Slide 1: Developing World Class Coal Deposits
Aspire Mining Limited (ABN 46 122 417 243) For personal use only Developing World Class Coal Deposits Ovoot Coking Coal Project ‐ Mongolia May 2010
Slide 2: Disclaimer
Aspire Mining Limited Disclaimer For personal use only 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. Cer
Slide 3: Corporate Summary
Aspire Mining Limited Corporate Summary For personal use only Transforming Acquisition of Ovoot Coking Coal Project Completed 13 February 2010 • Company’s name changed to Aspire Mining Limited • ASX C Code d changed h d ffrom “WKR” tto “AKM” • Capital Structure Post Acquisition: Issued Capital : 3
Slide 4: Executive Summary
Aspire Mining Limited Ovoot Coking Coal Project For personal use only Executive Summary • Indications of a potentially large high quality Coking Coal Project • Existing envelope of 3 kms x 2.5 kms • Coal seams of combined thicknesses of 6 – 49m • Resource drilling in progress to establish JORC Compl
Slide 5: Coking Coal Market
Aspire Mining Limited Coking Coal Market For personal use only Structurally Higher Prices – HCC Premium Net Chinese Demand behind higher prices i and d volumes l May 2010 5
Slide 6: Coking Coal Project Strategy
Aspire Mining Limited Ovoot Coking Coal Project For personal use only • Strategy ¾ Currently drilling for a JORC Compliant Resource ¾ Targeting a potential large scale project ¾ Team of experts assembled ¾ Initial 4,500m drilling programme commenced April 2010 ¾ Budget allocated to explore additiona
Slide 7: Location
Aspire Mining Limited Ovoot Location For personal use only May 2010 7
Slide 8: Potentially Very Large Basin
Aspire Mining Limited Ovoot Coking Coal Project For personal use only Potentially Very Large Basin 96.3km2 173.2km2 May 2010 8
Slide 9: Drilling Results 2008
Aspire Mining Limited Drilling Results 2008 For personal use only 2008 Exploration Results ¾ 8 holes drilled from 79m to 520m depths ¾ 4 holes discovered 6 – 40m thick coal in two seams ¾ 28 Samples analysed at SGS Tian Ti Jin Ji May 2010 9
Slide 10: Drilling Results 2010
Aspire Mining Limited Drilling Results 2010 For personal use only ¾2010 Interim Exploration p Results to 10 May 2010 ¾ 3 holes drilled from 100m to 242m depths ¾ All holes intersected coal 6 – 38m thick coal in two seams ¾ Awaiting sample analysis but visually consistent with good quality coking ki
Slide 11: Cross Section
Aspire Mining Limited Cross Section For personal use only May 2010 11
Slide 12: Exploration Drilling
Aspire Mining Limited Ovoot Exploration Drilling For personal use only May 2010 12
Slide 13: Site Visit
Aspire Mining Limited Site Visit For personal use only Inspection of adjacent Mogoin Gol Coal Mine Ovoot Project are the down dip extensions of same seam May 2010 13
Slide 14: Coal Quality Comparisons
Aspire Mining Limited Ovoot Coking Coal Project For personal use only Coal Quality Coal Measures Ovoot Moatize German Peak C Comparisons i Raw Data C k Creek D Downs ¾ Low moisture, high CSN 8‐ 8.5 8.5 8 8.5 vitrinite levels and high reflectance fl levels l l = high hi h Vitrinite Levels 91% 81% ran
Slide 15: Infrastructure Issues
Aspire Mining Limited Infrastructure Issues For personal use only • Rail ¾ Rail options being investigated ¾ National Transport Strategy recommends extension to Moron ¾ Burenkhaan (200mt) Phosphate p Deposit p near Moron a significant potential customer ¾ Trans Siberian option p provides high capaci
Slide 16: The Mongolian Advantage
Aspire Mining Limited The Mongolian Advantage For personal use only ¾ Well located near major Cape Size Freight US$\t customers China, Korea and Japan ¾ Gives Mongolian sourced coal a freight advantage ¾ Shipping costs can fluctuate significantly ¾ Long shipping supply chains add time and cost to en
Slide 17: Coking Coal Project
Aspire Mining Limited Ovoot Coking Coal Project For personal use only • A Substantial Resource expected to be accessible by open pit ¾ Seams start at 120m depth but good thicknesses and some unconsolidated overburden ¾ Manageable strip ratios subject to thicknesses being as anticipated • Thi Thickk
Slide 18: Board Members
Aspire Mining Limited Board Members For personal use only • David McSweeney LLB, MAICD ‐ Chairman ¾ Over 20 years experience in the resources sector, a founder of Gindalbie Metals, Exec‐ Ch i Chairman off Avalon A l Minerals Mi l Ltd, Ltd Non N EExecutive ti Di Director t off B Bauxite it R Resource
Slide 19: Summary
Aspire Mining Limited Ovoot Coking Coal Project For personal use only Summary • Indications of a p potentiallyy large g highg qqualityy Cokingg Coal discoveryy • Existing envelope of 3kms x 1‐ 1.5kms x seam thicknesses of 6 – 40m • Requires infill drilling to establish a JORC Compliant Resource • Ra
Slide 20: Competent Person Statement
Aspire Mining Limited Competent Person Statement For personal use only • The information pertaining to the technical content of this announcement has been reviewed by Mr Neil Lithgow, who is a member of the Australian Institute of Mining and Metallurgy. Mr Lithgow has sufficient experience in collat
Slide 21: For personal use only
Aspire Mining Limited For personal use only May 2010 21