Aspire Mining Limited · ASX:AKM
Aspire Mining — 121 Mining Investment Hong Kong 2018
17 slides from Aspire Mining's conference presentation, Oct 23, 2018
Slide 1: Fast-tracking the World Class Ovoot Coking Coal Project
ASPIRE MINING LIMITED For personal use only Fast-tracking the World Class Ovoot Coking Coal Project Hong Kong | 121 Mining Investment 23 – 24 October 2018
Slide 2: Disclaimer: Important Information
DISCLAIMER: Important Information NATURE OF THIS DOCUMENT Assumptions have been made by the Company regarding, among other things: the price of coking coal, the This presentation has been prepared by Aspire Mining Limited (Aspire or the Company). The information is timely receipt of required governm
Slide 3: Asset Overview and Locations
ASSET OVERVIEW AND LOCATIONS Key Information Asset Locations For personal use only Ownership: ▪ Aspire (100%) Commodity: ▪ Premium “Fat” Coking Coal Mine Type: ▪ Open Pit & Underground JORC Reserves & ▪ JORC Reserves: 255Mt Ovoot Resources: ▪ JORC Resources: 281Mt ▪ 134km2 tenement position Tenement
Slide 4: Company Snapshot
COMPANY SNAPSHOT Capital Structure Current Post Strategic Financing Board of Directors For personal use only Ordinary Shares on Issue 2,608m 3,346m David Paull Executive Chairman Share Price $0.021 $0.021 Gan-Ochir Zunduisuren Executive Director Market Cap (undiluted)1 $54.8m $70.3m Neil Lithgow Non
Slide 5: Leading Strategic Partners
LEADING STRATEGIC PARTNERS Partnerships highlight Ovoot’s strategic value and its For personal use only status as a Priority One Belt One Road project ▪ Successful Mongolian businessman with a track record of building large scale Mongolian businesses ▪ Owner of / built the largest internet service p
Slide 6: OEDP - Fast Track Path to Production
OEDP - FAST TRACK PATH TO PRODUCTION Targeting a production of washed premium “fat” coking coal to access 3 to 4 For personal use only Mtpa of available rail capacity Overview Key Benefits Low ash, high yielding “starter” open pit Transforms Aspire into a globally significant identified within t
Slide 7: Favourable Coal Market Fundamentals
FAVOURABLE COAL MARKET FUNDAMENTALS Key Themes Price Outlook for Benchmark HCC For personal use only 350 Historical Spot HCC price Supportive macro environment after a five 289 c.US$214/t Benchmark HCC Price (US$/t) 300 year period of sector-wide downturn / distress 250 underpinned by limited to n
Slide 8: Ovoot Project Overview
OVOOT PROJECT OVERVIEW For personal use only Ovoot Project Highlights Advanced, globally significant premium coking coal Ownership 100% Aspire Mining Limited project located in Northern Mongolia Location Khuvsgul, north-western Mongolia Ovoot PFS2 confirms the potential to deliver up to History
Slide 9: Ovoot Project Outline
OVOOT PROJECT OUTLINE 100% ownership of a major coking coal basin For personal use only “Ovoot has a 247Mt open pit JORC Reserve with a mine design and Pre Feasibility Study confirming a future production profile of up to 10Mtpa of washed coking coal with rail” Aspire Mining Limited Investor Present
Slide 10: Exceptional Coking Coal Quality
EXCEPTIONAL COKING COAL QUALITY 100% Chinese (FM) “Premium Fat Coal” with high fluidity and plastic properties For personal use only High fluidity levels make Ovoot coal an ideal product Ovoot Coal Blending to Upgrade Lower Ranking Coals for blending and upgrading of thermal, oxidised and lower qu
Slide 11: No Mongolian Discount if Location and Quality Comparable
NO MONGOLIAN DISCOUNT IF LOCATION AND QUALITY COMPARABLE For personal use only Prices for coking coal and “fat” coking coal are particularly strong with no Mongolian discount observable Chinese Border Locations Chinese Border Coking Coal Pricing Ceke Ganqimaodu Mongolian Australian Border Border Was
Slide 12: Ovoot Road and Rail Path
OVOOT ROAD AND RAIL PATH OEDP Road development is highly complementary to delivery of future rail For personal use only Road permitting to be undertaken alongside rail pre-development works for DEIA and land access agreements 12 month option to acquire a 10 hectare rail siding adjacent to the Er
Slide 13: Investment Highlights
INVESTMENT HIGHLIGHTS For personal use only Highly strategic Ovoot Coking Coal Project positioned to unlock the Northern Mongolia mining 1 province 2 One of Mongolia’s largest coking coal JORC Reserves comprising 100% Chinese (FM) “Premium Fat Coal” Highly experienced Board of Directors supported by
Slide 14: Summary
SUMMARY World Class Coking Coal Projects | Strategic Infrastructure Owner For personal use only Priority One Belt One Road project 14 Aspire Mining Limited Investor Presentation
Slide 15: 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:
Slide 16: Strategic Financing Announced in August 2018
STRATEGIC FINANCING ANNOUNCED IN AUGUST 2018 Repositions Aspire to capitalise on strong met coal market from early For personal use only production via the OEDP Strategic Financing comprising of: Offer Structure & ❖ Cornerstone placement of $10.0 million to Mongolian substantial shareholder, Mr. T
Slide 17: Mongolia Economy
MONGOLIA ECONOMY “Private investment supported by Foreign Direct Investment and private sector credit will remain a key For personal use only driver for growth in the medium term, especially in the mining, manufacturing and transport services.” – JP Ngarou, World Bank Senior Economist for Mongolia (