Slide 1: Aspire Mining Limited Investor Presentation - September 2011
Aspire Mining Limited For personal use only Investor Presentation - September 2011 ABN: 46 122 417 243
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 – Corporate Structure
Company Snapshot – Corporate Structure For personal use only Capital Structure (ASX:AKM) Share Price (LTM) Undiluted Diluted 1.20 50.0 6 Apr 2011 Share Price (13 September 11) $ 0.570 0.570 Final quality data Shares Outstanding m 540.0 849.22 confirms high quality Market Capitalisation $m 307.8 484.
Slide 4: Aspire’s Strategic Investor Interest
Aspire’s Strategic Investor Interest For personal use only 20.1% 9.5% Interest Interest (Oct 2010) (Mar 2011) 4
Slide 5: Projects
PROJECTS For personal use only Project Locations Project Interests Ovoot Coking Coal Project (100%) Jilchigbulag Coal Project (100%) Nuramt Coal Project (100%) Shanagan Joint Venture (51% Earn in) Zavkhan Iron Ore Project (Earning 70%) 5
Slide 6: Ovoot – Geology and Tenement Plan
Ovoot – Geology and Tenement Plan For personal use only Project Tenement and Geology +500sqkm project area 10,000m drilling programme for 2011 Comprehensive Magnetics Programme Numerous targets within host Jurassic sediments 6
Slide 7: Ovoot JORC Resource & Coal Seam Stratigraphy
Ovoot JORC Resource & Coal Seam Stratigraphy For personal use only 93% of Resource Tonnes are located in the Upper and three plies of the Lower Seam JORC Resource Above 250m Below 250m Total Depth Depth 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
Slide 8: Mongolian Coking Coal Deposits – Measured and Indicated Resources
Mongolian Coking Coal Deposits – Measured and Indicated Resources For personal use only Source: Mongolian Mining Corp Location Plan of Deposits Total Resource including Inferred resources is 330.7mt Notes: (1) Tavan Tolgoi deposit; data from public sources (2) Ukhaa Khudag deposit; In accordance wit
Slide 9: Ovoot Cross Section – Starter Pit
Ovoot Cross Section – Starter Pit For personal use only 9
Slide 10: Ovoot Indicative Product Quality & Fluidity Properties
Ovoot Indicative Product Quality & Fluidity Properties For personal use only Yield % IM % Ash % Volatiles CSN Sulphur % % Indicative Washed Coal 80% 0.6% 8% 25 - 28% 8-9 1% Quality • Air dried basis • Above table based on R.D. 1.4 cut for all 7 sample batches from the 2010 Exploration Programme • IS
Slide 11: An Attractive, High Quality, Globally Competitive Product
An Attractive, High Quality, Globally Competitive Product For personal use only Coal marketing experts Wood Mackenzie describe Ovoot coal as: • A strongly caking hard coking coal with superior blend carrying capacity • Within the ideal range for mid volatile hard coking coal and fat coal classificat
Slide 12: Ovoot Coal Quality Comparison
Ovoot Coal Quality Comparison For personal use only 12
Slide 13: 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
Slide 14: Catalyst for Development of Northern Mongolia
Catalyst for Development of Northern Mongolia For personal use only Rail Connection to Moron will Provide Enormous Benefits for Northern Mongolia: • Will utilize underused rail capacity on the TMR heading north • Provide job opportunities - 125,000 people in Khuvsgul Province - Well educated but hig
Slide 15: For personal use only
INSETA KR To Western Europe: St PETERSBURG } ms y, UST’-LUGA nb : 5,910km Nuramt, .--MORON anne BMbdilchigbulag eae ~ ne OVOOTCOKING| TOERDENET COAL DEPOSIT | / @Moscow ; To Ukraine & Eastern Europe TAGANROG ‘mms 5, 240k TAUPSE 56 ra To Western Europe Kuzbass Basin paul . VANINO LOKOT’ 2,850kmn 2,16
Slide 16: Potential Routes to Coal Markets – rail access
Potential Routes 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, CY20
Slide 17: Ovoot Stage Development Timeframe
Ovoot Stage 2 Development Timeframe For personal use only 17
Slide 18: Summary – Ovoot Coking Coal Project
Summary – Ovoot Coking Coal Project For personal use only • Large 330 mt resource – thick seams • High Quality Coking Coal • Potential Large Production of up to 12 mtpa • High Washing Yields • High Production Open-pit • Many Alternative Paths to the Seaborne Markets and China Catalyst for Developmen
Slide 19: 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 20: Contact details
Contact details For personal use only Aspire Mining Limited ABN: 46 122 417 243 ASX Code: AKM Web: www.aspiremininglimited.com AUSTRALIA Unit 2, 454 Roberts Road, Subiaco, Western Australia, 6008 MONGOLIA Sukhbaatar District, 1st Khoroo, Chinggis Ave-8 Social Insurance Department Building Altai Towe