Aspire Limited (ASX: AKM) is pleased to advise that it has received multiple tender submissions for the design,
procurement, supply, construction management, and commissioning of its planned Coal Handling and
Preparation Plant (CHPP) and coal handling infrastructure at the Erdenet Rail Terminal (ERT). The development
of this infrastructure is a critical milestone in advancing the Ovoot Coking Coal Project, and the receipt of these
tenders marks significant progress.
To ensure a streamlined and competitive international tender process, Aspire partnered with Procurement Co.,
an Australian-based procurement specialist consultancy. Leveraging their expertise in contract management and
industry benchmarking, the Company conducted a global tender process to secure cutting-edge technologies and
cost-efficient construction solutions, facilitating rapid construction and seamless production ramp-up.
Participants were invited to tender based on their proven experience in designing, constructing, and
commissioning world-class coal processing and material handling infrastructure, particularly in extreme cold
climates such as northern Mongolia.
Aspire is now evaluating multiple submissions from companies headquartered in Mongolia, Australia, China, and
South Africa, all of which have extensive on-the-ground experience in Mongolia. This competitive selection
process ensures that global best practices in coal processing and infrastructure development are integrated. The
Company anticipates completing the evaluation and moving to contract negotiation and award within Q2 2025,
with project execution expected to commence shortly thereafter.
The Scope of Works for both the CHPP and ERT coal handling infrastructure included in the Request for Tender
package was aligned with the world-class concepts and designs resulting from the previously completed Front
End Engineering Design (FEED) studies. Concept and trade-off studies were undertaken as part of the FEED
studies to determine the best overall solutions, including in addressing community concerns about containing potential dust and minimising water use.
Construction and commissioning of the CHPP and ERT coal handling infrastructure is strategically important to
Aspire for several key reasons:
• It will facilitate the creation of a value-added product in Mongolia, that is deliverable directly to end-users
and ensure that margins remain within the Company and Mongolia.
• The processing of raw coal into a higher-value product will reduce transportation and logistics costs by
lowering overall shipment volumes. This will also decrease the number of trucks on the road and reduce
the required capacity on the Trans-Mongolian Railway.
• It will enhance the efficiency and cost competitiveness of truck transportation between Ovoot and the
ERT, with the semi-automated truck loading and unloading systems enabling rapid, dust-free loading and
unloading, whilst also ensuring that trucks will not need to depart from the paved road; and
• Rail wagon loading at the ERT will be enhanced with rapid, dust-free processes, improving the efficiency
of railing operations and ensuring timely delivery of washed coking coal to end-user customers.
Aspire remains committed to executing this project efficiently while adhering to world-class standards and best
practices, ensuring that the Ovoot Coking Coal Project continues to progress towards successful operation.
This announcement has been authorised for release by the Board of Aspire Limited.

Published Date:2025-03-24