Aspire board reshuffle

ASPIRE Mining has appointed two new non-executive directors after losing five-year serving non-executive director Russell Lynton-Brown.
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Aspire's Ovoot coking coal project

Lauren Barrett

Lynton-Brown, who began with Aspire Mining in 2006, was heavily involved in the acquisition of the company’s flagship Ovoot coking coal project.

Andrew Edwards and Mark Read join Aspire Mining as non-executive directors.

Edwards is a recently retired senior partner with PricewaterhouseCoopers and was also national vice-president of the Financial Services Institute of Australasia.

Read is the past chief executive officer and managing director of Australian Securities Exchange-listed coal engineering and technology company Sedgman, as well as former executive director of engineering services firm Sinclair Knight Merz.

Aspire chairman David McSweeney said the board reshuffle was a natural progression for the company.

“We welcome the appointments of Andrew Edwards and Mark Read to the Aspire board,” McSweeney said.

“Both are leaders in their respective fields and bring a wealth of knowledge and expertise to the company, which will help guide us through our next exciting growth phase as we move from an explorer to a mining company.”

Meanwhile, Aspire Mining has seen positive results from its successful 2010 drilling campaign at its Ovoot coking coal project in Mongolia, after receiving the final raw coal analysis results.

The average raw coal was rated with an energy value of 6668 kilocalories per kilogram and with a crucible swelling number of 7.7.

Inherent moisture was 0.6%, ash was 19.5%, volatiles was 26.5% and sulfur content was 1.2%, all on an air-dried basis.

Aspire noted this analysis by SGS Laboratories in China defined the coking coal as high-volatile bituminous B under the American Society for Testing and Materials coal ranking system.

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