Aspire Mining Limited · ASX:AKM
Aspire Mining — Shareholder Meeting (November 2018)
14 slides from Aspire Mining's shareholder meeting presentation, Nov 28, 2018
Slide 1: Aspire Mining Limited - Fast-tracking the World Class Ovoot Coking Coal Project
ASPIRE MINING LIMITED Fast-tracking the World Class Ovoot Coking Coal Project AGM 28 November 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 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 Area: ▪ 1 Mining Lice
Slide 4: Company Snapshot
COMPANY SNAPSHOT Capital Structure Current Post Strategic Financing Board of Directors Ordinary Shares on Issue 2,608m 3,346m David Paull Executive Chairman Share Price (Placement Price) $0.021 $0.021 Gan-Ochir Zunduisuren Executive Director Market Cap (undiluted)1 $54.8m $70.3m Neil Lithgow Non-Exe
Slide 5: Leading Strategic Partners
LEADING STRATEGIC PARTNERS Partnerships highlight Ovoot’s strategic value and its 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 provider in Mongolia, e
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 Mtpa of available rail capacity Overview Key Benefits Low ash, high yielding “starter” open pit Transforms Aspire into a globally significant identified within the existing Ovoot oreb
Slide 7: Favourable Coal Market Fundamentals
FAVOURABLE COAL MARKET FUNDAMENTALS Key Themes Price Outlook for Benchmark HCC 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 no reinvestment 250 210
Slide 8: Ovoot Project Overview
OVOOT PROJECT OVERVIEW 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 Acquired EL in 2010 10
Slide 9: Ovoot Project Outline
OVOOT PROJECT OUTLINE 100% ownership of a major coking coal basin “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” AspireMining Aspire MiningLimited Limited Investor AGM Prese
Slide 10: Exceptional Coking Coal Quality
EXCEPTIONAL COKING COAL QUALITY 100% Chinese (FM) “Premium Fat Coal” with high fluidity and plastic properties 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 quality coking coals to
Slide 11: No Mongolian Discount if Location and Quality Comparable
NO MONGOLIAN DISCOUNT IF LOCATION AND QUALITY COMPARABLE 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 Washed Coal HCC CFR Tangs
Slide 12: Investment Highlights
INVESTMENT HIGHLIGHTS 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 key Mongolian shareho
Slide 13: Summary
SUMMARY World Class Coking Coal Projects | Strategic Infrastructure Owner Priority One Belt One Road project 13 AspireMining Aspire MiningLimited Limited Investor AGM Presentation Presentation
Slide 14: Contact Details
CONTACT DETAILS 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: +61 8 9287 4555 Ulaan