Aspire Mining Limited · ASX:AKM
Aspire Mining — Shareholder Meeting (November 2021)
19 slides from Aspire Mining's shareholder meeting presentation, Nov 30, 2021
Slide 1: Ovoot Coking Coal Project: AGM Presentation November 2021
ASPIRE MINING LIMITED For personal use only OVOOT COKING COAL PROJECT (“OCCP”) WORLD CLASS PROJECT PROVIDING BEST IN CLASS ESG OUTCOMES AGM PRESENTATION NOVEMBER 2021
Slide 2: Disclaimer Important Information
DISCLAIMER IMPORTANT INFORMATION For personal use only NATURE OF THIS DOCUMENT Although management believes that the assumptions made by the Company and the expectations represented by such information are reasonable, there can be no assurance that the forward-looking information will prove to be ac
Slide 3: Our Company Aim: Respect
OUR COMPANY AIM: RESPECT For personal use only Aspire aims to be a positive force for improving the lives and the environment in which it operates through: ▲ Respecting the environment and investing in sustainable energy sources for a secure future. ▲ Respect the local culture and support initiative
Slide 4: Asset Overview and Locations
ASSET OVERVIEW AND LOCATIONS Key Information For personal use only Ownership: ▪ Aspire (100%) Commodity: ▪ Premium “Fat” Coking Coal Mine Type: ▪ Open Pit JORC Reserves ▪ Reserves: 255Mt OVOOT & Resources1: ▪ Resources: 281Mt ▪ 51.4km2 tenement position Tenement Area: ▪ 30 Year Mining Licence grante
Slide 5: OCCP: Path to Production
PFS Extended Case Summary Physicals Unit Amount OCCP: PATH TO PRODUCTION Waste Mined M Bcm 253 Strip Ratio (incl. pre-strip) Bcm/t 4.7 Coal Mined Mt 53.8 For personal use only The OCCP is based on trucking coal to the nearest Average Yield (10% Moisture) % 85 railhead at Erdenet Coal Sold (net of
Slide 6: Planning for an Investment Decision in 2022
PLANNING FOR AN INVESTMENT DECISION IN 2022 For personal use only ▲ Development Delayed During Permitting Process • COVID delayed the holding of local community engagement meetings • These have now been held with strong local community support • Definitive Environmental Impact Assessment now with th
Slide 7: Pricing Cycle Supportive of New Mine Funding
PRICING CYCLE SUPPORTIVE OF NEW MINE FUNDING For personal use only 4500 Coking Coal Prices RMB/t (inc 13% VAT) 25th November 21 4000 3500 3000 2500 2000 1500 1000 500 01-Jul-19 01-Sep-19 01-Nov-19 01-Jan-20 01-Mar-20 01-May-20 01-Jul-20 01-Sep-20 01-Nov-20 01-Jan-21 01-Mar-21 01-May-21 01-Jul-21 01-
Slide 8: Exceptional Deposit: High Washing Yield & % Coking
EXCEPTIONAL DEPOSIT: HIGH WASHING YIELD & % COKING = HIGHEST IN-SITU VALUE PER TONNE & LOWEST STRIP RATIO = LOWEST MINE DIESEL CONSUMPTION/TONNE PRODUCT (Scope 1) For personal use only 90% 85% 80% Aspire (243Mt) 75% 70% Washing Yield 65% 60% Tavan Tolgoi 55% West Tsankhi (888Mt) UHG Mine Premium Cok
Slide 9: Volatile Matter: Rank vs Dilation
VOLATIVE MATTER: RANK vs DILATION For personal use only Ovoot coal is a rare mid-volatile coal with: Ovoot is the highest dilatation ► a rank (% Ro Max) in the hard coking coal range in the mid-vol range ► >95% vitrinite content ► exceptional dilatation (+260%), a significant contributor to coke str
Slide 10: Ovoot Has World Leading Caking & Plastic Properties
OVOOT HAS WORLD LEADING CAKING & PLASTIC PROPERTIES For personal use only Ovoot coal is best in class caking and plastic properties creating superior blending and coking efficiencies. ASPIRE MINING LIMITED | AGM PRESENTATION 10
Slide 11: Fat Coking Coal Improves Coke and Blast Furnace Efficiencies
FAT COKING COAL IMPROVES COKE AND BLAST FURNACE EFFICIENCIES For personal use only For Coke Ovens The exceptional plastic properties of Ovoot coal will see it used sparingly as a key component in coke oven blends (5-10%). In pilot coke oven testing, Ovoot coal showed that it can “carry” signific
Slide 12: Renewable Powered Electrification Initiatives to Reduce Emissions
RENEWABLE POWERED ELECTRIFICATION INITIATIVES TO REDUCE EMISSIONS For personal use only Mine Power Systems The Ovoot DFS will incorporate minesite power solutions focusing on wind and solar along with battery storage. On site wind monitoring to commence. Since the PFS power options study was c
Slide 13: Sustainable Development and the Community
SUSTAINABLE DEVELOPMENT AND THE COMMUNITY For personal use only Our sustainable development strategy and programs are in harmony with the following strategic documents that are enforced in Mongolia: ► UN Sustainable Development Fodder cropping over 200 ha to assist with local livestock and growth of
Slide 14: Social Local Community Benefits
SOCIAL LOCAL COMMUNITY BENEFITS Significant benefits can be extracted from the Ovoot project over the first ten years of For personal use only operations1 Breakdown of taxes and fees to be paid (USD) Local Economy Growth USD 33.1 million The Ovoot Project is estimated to provide USD 73.7 million u
Slide 15: Leadership in Governance
LEADERSHIP IN GOVERNANCE For personal use only In June 2019 and alongside other large Mongolian Mining Company’s, Aspire signed on to a voluntary charter of behavior, Miners for Responsible Mining. Main commitments include: ► Following high standards of Photo of signing ceremony. governance and tran
Slide 16: Policies and a Culture of Transparency
POLICIES AND A CULTURE OF TRANSPARENCY For personal use only Policy commitments consistent with UN charters and ASX rules and guidelines Board Approved Policies: ► Anti Corruption and bribery ► Whistleblower Protection ► Diversity ► Community Engagement ► Environment and Sustainability ASPIRE MINING
Slide 17: Environment Social Governance
ENVIRONMENT SOCIAL GOVERNANCE For personal use only ENVIRONMENT SOCIAL GOVERNANCE ► Using world class coal ► Funding infrastructure in ► Member - Mongolian processing technologies remote communities Alliance for Responsible to minimize water and ► Providing health and Mining. power usage. education
Slide 18: Looking Forward
LOOKING FORWARD For personal use only OCCP is the right Project among Coking Coal Developers to Proceed ❖ Robust financials and ESG outcomes Well-funded with A$34m in cash and no debt. • Support of major shareholder Mr Tserenpuntsag to develop mine. • Supportive Government Coking Coal Market i
Slide 19: Contact Details
CONTACT DETAILS For personal use only Aspire Mining Limited ABN: 46 122 417 243 ASX Code: AKM Web: www.aspiremininglimited.com Contact Persons David Paull Chairman Tel: +61 8 9287 4555 Archit Darambazar Managing Director Tel: +976 7011 6828 ASPIRE MINING LIMITED | AGM PRESENTATION 19