Aspire Mining Limited · ASX:AKM
Aspire Mining — Shareholder Meeting (May 2025)
12 slides from Aspire Mining's shareholder meeting presentation, May 29, 2025
Slide 1: 2025 AGM Business Update
2025 AGM Business Update 29 May 2025 aspirelimited.com ASX: AKM
Slide 2: Disclaimer
Disclaimer NATURE OF THIS DOCUMENT 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 presentation, you acknowledge and represent to the Compa
Slide 3: Ovoot Coking Coal Project
Ovoot Coking Coal Project Aspire’s Ovoot Project is one of the few premium ‘fat’ coking coal developments globally, with a large, long-life resource base, and strong marketability. We are on a pathway to expected first production in late 2026. Overview Location Ownership 100% JORC Coal Resource1 219
Slide 4: Robust Project Economics
Robust Project Economics Strong Economics and Efficient Development Model Key Takeaways1 Project Economic Highlights1 Robust Economics: $US2.2 billion pre- NPV10 (US$m) (Pre-tax) tax NPV 2,174 1,558 NPV10 (US$m) (Post-tax) 30+ Year Mine Life: 116 Mt Life-of-Mine (LOM) washed fat coking coal sales 21
Slide 5: 2024: From Exploration to Pre-Development
2024: From Exploration to Pre-Development In 2024, Aspire secured all major approvals for Ovoot, project economics were validated, and end-user interest was confirmed — laying the foundation for development execution in 2025 All major permits obtained to enable development to Q1 2024 Q1 2024 Q2 2024
Slide 6: 2025: Capitalising on Momentum
2025: Capitalising on Momentum Aspire is now progressing from planning to execution, with early-stage works underway and construction and mining set to commence in H2 2025 Short construction timeline to achieve first coal Q1 2025 Q1 2025 Q2 2025 production and sales Geotechnical surveys Independent
Slide 7: Near-Term Catalysts
Development Pathway to First Production Milestones Achieved Infill Drilling Program Mine DEIA2 approved JORC Resource & ITR Completed ERT FEED1 Study Firmed geological by MNET3 Haulage Simulation Value In Use Study Fenwei Market Study Reserve updated Validated JORC Designed for efficient confidence
Slide 8: Corporate Overview
Corporate Overview1 Capital Structure Share Price Performance since 1 January 2024 Unit ASX:AKM Share Price (A$) (LHS) Volume (m) (RHS) 0.40 2.0 Share Price A$/sh. 0.28 0.30 1.5 Shares on Issue #m 507.6 Performance Rights #m 6.0 0.20 1.0 Market Capitalisation A$m 142.1 0.10 0.5 Cash & Investments2 A
Slide 9: Board and Management
Board and Management MICHAEL AVERY Non-Executive Chairman ACHIT-ERDENE DARAMBAZAR Executive Director • 30+ year mining industry veteran • Chairman of Mongolia International Capital Corporation (MICC) • Significant Mongolian coal project experience the first Mongolian investment bank and brokerage fi
Slide 10: Positioned for a Breakout Year
Positioned for a Breakout Year Ovoot is de-risked and pre-development is underway 4) Viable, sustainable 1) Major approvals to 2) Local stakeholders 3) Social license now road haulage plan in develop the project are supportive of earned – enabling place with public have been obtained development pla
Slide 11: Appendix – JORC (2012) Coal Resource and Reserve
Appendix – JORC (2012) Coal Resource and Reserve1 RESOURCE RESERVE Tonnage Ash CSN Tonnage Category Category (Mt) (%) (#) (Mt) Measured 99.5 18.4 8 Proved 76.8 Indicated 100.9 21.3 7 Probable 53.3 Inferred 19.0 19.2 6 Total 130.1 Total 219.4 $19.8 7 ESTIMATES OF MINERAL RESOURCES AND ORE RESERVES ca
Slide 12: For more information please contact us
For more information please contact us Dannika Warburton Investor Relations ir@asipiremininglimited.com ASX: AKM aspirelimited.com