Aspire is focused on developing premium coking coal deposits in Mongolia in an environmentally sensitive manner, to maximise shareholder returns and stakeholder value
over the long term.
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Aspire presents a compelling investment opportunity with its 100%-owned Ovoot Coking Coal Project, strategically located to serve key markets. Rapidly advancing toward construction, Ovoot is set to unlock near-term catalysts to drive shareholder value.
1. Ovoot: A Rare Coking Coal Opportunity
- Premium ‘Fat’ Coking Coal: Ovoot is a world-class, 100%-owned asset producing a top-tier ‘fat’ coking coal, in high demand for its scale and quality.
- Strong Market Demand: Global demand for premium coking coal is surging amidst supply constraints, creating a prime window of opportunity for Aspire.
- Strategic Location: Positioned on China’s doorstep, Ovoot offers efficient road and rail connections to meet China’s northern market demand and access seaborne markets.
2. Growth-Focused, Rapidly Advancing Towards Production
- De-Risked Project: All major regulatory approvals are secured, setting Ovoot on a fast track to construction.
- Near-Term Catalysts: Key targeted milestones include updated project economics, finalising mine financing, and the start of construction—all poised to drive shareholder value.
- Sustainability-Driven: Aspire is committed to responsible mining, aligned with Mongolia’s Vision 2050 Policy, and dedicated to community development.
- Solid Shareholder Support: Backed by high-profile Mongolian investors and a global commodities trading group.
Mongolia as a Mining Investment Jurisdiction
Mongolia is a nation richly endowed with mineral resources—most notably coal, copper, and gold—offering exceptional opportunities for modern, responsible mining projects. With a strong geological foundation and proximity to China, the world’s largest consumer of raw materials, Mongolia holds a unique strategic position in global commodity supply chains.
In recent years, Mongolia has undertaken meaningful regulatory reforms to improve transparency, reduce bureaucracy, and attract long-term foreign direct investment (FDI). These efforts have helped strengthen investor confidence and reinforce Mongolia’s reputation as a competitive and dependable mining jurisdiction.Encouraging foreign investment remains a core pillar of Mongolia’s Vision 2050 Long-Term Development Policy. This commitment continues through the Government Action Plan for 2024-2028 (in Mongolian), which sets a clear agenda to:
- Improve transport logistics and national infrastructure to facilitate mineral exports,
- Streamline permitting processes and remove administrative bottlenecks for investors, and
- Support private-sector development in alignment with ESG and community expectations.
Recent government development plans have specifically prioritised:
- Export growth, with particular emphasis on expanding coal and mineral shipments through enhanced port and transport infrastructure, and
- Investment attraction, including measures to reduce red tape and provide stronger support to international investors.
Key Benefits of Mining in Mongolia
- Mineral Prospectivity – Situated along the Central Asian Orogenic Belt, Mongolia hosts globally significant deposits—ranking among the largest and most prospective mining regions in the world.
- Strong ESG Alignment – Mongolia offers the opportunity to design and build modern mines that meet global ESG standards—creating value for investors, communities, and the environment.
- Strategic Location – Located on China’s doorstep, Mongolia is the largest exporter of coking coal to China by both volume and value, with direct overland access to key steel and industrial markets in Northeast Asia.
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