Australia's Aspire Mining surges on Mongolia highway approval near its coal project

Aspire Mining

12/09/2025 05:16

** Shares of Aspire Mining AKM.AX advance as much as 12% to A$0.280, highest level since July 16

** Coking coal developer says Mongolia approves Murun-Uliastai Highway Project

** Adds, project significantly de-risks its Ovoot Coking Coal Project by aligning infra with government-backed investment, reducing capital burden and minimising potential shareholder dilution

* On Thursday, stock closed 8.7% higher, on signing exclusive marketing control over Ovoot and Nuurstei projects

** Trading volume at more than 1.6 mln shares so far, 2.3x 30-day avg

** Stock last up 4%, takes YTD gains to nearly 2%

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))