Aspire Mining (ASX: AKM) non-executive director Tony Pearson has stepped down from his role with the company.

The company is focused on its Ovoot project in northern Mongolia, where it recently boosted the coking coal Probable Reserves by 23% to 219 million tonnes.

The new reserves are sufficient for a 20 year mine life of producing coking coal at Ovoot, extended by five years.

The Ovoot Project is confirmed as the second largest coking coal reserve in Mongolia. Globally it sits among the top Tier 1 coking coal assets of the major coking coal resource companies.

The marketable coking coal reserve has increased by 33 million tonnes, or 22%, to 180 million tonnes at a product moisture of 8.5%.

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