Argonaut acted as Lead Manager to a successful A$4.4 million Placement for Aspire Mining to further explore the Nuurstei and Ovoot coking coal projects in Mongolia. Previously, Argonaut also acted as Advisor to the $20.1 million Placement of Aspire Mining Limited in 2011 to its strategic alliance with Noble Group Holdings Limited.
Aspire Mining Limited (ASX:AKM) is an Australian mineral exploration and development company with assets in Australia and Mongolia. Noble Group Holdings Limited is a Hong Kong-based international supplier of energy focused on developing sustainable means of energy production. This 50/50 joint venture between Aspire Mining Limited and Noble Group Holdings Limited opened opportunities for Aspire to explore resources in China. Together with Noble Group Holdings Limited, Aspire Mining has licenses in the South Gobi Region in Southern Mongolia under the Ekhgovlin Chuluu Joint Venture (ECJV).
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