Metallurgical coal explorer Aspire Mining (ASX:AKM) is heading to market with a capital raising.
Aspire is progressing the development of its flagship wholly owned Ovoot Coking Coal Project in northern Mongolia.
The Ovoot Project currently has a Probable JORC Compliant Coal Reserve of 255 million tonnes of coking coal, and is classed as the second largest coking coal Reserve in Mongolia, and has considerable room to grow further from future exploration activities.
The halt will last until the opening of trade on Wednesday 29th April 2015, or earlier if an announcement is made to the market.
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