Competent Person Statements
The following statements are reproduced from the ASX announcements where the current JORC compliant Coal Resource and Coal Reserve estimates were posted.
Ovoot Coking Coal Project – Coal Resource
The Coal Resource estimation for the Ovoot Project presented in this announcement has been carried out and reported under the principles and guidelines of the Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves (The JORC Code 2012).
The information within this announcement that relates to Exploration Results and Coal Resources is based upon information compiled by Mr Ganzorig Tuvshinbayar, a Competent Person who is a Member of The Australasian Institute of Mining and Metallurgy (Member № 324823). Mr Tuvshinbayar is a full-time employee of SRK Consulting MGL LLC.
Mr Tuvshinbayar graduated with a Bachelor’s degree (BSc) in Management of Geology and Mining from the National University of Mongolia in 2008 and has been directly involved in geological research and mineral and coal exploration and mining for more than 15 years. He has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of The JORC Code. Mr Tuvshinbayar consents to the inclusion in this media of the matters based on his information in the form and context in which it appears.
Ovoot Coking Coal Project – Coal Reserve
The Coal Reserve estimation for the Ovoot Project presented in this announcement has been carried out and reported under the principles and guidelines of the Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves (The JORC Code 2012).
The information within this announcement that relates to Coal Reserves is based upon information compiled by Mr Petr Osvald, a Competent Person who is a Member of The Australasian Institute of Mining and Metallurgy (Member № 990524). Mr Osvald is a full-time employee of SRK Consulting MGL LLC.
Mr Osvald graduated at Mining University VSB Ostrava in 1989 and has been directly involved in geological research and mineral and coal exploration and mining for 35 years. He has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of The JORC Code. Mr Osvald consents to the inclusion in this media of the matters based on his information in the form and context in which it appears.
Nuurstei Coking Coal Project – Coal Resource
JORC (2012) Coal Resource Estimate (prepared by Mr. Parbury from McElroy Bryan Geological Services, as announced to the ASX on 13 April 2016).
The Competent Person, Mr Parbury, is a full time employee of McElroy Bryan Geological Services, is a Member of the Australasian Institute of Mining and Metallurgy (101430) and who has no conflict of interest with Aspire Mining Limited.
The reporting of Coal Resources for 13580X has been carried out in accordance with the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’, The JORC Code 2012 Edition prepared by the Joint Ore Reserves Committee of the Australasian Institute of Mining and Metallurgy, Australian Institute of Geoscientists and Minerals Council of Australia (JORC). Mr Parbury has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 JORC Code. Mr Parbury consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
Content of this website
The content of this website has been prepared by Aspire Mining Limited (Aspire or the Company). The information is based on publicly available information, internally developed data and other sources. In viewing this website, you acknowledge and represent to the Company that you have read, understood and accepted the terms of this disclaimer.
Not an Offer
The website content is for information purposes only and do not purport to be all inclusive or to contain all information about the Company or any of the assets, current or future, of the Company.
It does not comprise a prospectus, product disclosure statement or other offering document under Australian law (and will not be lodged with ASIC) or any other law.
The website content also does not constitute or form part of any invitation, offer for sale or subscription or any solicitation for any offer to buy or subscribe for any securities in any jurisdiction nor shall they or any part of them form the basis of or be relied upon in connection therewith or act as any inducement to enter into any contract or commitment with respect to securities.
Any decision to purchase new shares must be made on the basis of each investor’s own investigations and inquiries into the Company on the basis of the information to be contained in the prospectus to be prepared and issued to eligible investors and a review of the Company’s other periodic and continuous disclosure announcements lodged with the ASX, which are available at www.asx.com.au.
The website content does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States. Its contents must not be distributed, transmitted or viewed by any person in the United States or any jurisdiction where the distribution, transmission or viewing of this document would be unlawful under the securities or other laws of that or any other jurisdiction.
Not Investment Advice
The website content is not investment or financial product advice (nor tax, accounting or legal advice) and its contents are not intended to be used for the basis of making an investment decision.
You should carefully consider whether the company is an appropriate investment in light of your personal circumstances, including your financial and taxation position.
The website content does not take into account the individual investment objectives, financial situation and particular needs of each investor or shareholder. You may wish to seek independent financial and taxation advice before making any decision in respect of this brochure. Neither Aspire nor any of its related bodies corporate is licensed to provide financial product advice in respect of Aspire’s securities or any other financial products.
Forward Looking Statements
The website content contains forward-looking information which is based on the assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management of the Company believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect.
Assumptions have been made by the Company regarding, among other things: the price of coking coal, the timely receipt of required governmental approvals, the accuracy of capital and operating cost estimates, the completion of a feasibility study for the Nuurstei Project on its exploration and development activities, the ability of the Company to operate in a safe, efficient and effective manner and the ability of the Company to obtain financing as and when required and on reasonable terms.
Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used by the Company.
Although management believes that the assumptions made by the Company and the expectations represented by such information are reasonable, there can be no assurance that the forward-looking information will prove to be accurate. Forward-looking information involves known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any anticipated future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, the actual market price of coking coal, the actual results of current exploration, the actual results of future exploration, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company’s publicly filed documents. Readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward looking information, except in accordance with applicable securities laws.
General Disclaimer
No representation or warranty, express or implied, is made by the Company that the material contained on this website will be achieved or prove to be correct. Except for statutory liability which cannot be excluded, each of the Company, its directors, officers, employees, advisers and agents expressly disclaims any responsibility for the accuracy, fairness, sufficiency or completeness of the material contained on this website, or any opinions or beliefs and excludes all liability whatsoever (including in negligence) for any loss or damage which may be suffered by any person as a consequence of any information or any error or omission there from. To the maximum extent permitted by the law, the Company disclaims any obligation to update or keep current the information contained on this website or to correct any inaccuracy or omission which may become apparent, or to furnish any person with any further information. Any opinions expressed are subject to change without notice.
Third Party Links Disclaimer
This website may contain links to third-party websites. These links are provided for convenience only and do not imply endorsement or approval of the content on those sites. Aspire is not responsible for the content or accuracy of any third-party websites and does not accept any liability for any loss or damage arising from the use of such sites.
ASX Listing Disclaimer
The information provided on this website is intended to comply with ASX Listing Rules and regulations. While we strive to keep the information accurate and up-to-date, Aspire accepts no responsibility for any errors or omissions. For official ASX announcements, please refer to the ASX website or Aspire’s investor relations team.
Privacy Policy
Aspire Mining Limited (“we,” “us,” “our”) is committed to protecting and respecting your privacy. This Privacy Policy outlines how we collect, use, disclose, and safeguard your information when you visit our website. Please read this policy carefully to understand our views and practices regarding your personal data and how we will treat it.
Information We Collect
We may collect and process the following data about you:
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How We Use Your Information
We use the information we collect in the following ways:
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Sharing Your Information
We do not sell, trade, or otherwise transfer your personal information to outside parties except as provided in this policy. We may share your information with:
Service providers: Who assist us in operating our website, conducting our business, or servicing you, so long as those parties agree to keep this information confidential.
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Data Security
We have implemented appropriate technical and organisational measures to secure your personal data and protect it from unauthorized access, use, or disclosure.
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If you have any questions or concerns about this Privacy Policy or our data practices, please contact us.
This Privacy Policy aims to comply with applicable data protection laws, including the General Data Protection Regulation (GDPR) where applicable. We may update this Privacy Policy from time to time.