Aspire Mining Limited · ASX:AKM
Aspire Mining — Mines & Money Hong Kong 2013
17 slides from Aspire Mining's conference presentation, Mar 20, 2013
Slide 1: Ovoot Coking Coal Project
For personal use only Ovoot Coking Coal Project Presentation to Mines & Money, Hong Kong 20 March 2013 June 2010 1
Slide 2: Important Information
Important Information For personal use only •Nature of this document: This document has been prepared by Aspire Mining Limited (“Aspire”, “AKM”, or the “Company”) and contains summary information about the Company and its subsidiaries as at the date of release of this document. The information in th
Slide 3: Company Snapshot – Corporate Structure
Company Snapshot – Corporate Structure For personal use only Capital Structure (ASX:AKM) Board of Directors • David McSweeney (Non-Exec Chairman) – lawyer by training and has over Undiluted Diluted 20 years experience in the resources sector ranging from exploration to project Share Price (5 Mar 13)
Slide 4: Significant Mongolian Coal Projects
Significant Mongolian Coal Projects For personal use only 4
Slide 5: An Update on the Investment Climate in Mongolia
An Update on the Investment Climate in Mongolia For personal use only Foreign Investment Law Oct 12: The Mongolian Minister for Economic Development announced that the Foreign Investment Law would be considered for revision in particular the threshold triggering Government approval for foreign inv
Slide 6: An Update on the Investment Climate in Mongolia cont.
An Update on the Investment Climate in Mongolia cont. For personal use only Minerals Draft Law President Tsakhia Elbegdorj recently held private meeting with various members of Mongolian business, government, academia, mining industry to discuss and hear views on the current Draft minerals law.
Slide 7: Ovoot - Second Largest Coking Coal Reserve in Mongolia
Ovoot - Second Largest Coking Coal Reserve in Mongolia For personal use only Mongolian Coking Coal Reserves Large 400 350 300 250 219 Mt 200 Mt 139 Mt 150 122 Mt 111 Mt 100 50 0 Tavan Tolgoi: Aspire - Ovoot MMC - UHG SouthGobi - MMC - Baruun West Tankshi Ovoot Tolgoi Naran Source: Company website, C
Slide 8: Exceptional Deposit – High Washing Yield and % Coking
Exceptional Deposit – High Washing Yield and % Coking = Highest In-Situ Value per tonne For personal use only 8
Slide 9: Ovoot PFS Revision Financial Highlights
Ovoot PFS Revision Financial Highlights For personal use only OPEX • Average operating cost ex mine gate US$36/t for Life of Mine • Average operating cost estimated at US$115/tNote1 for Life of Mine • 0-5 Years: Average operating cost to deliver coal to China US$91/tNote1 Mine CAPEX Requirements S
Slide 10: A Comparison of C1 + Royalty Costs
A Comparison of C1 + Royalty Costs For personal use only US$/t Sources: BHP Half Year and Full Year Financial Reports and Supplementary Statements for periods reported for six months ended Dec 2010 to six months ended Dec 2012; Queensland Government, Office of State Revenue, Royalty Rates; Aspire Mi
Slide 11: VITROCOAL: Low Ash, High Fluidity Coking Coal
VITROCOAL Low Ash, High Fluidity Coking Coal For personal use only Indicative Ovoot Washed Ovoot Coking Coal displays High Coking Coal Specification fluidity and plastic properties Moisture 9% An ideal blend coking coal indicated by industry leading Gray- Ash 9% King Index and Rank Volatiles 25-
Slide 12: Chinese Blending Coal Requirements
Chinese Blending Coal Requirements For personal use only Sources: AME Group, “Coking Coal Market Outlook” presentation to Coaltrans Conference Brisbane dated August 2011 12
Slide 13: Northern Railways LLC
Northern Railways LLC Subsidiary of Aspire Mining For personal use only • Focused on infrastructure to connect Ovoot to Erdenet • Stand alone Special Purpose Vehicle to: - Apply for BOOT (Build Own Operate Transfer) rail concession - Manage EPC contractors - Raise required funds through issuing debt
Slide 14: Potential Routes to Coal Markets – Rail Access
Potential Routes to Coal Markets – Rail Access For personal use only Asian Importers of Metallurgical Coal: Japan 71.5Mt1 Korea 25.8Mt1 Taiwan 5.5Mt1 102.6Mt Russian total Metallurgical Coal Exports to Asian markets (incl. China): 7.6Mt1 1. Source: TEX Report, 2012 data. 14
Slide 15: Steps to Develop the Ovoot Project
Steps to Develop the Ovoot Project For personal use only Focus Areas over coming 12 months Progress small scale pre-rail trucking option Commence discussions with potential customers Identify a suitable Strategic Partner or Partners Complete Bankable Feasibility Study for both Ovoot Mine and
Slide 16: Competent Person Statement
Competent Person Statement For personal use only Competent Persons Statement In accordance with the Australian Securities Exchange requirements, the technical information contained in this announcement in relation to the JORC Compliant Coal Reserves and JORC Compliant Coal Resource for the Ovoot Cok
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 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