Aspire Mining (AKM) AGM 2025 summary

Opening remarks and agenda

• Meeting opened at 2:00 P.M. AEST on 29 May 2025, with a quorum present and introductions of directors, management, and auditor via teleconference.

• Shareholders welcomed to participate virtually, with questions to be submitted via the Q&A function.

• Agenda included formal AGM matters, business updates, and project progress.

Corporate governance

• Notice of meeting mailed to all registered members and taken as read.

• Voting on all resolutions conducted by poll, with instructions provided for online voting.

• Proxies inspected and accepted; undirected proxies cast in favor of each resolution by the Chairman.

• Major shareholder support and diversified board expertise underpin governance.

• Social license secured through stakeholder engagement and community consultation.

Financial performance review

• Annual Financial Report for year ended 31 December 2024, along with Directors' and Auditors' reports, presented for discussion.

• Market capitalisation at A$142.1 million as of 27 May 2025, with A$19.5 million in cash and investments and no debt.

• Share price showed volatility but remained above A$0.20 throughout the year.

• Major shareholder Tserenpuntsag Tserendamba has invested approximately A$60 million to date.

• No questions raised regarding the financial statements or the auditor's report.