Aspire Defines Coal Resource in Mongolia & Signs Pact with South Gobi

Aspire has also entered into a binding agreement with SouthGobi Resources, a leading Mongolian coal producer that encompasses a $20 million placement and strategic partnership. The significant cash injection from SouthGobi will provide cornerstone funding and strategic partnership benefits to accelerate the exploration and development of Ovoot through to the Feasibility Study. SouthGobi will also assist with the Ovoot development.