The document summarizes the Ovoot Coking Coal Project in Mongolia acquired by Aspire Mining Limited, an Australian company. It describes the project's geology and drilling results which indicated thick multiple coal seams. It outlines the deal terms under which Aspire acquired the project, providing cash and shares to the vendors. This has significantly increased the project's value. The document argues that listing on the Australian Securities Exchange provides benefits for funding exploration of early stage projects in Mongolia through access to capital markets.

1. Aspire Mining Limited
(ABN 46 122 417 243)
The Ovoot Coking Coal Project
A MongolianAustralian Partnership
June 2010
Aspire Mining Limited
June 2010 2
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.
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 activities. The projections, estimates and beliefs contained in such
forward looking statements necessarily involve known and unknown risks and uncertainties which may cause the Company’s actual performance
in future periods to differ materially from any express or implied estimates or projections.
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 officers, employees and advisers 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 document, 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. Any opinions expressed in
the presentation are subject to change without notice.
All persons should seek appropriate professional advice in reviewing or considering the presentation and all other information with respect to
the Company and evaluating the Ovoot Coking Coal Project. The presentation does not purport to contain all of the information that may be
required to evaluate all of the factors that would be relevant in determining whether to deal in the Company’s securities, including but not
limited to any person’s objectives, financial situation or needs. Each person should make, and will be taken to have made, its own investigation,
assessment and analysis of the information in this presentation and other matters that may be relevant to it considering whether to deal in the
Company’s securities.
This presentation is not for distribution in, nor does it constitute an offer of securities for sale in, Canada, Japan, or in any jurisdiction where such
distribution or offer is unlawful. Neither this presentation nor a copy of the presentation can be taken or transmitted into the United States of
America, its territories or possessions, or distributed, directly or indirectly, in the United States of America, its territories or possessions or to any
US person as defined in Regulation S under the US Securities Act 1933, as amended (the “Securities Act”). Any failure to comply with this
restriction may constitute a violation of United States securities laws. The presentation and any oral statements made in connection with
it are not an offer of securities for sale in the United States.
Disclaimer

2. Aspire Mining Limited Introduction
May 2010 3
Prospective Geology but
little development:
Land Locked
Lack of Infrastructure
Lack of local capital
formation
Small industrial base
However:
Chinese driven increases
in demand and price for
resources now looks to
over come these
challenges
The focus is now well and truly on Mongolian Resources
Aspire Mining Limited Contents
Brief History of Ovoot Coking Coal Project
Options Open to the Mongolian Vendors
The Transaction with Aspire
Benefits of the Transaction
ASX vs Other Sources of Equity Funding
Conclusion
May 2010 4

3. Aspire Mining Limited
June 2010 5
Ovoot Coking Coal Project History
Discovered by the Altai Gold LLC team
Widespread regional and project specific mapping
8 hole 1,100m core drilling programme at Ovoot
4 of 8 holes discovered thick multiple coal seams
Ovoot Coking Coal Project
Aspire Mining Limited
Coal Quality
Comparisons
Low moisture, high vitrinite
levels and high reflectance
levels = high rank HARD
Coking Coal
Comparisons used are raw
drilling results (Ovoot)
versus beneficiated product
Ash averages at 13.8% from
drilling higher than market
spec
Washability to be tested
Fluidity Tests required
Ovoot Coking Coal Project
6June 2010
Coal Measures Ovoot
Raw Data
Moatize German
Creek
Peak
Downs
CSN 8- 8.5 8.5 8 8.5
Vitrinite Levels
(% by vol)
91% 81%
RoMax 1.41 1.4 1.52 1.42
Volatile Matter
(% ad)
27 21.8 19.8 20.7
Inherent
Moisture
0.5% 1.1% 1% 1%
Sulphur
(% ad)
0.88% 0.86% 0.7% 0.6%

4. Aspire Mining Limited 2008 Drilling Results
June 2010 7
Drilling
Results in
2008
Aspire Mining Limited Ovoot Coking Coal Project
June 2010 8
Potentially Very
Large Basin
96.3km2
173.2km2

5. Aspire Mining Limited Options Open to Vendor
Options Positives Negatives
Outright Sale - Cash • Certainty.
• Immediate
• Value limited as buyer may
heavily discount risk.
Joint Venture • Access capital and technical
resources of partner
• Retain interest in value of
project as it is de-risked
• Will result in a minority position
• Not able to drive timing
• Lacks liquidity
• Can be difficult to value
Outright Sale - Shares • Provides liquidity and a value to
the investment
• Accessing technical resources
• Enables capital to be raised
• Retains value upside (to the
extent that value not diluted by
other assets)
• Often trading restrictions
• Diluting exposure to the project
upside to some degree.
• May not agree with
development and value
realisation strategy
June 2010 9
Aspire Mining Limited
June 2010 10
Transforming Acquisition of Ovoot Coking Coal Project
Vendor Deal Terms
• Cash
–US$500k at Settlement
–US$3 million in 12 months
• SharesOptions
–150 million fully paid shares in Aspire (escrowed for 12 months)
–30 million Performance Options exercise at 5c expiry 12 Feb 2015
(Only vested once more than a 200 mt JORC Compliant Resource established)
• Value
Corporate Summary
Cash Shares @ 3c Total
US$ 3.5m A$ 4.5 m A$8.6m + Options

6. Aspire Mining Limited Drilling Results 2010
May 2010 11
Interim Exploration
Results to 31 May 2010
8 additional holes drilled
All holes intersected coal 6 –
38m thick in two seams
Coal seams intersected from
46m depth
Awaiting sample analysis
Drilling to date consistent
with geological model
Aspire Mining Limited Positive Reaction to Deal
Aspire
Share Price
Performance
(12 months)
June 2010 12
Transaction
Announced
Settlement
Exploration Starts

7. Aspire Mining Limited Value Appreciation
June 2010 13
Aspire Mining Limited Vendor Value Appreciation
Value @ Nov 09 Value @ June 10
Cash US$3.5m US$3.5m
Shares A$4.8m A$17.25m
Options
(in the money)
Nil A$2m
Total A$8.9m A$23.35m 260% Increase
Benefits to the Vendors
June 2010 14
Plus
• Strategic 35% holding in the company ( 26.7% fully diluted)
• Access to public equity markets for funding
• Continued involvement in future equity value growth
• Focused on adding value to Ovoot
• Value upside at Ovoot not diluted by other assets

8. Aspire Mining Limited
May 2010 15
• Benefits to Aspire
A MongolianAustralian Partnership
Mongolian nationals own 35% of Aspire (undiluted)
Aiming for a minimum 90% Mongolian employment
Excellent access to key decision makers in Government
The appointment of Gan-Ochir to the Aspire Board
Signing on the Vendor technical team
Significant involvement of the vendors going forward
providing advice
Ovoot Coking Coal Transaction
Aspire Mining Limited Model for Other Projects
• Combination of :
Quality Resource Project
+
First World Technical Validation
=
Access to Public Equity Markets
• Examples:
– Aspire, Hunnu Coal, Voyager Resources , Xanadu Mines
Attractive Model for Mongolian Project Vendors
June 2010 16

9. Aspire Mining Limited Australia is a Logical Destination
• The ASX has 680 companies listed on the Mining Boards
• $10.2bn raised in IPO’s and secondary raisings by
resource companies in 2009 - 2010
• History of funding resource explorationdevelopment
projects in Asia (Thailand, Laos, China, Phillipines,
Indonesia)
• Market understands resources and knows how to analyse
early opportunities
ASX is Well Placed to Fund Early Stage Projects
June 2010 17
Aspire Mining Limited Australia is a Logical Destination
June 2010 18

10. Aspire Mining Limited Australia is a Logical Destination
June 2010 19
Aspire Mining Limited Australia is a Logical Destination
Smaller average raisings possible
Exploration can be funded (Specifically excluded by HK)
Cheaper capital raising costs
Exposes assets to public analysisvaluation
Larger Raisings can be achieved in Hong Kong, Canada, or
London once the assets are de-risked
ASX is Well Placed to Fund Early
Stage Projects
June 2010 20

11. Aspire Mining Limited Summary
“The Aspire transaction is
an excellent example of
a quality Mongolian
Asset being funded by
the Australian equity
markets.”
June 2010 21
A True Mongolian Australian Partnership
Aspire Mining Limited
June 2010 22