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Aspire Mining chairman retires after eight years of service

Published: 00:53 20 Mar 2018 GMT

board room seats empty
The outgoing chairman is getting more involved with his family engineering business

Aspire Mining Ltd (ASX:AKM) non-executive chairman David McSweeney has retired from the board of directors.

McSweeney was appointed to the board in February 2010 with the acquisition of the Ovoot Coking Coal Project in Mongolia.

He has overseen the achievement of many milestones in his tenure.

David Paull to assume chairman role while replacement is identified

Aspire’s managing director David Paull said: “All at Aspire thank David for his invaluable counsel and contribution over his 8 years with us.

“Having recently completed the $16.5 million capital raising in December 2017, David has left the company is in an excellent position to pursue its objectives going forward.”

Paull will assume the executive chairman role on a temporary basis until a suitably qualified and experienced candidate is identified.

READ: Aspire Mining commences resource conversion drilling ahead of feasibility study

Aspire recently commenced a drilling program at its near-term production asset, the Nuuersti Coking Coal Project in Mongolia.

The drilling program aims to upgrade the JORC resource.

This will assist with the financing of an exploration program and feasibility study as it aims to bring Nuuersti into production by 2019.

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