AKM 2.63% 37.0¢ aspire mining limited

Ann: Proposed Early Development of Ovoot with Financing Package, page-45

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    “This is a very important step in realising the large inherent value of the world class Ovoot Coking Coal Project. We are delighted to have secured the substantial support of Mr. Tserenpuntsag who has recognised the deep value that the Company represents. Aspire has always recognised the need to have strong Mongolian support and ownership as it progresses the development of the Ovoot Coking Coal Project and the Northern Railway. In this way there is a strong alignment between Mongolian and international investors.”
 
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