Ann: Preliminary Economic Assessment Demonstrates Rail Viability, page-12

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ASPIRE MINING: THE PRELIMINARY ECONOMIC SURVEY OF THE OVOOT RAILWAY PROJECT WAS POSITIVE
Published Date: 29 October 2018 18:00
Aspire Mining, a wholly-owned subsidiary of the Australian Stock Exchange, has reported positive results of the preliminary economic survey of the Ovoot Coking Coal Project.



Aspire Mining's shares rose 10 percent to A $ 0,022 on the Australian Securities Exchange today. This economic estimate concludes that the Ovoot deposit can extend from 238.6 km to Arctic base of Mongolia and Russia. The Ovoot-Arctar base and the Erdenet-Ovoot railway project will be part of the passage of the northern railway corridor project in Mongolia.

Aspire Mining is also considering launching the project in Russia and Europe. Currently, the company estimates that the company has been forwarded to the Ministry of Roads and Transportation development and "Ulaanbaatar Railroad" FPF, "David Davila, Executive Director of Aspire Mining, plans to release the coal production of the Ovoot coking coal project within 12-15 months.