Aspire Mining Limited (ASX:AKM)

Aspire Mining Limited (ASX: AKM) reported its quarterly activities and cash flow for the period ending 31 March 2026. The company maintains a healthy financial position with cash reserves of approximately USD 3.7 million and no outstanding debt. Key activities include the advancement of the EPC contract for the Coal Handling and Preparation Plant (CHPP) and Erdenet Rail Terminal (ERT) infrastructure, with significant design reviews conducted in China and Mongolia. Aspire also progressed the tender for the Murun–Uliastai Highway Project and engaged in negotiations for a Public-Private Partnership agreement. The company supported due diligence processes for securing Supplier’s Credit Insurance and prepared for issuing USD-denominated Over-the-Counter bonds. Exploration and evaluation expenditures amounted to USD 316 thousand, while development expenditures were USD 596 thousand. There were no changes in tenement interests, and payments to related parties totalled USD 166 thousand. Aspire aims to deliver high-quality coking coal to markets in China from its world-class Ovoot Coking Coal Project, which has a JORC-compliant resource and reserve, supporting a forecast 31-year mine life.