Aspire stock surges as Nuurstei feasibility closes

Aspire Mining ltd’s stock price has surged 25 percent at the Australian Stock Exchange on Monday, reaching AUD 0.0125 per share. According to Proactive-Investors, the management said that it wasn’t aware of any information concerning it that had not been announced to the market.

“Drawing further attention to the group was the fact that more than 60 million shares were traded compared with average daily trading volumes of 2.5 million shares in March,” reported Proactive-Investors.

David Paull, CEO of Aspire Mining, previously informed that the management expects to have a feasibility study of Nuurstei project completed by the end of the second quarter of 2018, which will provide a significant insight into the project’s economic viability. “The market for coking coal remains robust with historically healthy pricing of hard coking coal of the quality that we expect Nuurstei can produce,” remarked Mr. David Paull.

The company will soon be transporting minerals directly onto rail for delivery to markets including People’s Republic of China (PRC), Russian Federation, Eastern Europe and North Asian countries. For instance, the company signed several documents and MoU with PRC during Prime Minister Khurelsukh Ukhnaa’s visit to PRC. This includes an MoU with China Gezhouba Group on investment and cooperation, which includes to complete the feasibility of Erdenet- Ovoot railway within May.

April 30, 2018
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