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ASPIRE MINING LIMITED — Board/Management Information 2020
Mar 15, 2020
64354_rns_2020-03-15_88671996-75b5-4697-ba3d-d0ef8866214d.pdf
Board/Management Information
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Level 9, 182 St Georges Tce Perth, WA 6000 P.O Box 1918, Subiaco, WA 6904 P: (08) 9287 4555 F: (08) 9321 4914 W: www.aspiremininglimited.com E: [email protected]
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ASX RELEASE
For Immediate Release – 16 March 2020
SENIOR MANAGEMENT TRANSITIONS COMPLETED AS PREVIOUSLY ANNOUNCED
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Chairman Mr David Paull has now moved from Executive to a Non-Executive Chairman role and will oversee the Company’s Perth based corporate office.
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Chief Operating Officer Mr Sam Bowles has commenced his role in a full time capacity based in Ulaanbaatar Mongolia.
Aspire Mining Limited (ASX: AKM) (“Aspire” or “the Company” ) confirms that the following executive and management changes foreshadowed in announcements made to the ASX on 25 October 2019 and 5 December 2019 have now occurred.
The Company’s Chairman Mr David Paull has now transitioned from Executive to NonExecutive Chairman as previously advised following the successful conclusion of the $33.5 million placement to Mr Tserenpuntsag on 3 December 2019.
Mr Sam Bowles has taken up his full-time Mongolian based role as Chief Operating Officer.
This announcement is authorised for release by David Paull, Chairman.
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ABN: 46 122 417 243
About Aspire Mining Limited
Leading pure-play metallurgical coal project developer, Aspire Mining Limited (ASX: AKM), is the 100% owner of the world-class Ovoot Coking Coal Project in Mongolia.
Aspire is targeting early production of washed coking coal from a first-stage development of the Ovoot Project, known as the Ovoot Early Development Plan (OEDP). The OEDP is focused on a truck and rail operation to deliver up to 4Mtpa to end markets. Further operational expansion can occur following the construction of the Erdenet-to-Ovoot Railway, which is being progressed by Aspire’s subsidiary, Northern Railways LLC.
Aspire also has a 90% interest in Nuurstei Coking Coal Project located in northern Mongolia.
ABN: 46 122 417 243