Aspire Mining Limited · ASX:AKM
Aspire Mining — Investor Presentation (February 2018)
19 slides from Aspire Mining's investor presentation, Feb 26, 2018
Slide 1: Becoming a new Hard Coking Coal Producer
ASPIRE MINING LIMITED For personal use only Becoming a new Hard Coking Coal Producer …..…Marching Down China’s One Belt One Road Investor Presentation February 2018
Slide 2: Disclaimer | Important Information
Disclaimer | Important Information NATURE OF THIS DOCUMENT For personal use only This presentation has been prepared by Aspire Mining Limited (Aspire or the Company). The information is based on publicly available information, internally developed data and other sources. By receiving this presentati
Slide 3: Disclaimer | Important Information
Disclaimer | Important Information Assumptions have been made by the Company regarding, among other things: the price of coking coal, the timely receipt of required governmental approvals, the accuracy of capital and operating cost estimates, the completion of a feasibility study for the Nuurstei Pr
Slide 4: Introduction
Introduction Perth based Aspire Mining Limited (ASX: AKM) has JORC Reserves & Resources For personal use only spent over $40m acquiring and exploring the high Deposit Probable (Mt) Marketable (Mt) Ovoot Open Pit 247.0 182.0 grade Ovoot coking coal deposit in northern Mongolia. Ovoot Underground 8.0
Slide 5: Company Snapshot
Company Snapshot 12 Month Share Price Capital Structure Performance and Volume For personal use only Ordinary Shares on Issue 2,520m Share Price (ASX: AKM) 1.1¢ Market Cap (undiluted) $27.2m Performance Rights 279m Options (2.5¢ strike, Aug ‘18 expiry) 187.1m Options (1.8¢ strike, Dec ‘19 expiry) 87
Slide 6: Asset Overview and Locations
Asset Overview and Locations Nuurstei Coking Coal Project For personal use only 12.9Mt(1) HCC (4.7Mt Indicated, 8.1Mt Inferred JORC Resource). Planned wash plant, strategic location. Northern Near-term production asset via Railway trucking to Erdenet rail. Northern Railways 80% of the Erdenet-Ovoot
Slide 7: Sequentially Putting the Assets to Work
Sequentially Putting the Assets to Work 1 | Nuurstei Coking Coal Project 2 | Erdenet – Ovoot Railway 3 | Ovoot Coking Coal Project For personal use only Ownership: 90% Ownership: 80%, potentially diluting to 34% Ownership: 100% Part of One Belt One Road Globally significant high quality fat Conceptu
Slide 8: Nuurstei Project
Nuurstei Project Conceptual Mining Study demonstrates a Nuurstei Project Highlights For personal use only competitive delivered cost for HCC into northern Chinese markets based on trucking of Ownership 90% approximately ~430km to Erdenet. JORC Resources 4.7Mt Indicated(2) Mining license granted Octo
Slide 9: Nuurstei Project
Nuurstei Project Agreement signed to Mine and Buy coal from For personal use only neighbouring license: o Initial agreement for 100kt or raw coal. o Coal will be trucked 420 kms to the nearest rail head at Erdenet then railed to China. o Coal will be transported south to China for washing and sale i
Slide 10: Regional End Users
Regional End Users For personal use only Nuurstei Ovoot 10 Aspire Mining Limited Investor Presentation
Slide 11: Envisaged Nuurstei Key Milestones
Envisaged Nuurstei Key Milestones Commence Nuurstei For personal use only Nuurstei Nuurstei Mining Feasibility Study Drilling Commences New DOC Coal Producer Funding/Offtake 0.5mtpta Jan 2018 Jan 2019 Ovoot Trial 5000t Commitment Early Deliveries to Mine Development Washplant Construction Commences
Slide 12: 100% Premium Coking Coal
100% Premium Coking Coal For personal use only Nuurstei coking coal is mid vol and low ash Indicative Nuurstei Coal Specification1 Moisture Ash Volatiles Sulphur CSN CSR Max dilation Gray King G caking index Y index mm RoMax 9% 10% 25-28% 0.7 8.5 +67 +190% G9 +85 +24 1.35 Total Dilation vs Rank Vola
Slide 13: Ovoot and Nuurstei Quality Compared to Majors
Ovoot and Nuurstei Quality Compared to Majors For personal use only Aspire Mining Limited Investor Presentation 13
Slide 14: Funding Nuurstei Mine Development
Funding Nuurstei Mine Development For personal use only Various Sources Available In Addition to Debt and Equity markets EPC Funding: EOI received from ODDOF BHF. Private German bank that would provide funds supported by Hermes Fund, German Government backed export credit agency. Term offtake requir
Slide 15: Northern Rail Project (Northern Railways LLC)
Northern Rail Project (Northern Railways LLC) A One Belt One Road Initiative For personal use only Northern Rail Project Highlights The Erdenet – Ovoot railway is the rail project of Ownership Aspire Noble CGGC Mongolian registered Northern Railways LLC, a 90% owned subsidiary of Aspire. The 549km E
Slide 16: One Belt One Road (OBOR)
One Belt One Road (“OBOR”) The One Belt One Road For personal use only project is arguably the single largest investment initiative globally. OBOR is the “crown jewel” of Chinese Gov’t Policy designed to boost trade, connectivity and take advantage of latent industrial capacity. Mongolia in a prime
Slide 17: Ovoot Project
Ovoot Project Aspire’s Ovoot Coking Coal Project in Northern Mongolia is the country’s second largest coking coal Reserve, after Ovoot Project Highlights For personal use only the Government owned Tavan Tolgoi Mine. Ownership 100% Aspire Mining Limited A Mining License (MV 017098) over the Ovoot Pro
Slide 18: Aspire Transformed
Aspire Transformed For personal use only “Aspire is aiming to become a profitable miner through development of the Nuurstei Coking Coal Project thereby building a market capitalisation to facilitate the development of the world class Ovoot Project ” Aspire’s asset base remains far superior to those
Slide 19: Contact Details
Contact Details Aspire Mining Limited For personal use only ABN: 46 122 417 243 ASX Code: AKM Web: www.aspiremininglimited.com Offices: AUSTRALIA MONGOLIA 69 Kewdale Road Sukhbaatar District, 1st Khoroo Welshpool, WA6106 Chinggis Ave-8 Western Australia Altai Tower, 3rd Floor, Room 302 Tel: +61 8 92
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