Aspire Mining Limited · ASX:AKM
Aspire Mining — Investor Presentation (March 2025)
27 slides from Aspire Mining's investor presentation, March 2025
Slide 1: Investor Presentation: Ovoot: A World Class Coking Coal Development
Investor Presentation Ovoot: A World Class Coking Coal Development March 2025 aspirelimited.com ASX: AKM
Slide 2: Disclaimer
Disclaimer NATURE OF THIS DOCUMENT 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 presentation, you acknowledge and represent to the Compa
Slide 3: Ovoot is a Quality Investment Opportunity
INVESTMENT SUMMARY Ovoot is a Quality Investment Opportunity Aspire’s Ovoot Coking Coal Project is a standalone, permitted coking coal development now progressing into the development phase. Ovoot Validated as Low Capex, High Payback: Independent Technical Report (ITR) supports the robust returns an
Slide 4: High-Return Coking Coal Project Confirmed
PROJECT VALIDATION High-Return Coking Coal Project Confirmed Aspire’s Ovoot Coking Coal Project has robust economic parameters, a capital-efficient development plan, and a short payback period. The Project has a structured pathway to production with demonstrated community support. Key Takeaways Proj
Slide 5: Ovoot Coking Coal Project
WORLD CLASS PROJECT OF SIGNIFICANT SCALE Ovoot Coking Coal Project A premium ‘fat’ coking coal project of significant resource scale and saleability, with all major permits in place to construct; significant work has been done by Aspire to optimise and de-risk the route to market of Ovoot coal Overv
Slide 6: Premium Fat Coking Coal – Scarcity Drives Strong Prices
PREMIUM QUALITY PRODUCT Premium Fat Coking Coal – Scarcity Drives Strong Prices Ovoot’s ‘fat’ coal is highly sought after for its wide plastic range, affording it excellent blending properties with other coals Sustained supply shortfalls result in strong demand and prices1 • Ovoot’s fat coking coal
Slide 7: Ovoot's Market Advantage: High Demand, Limited Supply
STRONG COKING COAL MARKET FUNDAMENTALS Ovoot’s Market Advantage: High Demand, Limited Supply Ovoot is ideally positioned to meet the growing global demand for premium coking coals, including a 4.1% CAGR for Indian metallurgical coal demand, as one of few new projects forecast to come online Global E
Slide 8: Ovoot Project Economics
Ovoot Project Economics
Slide 9: Ovoot Project Economics
PROJECT FINANCIALS Ovoot Project Economics1 Financial Summary Financial Sensitivities (US$m NPV10) Coal Price +/-10% 1,175 (-383) 1,917 (+359) Unit Value AISC +/-10% 1,367 (-191) 1,748 (+190) NPV10 (post-tax) US$m 1,558 Payback period (post-tax) Years 4.2 Yield +/-5% 1,432 (-126) 1,683 (+125) Pre-Pr
Slide 10: Ovoot Project Economics
PROJECT FINANCIALS Ovoot Project Economics Co Coking Coal Export Royalty Structure 1 Pre-Production Capital Costs Realised Coal Sale Price (US$/t) Unit Royalty Rate Unit Study Outcome 0 to 99.99 % 5.0 Mining US$m 59 100.00 to 129.99 % 6.0 Processing US$m 65 130.00 to 159.99 % 6.5 Transportation US$m
Slide 11: Ovoot Project Economics
PROJECT FINANCIALS Ovoot Project Economics Free Cash Flow (US$m) Expansion Operating Cost Profile (US$m)1 (700) General & Administrative 400 8,000 (600) Selling Costs 300 6,000 Rail Logistics (500) 200 4,000 Truck Transportation 100 2,000 (400) Processing 0 0 (300) Mining -100 -2,000 (200) Annual Ca
Slide 12: Ovoot Project Economics
PROJECT FINANCIALS Ovoot Project Economics Coking Coal Sales by Year (Mt) Capital Expenditure Profile (US$m) 6.0 100 Development Capital Sustaining Capital 5.0 80 4.0 60 3.0 40 2.0 1.0 20 - - • The sales profile is a direct reflection of our resource capabilities, • Development capital requirements
Slide 13: Ovoot Development Plan
Ovoot Development Plan
Slide 14: Development Timeline to First Production
PROJECT EXECUTION Development Timeline to First Production Aspire is poised to make significant development announcements through 2025 that will put it on the cusp of production Completed Milestones Infill Drilling Program Mine DEIA2 approved JORC Resource & ITR Completed ERT FEED1 Study Firmed geol
Slide 15: Ovoot: A Project Built for Mutual Prosperity
SOCIAL LICENCE TO OPERATE Ovoot: A Project Built for Mutual Prosperity The Ovoot development plan has evolved based upon feedback from extensive community consultation. Mining, processing, transportation and logistics plans have been revised accordingly, and presented back to the community for appro
Slide 16: Mining: Simple, High-Return Plan in Place
OVOOT DEVELOPMENT PLAN Mining: Simple, High-Return Plan in Place Simple, productive truck and excavator operations supported by permanent camp and connected to the Central Electricity Grid Mode Open Pit Mine Plan Best Practice Sustainable Mining • Low stripping ratio: Thick, shallow coal seam enable
Slide 17: Processing: Modern, Efficient and Environmentally Friendly
OVOOT DEVELOPMENT PLAN Processing: Modern, Efficient and Environmentally Friendly Modern, fully enclosed, modular 350 tph plant designed to consistently produce a high yield of low ash coking coal Ovoot Coal Handling and Preparation Plant (CHPP) Modern, High-Efficiency Coal Processing • Fully enclos
Slide 18: Transportation: Formula 1 Style Logistics to Maximise Value
OVOOT DEVELOPMENT PLAN Transportation: Formula 1 Style Logistics to Maximise Value The transportation system is planned to ensure that trucks remain in motion, evenly spread across the circuit, reducing peak infrastructure requirements and ensuring efficiency of operation A Smart, Efficient Supply C
Slide 19: State of the Art Transportation Hub
OVOOT DEVELOPMENT PLAN State of the Art Transportation Hub The Transportation Hub is designed to support safe and productive coal haulage operations by ensuring that long-haul drivers operate a fully inspected and serviced vehicle each shift Transportation Hub Infrastructure Purpose-Built for Safe,
Slide 20: Logistics: Erdenet Rail Terminal to facilitate End Market Access
OVOOT DEVELOPMENT PLAN Logistics: Erdenet Rail Terminal to facilitate End Market Access Truck unload, coal storage, and train loadout for contained, productive and efficient transloading of coal Erdenet Rail Terminal (ERT) Fast, Reliable Rail Access to End Markets • Enclosed coal receival & storage:
Slide 21: Delivering Sustainable Benefits
SUSTAINABILITY Delivering Sustainable Benefits Responsible mining will ensure that the local environment is protected, whilst also delivering tangible and sustainable benefits to local communities and Mongolia more broadly Aspire is committed to supporting the United Nations Sustainable Development
Slide 22: Corporate Overview
Corporate Overview
Slide 23: Corporate Overview
ASX: AKM Corporate Overview1 Capital Structure Share Price Performance since 1 January 2024 Unit ASX:AKM 0.40 Share Price (A$) (LHS) Volume (m) (RHS) 2.0 Share Price A$/sh. 0.215 0.30 1.5 Shares on Issue #m 507.6 0.20 1.0 Performance Rights #m 6.0 Market Capitalisation A$m 109.1 0.10 0.5 Cash & Inve
Slide 24: Board and Management
PROVEN LEADERSHIP TEAM Board and Management MICHAEL AVERY Non-Executive Chairman ACHIT-ERDENE DARAMBAZAR Executive Director • 30+ year mining industry veteran • Chairman of Mongolia International Capital Corporation (MICC) • Significant Mongolian coal project experience the first Mongolian investmen
Slide 25: Appendix
Appendix
Slide 26: JORC (2012) Coal Resource and Coal Reserve
APPENDIX JORC (2012) Coal Resource and Coal Reserve1 Resource Reserve Tonnage Ash CSN Tonnage Category Category (Mt) (%) (#) (Mt) Measured 99.5 18.4 8 Proved 76.8 Indicated 100.9 21.3 7 Probable 53.3 Inferred 19.0 19.2 6 Total 130.1 Total 219.4 19.8 7 ESTIMATES OF MINERAL RESOURCES AND ORE RESERVES
Slide 27: Contact
Aspire’s Ovoot Coking Coal Project has robust economic parameters, a capital-efficient development plan, and a short payback period. The Project has a structured pathway to production with demonstrated community support. Contact Dannika Warburton | Investor Relations E: ir@asipiremininglimited.com A