Mining

Aspire Mining Limited (ASX:AKM)

Industry Group : Materials | Industry Group Name : Metals & Mining

Market Price : AUD 0.092-0.005 (5.155%)

(as on 2021-10-24 00:30:09)

Market Cap : AUD 46.703 M

Previous Close Open Close* Day Range 52 WEEK HIGH LOW
0.097 0.095 0.092 0.092L 0.096 H 0.069L 0.155 H
Last Trade 0.092
Change% -5.1546
52 W H/L 0.155/0.069
EBITDA -6.841 M
NPAT After Abnormal Items -5.168 M
Equity 69.978 M
ROE% -7.35%
Total Liabilities 272,191
Total Revenue 17,147
Cash and Cash Equivalents 34.174 M

Stock Information

Share price 0.092
Market Cap 46.703 M
Price/Gross Cash Flow -10.63
Dividend Yield Excluding Special 0.00%
Ending Shares 507.637 M
52-Week Range 0.069-0.155
P/E ratio 0.000
Sector P/E --
EPS -1.02
EV/EBITDA --
Net Profit Margin (%) --
Gross Cash Flows Per Share -0.01
Net Gearing -48.76%
Gross DPS (AUD) 0
Gross Dividend Yield (Annualized) 0.00%
Earnings Yield 0.000
Net Tangible Asset (NTA) 0.14
Sales Per Share 0.00
Book Value Per Share 0.14

Announcements

Heading Date/Time
Date of AGM and Closing Date for Director Nominations  07/10/2021 8:07PM
Full Year Statutory Accounts  29/09/2021 8:23AM
Aspire Appoints Argonaut PCF as Financial Advisor  23/09/2021 1:40PM
Erdenet Rail Terminal FEED Study Update  20/09/2021 8:18AM
CHHP Feed Study Update  15/09/2021 10:33AM
Quarterly Activities/Appendix 5B Cash Flow Report  30/07/2021 12:29PM
Change of Director's Interest Notice x 3  06/07/2021 7:02PM
Notification of cessation of securities - AKM  06/07/2021 5:23PM
Additional Information to Coal Quality Announcement  04/06/2021 6:53PM
Award of Contract for CHPP Study  31/05/2021 10:09AM
Ovoot Fat Coking Coal Quality Confirmed  27/05/2021 8:20AM
Quarterly Cashflow Report  30/04/2021 1:43PM
Quarterly Activities Report  30/04/2021 1:39PM
Half Yearly Report and Accounts  11/03/2021 7:22PM
Quarterly Cashflow Report  29/01/2021 10:06AM
Quarterly Activities Report  29/01/2021 9:48AM
Mongolia COVID-19 Update  27/11/2020 8:15AM
Results of Meeting  26/11/2020 6:55PM
Quarterly Cashflow Report  28/10/2020 7:10PM
Quarterly Activities Report  28/10/2020 7:05PM
Notice of Annual General Meeting/Proxy Form  20/10/2020 5:54PM
Appendix 4G & Corporate Governance Statement  19/10/2020 3:58PM
Annual Report to shareholders  19/10/2020 3:46PM
Full Year Statutory Accounts  29/09/2020 5:07PM
Change of Director's Interest Notice  21/08/2020 8:13AM
Details of Company Address  03/08/2020 1:07PM
Quarterly Cashflow Report  29/07/2020 6:40PM
Quarterly Activities Report  29/07/2020 6:33PM
Change of Director's Interest Notice x 3  03/07/2020 6:38PM

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About Company

Aspire Mining Limited is a metallurgical coal and rail company geared towards developing world-class premium coking coal deposits in Mongolia. The focus of the Company is to deliver long-term returns to shareholders while working towards the social and economic advancement of local communities. 

In line with its intention to mine, the Company is committed to permitting, engineering, and financing the Ovoot Coking Coal Project. The plan involves trucking the coal mined to the Erdenet terminal facility owned by Aspire and delivering to customers in China and Russia through the existing Mongolian rail network. 

The Company has 100% interest in the superior Ovoot Coking coal project, targeted for washed coking coal’s early production from a first-stage development through the Ovoot Early Development Plan (OEDP). The truck and rail operation of OEDP is planned to annually deliver up to 4MT of coal, with operational expansion to occur following Erdenet-to-Ovoot Railway construction. 

The Company also has 90% interest in the Nuurstei Coking Coal Project, both stationed in north-western Mongolia’s Khuvsgul aimag province. Aspire anticipates conducting a detailed exploration of Nuurstei’s mineral and commercial potential once Ovoot’s OEDP has advanced.

Significantly, Mongolia being a resource-rich county, is witnessing the rapid development of the coal mining industry to become a key global supplier. Furthermore, Mongolia’s location in close proximity to some of the globally leading steel manufacturers such as China, Japan, Russia, and Korea. 

In addition to its extensive tenement holdings, Aspire is also a strategic infrastructure owner with an 80% interest in Northern Railways LLC. Notably, Northern Railways is a Mongolian infrastructure company backed by a consortium including China Gezhouba Group. The consortium also consists of subsidiaries of Fortune 500-listed China Railway Construction Corporation Limited as well as China Railways Corporation. 

Corporate Information

company address Mezzanine Level, 190 St Georges Terrace, PERTH, WA, AUSTRALIA, 6000

company phone+61 8 9287 4555

company emailwww.aspiremininglimited.com

company websitehttp://www.aspiremininglimited.com/

Dividends

Ex-Dividend Date Franking DPS (AUD) Dividend Yield
30/06/2021 -- 0.000 0.00%
30/06/2020 -- 0.000 0.00%
30/06/2019 -- 0.000 0.00%
30/06/2018 -- 0.000 0.00%
30/06/2017 -- 0.000 0.00%
30/06/2016 -- 0.000 0.00%
30/06/2015 -- 0.000 0.00%
30/06/2014 -- 0.000 0.00%
30/06/2013 -- 0.000 0.00%
30/06/2012 -- 0.000 0.00%

Event Calendar

Event Type Event Date Event Year
Report (Quarterly) 2022-07-29 2022
Report (Quarterly) 2022-04-29 2022
Report (Quarterly) 2022-01-28 2022
Report (Quarterly) 2021-10-27 2021

Financials

Breakdown 30/06/2021 30/06/2020 30/06/2019 30/06/2018 30/06/2017
Trading Revenue -- -- -- -- --
Other Revenue 17,147 0 225,738 0 181,286
Total Revenue 17,147 0 225,738 0 181,286
Interest Income 158,707 425,330 325,741 216,309 4,133
Interest Expenses -9,285 -13,759 -164,841 -585,403 -1.077 M
Expenses -5.097 M -5.59 M -6.407 M -6.564 M -3.942 M
EBITDA -5.08 M -5.59 M -6.181 M -6.564 M -3.761 M
Depreciation and Amortization -234,814 -297,782 -160,590 -32,015 -44,936
Depreciation -162,787 -196,469 -160,590 -32,015 -44,936
Amortisation -72,027 -101,313 0 0 0
EBIT -5.314 M -5.888 M -6.342 M -6.596 M -3.806 M
Pre Tax Profit -5.165 M -5.477 M -6.181 M -6.965 M -4.878 M
Tax Expense -11,419 -11,508 -19,609 -15,084 -5,226
Net Profit After Tax -5.176 M -5.488 M -6.2 M -6.98 M -4.884 M
Minority Interest 8,587 47,485 158,049 336,741 0
Preference Dividend 0 0 0 0 0
Net Abnormal Items 0 0 0 0 0
Reported Net Profit After Abnormal Items -5.168 M -5.441 M -6.042 M -6.644 M -4.884 M
Ending Shares 507.637 M 507.637 M 332.654 M 252.922 M 111.903 M
Weighted Average Shares 507.637 M 433.448 M 300.632 M 187.307 M 111.238 M
EPS After Abnormal Items (cents) -1.02 -1.26 -2.01 -3.55 -4.39
Breakdown 30/06/2021 30/06/2020 30/06/2019 30/06/2018 30/06/2017
Total Current Assets 34.707 M 41.515 M 11.64 M 8.875 M 592,774
Total Non Current Assets 35.542 M 36.946 M 38.052 M 35.879 M 36.065 M
Total Assets 70.25 M 78.461 M 49.692 M 44.754 M 36.657 M
Total Current Liabilities 229,224 173,704 321,700 760,525 10.798 M
Total Non Current Liabilities 42,967 58,904 73,411 3.247 M 0
Total Liabilities 272,191 232,608 395,111 4.007 M 10.798 M
Net Assets 69.978 M 78.228 M 49.297 M 40.747 M 25.859 M
Breakdown 30/06/2021 30/06/2020 30/06/2019 30/06/2018 30/06/2017
Net Operating Cash -1.664 M -3.676 M -6.082 M -3.73 M -1.451 M
Net Invested Cash -1.19 M -1.608 M -2.265 M -1.284 M -1.737 M
Net Financing Cash Flows -17,003 35.114 M 11.982 M 12.094 M 3.187 M
Beginning Cash 40.713 M 11.136 M 7.488 M 412,089 418,529
End Cash Position 34.174 M 40.713 M 11.136 M 7.488 M 412,089
Exchange Rate Adjustments -3.669 M -253,117 12,814 -3,063 -5,715
Other Cash Adjustments 0 0 0 0 0
Ending Cash 34.174 M 40.713 M 11.136 M 7.488 M 412,089

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