Aspire Mining Limited · ASX:AKM
Aspire Mining — McCloskey Coal Conference (Ulaanbaatar) 2011
23 slides from Aspire Mining's conference presentation, Apr 7, 2011
Slide 1: Aspire Mining Limited – McCloskey Coal Conference Investor Presentation
For personal use only Aspire Mining Limited McCloskey Coal Conference (Ulaanbaatar) Investor Presentation Presentation April 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: Introduction
Introduction For personal use only Corporate Strategy • To become the pre‐eminent independent coking coal miner in Mongolia Ovoot Coking Coal Project (100%) – A High Quality Strategic Asset • Maiden JORC compliant coal resource of 330.7 mt • Raw coal analysis/initial washing tests indicate a hig
Slide 4: Company Snapshot
For personal use only Company Snapshot
Slide 5: Company Overview - Corporate
Company Overview ‐ Corporate For personal use only Capital Structure (ASX:AKM) Share Price (LTM) Undiluted Diluted Share Price (30 Mar 11) $ 0.965 0.965 $1.00 25 Oct 10 $20.1m Strategic 18 March 11 22 March 11 60.0m Noble Discloses 8.6% interest Shares Outstanding m 536.0 850.22 Placement with Addit
Slide 6: Project Locations
Project Locations For personal use only Project Locations Project Interests Ovoot Coking Coal Project (100%) Nuramt Coal Project (100%) Jilchilibag Coal Project (100%) Shanagan Joint Venture (51% Earn in) Zavkhan Iron Ore Project (Earning 70%) Ovoot JORC Resource 6
Slide 7: Asset Overview
For personal use only Insert pic Asset Overview
Slide 8: Ovoot Coking Coal Project
Ovoot Coking Coal Project For personal use only Project Summary Project Seismic Plan 100% owned by Aspire Maiden 330.7 Mt JORC coal resource Hurimt Large +500 km2 tenement position JORC Resource area Less than 10% of total project area explored to date Raw coal quality tests confirmed pres
Slide 9: Existing JORC Compliant Resource
Existing JORC Compliant Resource For personal use only Category Non Oxide (mt) Oxide (mt) Total (mt) Measured 93.3 ‐ 93.3 Indicated 182.4 ‐ 182.4 Inferred 30.4 24.6 55.0 Total 306.1 24.6 330.7 More than 80% of the resource is in the ‘Measured’ and ‘Indicated’ categories 75% of resource sits abov
Slide 10: Ovoot Raw Coal Quality Data
Ovoot Raw Coal Quality Data For personal use only IM % Ash % Volatiles % Sulphur % CSN Energy Kcal\kg Raw Coking Coal 0.6% 19.5% 26.5% 1.2% 7.7 6,668 Quality (In Situ) Classification ASTM : HVB ISO : Medium Rank B, high vitrinite, low ash, coking coal. All of the above results are based on a weigh
Slide 11: Washing Yield Analysis
Washing Yield Analysis For personal use only Yield % Ash % CSN Initial Coal Washing 87% 7.7% 8.7 Test Results Results for batches 1 and 2 theoretical yield at F1.60 cut Represents 124 samples (36.4% of total samples) 11
Slide 12: Ovoot Coking Coal Project – 2011 Things to Do
Ovoot Coking Coal Project – 2011 Things to Do For personal use only Exploration 10,000 metre drilling programme underway February 2011 ‐ June 2011 Expected to boost resource base 200 line kilometres of 2–D seismic Other Studies Geotechnical Hydrological Base line environmental Large di
Slide 13: Scoping Study – Direct Ship Ore Project
Scoping Study – Direct Ship Ore Project For personal use only Stage 1 of Ovoot Coking Coal Project Development Simple crush and screen then truck of low ash coal Trucking 550 kms east to rail siding at Erdenet Volume of 0.5 – 1 mtpa (Limited by road) Important for Stage 2 marketing Scopi
Slide 14: Other Exploration Projects - 2011
Other Exploration Projects ‐ 2011 For personal use only March Qtr June Qtr September Qtr December Qtr Nuramt Coal Project Seismic Follow up Drilling Shanagan JV Seismic and Mapping Drilling Jilchilibag Coal Project Seismic – Drilling Zavkhan Iron Ore JV Trenching and Mapping Drilling Resource Calcul
Slide 15: 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 16: Rail Infrastructure Development Stages
Rail Infrastructure Development Stages For personal use only Phase 3 Phase 2 Ovoot Project: 330.7mt JORC Resource Phase 1 July 2010 16
Slide 17: Rail Design Parameters
Rail Design Parameters For personal use only Ovoot to Erdenet Proposed Rail Line Consistent with Russian Rail Gauge (Mongolian Policy) Compatible with Erdenet spur design parameters 1.8 degree maximum incline for loaded train High capacity consists of 3 locomotives and up to 80 wagons 20 m
Slide 18: Northern Mongolian Rail Alliance
Northern Mongolian Rail Alliance For personal use only Northern Mongolian Rail Alliance (“NMRA”) established to drive support for funding rail link between Moron and Erdenet Apart from Ovoot Coking Coal Project there are many other Projects near Moron which would benefit from a rail link to Erde
Slide 19: Rail to Access Multiple Markets
Rail to Access Multiple Markets For personal use only Commentary Focusing on Multiple Markets Multiple markets can be accessed via rail: North through Trans Siberian Railway (TSR) to Japan and Korea North through TSR and Trans Manchurian Rail to Northern China South to China Asian markets buy
Slide 20: Summary
For personal use only Summary Insert pic
Slide 21: Summary
Summary For personal use only Maiden JORC coal resource of 330.7 mt Ovoot Coking New coking coal province emerging in Northern Mongolia Coal Project Only 10% of the existing project area explored to date (100%) 2011 exploration programme expected to substantially grow resource Raw Coal qua
Slide 22: Competent Person Statement
Competent Person Statement For personal use only In accordance with the Australian Stock Exchange requirements, the technical information contained in this announcement in relation to the Ovoot Coking Coal Project in Mongolia has been reviewed by Mr Kerry Griffin – Country Manager of Aspire Mining L
Slide 23: Contact details
Contact details For personal use only Aspire Mining Limited ABN: 46 122 417 243 ASX Code: AKM Unit 2, 454 Roberts Road, Subiaco, Western Australia, 6008 Web: www.aspiremininglimited.com David Paull : Tel : +61 8 9381 1995 Managing Director Mob : +61 (0) 407 225 291 Email: david@aspiremininglimited.c
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