Aspire Mining (AKM) Corporate Presentation summary

Project overview and strategic positioning

• Ovoot is a 100% owned, premium-quality coking coal project with significant scale and high demand, targeting production of 'fat' coking coal starting in 2026.

• The project is strategically located near China, with access to major blast furnace capacity and future export potential to India and other markets.

• License is valid until August 2042 and is extendable, with all major permits and regulatory approvals secured.

Market opportunity and demand drivers

• Global demand for premium coking coal is rising, with a 2% CAGR and a 210% increase in crude steel production forecast by 2050.

• Ovoot's product fills a supply gap due to underinvestment in new supply, with proximity to China and potential for seaborne exports.

• India is expected to contribute nearly 50% of global export metallurgical coal demand by 2050.

Project development and milestones

• Pre-feasibility study is complete, with an Independent Technical Report due and construction targeted to start in 2025.

• All major regulatory approvals for mine, CHPP, and road infrastructure are in place, enabling a fast-tracked pathway to production within 18 months of construction.

• Key near-term catalysts include finalizing project funding, updating JORC Resource & Reserve Estimates, and tendering infrastructure construction.