Aspire Mining (AKM) Q3 2026 TU earnings summary

Executive summary

• OCCP holds a 130.1 Mt JORC Coal Reserve and 97.9 Mt Marketable Reserve, supporting a forecast 31-year mine life; 100% project interest.

• Development advanced through CHPP site establishment and Ovoot Bond placements; key statutory approvals are in place, with remaining approvals and agreements progressing.

Financial highlights

• Quarter-end cash and cash equivalents were US$2.067 million, compared with US$2.503 million at the prior quarter end.

• Quarterly operating cash outflow was US$774,000; investing outflow was US$9.391 million, including US$9.022 million for property, plant and equipment.

• Financing cash inflow was US$9.716 million, comprising US$10.056 million of borrowings less US$340,000 of financing transaction costs.

• Director fees of US$156,000 were paid during the Quarter.

Outlook and guidance

• Updated model forecasts Phase 1 pre-production infrastructure capex of ~US$61.2 million from 2026 to first scheduled production; excludes ~US$24.6 million working capital and capex incurred to 31 Dec 2025.

• Economic evaluation: post-tax NPV10 US$1,483.3 million and post-tax real IRR ~60%, based on assumed long-term coking coal price of US$230/t DDP Erlian, China.

• Model assumes KK raises ~US$126 million through OTC bonds and defers US$42 million of CCTEG-IEC payments until after commissioning; financing assumptions do not assure funds will be raised on schedule or terms.