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Aspire Mining has upcoming news on proposed capital raising and strategic repositioning

The company has been granted a trading halt until Monday, September 9, or when an announcement is released to the market.

Aspire Mining Ltd - Aspire Mining has upcoming news on proposed capital raising and strategic repositioning
Aspire has coking coal assets in northern Mongolia

Aspire Mining Ltd (ASX:AKM) is in a trading halt pending an announcement regarding a proposed material capital raising and strategic repositioning.

The halt will remain until the start of normal trading on Monday, September 9, 2019, or when the announcement is released to the market, whichever occurs earliest.

Aspire has advised the ASX that an announcement is expected to be made on either Friday, September 6, or before the opening of trading on Monday, September 9.

The company’s securities last traded at 1.5 cents.

Early production plan

Aspire is a metallurgical coal and infrastructure company with assets in Mongolia.

It owns a 100% interest in the world-class Ovoot Coking Coal Project and a 90% interest in the Nuurstei Coking Coal Project, both in the country’s north near the border with Russia.

The company has primarily been focusing on examining a path to early production from Ovoot and is undertaking a definitive feasibility study for the early development.

Quick facts: Aspire Mining Ltd

Price: 0.012 AUD

ASX:AKM
Market: ASX
Market Cap: $39.92 m
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Aspire Mining PFS shows 'fantastic financial outcome' with further optionality

Aspire Mining Ltd (ASX:AKM) managing director David Paull talks Proactive Investors through the outcomes of a Pre Feasibility Study on the Ovoot Early Development Project. The company is seeking the near-term production of coking coal from the Mongolian asset, to feed Chinese...

on 1/3/19

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