Slide 1: Site Visit Presentation
Aspire Mining Limited For personal use only Site Visit Presentation ABN: 46 122 417 243 31 October 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 – Corporate Structure
Company Snapshot – Corporate Structure For personal use only Capital Structure (ASX:AKM) Share Price (LTM) Undiluted Diluted 1.20 60.0 6 Apr 2011 Share Price (24 October 11) $ 0.400 0.400 Final quality data Shares Outstanding m 620.5 929.12 confirms high Market Capitalisation $m 248.2 371.6 quality
Slide 4: Aspire's Strategic Investor Interest
Aspire’s Strategic Investor Interest For personal use only 19.9% 8.3% Interest Interest 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 25,000m drilling programme for 2011/12 Comprehensive Magnetics Programme Numerous targets within host Jurassic sediments 6
Slide 7: New Coal Seams Identified
New Coal Seams Identified For personal use only New area identified starting 4km from the edge of the existing resource Extends for 2km x 1km Drilled only 20% of the Ovoot Basin but have identified two coal resource areas. Both areas: • May link up • Opportunity for repeats in Basin • Drilling
Slide 8: 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 9: Indicative Ovoot Cross Section Showing Upper and Lower Seams
Indicative Ovoot Cross Section Showing Upper and Lower Seams For personal use only 9
Slide 10: Mongolian Peer Comparison by Attributable Resources
Mongolian Peer Comparison by Attributable Resources For personal use only Few listed Mongolian coal companies amid ongoing M&A activity AKM is the standout premium coking coal exposure +6,500 Mt 779 Subject to M&A activity 690 536 330 322 220 149 90 1 2,5 3 4 6 7 Typical Coking Hard and Semi Hard
Slide 11: Exceptional Deposit – Nearest to Surface and Highest % Coking
Exceptional Deposit – Nearest to Surface and Highest % Coking For personal use only 11
Slide 12: Exceptional Deposit – Highest Washing Yields and % Coking
Exceptional Deposit – Highest Washing Yields and % Coking = Highest In-Situ Value For personal use only 12
Slide 13: 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 14: 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 coking coal with superior blend carrying capacity • Within the ideal range for mid volatile hard coking coal and fat coal classifications
Slide 15: Ovoot Coal Quality Comparison
Ovoot Coal Quality Comparison For personal use only 15
Slide 16: Ovoot Coal Quality Comparison with Listed Mongolian Coking Coals
Ovoot Coal Quality Comparison with Listed Mongolian Coking Coals For personal use only 16
Slide 17: Strong Medium to Long Term Coking Coal Market Outlook
Strong Medium to Long Term Coking Coal Market Outlook For personal use only …coking coal demand was expected to grow from 942 million tonnes last year to 1.425 billion tonnes in 2025, representing a compound annual growth rate of 3%. Source: Australian Financial Review, “BHP will struggle to meet de
Slide 18: Large New Coking Coal Deposits Need to be Developed
Large New Coking Coal Deposits Need to be Developed For personal use only Source: BHP Billiton, Metallurgical Coal briefing Presentation 30 September 2011 18
Slide 19: 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 20: 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 21: Russian Coal Railway Routes
Russian Coal Railway Routes For personal use only Mongolian Mining Corp. trialled a rail shipment west to Poland in July 2011 Tavan Tolgoi trialled a rail shipment east to Vostochny in October 2010 Mongolian coal is an important new source of revenue for Russian Rail 21
Slide 22: Potential Routes to Coal Markets – rail access
Potential Routes to Coal Markets – rail access For personal use only Asian Importers of Coking Coal: Japan 53.6Mt1 Korea 19.2Mt1 Taiwan 5.3Mt1 78.1Mt Russian total Coking Coal Exports to Asian markets: 3.15Mt1 1. Source: Wood Mackenzie 2010 data 22
Slide 23: Ovoot Development Timeframe
Ovoot Development Timeframe For personal use only Note 1: In order for any development to proceed, a mining license needs to be received from the Mongolian Government, economic studies need to be completed and demonstrate positive returns, capital expenditure financed as well as receive approvals an
Slide 24: Summary
Summary For personal use only Ovoot … Is independent, strategic and 100% owned coking coal deposit located in Northern Mongolia Has a maiden 330 mt resource with strong exploration potential and resource growth from recent drill results Is a premium, high vitrinite, high fluidity coking coal
Slide 25: 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 Asp
Slide 26: Contact details
Contact details For personal use only Aspire Mining Limited ABN: 46 122 417 243 ASX Code: AKM Web: www.aspiremininglimited.com AUSTRALIA Level 2, Suite 20, 22 Railway Road Subiaco, Western Australia, 6008 MONGOLIA Sukhbaatar District, 1st Khoroo, Chinggis Ave-8 Social Insurance Department Building A