Aug 31 (Reuters) - Aspire Mining Ltd AKM.AX :
* Completion of first stage of feasibility study requires funding of US$1.0 million to ensure that work commences immediately
* Entered into a funding arrangement with northern railways llc (northern railways) rail funding adviser, signum resources
* The total rail project construction capital cost is currently estimated at US$1.2 BLN
* Says signum has agreed to provide a US$600,000 loan to northern railways and a placement of US$200,000 at A$0.02 per share in Aspire
* Source text for Eikon ID:nASX3R55LQ
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