Aspire Mining Limited · ASX:AKM
Aspire Mining — Shareholder Meeting (November 2019)
18 slides from Aspire Mining's shareholder meeting presentation, Nov 29, 2019
Slide 1: Annual General Meeting - Chairman's Address
Aspire Mining Limited ABN: 46 122 417 243 Level 9, 182 St Georges Terrace Perth WA 6000 PO Box 1918 Subiaco WA 6904 Tel: (08) 9287 4555 ASX RELEASE Fax: (08) 9321 4914 Web: www.aspiremininglimited.com Email: info@aspiremininglimited.com For personal use only For immediate release - 29th November 201
Slide 2: Chairman's Address (continued)
regarded Mongolian entrepreneur, has through on-market acquisitions and completion of a share placement in December last year acquired a 27.5% interest in our Company. The Company has also had Mongolian residents on its Board and in its executive management team. However, despite the work that has b
Slide 3: Chairman's Address (continued)
emerged. Accordingly, the proposed share placement to Mr Tserenpuntsag is the only transaction that has been presented to the Company to consider. Your Board thought long and hard over the transaction before recommending it to you. On balance, the Board felt that the potential advantages outweighed
Slide 4: Developing the World Class Ovoot Coking Coal Project
ASPIRE MINING LIMITED For personal use only Developing the World Class Ovoot Coking Coal Project AGM Presentation 29 November 2019
Slide 5: Disclaimer: Important Information
Disclaimer: Important Information For personal use only NATURE OF THIS DOCUMENT results, performance or achievements of the Company to be materially different from any anticipated future results, performance or achievements expressed or implied by such forward-looking information. Such factors inclu
Slide 6: Investment Case Summary
Investment Case Summary For personal use only Flagship 100% owned premium “fat” Ovoot Coking Coal Project (Ovoot) in Northern Mongolia with 1 255Mt total Reserves Production to be unlocked via the Ovoot Early Development Project (OEDP) – Updated PFS 2 confirms a pre-tax NPV10 of US$878m and pre-tax
Slide 7: Asset Overview and Locations
Asset Overview and Locations For personal use only Key Information Asset Locations FLAGSHIP PROJECT Ownership: Aspire (100%) Commodity: Premium “Fat” Coking Coal Mine Type: Open Pit & Underground Ovoot JORC Reserves & Reserves: 255Mt OEDP Resources1: Resources: 281Mt Reserves 53.8Mt 51.4
Slide 8: Ovoot Project Overview
Ovoot Project Overview For personal use only Globally significant premium coking coal project located in Northern Mongolia Ovoot Project Highlights Ovoot 2012 PFS previously confirmed the project’s Ownership 100% Aspire Mining Limited potential to deliver up to 10Mtpa of washed high quality “fat
Slide 9: Ovoot Project Outline
Ovoot Project Outline For personal use only 100% ownership of a major coking coal basin now fast tracking into production via the OEDP Aspire Mining Ltd Investor Presentation Note: All infrastructure subject to funding and construction 6
Slide 10: Updated OEDP PFS Extended Case Outcomes
Updated OEDP PFS Extended Case Outcomes For personal use only Outstanding Updated Extended Case economics with unleveraged NPV10 (pre- tax) of US$878m with an IRR (pre tax) of 49.4% Physicals Unit Amount Capital Expenditure Amount (US$M) Waste Mined M Bcm 253 CHPP Plant 37 Strip Ratio (incl. pre-str
Slide 11: Pre-Tax Cash Flows
Pre-Tax Cash Flows For personal use only OEDP to average US$193m p.a. in pre-tax cash flows1 with LOM totals for the Extended Cases at US$2.1b Projected Annual and Cumulative Pre-tax Cash Flows1 (Extended Case) 2,500 Pre-tax FCF Cumulative Pre-tax FCF 2,000 Cash Flows (USD M) 1,500 1,000 500 255 262
Slide 12: Future Low Cost Coking Coal Producer
Future Low Cost Coking Coal Producer For personal use only OEDP Extended Case will position Aspire as a significant 4.0Mtpa coking coal producer in the 1st quartile of the global cost curve 2025 Metallurgical Coal Cost Curve (Mt, USD/t) Q1 Q2 Q3 Q4 $200 RoW $180 Australia Ovoot $160 Current Price As
Slide 13: Low Capital Intensity
Low Capital Intensity For personal use only OEDP has favourably low capital intensity relative to comparable coking coal projects globally, with significant production expansion potential Capital Intensities of Recent Coking Coal Development Studies1 (USD/t p.a.) 250 33 35 Capital Intensity 28 28 30
Slide 14: Indicative Timeline
Indicative Timeline For personal use only Aspire expects to be in OEDP production by Q2 2021 Indicative Timeline Through to Production Milestone 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 Development Studies Pre-feasibility Study Permitting for Mine & Road Definitive
Slide 15: Local Community Benefits
Local Community Benefits For personal use only Significant benefits can be extracted from the Ovoot project over the first ten years of operations Breakdown of taxes and fees to be paid (USD) Local Economy Growth USD 33.1 million USD 73.7 million The Ovoot Project is estimated to provide up to 1,2
Slide 16: Community Relations
Community Relations For personal use only Education | Health | Environment | Cultural Heritage Signatory to the Responsible Mining Initiative Greenhouse farming trial project Operator training for heavy machineries Sewing training Healthcare event Aspire Mining Ltd Investor Presentation 13
Slide 17: Investment Highlights
Investment Highlights For personal use only 1 Strategic Ovoot Coking Coal Project positioned to unlock the Northern Mongolia mining province One of Mongolia’s largest coking coal JORC Reserves comprising 100% 2 “Premium Fat Coal” Highly experienced Board of Directors and management supported by key
Slide 18: Contact Details
Contact Details For personal use only Aspire Mining Limited ABN: 46 122 417 243 ASX Code: AKM Web: www.aspiremininglimited.com Offices: AUSTRALIA MONGOLIA Level 9, 182 St Georges Tce Sukhbaatar District, 1st Khoroo Perth, WA 6000 Chinggis Ave-8 Western Australia Altai Tower, 3rd Floor, Room 302 Tel: