In a medium pot, heat beef stock, bringing it to a light boil; reduce to a simmer for a few minutes.

In a heavy-bottomed pot over medium-high, heat olive oil and sauté shallots until soft; add barley and cook for 1-2 minutes, stirring constantly. Add white wine to deglaze, then begin adding beef broth, one ladle at a time, and stir until all the liquid is absorbed and barley is tender (process will take close to 50 minutes).

Meanwhile, in a sauté pan, heat the remaining 2 tbsp (30 mL) olive oil; add mushroom, asparagus, shallots, garlic and thyme; sauté until soft.

Assembly: Gently fold mushroom mixture and cheese into the finished risotto. Serve with more cheese on side.