Slide 1: Aspire Mining Limited – CIS Coal Summit Presentation
For personal use only Aspire Mining Limited CIS Coal Summit ‐ Presentation Investor Presentation May 2011
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
Slide 3: Company Snapshot
For personal use only Company Snapshot
Slide 4: Company Overview - Corporate
Company Overview ‐ Corporate For personal use only Capital Structure (ASX:AKM) Share Price (LTM) Undiluted Diluted $1.20 60.0m Share Price (17 May 11) $ 0.700 0.700 6 Apr 2011 Shares Outstanding m 540.0 849.22 Final quality data confirms high quality Market Capitalisation $m 378.0 594.4 coking coal
Slide 5: Project Locations
Project Locations For personal use only Project Locations Project Interests Ovoot Coking Coal Project (100%) Nuramt Coal Project (100%) Jilchigbulag Coal Project (100%) Shanagan Joint Venture (51% Earn in) Zavkhan Iron Ore Project (Earning 70%) 5
Slide 6: High Quality Key Project
For personal use only High Quality Key Project
Slide 7: Ovoot Coking Coal Project (100%)
Ovoot Coking Coal Project (100%) For personal use only Project Seismic Plan Hurimt JORC Resource area Large >500 km2 tenement position Aspire has approved a 10,000 metre drill programme for Ovoot in 2011 Over 200 line kilometres of seismic approved Zuun Del Prospect 7
Slide 8: Ovoot Existing JORC Compliant Resource
Ovoot Existing JORC Compliant Resource For personal use only Above 250m Depth Below 250m Depth Total Measured 70.4 22.9 93.3 Indicated 135.0 47.4 182.4 Inferred 41.9 13.1 55.0 Total 247.3 83.4 330.7 More than 80% of the resource is in the ‘Measured’ and ‘Indicated’ categories 75% of resource sit
Slide 9: Ovoot Coal Seam Stratigraphy
Ovoot Coal Seam Stratigraphy For personal use only 93% of Resource Tonnes are located in the Upper and three plies of the Lower Seam July 2010 9
Slide 10: Ovoot Coking Coal Project: World Class Fluidity Properties
Ovoot Coking Coal Project: World Class Fluidity Properties For personal use only Gray‐King Coke Type G11 – G12 Maximum Fluidity (log ddpm) 3.67 Plastic Range 106oC Max. Contraction % 35% Max. Dilation % 250% 10
Slide 11: Indicative Product Quality (Washed Coal)
Indicative Product Quality (Washed Coal) For personal use only IM % Ash % Volatiles % CSN Sulphur % P% Indicative 0.6% 9% 25 ‐ 27% 8.5 ‐ 9 1% 0.05% Washed Coal Quality • Air dried basis • Above table based on R.D. 1.4 cut for all 7 sample batches from the 2010 Exploration Programme • ISO Coal Classi
Slide 12: Ovoot Development Scenario
Ovoot Development Scenario For personal use only DSO Constraints Production Stage 0.5 – 1 Mtpa Road capacity 2012 1 limited Large Scale Project Constraints Production Stage • 10.5 Mtpa Requires Ovoot to 2016 2 • Wash Plant Required Erdenet Rail line 12
Slide 13: Jilchigbulag Project
Jilchigbulag Project For personal use only 2.5km2 exploration tenement adjacent to existing coal mine Initial 1,500m drilling programme to commence in June 2011 Existing Coal Mine 13
Slide 14: Strategic Investor Interest
For personal use only 19.9% 8.6% Interest Interest Strategic Investor Interest
Slide 15: Proximity to Key Coal Markets
For personal use only Proximity to Key Coal Markets
Slide 16: Proximity to Coal Markets – rail access
Proximity to Coal Markets – rail access For personal use only 16
Slide 17: Proximity to Key Coal Markets
Proximity to Key Coal Markets For personal use only … Commencing at the Erdenet Rail Siding 17
Slide 18: Proximity to Coal Markets – China
Proximity to Coal Markets – China For personal use only Ovoot Inner Mongolia Liaoning Hebei Shandong Jiangsu Chinese Coking Coal Imports by Province Map: Largest Provincial Importers of coking coal Source: China Coal Resource, Shanxi Fenwei Energy Consulting 18
Slide 19: Main Chinese Coking Coal Imports by Sources
Main Chinese Coking Coal Imports by Sources For personal use only Source: China Coal Resource, Shanxi Fenwei Energy Consulting 19
Slide 20: Proximity to Coal Markets – rail access
Proximity to Coal Markets – rail access For personal use only Asian Importers of Coking Coal: Japan 53Mt1 Korea 18.6Mt2 Taiwan 4Mt3 75.6Mt Russian total Coking Coal Exports to Asian markets: 4.3Mt2 1. Source: UBS Investment Research, 11 April 2011: UBS Global I/O: Commodity Price Review, CY2010 data
Slide 21: Significant Value Upside
For personal use only Significant Value Upside
Slide 22: Ovoot Production Target – Stage Project
Ovoot Production Target – Stage 2 Project For personal use only Major new Quality Coking Coal Supply source Indicative ROM ------------------------------- 15Mtpa Target Mine Life ------------------------------- +20years Assumed Yield --------------------------------- 70% Coking Coal Production
Slide 23: Production Comparisons – Independent Coking Coal Peers
Production Comparisons – Independent Coking Coal Peers For personal use only Market Cap. Resource ROM Target Coking Coal (mt) (tpa) Production (mtpa) Aspire Mining US$535 M 330.7 15 10.5 Mongolian Energy Corp US$1.5 B 149 8 5.8 New World Resources US$2.9 B 396 N/R 5.3 Mongolian Mining Corp US$4.4 B
Slide 24: Competent Person Statement
Competent Person Statement For personal use only In accordance with the Australian Securities Exchange requirements, the technical information contained in this announcement in relation to the Ovoot Coking Coal Project in Mongolia has been reviewed by Mr Neil Lithgow –Non Executive Director for Aspi
Slide 25: 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) 407 225 291 Email: david@aspiremininglimited.c