Aspire Mining Limited · ASX:AKM
Aspire Mining — Windy Knob Resources — Investor Presentation (December 2009)
20 slides from Aspire Mining's investor presentation, December 2009
Slide 1: Windy Knob Resources Limited - Developing World Class Coal Deposits
Windy Knob Resources Limited (ABN 46 122 417 243) Developing World Class Coal Deposits Ovoot Coking Coal Project - Mongolia December 2009
Slide 2: Disclaimer
Windy Knob Resources Disclaimer The purpose of this presentation is to provide general information about the Ovoot Coking Coal Project. Unless otherwise stated herein, the information in this presentation has been based on information provided by the Vendor of the Project. Certain statements in the
Slide 3: Ovoot Coking Coal Project Executive Summary
Windy Knob Resources Ovoot Coking Coal Project Executive Summary • Indications of a potentially large high quality Coking Coal discovery • Existing envelope of 3kms x 1- 1.5kms x seam thicknesses of 6 – 40m • Infill drilling required to establish JORC Resources • Metallurgical data ranks Ovoot as a
Slide 4: Deal Terms
Windy Knob Resources Deal Terms • WKR agrees to purchase 100% of the shares of “KK” which owns the Ovoot Coking Coal Project for: – US$0.8m and 150 million shares and 50 million options exercisable at 5c within 5yrs from settlement – US$ 3m within 12 months – Minimum US$1m to be spent on Ovoot in 12
Slide 5: Associated Funding
Windy Knob Resources Associated Funding • WKR has agreed to a $2.65m placement to fund the purchase and exploration activities: – Fully underwritten placement of 100 million shares at 2.65c with a 1 for 2 free attaching option to interests associated with the incoming Directors – Above options have
Slide 6: Ovoot Coking Coal Project Strategy
Windy Knob Resources Ovoot Coking Coal Project • Strategy – Settlement\Shareholders Meeting January 2010 – Spend a minimum of US$ 1m in first 12 months – Drilling to commence March 2010 Quarter – Preparation of JORC Compliant Resources within 12 months of settlement – Targeting a potential large sca
Slide 7: Ovoot Location
Windy Knob Resources Ovoot Location
Slide 8: Ovoot Location – Cont'd
Windy Knob Resources Ovoot Location – Cont’d Khuvsgul Province – Two Project Areas • Ovoot - Three leases 510.4km2 • Three additional leases - 214km2 in untested coal basins
Slide 9: Regional Geology
Windy Knob Resources Regional Geology Potentially Very Large Basin 96.3km2 173.2km2
Slide 10: Drilling Results To Date
Windy Knob Resources Drilling Results To Date 2008 Exploration Results - 8 holes drilled from 79m to 520m - 4 holes intersected coal seams 6 – 40m widths in two seams - 28 Samples analysed at SGS Tian Jin
Slide 11: Results – Cross Section
Windy Knob Resources Results – Cross Section
Slide 12: Results – Total Coal Thickness
Windy Knob Resources Results – Total Coal Thickness Contour Of Total Coal Widths From Drill Hole Intersections
Slide 13: Ovoot Site Visit
Windy Knob Resources Ovoot Site Visit
Slide 14: Ovoot Site Visit
Windy Knob Resources Ovoot Site Visit Inspection of a nearby Coal Mine
Slide 15: Coal Quality Comparisons
Windy Knob Resources Ovoot Coking Coal Project Coal Quality Comparisons Coal Measures Ovoot Moatize German Peak • Low moisture, high Raw Data Creek Downs vitrinite levels and high CSN 8- 8.5 8.5 8 8.5 reflectance levels = high rank HARD Coking Coal • Comparisons used are raw Vitrinite Levels 91% 81%
Slide 16: Ovoot Coking Coal Project
Windy Knob Resources Ovoot Coking Coal Project • Potentially a large Resource expected to be accessible by open pit – Coal seams intersected have widths of 6-40m overlain with unconsolidated sediments – Anticipate modest strip ratios – Coal seams flat dipping at 3-7 degrees • Metallurgical results i
Slide 17: Proposed Board Members
Windy Knob Resources Proposed Board Members • David McSweeney LLB, MAICD – Over 20 years experience in the resources sector ranging from exploration to project management, project finance, commercial and legal structuring and corporate development – Past directorships Gindalbie Metals and Execo Reso
Slide 18: Proposed Board Members
Windy Knob Resources Proposed Board Members • Neil Lithgow Msc Geology, FSIA, AusIMM + 20 years experience in resource project development – exploration and mine geology – preparation and successful execution of feasibility studies – foundation member of the teams at Aquila Resources Ltd and Bauxite
Slide 19: Summary
Windy Knob Resources Summary Ovoot Coking Coal Project • Potentially large hard coking coal project – + 2.5km of strike identified to date – Two Seams – widths 6 – 40m – Large Basin with indications of high rank hard coking coal – Multiple additional exploration targets – Coking coal in short supply
Slide 20: Competent Person Statement
Windy Knob Resources The information pertaining to the technical content of this announcement has been reviewed by Mr. Ian Prentice, who is a member of the Australasian Institute of Mining and Metallurgy. Mr. Prentice is employed by Zephyr Consulting Group Pty Ltd and has sufficient experience which
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