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Aspire Limited Advances Ovoot Project with Completion of Geotechnical Surveys

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Aspire Limited Advances Ovoot Project with Completion of Geotechnical Surveys

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Aspire Mining Limited ( (AU:AKM) ) just unveiled an announcement.

Aspire Limited has completed geotechnical surveys at its Ovoot mining license, marking progress towards the construction phase of the Ovoot Coking Coal Project, set to begin in spring 2025. Key infrastructure sites, such as the Coal Handling and Preparation Plant (CHPP) and Permanent Camp, have been prioritized, with initial earthworks scheduled for Q2 2025. The completion of these surveys supports Aspire’s efforts to meet the rising global demand for coking coal, potentially strengthening its market position and benefiting stakeholders involved in the project.

More about Aspire Mining Limited

Aspire Limited operates in the mining industry, focusing on the exploration and development of high-quality coking coal resources. The company’s significant project is the Ovoot Coking Coal Project, aiming to meet global demand for this crucial steelmaking material.

YTD Price Performance: 17.14%

Average Trading Volume: 4,450

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €75.59M

See more data about AKM stock on TipRanks’ Stock Analysis page.

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