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.