New Risk • May 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$8.6m free cash flow). Earnings have declined by 17% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (AU$119.3m market cap, or US$86.4m). 공시 • Apr 30
Aspire Mining Limited, Annual General Meeting, May 28, 2026 Aspire Mining Limited, Annual General Meeting, May 28, 2026. Board Change • Aug 18
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non-Executive Director Greg Millen was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Aug 04
Aspire Mining Limited Announces the Appointment of Greg Millen as A Non-Executive Director of the Company, Effective 04 August 2025 Aspire Mining Limited announced the appointment of Mr. Greg Millen as a Non-Executive Director of the Company, effective 04 August 2025. Mr. Millen is a seasoned engineering and project delivery executive with over 30 years' experience across mining, energy, infrastructure and water. He is the Founding Managing Director of Karli Holdings Pty Ltd, a diversified group with operations across Australia, Europe, Asia and North America. His portfolio includes Wave International, which he co-founded in 1999 and though which he has some prior experience of Mongolian projects, and The Right Water Company, a joint venture with Traditional Owners delivering large-scale, First Nations-led water infrastructure. These ventures reflect his focus on innovative, community-driven development. Mr. Millen brings deep experience delivering multidisciplinary infrastructure programs, particularly across battery minerals, bulk commodities, and water. His integrated approach combines strategic advisory, feasibility studies, project execution and operational readiness, and is complemented by extensive stakeholder engagement across diverse regulatory and cultural contexts, including collaboration with First Nations communities. Mr. Millen's appointment comes at a critical juncture for Aspire as it transitions from development to execution. His expertise in engineering governance, contractor engagement, supply chain management and infrastructure delivery will directly support Aspire's progression of major work packages including road development, Coal Handling and Preparation Plant construction and development of the Erdenet Rail Terminal infrastructure. As an Independent Non-Executive Director, Mr. Millen also strengthens Aspire's corporate governance framework, supporting balanced decision-making and independent oversight as the Company advances towards development and financing milestones in the interests of all shareholders. Mr. Millen holds an Honours degree in Mechanical Engineering from the University of Western Australia. He is a Chartered Professional Engineer, Fellow of Engineers Australia (FIEAust), Engineering Executive (EngExec), and a member of Consult Australia, AusIMM and the Australian Institute of Company Directors (AICD). 공시 • Apr 28
Aspire Mining Limited, Annual General Meeting, May 29, 2025 Aspire Mining Limited, Annual General Meeting, May 29, 2025. Board Change • Dec 24
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Executive Director Russell Taylor was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Nov 27
Aspire Mining Limited Appoints Tristan Garthe as Chief Financial Officer, Effective 25 November 2024 Aspire Mining Limited announced the appointment of Tristan Garthe as Chief Financial Officer, effective 25 November 2024. Tristan brings over 20 years of financial and strategic expertise in the mining sector, with a strong record of success in capital management, governance, and operational optimisation. He has held key roles with ASX-listed companies, where he has been pivotal in shaping financial strategy, securing capital, and overseeing complex transactions within the resources industry. Known for his hands-on approach, Tristan's extensive background in financial management and governance has enabled both listed and international resource companies to achieve significant growth and operational efficiency. Tristan is a Fellow of CPA Australia, holds an MBA, a Diploma of Applied Finance, and is a Graduate of the Australian Institute of Company Directors. His qualifications and experience will be instrumental in supporting Aspire Mining as advance towards goal of transforming from an explorer to a producer, developing a world-class coking coal mine. New Risk • Jul 24
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: AU$142.1m (US$93.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (US$56k revenue). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (AU$142.1m market cap, or US$93.8m). New Risk • Jun 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (US$56k revenue). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (AU$132.0m market cap, or US$87.3m). 공시 • Apr 30
Aspire Mining Limited, Annual General Meeting, May 30, 2024 Aspire Mining Limited, Annual General Meeting, May 30, 2024, at 14:00 E. Australia Standard Time. Agenda: To adopt Remuneration Report; to re-elect Boldbaatar Bat-Amgalan as a Director; and to appoint Auditor. New Risk • Apr 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (AU$765k revenue, or US$491k). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (AU$99.0m market cap, or US$63.6m). 공시 • Oct 20
Aspire Mining Limited, Annual General Meeting, Nov 24, 2023 Aspire Mining Limited, Annual General Meeting, Nov 24, 2023, at 16:00 AUS Eastern Standard Time. Location: Automic Offices, Level 5, 126 130 Phillip Street Sydney New South Wales Australia Agenda: To consider the Annual Financial Report of the Company for the financial year ended 30 June 2023 together with the declaration of the Directors, the Directors' Report, the Remuneration Report and the Auditor's Report for that financial year; to consider the Adoption of Remuneration Report; to consider and Re-election of Russell Taylor and Michael Avery as a Director; to consider the Approval of Issue of Performance Rights to Russell Taylor, a Director of the Company; and to consider other matter also. New Risk • Oct 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Revenue is less than US$1m (AU$765k revenue, or US$487k). Minor Risk Market cap is less than US$100m (AU$40.1m market cap, or US$25.5m). Board Change • Apr 13
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Non-Executive Director Russell Taylor was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Jan 31
Aspire Mining Limited Announces Change to Board of Directors Aspire Mining Limited announced the resignation of one of its Non-Executive Directors, Ms. Hannah Badenach, from its Board effective 31 January 2023. Ms. Badenach was appointed to the Board as the nominated representative of the Company's current second shareholder, Noble Resources International Pte Ltd. (Noble), on 18 April 2013. Board Change • Nov 18
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. No independent directors (5 non-independent directors). Non-Executive Director Boldbaatar Bat-Amgalan was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Apr 28
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. No independent directors (5 non-independent directors). Non-Executive Director Boldbaatar Bat-Amgalan was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Dec 31
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. No independent directors (5 non-independent directors). Non-Executive Director Boldbaatar Bat-Amgalan was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.