Aspire Mining Limited · ASX:AKM

Aspire Mining — Investor Presentation (March 2011)

24 slides from Aspire Mining's investor presentation, Mar 2, 2011

1. Slide 1: Aspire Mining Limited Investor Presentation March 2011

   For personal use only Aspire Mining Limited Investor Presentation March 2011

2. Slide 2: Forward Looking Statements & Disclaimer

   Forward Looking Statements & Disclaimer For personal use only Forward Looking Statements Certain statements in the presentation are or may be “forward‐looking statements” and represent the Company’s intentions, projections, expectations or beliefs concerning among other things, future exploration ac

3. Slide 3: Introduction

   Introduction For personal use only  Corporate Strategy • To become the pre‐eminent independent coking coal miner in Mongolia  Ovoot Coking Coal Project (100%) – A High Quality Strategic Asset • Maiden JORC‐compliant coal resource of 330.7 mt • Raw coal analysis /initial washing tests indicate a hi

4. Slide 4: Company Snapshot

   For personal use only Company Snapshot

5. Slide 5: Company Overview - Corporate

   Company Overview ‐ Corporate For personal use only Capital Structure (ASX:AKM) Share Price (LTM) Undiluted Diluted $0.90 80.0m 14 Jan 11 Share Price (10 Feb 11) $ 0.650 0.650 First Washing Shares Outstanding m 534.7 836.72 Yield Data Market Capitalisation $m 347.6 543.8 $0.80 70.0m Options on Issue

6. Slide 6: Experienced Board

   Experienced Board For personal use only Board Members David McSweeney LLB, MAICD ‐ Chairman  Over 20 years experience in the resources sector  A founder of Gindalbie Metals Ltd and was the Managing Director from 1998 until December 2006 David Paull B.Com, FSIA, MBA (Cornell) ‐ Managing Director 

7. Slide 7: Project Locations

   Project Locations For personal use only Project Locations Project Interests  Ovoot Coking Coal Project (100%)  Nuramt Coal Project (100%)  Jilchilibag Coal Project (100%)  Shanagan Joint Venture (51% Earn in)  Zavkhan Iron Ore Project (Earning 70%) Ovoot JORC Resource 7

8. Slide 8: Strategically located – close to China

   Strategically located – close to China For personal use only China is ‘here to stay’ as a coal importer China coking coal imports by source • Chinese coal demand continues to grow 5‐8% per year • Domestic resource quality is reducing rapidly – only around 25% of remaining coking coal resources shall

9. Slide 9: SouthGobi Transaction

   For personal use only SouthGobi Transaction

10. Slide 10: Placement & Strategic Partnership

    Placement & Strategic Partnership For personal use only 19.9% placement to SouthGobi with top up rights to 1. maintain holding at this level Funds being used to fast-track exploration & development 2. of Ovoot Coking Coal Project Listing TSX, HKEx Strategic partnership to provide technical & logisti

11. Slide 11: Asset Overview

    For personal use only Insert pic Asset Overview

12. Slide 12: Ovoot

    Ovoot Coking Coal Project For personal use only Project Summary Project Location  100% owned by Aspire  Maiden 330.7 mt JORC coal resource  Large +500 km2 tenement position  Less than 10% of total project area JORC Resource explored to date  Recent raw coal quality tests confirmed presence of h

13. Slide 13: Ovoot Maiden JORC Coal Resource

    Ovoot Maiden JORC Coal Resource For personal use only Category Non Oxide (mt) Oxide (mt) Total (mt) Measured 93.3 ‐ 93.3 Indicated 182.4 ‐ 182.4 Inferred 30.4 24.6 55.0 Total 306.1 24.6 330.7  More than 80% of the resource is in the ‘Measured’ and ‘Indicated’ categories  75% of resource sits above

14. Slide 14: Results Highlight Future Resource Growth

    Results Highlight Future Resource Growth For personal use only 14

15. Slide 15: Ovoot Raw Coal Quality Data Update

    Ovoot Raw Coal Quality Data Update For personal use only IM % Ash % Volatiles % Sulphur % CSN Energy Kcal\kg Raw Coking Coal 0.6% 19.5% 27.1% 1.1% 7.7 6,618 Quality (In Situ)  All results on air dried weighted average basis for raw coal samples  Data based on 18 holes and 221 samples  Further 119

16. Slide 16: Ovoot - 2011

    Ovoot Coking Coal Project ‐ 2011 For personal use only Exploration  10,000 metre drilling program underway Feb 2011‐June 2011  Expected to boost resource base  200 line kilometres of 2–D seismic Other Studies  Geotechnical  Hydrological  Base line environmental  Large diameter holes for bulk

17. Slide 17: Other Exploration Projects - 2011

    Other Exploration Projects ‐ 2011 For personal use only March Qtr June Qtr September Qtr December Qtr Nuramt Coal Project Seismic Follow up Drilling Shanagan JV Seismic and Mapping Drilling Jilchilibag Coal Project Seismic – Drilling Zavkhan Iron Ore JV Trenching and Mapping Drilling Resource Calcul

18. Slide 18: Feasible Rail Path Identified

    Feasible Rail Path Identified For personal use only Commentary Potential Rail Route  Calibre Rail has reviewed a number of rail options to connect Ovoot to coal export markets  Multiple potential users of rail between Moron and Erdenet  Rail path analysis identified a preferred and feasible: • 16

19. Slide 19: Northern Mongolian Rail Alliance

    Northern Mongolian Rail Alliance For personal use only  Northern Mongolian Rail Alliance (“NMRA”) established to drive support for funding rail link between Moron and Erdenet  Apart from Ovoot Coking Coal Project there are many other Projects near Moron which would benefit from a rail link to Erde

20. Slide 20: Rail to Access Multiple Markets

    Rail to Access Multiple Markets For personal use only Commentary Focusing on Multiple Markets Multiple markets can be accessed via rail:  North through Trans Siberian Railway (TSR) to Japan and Korea  North through TSR and Trans Manchurian Rail to Northern China  South to China North Asian market

21. Slide 21: Summary

    For personal use only Summary Insert pic

22. Slide 22: Summary

    Summary For personal use only  Maiden JORC coal resource of 330.7mt Ovoot Coking  New coking coal province emerging in Northern Mongolia Coal Project  Only 10% of the existing project area explored to date (100%)  2011 exploration programme expected to substantially grow resource  Coal quality

23. Slide 23: Competent Person Statement

    Competent Person Statement For personal use only In accordance with the Australian Stock Exchange requirements, the technical information contained in this announcement in relation to the Ovoot Coking Coal Project in Mongolia has been reviewed by Mr Kerry Griffin – Country Manager of Aspire Mining L

24. Slide 24: Contact details

    Contact details For personal use only Aspire Mining Limited ABN: 46 122 417 243 ASX Code: AKM Unit 2, 454 Roberts Road, Subiaco, Western Australia, 6008 Web: www.aspiremininglimited.com David Paull : Tel : +61 8 9381 1995 Managing Director Mob : +61 (0) 407 22 5291 Email: david@aspiremininglimited.c

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