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ASX:AKM

Aspire Mining Ltd

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Market:
ASX
Market Cap:
$38.58 m
Price
0.08 AUD
Change
4.11%
52 weeks high
1.40
52 weeks low
0.05

Aspire Mining Limited is an ASX listed (ASX: AKM,  Aspire or the Company) exploration and development company focused on discovering and developing world class premium coking (metallurgical) coal deposits in Mongolia, maximising shareholder returns over the long term, and contributing to the social and economic enrichment of local communities.

OVOOT COKING COAL PROJECT

Aspire’s wholly owned Ovoot Project comprises one mining license and two contiguous exploration licences which span across over 130 square kilometres.

The Ovoot Project area is located in north-western Mongolia and is a new discovery made by the company in 2010 to 2013.

In August 2012 the Company was granted a mining license over the Resource area.

(click here for more information on this project)


NUURSTEI COKING COAL PROJECT

In August 2017 the Company exercised its option, acquiring a further 45% interest in the Nuurstei Coking Coal Project taking its total interest to 90%.

The Nuurstei project is currently being evaluated as a near term mine development, producing a washed hard coking coal. Nuurstei is located approximately 10 km from Khuvsgul provincial capital of Moron which has recently been connected to the nearest rail head at Erdenet by a sealed road. Nuurstei is approximately 160 km east of the Ovoot project.

In October 2017 the Company received a mining license covering the Nuurstei resource area.

Previous drilling has identified modest JORC Coal Resources of 4.7 Mt of Indicated and 8.1 Mt of inferred. A 2018 drilling programme has been designed to look to both upgrade and extend the resource base in order to support a mine development based on supplying a 1 Mtpa wash plant on site.

(click here for more information on this project)


NORTHERN RAILWAYS LLC

Northern Railways LLC (Northern Railways) is a Mongolian registered company, a special purpose investment vehicle established by Aspire Mining, which is responsible for the oversight of all aspects of pre-development, construction, and operation of the Erdenet to Ovoot railway.

(click here for more information on this project)

 

Last updated 13th August 2020

Mr David Paull
Executive Chairman

Mr Paull has over 25 years’ experience in resource business development and industrial minerals marketing.  Over the last eight years David has been the Managing Director of Aspire.  David holds a Bachelor of Commerce from the University of Western Australia and a Master of Business Administration with Distinction from Cornell University New York.  He is a fellow of the Financial Services Institute of Australia.


Mr Achit-Erdene Darambazar
Managing Director

Mr Darambazar is a financial adviser to Mr Tserenpuntsag and President and CEO of Mongolia International Capital Corporation LLC (MICC), a leading Mongolian investment banking firm. He is also a successful Mongolian businessman in his own right.


Mr Boldbaatar Bat-Amgalan
Non-Executive Director

Mr Boldbaatar Bat-Amgalan has had senior roles in public relations and publishing and was previously a director of Erdenet Mining Company. He also previously held senior roles in the Government of Mongolia, including the State Secretary for the Ministry of Foreign Affairs, and Chairman of the Communication Regulatory Commission.


Mr Neil Lithgow
Non-Executive Director

Mr Lithgow has over 25 years’ experience in mineral exploration, mineral economics and mining feasibility studies, covering base metals, coal, iron ore and gold.  Mr Lithgow has previously worked for Aquila Resources Limited and Eagle Mining Corporation NL.

Mr Lithgow is a founder and a Non-Executive Director of Bauxite Resources Limited.  Neil is a member of the Australian Institute of Mining and Metallurgy and the Financial Services Institute of Australia.


Ms Hannah Badenach
Non-Executive Director

Ms Badenach holds a Bachelor of Laws (Hons) and a Bachelor of Arts from the University of Tasmania. She currently acts as Vice President of Asset Development & Operations at Noble Resources Limited, a subsidiary of the Noble Group (SGX: N21).

Ms Badenach has considerable experience in management and development within Mongolia. Her previous roles have included practising law for several years in Asia, including two years in Mongolia with Lynch & Mahoney. Ms Badenach was also previously Managing Director of QGX Mongol LLC from 2006, a coal explorer and developer prior to its takeover in 2008 by Mongolia Holdings Corporation.


Mr Phil Rundell
Company Secretary

Mr Rundell is a former Partner of a big 4 accounting firm and is now a sole practitioner Chartered Accountant specialising in providing company secretarial, compliance, accounting and reconstruction services.


Last updated 13th August 2020

AUSTRALIA (Corporate Office)

190 St Georges Tce
Mezzanine Floor
Perth, WA 6000

PO Box 1918
Subiaco WA 6904

T: +61 8 9287 4555
F: +61 8 9321 4914


Ulaanbaatar Office (Mongolia)

Chingeltei District, 1st Khoroo, Baga Toiruu-17
JJ tower, 9th floor
Ulaanbaatar-15170, Mongolia

T: +976 7011 6828

ASPIRE MINING LIMITED (“AKM”)
ABN
46 122 417 243

Share Capital

Ordinary Shares - 492,275,913
Listed Options - 70,040,879
Performance Rights - 15,275,004


Directors
Mr David Paull - Executive Chairman
Mr Achit-Erdene Darambazar - Executive Director
Mr Boldbaatar Bat-Amgalan - Executive Director
Mr Neil Lithgow - Non-Executive Director
Ms Hannah BadenachNon-Executive Director

Company Secretary
Mr Philip Rundell


Registered Office
Mezzanine Floor, 190 St Georges Tce
PERTH WA 6000

T: +618 9287 4555
E: [email protected]


Principal Place of Business

AUSTRALIA
Mezzanine Floor, 190 St Georges Tce
PERTH WA 6000

MONGOLIA
Chingeltei District, 1st Khoroo
Baga Toiruu-17
JJ Tower, 9th Floor
Ulaanbaatar 15170

Share Register
Automic Group

Perth Office:
Level 2, 267 St Georges Tce
PERTH WA 6000

Sydney Office:
Level 5, 126 Phillip Street
SYDNEY NSW 2000

T: 1300 288 664 (within Australia) or +61 (0)2 9698 5414 (International)
E: [email protected]
W: www.automicgroup.com.au


Solicitors

Corrs Chambers Westgarth
Level 15, Woodside Plaza
240 St Georges Terrace
PERTH WA 6000

Steinepreis Paganin
Level 4, The Read Buildings
16 Milligan Street
PERTH WA 6000


Bankers

National Australia Bank
Level 1, 1238 Hay St
West Perth WA 6005


Auditors

AUSTRALIA
HLB Mann Judd
Level 2, 15 Rheola Street
West Perth WA 6005

MONGOLIA
PriceWaterHouseCoopers Audit LLC
Central Tower, 6th Floor, Suite 601
Sukhbaatar Square, SBD-8,
Ulaanbaatar 14200


Last updated 13th August 2020