For personal use only

Aspire Mining Limited

ABN: 46 122 417 243

Level 9, 190 St Georges Terrace

Perth WA 6000

PO Box 1918

Subiaco WA 6904

Tel: (08) 9287 4555

ASX RELEASE

Fax: (08) 9321 4914

Web: www.aspiremininglimited.com

Email: info@aspiremininglimited.com

For Immediate Release - 14 June 2022

Presentation to Fenwei Mongolian Coking Coal Virtual Conference June 2022

Attached is a presentation to be made by David Paull, Chairman, Aspire Mining Limited, to the Fenwei Mongolian Coking Coal Virtual Conference.

The Presentation is in English followed by an accurate translation to Mandarin to accommodate the audience at the Conference.

This announcement is authorised for release by the Chairman.

- Ends -

For more information contact:

David Paull, Chairman

+61 8 9287 4555

Achit-Erdene Darambazar, Managing Director

+976 7011 6828

Aspire Mining Limited

Page 1

ersonal use only

ASPIRE MINING LIMITED

OVOOT COKING COAL PROJECT ("OCCP")

NEW WORLD CLASS LONG LIFE SOURCE OF FAT COKING COAL

世界级新型长寿命肥焦煤资源

中蒙煤炭企业交流会

Fenwei Mongolian Coking Coal Conference

JUNE 2022

DISCLAIMER IMPORTANT INFORMATION

NATURE OF THIS DOCUMENT

This presentation has been prepared by Aspire Mining Limited (Aspire or the Company). The information is based on publicly

only

available information, internally developed data and other sources. By receiving this presentation, you acknowledge and

represent to the Company that you have read, understood and accepted the terms of this disclaimer.

It is the responsibility of all recipients of this presentation to obtain all necessary approvals to receive this presentation and

receipt of this presentation will be taken by the Company to constitute a representation and warranty that all relevant approvals

have been obtained.

NOT AN OFFER

This presentation is for information purposes only and do not purport to be all inclusive or to contain all information about the

Company or any of the assets, current or future, of the Company.

This presentation does not comprise a prospectus, product disclosure statement or other offering document under Australian law

(and will not be lodged with ASIC) or any other law.

This presentation also does not constitute or form part of any invitation, offer for sale or subscription or any solicitation for any

offer to buy or subscribe for any securities in any jurisdiction nor shall they or any part of them form the basis of or be relied upon

in connection therewith or act as any inducement to enter into any contract or commitment with respect to securities.

use

Any decision to purchase new shares must be made on the basis of each investor's own investigations and inquiries into the

Company on the basis of the information to be contained in the prospectus to be prepared and issued to eligible investors and a

review of the Company's other periodic and continuous disclosure announcements lodged with the ASX, which are available at

www.asx.com.au.

This presentation does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States. This

presentation and its contents must not be distributed, transmitted or viewed by any person in the United States or any jurisdiction

where the distribution, transmission or viewing of this document would be unlawful under the securities or other laws of that or

any other jurisdiction.

NOT INVESTMENT ADVICE

This presentation is not investment or financial product advice (nor tax, accounting or legal advice) and its contents are not

intended to be used for the basis of making an investment decision.

Recipients of this presentation should carefully consider whether the company is an appropriate investment for them in light of

ersonal

their personal circumstances, including their financial and taxation position.

This presentation does not take into account the individual investment objectives, financial situation and particular needs of each

investor or shareholder. You may wish to seek independent financial and taxation advice before making any decision in respect of this presentation. Neither Aspire nor any of its related bodies corporate is licensed to provide financial product advice in respect of Aspire's securities or any other financial products.

FORWARD LOOKING STATEMENTS

This presentation contains forward-looking information which is based on the assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management of the Company believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect.

Assumptions have been made by the Company regarding, among other things: the price of coking coal, the timely receipt of required governmental approvals, the accuracy of capital and operating cost estimates, the completion of a feasibility study for the Ovoot Coking Coal Project on its exploration and development activities, the ability of the Company to operate in a safe, efficient and effective manner and the ability of the Company to obtain financing as and when required and on reasonable terms. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used by the Company.

ASPIRE MINING LIMITED I FENWEI COKING COAL CONFERENCE

Although management believes that the assumptions made by the Company and the expectations represented by such information are reasonable, there can be no assurance that the forward-looking information will prove to be accurate. Forward- looking information involves known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any anticipated future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, the actual market price of coking coal, the actual results of current exploration, the actual results of future exploration, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company's publicly filed documents. Readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

DISCLAIMER

No representation or warranty, express or implied, is made by the Company that the material contained in this presentation will be achieved or prove to be correct. Except for statutory liability which cannot be excluded, each of the Company, its directors, officers, employees, advisers and agents expressly disclaims any responsibility for the accuracy, fairness, sufficiency or completeness of the material contained in this presentation, or any opinions or beliefs contained in this presentation, and excludes all liability whatsoever (including in negligence) for any loss or damage which may be suffered by any person as a consequence of any information in this presentation or any error or omission there from. To the maximum extent permitted by the law, the Company disclaims any obligation to update or keep current the information contained in this presentation or to correct any inaccuracy or omission which may become apparent, or to furnish any person with any further information. Any opinions expressed in the presentation are subject to change without notice.

Competent Person Statements - Ovoot Early Development Project (OEDP)

The technical information contained in this presentation in relation to the JORC Code (2012) compliant Ore Reserves and JORC compliant Mineral Resources for the Ovoot Early Development Project is reported in the Company's ASX announcement dated 11 November 2019.

The Company is not aware of any new information or data that materially affects the information included in this presentation. All material assumptions and technical parameters underpinning the estimates in the ASX Announcement continue to apply and have not materially changed.

Competent Person Statements - Ovoot Coking Coal Project (OCCP)

The technical information contained in this presentation in relation to the JORC Code (2012) compliant Ore Reserves and JORC compliant Mineral Resources for the Ovoot Coking Coal Project is reported in the Company's December 2013 Quarterly Activities Report released to ASX on 31 January 2014.

The Company is not aware of any new information or data that materially affects the information included in this presentation. All material assumptions and technical parameters underpinning the estimates in the ASX Announcement continue to apply and have not materially changed.

Competent Persons Statement - Nuurstei Coking Coal Project

The technical information contained in this presentation in relation to the JORC Code (2012) compliant Ore Reserves and JORC compliant Mineral Resources for the Nuurstei Coking Coal Project is reported in the Company's ASX Announcement dated 13 April 2016.

The Company is not aware of any new information or data that materially affects the information included in this presentation. All material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed.

The Company is progressing with various studies and programs for completion of a OCCP Definitive Feasibility Study. On completion, the OCCP Definitive Feasibility Study will identify and report any new information, data or change to material assumptions used in the OCCP Pre -feasibility Study and this presentation.

2

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责声明 重要信息

文稿性

Aspire Mining LimitedAspire或公司)编制了此演示文稿,所包含的信息均来自于公开信息、内部数据或其他来源。收到本演示

only

文稿即等于您已阅读、理解并接受本免责声明的条款

所有收件人都应获得接收本演示文稿的批准,本公司视收到为已获得所有相关批准

非要

本演示文稿仅供参考,并不为解释一切所做,同时也不包含公司现有或未来资产的信息

本演示文稿不构成根据澳大利亚法律或其他法律生产的招股说明书产品披露声明或报价文件(且不会提交给澳大利亚证券投资委

员会)。

本演示文稿不构成任何邀、出售要约或认购的一部分或司法管辖区内购买或认购证券的要约邀约及签订相关合同或承诺的原因

购买新股必须在每位投资者调查或研究过公司后再做决定,包括拟编制并向合格投资者发行的招股说明书中所包含的信息,以及

公司提交给澳大利亚证券交易所的其他定期和持续披露公告的审查详情见www.asx.com.au.

本演示文稿不构成在美国出售或邀请购买证券的要约,不得由美国或其他司法管辖区的任何人分发传输或查看。根据该司法管辖

区或其他司法管辖区的证券规则或其他法律,分传输或查看本文件都是违法的

非投资建议

use

本演示文稿非投资或金融产品建议(也非税、会计或法律建议),其内容不得用于投资决策基础

本演示文稿的接收人应根据其个人情况,包括财务和税务状况,仔细考虑公司是否适合其投资

本演示文稿未考虑每位投资者或股东的个人投资目标财务状况和特殊需求。在就本文稿作出任何决定之前,您可能希望获得独立

财务和税务建议,但Aspire或其任何相关法人团体均未获得授权就本公司的证券或其他金融产品提供建议

前瞻性声明

本演示文稿包含前瞻性信息,是由管理层据其经验和对趋势、当前状况及预期发展的假设、估、分析和意见以及其他合理因素得

出的,但可能被证明是不正确的

本公司已做出以下假设:焦煤价格、及时收到所需的政府批准、准确的资本和运营成本估算、完成Ovoot焦煤项目勘探和开发活动

的可行性研究、本公司在安全环境下运营的能力,公司以高效、有效的方式和能力在需要时以合理的条件获得融资读者应注意上

述内容并未详细列出公司可能使用的所有因素和假设

尽管管理层认为公司做出的假设和期望是合理的,但无法保证前瞻性信息的准确性。因其中涉及的已知和未知的风险、不确定性和

ersonal

其他因素,可能导致实际结果业绩或成就与前瞻性信息明示或暗示的预期结果业绩或成就之间存在巨大差异。相关因素包括焦

煤的实际市场价格、当前及以后勘探的实际结果、在后续评估中项目参数发生的变化,以及公司公开文件中披露的因素。读者不应

过度依赖前瞻性信息。除非证券法中另有规定,本公司不承诺更新前瞻性信息

责声明

本公司不对本演示文稿中包含的内容是否能够实现或证明是正确的做出明确的或暗示的保证。除不能排除的法定责任外,本公司及 其董事、高级职员员工顾问和代理人均对文稿中材料的准确性、公平性、充分性或完整性,意见或观念负有任何责任,并排除 任何人因文稿中的信息、错误或遗漏而可能产生的损失或损害而产生的所有责任(包括疏忽)。在法律允许的最大范围内,本公司 无义务更新本文稿中的信息,或纠正不准确或遗漏的地方,或向任何人提供进一步信息。文稿中的内容如有更改,恕不另行通知。

资格人声明-Ovoot早期开发项目OEDP

本文稿中展示的Ovoot早期开发项目的技术信息与澳大利亚矿产资源和矿石储量报告规范JORC2012)相关,已在公司20191111日的ASX公告中公示。

公司不清楚有任何新的信息或数据会对本文稿中的信息产生实质性影响。支持ASX公告中估算结果的假设和技术参数继续适用,并 未更改。.

资格人声明-Ovoot炼焦煤项目OCCP

本文稿中展示的Ovoot焦煤项目的技术信息与澳大利亚矿产资源和矿石储量报告规范JORC2012)相关,已在公司2014131 日的ASX公告中公示。

埃斯派尔矿业有限公司I 中蒙煤炭企业交流会

公司不清楚有任何新的信息或数据会对本文稿中的信息产生实质性影响。支持ASX公告中估算结果的假设和技术参数继续适用,并 未更改。

资格人声明- Nuurstei焦煤项目

本文稿中展示的Nuurstei焦煤项目的技术信息与澳大利亚矿产资源和矿石储量报告规范JORC2012)相关,已在公司2016413日的ASX公告中公示。

公司不清楚有任何新的信息或数据会对本文稿中的信息产生实质性影响。支持ASX公告中估算结果的假设和技术参数继续适用,并 未更改。

3

ASSET OVERVIEW AND LOCATIONS 资产总览及地理位置

ersonal use only OVOOT

Key Information

Ownership 所有权 :

Aspire (100%)

Commodity产品 :

Premium "Fat" Coking Coal

优质肥焦煤

Mine Type煤矿类型:

Open Pit 露天矿

JORC Reserves &

Reserves: 255Mt

储量: 2.55亿吨

Resources

Resources: 281Mt

资源: 2.81亿吨

储量&资源

Tenement Area

51.4km2 tenement position

51.4平方公里采矿面积

采矿面积:

30 Year Mining Licence granted August 2012 20128月授予的30年采矿期

PFS completed for a trucking based solution to Erdenet via

the Ovoot Early Development Plan (OEDP).

Front End Engineering for DFS completed

Status 状态:

Awaiting final permitting

  • PFS通过Ovoot早期开发计划(OEDP)为Erdenet完成了卡车运输的方案
  • DFS前端工程已完成
  • 等待最终许可
  • 3200万澳元现金, 无债务

Cash 现款:

A$30m in cash. No Debt

JORC Reserves1 (Mt)

JORC 储量1

/Reserves 储量

Deposit 矿藏

Proven 证实的

Probable 概略的

Reserves 储量

Ovoot Open Pit 露天储量

-

247.0

247.0

Ovoot Underground 井工储量

-

8.0

8.0

JORC Resources1 (Mt)

JORC 资源

Resources 资源

Deposit 矿藏

Measured

Indicated

Inferred

Total

探明的

控制的

推测的

总量

Ovoot Open Pit

197.0

46.9

9.2

253.1

露天储量

Ovoot Underground

-

25.4

2.6

27.9

井工储量

Nuurstei

-

4.7

8.2

12.9

In Total 总计

-

255.0

255.0

In Total

197.0

77.0

20.0

294.0

Ovoot Early Development Project早期开发项目

53.8

53.8

总计

埃斯派尔矿业有限公司I 中蒙煤炭企业交流会

ASPIRE MINING LIMITED | AGM PRESENTATION

1. 见第2页幻灯片和2013731日和2014131日的ASX公告(201312月季度活动报告),与Ovoot项目储量和资源有关。

1.

See slide 2 and ASX Announcements dated 31 July 2013 and 31 January 2014 (December 2013 Quarterly Activities Report) in relation to the Ovoot Project Reserves and Resources

4

2.

见第2页幻灯片和2016413日澳大利亚证券交易所关于Nuurstei项目资源的公告。

2.

See slide 2 and ASX Announcement dated 13 April 2016 in relation the Nuurstei Project Resource.

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Aspire Mining Limited published this content on 14 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 June 2022 06:12:07 UTC.