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Aspire Mining Ltd (ASX:AKM)

Aspire Mining Ltd (ASX:AKM)


Share Price
$ 0.02
Change
0 (0.00 %)
Market Cap
$52.16 m
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Aspire Mining Ltd

Aspire Mining Ltd (ASX:AKM) is an exploration and development company focused on discovering and developing world class premium coal deposits in Mongolia. Its Northern Railways subsidiary is developing the Erdenet to Ovoot rail project.

EPIC: AKM
Market: ASX:AKM
52-week High/Low: A$0.03 / A$0.01
Sector: General Mining - Coal
Market Cap: A$52.16M
Website: www.aspiremininglimited.com

Aspire Mining Ltd

www.aspiremininglimited.com

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Big picture - Why invest in Aspire Mining Ltd


Aspire Mining Ltd Snapshot

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 10th July 2018

Mr David Paull
Managing Director and Chair

Mr Paull has over 20 years experience in resource business development and industrial minerals marketing. Mr Paull was previously Executive General Manager Business Development and Marketing where he oversaw the sale of over half the world’s annual tantalum concentrate requirements and two thirds of the world’s lithium minerals supply. Over the last six years David has been working on private equity and seed capital opportunities in the biofuels, transport services and resource sectors. 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 Paull currently serves as Director of  Red Island Resources Limited, a public unlisted company.


Mr Neil Lithgow
Non-Executive Director

Mr Lithgow has over 20 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 an a Non-Executive Director of Bauxite Resources Limited and Red Island Resources Limited, a public unlisted company. Neil is a member of the Australian Institute of Mining and Metallurgy and the Financial Services Institute of Australia.


Mr Gan-Ochir Zunduisuren
Non-Executive Director

Mr Zunduisuren has over 15 years of experience in the resource sector including underground zinc mining, gold mining and mining business development in Mongolia and Canada.  Mr Zunduisuren is a Managing Executive Director and co-founder of Altai Gold LLC, a mineral resource focused investment company and was a key member of the syndicate that made the Ovoot Coking Coal project discovery.

Mr Zunduisuren has a degree in Mining Engineering from the Mongolian University of Science and Technology and an MSc in Global Finance from NYU Stern School of Business and HKUST.


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 Alex Passmore
Non-Executive Director

Mr Passmore is an experienced and well regarded corporate executive with a strong financial and technical background in the resource sector. Alex has a diverse background having held technical roles in the industry and then senior positions in both the institutional debt financing and equity capital market arenas. More recently he has assumed executive positions with listed resource companies.


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 10th July 2018

AUSTRALIA (Corporate Office)
Level 9, 182 St Georges Tce
Perth, WA 6000

PO Box 1918
Subiaco WA 6904

T: +61 8 9287 4555
F: +61 8 9388 1980

Ulaanbaatar Office (Mongolia)
Sukhbaatar District, 1st Khoroo, Chinggis Ave-8
Altai Tower, 3rd Floor, Room 302
T: +976 7011 6828



Last updated 10th July 2018

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

Share Capital
Ordinary Shares - 2,525,924,526
Listed Options - 688,835,052
Options - 187,093,450
Performance Rights - 48,500,000

Directors
Mr David Paull - Managing Director and Chair
Mr Neil Lithgow - Non-Executive Director
Mr Gan-Ochir Zunduisuren - Non-Executive Director
Ms Hannah Badenach - Non-Executive Director
Mr Alex Passmore - Non-Executive Director

Company Secretary
Mr Philip Rundell

Registered Office
Level 9, 182 St Georges Tce
PERTH WA 6000

T: +618 9287 4555
F: +618 9321 4914
E: [email protected]

Principal Place of Business
Level 9, 182 St Georges Tce
PERTH WA 6000
AUSTRALIA

MONGOLIA
Sukhbaatar District, 1st Khoroo
Chinggis Avenue-8
Altai Tower, 3rd Floor, Room 302
Ulaanbaatar 14253

Share Register
Security Transfer Registrars Pty Ltd
770 Canning Highway
APPLECROSS WA 6153

T: +618 9315 2333
F: +618 9315 2233
E: [email protected]
W: www.securitytransfer.com.au

To access key security holder forms from the Share Registry, please click here.

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

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

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