Aspire Mining Limited (ASX:AKM)

David Paull
Market Cap (AUD): 45.69M
Sector: Materials
Last Trade (AUD): 0.09 +0 (+0%)
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1. About

Aspire Mining Limited ASX:AKM) is a metallurgical coal and rail company focused on developing world class premium coking coal deposits in Mongolia.

Mongolia is a resource rich country, with a rapidly developing coal mining industry expected to become a key global supplier given Mongolias close position to some of the largest steel making producers worldwide China, Japan, Korea and Russia.

Aspire is a large coal tenement holder in the Orkhon-Selenge Coal Basin in northern Mongolia with a 100% interest in the world class Ovoot Coking Coal Project (Ovoot), a 90% interest in the Nuurstei Coking Coal Project (Nuurstei) and a strategic infrastructure owner via its 80% interest in Northern Railways LLC.

Aspires flagship Ovoot project hosts 255 Mt JORC Coal Reserves and could sustain full scale production of up to 10 Mtpa of saleable coking coal over a long mine life.

2. Business model

3. Strategy

4. Markets

5. Competition

6. History

7. Team

8. Financials

9. Risk