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Aspire Limited 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 country endowed with an abundance of mineral resources, primarily comprised of coal, copper and gold. These offer a wealth of opportunity for mining projects that are contemporary, sustainable and can provide benefits to all stakeholders. It is on the doorstep of the People’s Republic of China, the world’s largest consumer of raw materials.
Over the past decade, in an effort to increase foreign direct investment, Mongolia has focused on regulatory reforms that make Mongolia an attractive and reliable destination for global mining investment and this has resulted in increased investor confidence.
Attraction of foreign direct investment is an important element within the Vision 2050 Long-Term Development Policy of Mongolia, which has carried through into the Action Plan of the Government of Mongolia for 2020-2024 and again into the updated Action Plan of the Government of Mongolia for 2024-2028 (in Mongolian). Additional to continuing efforts to attract foreign investment into Mongolia, this latest Action Plan also has clear focus to improve transport logistics and port infrastructure to boost mineral commodity exports.
Further to this, within the 2024 Development Plan of Mongolia (in Mongolian), the first two of eight key areas of focus include ‘Increase Exports’ with specific mention of coal and implementation of transportation and port infrastructure improvements, and ‘Increase Investment’ with details including to support investors, reduce bureaucracy and simplify and streamline the processes for obtaining state permits necessary for investment and business activities.

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