On Wednesday 16 April 2025, Dannika Warburton hosted a live webinar with Aspire Mining Ltd (Aspire) CEO, Sam Bowles. During the webinar, Sam provided an update on the compnay's 100% owned Ovoot Coking Coal Project (Ovoot) and answered investor questions.
Ovoot is a world-class coking coal project in terms of scale, product quality and project economics. With all major approvals in place, Aspire is now on a pathway to production with the view to mine ‘fat’ coking coal (classified within the highest category of coking coals) via open pit methods, beneficiate it onsite, transport it by truck to a Company owned coal unloading and loading facility near Erdenet, and deliver it onward to end markets with sustained supply constraints, utilising the existing trans-Mongolian rail network.
Aspire’s transformational projects make the company uniquely positioned to deliver value and build a sustainable future in Mongolia. Aspire is dedicated to mining excellence and is deeply committed to operating in a responsible manner that prioritises the well-being and advancement of our host communities. Our operations will see the construction of a new highway for public use and the creation of significant employment opportunities.
For further information, please visit: https://aspirelimited.com
Chapters
0:00 – Welcome & Overview
0:37 – Ovoot Project Update
1:53 – Timeline & Funding Progress
3:00 – Trailer MoU: Cutting Costs
4:12 – Coal Handling & Processing
6:10 – Momentum at Ovoot & Community Support
8:39 – Public Road Upgrades & New Highway
11:20 – How Aspire Stacks Up on Economics
13:18 – Mongolia’s Edge Amid Trade Tensions
14:47 – Mongolia vs Australia: Operating Insights
17:28 – Market Forces Shaping Strategy
21:10 – Funding Mix: Debt vs Dilution
22:57 – What’s Next: Key Milestones Ahead
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