Global Met Coal Corporation announced that it has signed a binding Memorandum of Understanding (MOU), with Aspire Mining Limited to work together to mutual benefit in the pre-development, development and operation of the Mogoin Gol and Ovoot Coking Coal projects, located in the Ovoot Basin, northwest Mongolia. Under the terms of the MOU, Global Met Coal has agreed to provide Aspire Mining Limited with access to existing open pit mining operations at the Mogoin Gol Coking Coal project for the collection of information and bulk samples to be used by Aspire Mining Limited in its prefeasibility-stage Ovoot Coking Coal Project which surrounds and adjoins the Mogoin Gol property. Aspire Mining Limited will have access to all historical coal quality data produced as a result of coal sales from the Mogoin Gol Coking Coal Mine and bulk samples of suitable coal quality for test work purposes, including washability and coke oven test work, and for market development purposes. Aspire Mining Limited will make available to Global Met Coal the results of any test work and market development activities completed using coal from the Mogoin Gol pit and all information from Aspire Mining Limited's geotechnical studies that is of direct relevance to the operation of the Mogoin Gol Coking Coal project. Global Met Coal and Aspire Mining Limited have also agreed to cooperate to achieve the following potentially mutually beneficial outcomes: the ability to mine coal up to the shared tenement boundary; the rationalization/sharing of infrastructure; the rationalization/sharing of mining fleet; and the use of a single mining entity/contractor.