Ann: Half Yearly Report and Accounts, page-2

"Review of Operations
Aspire Mining Limited (“Aspire” or the “Company”) is focused on the exploration and development of metallurgical coal assets in Mongolia.

Aspire owns:
1. a 100% interest in the large scale, world class Ovoot Coking Coal Project (“Ovoot Project”); and
2. a 90% interest in the Nuurstei Coking Coal Project.

Aspire’s Mongolian rail infrastructure subsidiary, Northern Railways LLC, holds a Concession Agreement from the Mongolian Government to build and operate 549km of rail from the town of Erdenet to the Ovoot Coking Coal Railway in northern Mongolia. The Erdenet to Ovoot Railway is required to transport the coal from the Ovoot Coking Coal Project to market and will provide the better transport alternative to road for the Nuurstei Coking Coal Project when constructed.

During the period, the Company, or its relevant subsidiary company:

1. exercised the option to acquire the remaining 50% interest in the corporate structure that holds the 90% interest in the Nuurstei Coking Coal Project by the issue of securities with the agreement of the vendor;
2. adopted a strategy to bring the Nuurstei Coking Coal Project into production with the first step drilling programme and studies funded by the renounceable rights issue capital raising of $16.53 million before costs completed in December 2017;
3. obtained a 30 year mining license for the Nuurstei Coking Coal Project; and
4. entered into a memorandum of understanding with China Gezhouba Group International Company Limited (CGGC) to complete the Erdenet to Ovoot Northern Rail bankable feasibility study and assist with the sourcing or provision of funding required to complete other Concession Agreement conditions precedent."

looks as, they have been very active behind the scenes.