Aspire Mining’s FY20 Annual Report Highlight Significant Developments

ASX-listed Aspire Mining Limited (ASX: AKM) unveiled its annual report for the year ended 30 June 2020

During the period, the company completed $33.5 million placement to major shareholder Mr Tserenpuntsag. It not only provided a strengthened and substantive balance sheet, but also places the Company as a more Mongolian aligned company.

The Ovoot Coking Coal Project holds diversified potential with Aspire focussed to use current technologies to ensure efficiency and mitigate environmental impacts. It would also offer high quality, well-paying jobs, thereby offering community benefits.

Khuvsgul airmag government studied the Mogoin Gol to Erdenet road alignment, including it in its February 2020 Road Development Plan to 2030

In February 2020, subsidiary of Aspire Mining, Northern Railways LLC received an extension from the Mongolian Government’s National Development Authority to the period. It would allow NR to meet the conditions precedent within the Concession Agreement through to September 2021.

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