Slide 1: Developing the World Class Ovoot Coking Coal Project
ASPIRE MINING LIMITED For personal use only Developing the World Class Ovoot Coking Coal Project Northern Mongolia’s Role As A Supplier of Coking Coal Ovoot Early Development Project (OEDP) September 2018
Slide 2: Disclaimer | Important Information
Disclaimer | Important Information NATURE OF THIS DOCUMENT For personal use only This presentation has been prepared by Aspire Mining Limited (Aspire or the Company). The information is based on publicly available information, internally developed data and other sources. By receiving this presentati
Slide 3: Disclaimer | Important Information
Disclaimer | Important Information Assumptions have been made by the Company regarding, among other things: the price of coking coal, the timely receipt of required governmental approvals, the accuracy of capital and operating cost estimates, the completion of a feasibility study for the Nuurstei Pr
Slide 4: Company Snapshot
Company Snapshot Capital Structure Current Post A$15m Financing For personal use only Ordinary Shares on Issue 2.607m 3.319m 10.0% 2.3¢ 2.3¢ Share Price (ASX: AKM) (@30/8/18) Others Market Cap (undiluted) $60m $76m # 27.4% Shareholders: 42.8% Noble Group 2,935 Mr Tserenpuntsag Performance Rights 211
Slide 5: A$15M Financing Package
A$15M Financing Package For personal use only Funding Package Use of Funds - OEDP Mr Tserenpuntsag Ovoot Feasibility Study A$10M Road Permitting and Feasibility Study Noble Debt/Equity US$2.4M = A$3.3M A$15M Erdenet Terminal Follow-On Placement Working Capital A$1.7M (Minimum) (Pre Commitments A$2.1
Slide 6: Asset Overview and Locations
Asset Overview and Locations Ovoot Coking Coal Project (100%) ▪ 255Mt(2) high quality coking coal For personal use only reserve – second largest in Mongolia. ▪ Requires construction of Ovoot – Erdenet railway to reach 10 Mtpa. ▪ Studies commenced to start a Road Based operation while waiting for r
Slide 7: Ovoot Coking Coal Project 100%
Ovoot Coking Coal Project 100% Ovoot has a 247 Mt open pit reserve with a mine JORC Reserves & Resources design and Pre Feasibility Study confirming is can For personal use only Deposit Probable (Mt) Marketable (Mt) deliver up to 10 Mtpa of washed coking coal with rail. Ovoot Open Pit 247.0 182.0
Slide 8: Ovoot Project Background (100%)
Ovoot Project Background(100%) Aspire’s Ovoot Coking Coal Project in Northern Mongolia is the country’s second largest coking coal Reserve, after the For personal use only Government owned Tavan Tolgoi Mine. Ovoot Project Highlights (Rail Connected) Ownership 100% Aspire Mining Limited A Mining
Slide 9: Ovoot Early Development Project (OEDP)
Ovoot Early Development Project (OEDP) For personal use only Permitting to be undertaken alongside rail pre development works for DEIA and land access agreements Aspire Mining Limited Investor Presentation 9
Slide 10: Ovoot Early Development Project (OEDP)
Ovoot Early Development Project (OEDP) For personal use only 10 Aspire Mining Limited Investor Presentation
Slide 11: Erdenet – Ovoot Road to Follow Rail Path
Erdenet – Ovoot Road to Follow Rail Path For personal use only Aspire has secured a 12 month option to acquire a 10 hectare rail siding adjacent to the Erdenet Rail Station. Siding can be developed into a stockpile area that could support a substantial coal terminal. Existing rail infrastructu
Slide 12: Two of Mongolia's Highest Quality Coking Coals
Two of Mongolia’s Highest Quality Coking Coals Ovoot coal is capable of upgrading thermal, oxidised and low quality coking coals to saleable coking coal For personal use only Key Comments Ovoot Coal Blending to Upgrade Lower Ranking Coals ▪ Ovoot coal is classified as a Chinese (FM) “Premium Fat Coa
Slide 13: Mongolia Map to Markets
Mongolia Map to Markets For personal use only Page 13 Aspire Mining Limited Investor Presentation
Slide 14: Multiple Paths to Market
For personal use only Multiple Paths to Market Aspire Mining Limited Investor Presentation 14
Slide 15: Northern Mongolia's Role as a Supplier of Coking Coal
Northern Mongolia’s Role as a Supplier of Coking Coal For personal use only Supplies from: • Aspire’s – Ovoot + Nuurstei • Mogoin Gol JSC (MSE listed) Export to: • Markets available to the north west, south and north east Products: • “Fat” Coking coal with high fluidity and high caking (from O
Slide 16: Ovoot Coking Coal Project Path to Development
Ovoot Coking Coal Project Path to Development For personal use only Multiple Strategic benefits available to Aspire if it can commence road based delivery of Ovoot Coking Coal pre rail: • Reduces marketing risk pre rail to secure large volume markets and customers. • Increases Aspire’s ability to
Slide 17: Contact Details
Contact Details For personal use only 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: