraction of resources. Through its 100% owned Mongolian subsidiary Nova Trans LLC, Nova is currently focused on the establishment of large volume road haulage coal transportation operations in Mongolia.
Enquiries:
Nova Resources Limited
Fook-Meng Chan, Chief Executive Officer
Tel: + 65 6236 2985
Daniel Stewart & Company Plc
(Nominated Adviser & Broker)
David Hart/James Felix
Tel: + 44 (0) 20 7776 6550
Further Information:
Nova Trans LLC (formerly known as ZHCH Mining LLC) is 100% owned by Nova Logistics Holdings Limited (formerly known as Salins Limited). Nova Logistics Holdings Limited is 100% owned by Nova Mongolia Pte Ltd ("Nova Mongolia"). Nova Mongolia is 100% owned by Nova.
Transgobi LLC is 100% owned by Energy Resources LLC ("ER"). ER is a coking coal producer and exporter in Mongolia; which owns and operates the Ukhaa Khudag high-quality coking coal deposit located within the Tavan Tolgoi coal formation in the South Gobi province of Mongolia. ER is considered as one of the largest coking coal producers in Mongolia. More information on ER and Transgobi may be found at http://www.energyresources.mn/ and http://www.energyresources.mn/about/show/id/8.