Slide 1: Developing World Class Coal Deposits - Ovoot Coking Coal Project
i AG 1 Developing World Class Coal Deposits Ovoot Coking Coal Project - Mongolia March 2010
Slide 2: Disclaimer
Aspire Mining Limited The purpose of this presentation is to provide general information about the Ovoot Coking Coal Project. Unless otherwise stated herein, the information in this presentation has been based on information provided by the Vendor of the Project. Certain statements in the presentati
Slide 3: Transforming Acquisition of Ovoot Coking Coal Project
Aspire Mining Limited Transforming Acquisition of Ovoot Coking Coal Project “* Completed 13 February 2010 * Company’s name changed to Aspire Mining Limited e ASX Code changed from “WKR” to “AKM” ° Capital Structure Post Acquisition: Issued Capital : 375 million shares (Market Cap $30m @8c) Options G
Slide 4: Indications of a potentially large high quality Coking Coal project
Aspire Mining Limited Indications of a potentially large high quality Coking Coal project Existing envelope of 3 kms x 1- 1.5 kms Seam thicknesses of 6 —- 40m Shallow dipping coal Infill drilling required to establish JORC Compliant Resources Test work data ranks Ovoot as a quality hard coking coal,
Slide 5: Acquisition terms for the Ovoot project
Aspire Mining Limited ¢ AKM has purchased 100% of the shares of “KK” a _ Mongolian registered company which owns the Ovoot Coking Coal Project: > Deferred consideration of USS$3 million payable by 12 February 2011 > Minimum USS1m to be spent on Ovoot within 12 months > In the event that less than 10
Slide 6: Structurally Higher Prices - HCC Premium
Aspire Mining Limited 400 2.0 350 | a= SPOt HCC 300 | Hee 2 mm CI | 3 250 +- ___sscc 3 200 150 J f L 100 +4 S £ 50 + 0 T T T T T T T T 6.0 _ ae — oOo <= i<o] ~~ co ma 2222 2238 = 8855388 A7-> Ss38S247 8 §23S5 885 Source: CRU, UBS Research (includes forecasts) Source: China Customs, Tex Report Struct
Slide 7: Strategy
Aspire Mining Limited ye N Ri ASPIRE STEELE LTD ° Strategy > Preparation of JORC Compliant Resources within 12 months of settlement » Targeting a potential large scale project to justify large infrastructure investment particularly in rail > Team of experts being assembled > Initial 4,000m drilling
Slide 8: Ovoot Coking Coal Project location
Aspire Mining Limited Russia ~ Ovoot Irkutsk ING | Coking Coal Project e Vn, Kazakhstan Ulaanbaatar Urumqi Mongolia Eee e | Kyrgyzstan — Baotou pe aS hes Korea™ 2 n -Seoul hos Bi Korea Lahore» \ at e Wh “~~ anghai fh Delhi’ “4 ~ ¢ be . f x Taped ° india r i e@ a at eo Hong } Kong) ze. 7s "7 - e 4 ‘e
Slide 9: Project geology map
Aspire Mining Limited EE, Legend © Previous Drilling LA Potential Basin |_| Project Area 1 . Lease Boundary Quarternary Cover Outcrop of Coal Host Sediment = Limestone | Unclassified Sediments “Lo. Intrusives SI March 2010
Slide 10: 2008 Exploration Results
2008 Exploration Results > 8holes drilled from 79m to 520m depths > Aholes discovered \ 6 — 40m thick coal in two seams 1} > 28 Samples analysed at SGS Tian Jin
Slide 11: Cross section along drill holes
Aspire Mining Limited 4-B lines cross section along drill holes Scale: horizontal 1:10,000 vertical 1:5,000 No Content DH200 DH201 DH202 DH203 DH204 DH205 DH206 DH207 1 | Drill Hole Length (m) 178 196 82 418 200.5 148 148 520 2 | Coal Interval (m) 121-141.8 133-163 301-326 | 140.5-146.5 3 | Coal Thi
Slide 12: For personal use only
For personal use only
Slide 13: Inspection of adjacent Mogoin Gol Coal Mine
Inspection of adjacent Mogoin Gol Coal Mine Ovoot Project are the down dip extensions of same seam
Slide 14: Coal Quality Comparisons
Aspire Mining Limited » ASPI MINING Coal Quality Coal Measures | Ovoot Moatize | German Peak Compa risons Raw Data Creek Downs > Low moisture, high CSN 8- 8.5 8.5 8 8.5 vitrinite levels and high reflectance levels = high Vitrinite Levels | 91% 81% rank HARD Coking Coal (% by vol) » Comparisons used
Slide 15: Rail
Aspire Mining Limited ° Rail > Rail options being investigated > National Transport Strategy recommends extension to Moron > Burenkhaan (200mt) Phosphate Deposit near Moron a significant potential customer > Trans Siberian option provides high capacity and efficient Russian gauge rail to wide custom
Slide 16: Well located near major customers
Aspire Mining Limited > > > > ne Well located near major Cape Size Freight US$\t customers China, Korea and Japan 120 - Brazil to Japan/China Gives Mongolian sourced coal 100 seiaieeieniann or tunes a freight advantage 80 Shipping costs can fluctuate B 60 significantly a Long shipping supply chains
Slide 17: Mining approach and open pit access
to be accessible by open pit > Seams start at 120m depth but good thicknesses and some unconsolidated overburden > Manageable strip ratios subject to thicknesses being as anticipated ° Thick seams, modest dip for later high productivity UG ° High quality insitu metallurgy suggests high product washi
Slide 18: Board of Directors
Aspire Mining Limited FEE a ee ° David McSweeney LLB, MAICD - Chairman pe ee > Over 20 years experience in the resources sector, a founder of Gindalbie Metals, Executive Chairman of Avalon Minerals Ltd, Non Executive Director of Bauxite Resources Ltd ¢ David Paull B.Com, FSIA, MBA (Cornell) Executiv
Slide 19: Summary
Aspire Mining Limited y—_N Summary Indications of a potentially large high quality Coking Coal discovery Existing envelope of 3kms x 1- 1.5kms Seam thicknesses of 6 —- 40m Requires infill drilling to establish a JORC Compliant Resource Raw data ranks Ovoot as a quality hard coking coal although ash
Slide 20: Competent Person statement
Aspire Mining Limited The information pertaining to the technical content of this announcement has been reviewed by Mr Neil Lithgow, who is a member of the Australian Institute of Mining and Metallurgy. Mr Lithgow has sufficient experience in collating and reviewing information relevant to the style
Slide 21: For personal use only
For personal use only