Mr. Gandush Batmunkh, General Director, BlueSky Minerals, Mongolia

1. Mongolia Investment Summit 2010 London, UK

2. Company SnapshotCompany Snapshot
Blue Sky Minerals is one of the fastestBlue Sky Minerals is one of the fastest
growing private mining company engaged
in mineral exploration and mining
operation in Mongoliaoperation in Mongolia.
Established in 2005 by number of
Mongolian investors, Blue Sky Minerals has
diversified subsidiaries and related
companies:
Altai Gold LLC – Small scale placer gold p g
mining operation
MUUB LLC – hard rock gold exploration
Blue Sky Energy LLC ‐ uranium exploration
Moroyalty LLC – base metal projects
Aspire Mining Limited – ASX listed cokingAspire Mining Limited ASX listed coking
coal explorer (BSM holds 25%)

3. Company Snapshot
Professional management and technical team – with education from
Company Snapshot
Professional management and technical team with education from
domestic and foreign institutions.
Gan‐Ochir.Z – Managing Director – B.Eng in Mining, MSc in International
Fi (S NYU) M h 10 f i i i i iFinance (Stern, NYU). More than 10 years of experience in mining operation
, exploration, project generation and financing. Non‐executive director of
Aspire Mining Kimited.
Barsbold.Ts ‐ coal geologist with more than 12 years of field work
experience in many parts of Mongolia, discovered Ovoot Coking Coal
deposit of Aspire Mining Limited.deposit of Aspire Mining Limited.
Erdenetsogt (energy) ‐ Ph.D from Korean University, specialized in coal.
Batmunkh (gold and metals) – more than 12 years experience with foreign
exploration companies Harrods Minerals, Solomon Resources and Lotus
Resources etc.
Baatar. Do has 40 years of professional experience in exploration projectsBaatar. Do has 40 years of professional experience in exploration projects
including Boroo Gold deposit, Tsagaan Davaa Sn deposit etc.

4. Company SnapshotCompany Snapshot
Total of 25 mining and exploration permits covering more 15 projects in
different parts of Mongolia.
Regular addition of through property acquisition and direct application for
new project generation.

5. Coal Project – Related party
Initial acquisition and exploration of
Coal Project Related party
Initial acquisition and exploration of
Ovoot project since 2007
Reverse Takeover of ASX listed company
in February 2010 in cooperation within February 2010 in cooperation with
Australian investors.
Aspire Mining (“ASX : AKM”) ‐
A t li li t dAustralian listed resource company
with focus on coking coal project.
Blue Sky Minerals Shareholders own
more than 25% of AKM after 2
successful capital raising exercise.
Southgobi Resources (TSX‐SGQ, HK‐
1878, 53% owned by Ivanhoe Mines) is
acquiring 19.9 percent of the Aspire as acqu g 9 9 pe ce o e sp e as
strategic investor.

6. Coal Project – Related partyCoal Project Related party
Ovoot Coking Coal ProjectOvoot Coking Coal Project
Reported maiden resource of 330 Million
tonnes of coal in mostly measured and
indicated resource level in accordance with
JORC. More upside in 2011.
d d l d k d f l hPending detailed coking data of coal with
implied high quality coking coal after initial
raw analysisraw analysis.
Seam IM
%
Ash
%
Volatile
Matter %
Sulphur
%
Fixed Carbon
%
CSN
Upper Seam 0.6 15.5 29.2 1.1 54.6 8.2
Lower Seam 0.5 26.7 27.6 0.8 45.2 7.0
All Samples 0.57 18.7 28.8 1 52 7.9
Range (All Samples) 0.3‐0.9 7‐47 18‐40 0.5‐4.3 22‐64 5‐9

7. GOLD AND METAL
PROJECTSPROJ CTS

9. TSENKHER GOLD-COPPER
PROJECT
• Proximity to newly developing mines of y y p g
Ulaan Pb‐Zn, Gurvanbulag U and Mardai U
in Dornod, eastern Mongolia.
• Intrusive related vein and alteration zoneIntrusive related vein and alteration zone
with mineralization of gold (copper as
associated elements) which similar to
Boroo and Gatsuurt deposits in Central p
Mongolia.
• 20 m thick alteration zone with multiple
veins and veinlets in trenchingveins and veinlets in trenching
• The structure is identified in 3 zones and
with possible length over 2 kilometer. Gold
grade in vein up to 30 g/t in alterationgrade in vein up to 30 g/t, in alteration
zone up to 2.8 g/t.
• Limited historical drilling and multiple
geological geophysical and geochemicalgeological, geophysical and geochemical
drill targets for 2011 exploration work.

10. SENJIT KHYAR GOLD PROJECTSENJIT KHYAR GOLD PROJECT
• Senjit Khyar Au ‐ The Senjit Khyar
property is located in Gobi‐Altai
along Tien Shen belt.
• Gold grade in veins range up to
55 g/t.
• Our company holds the project
covered by four small exploration y p
licenses.
• It has favorable geological setting
to host small to mid size Au‐Ag g
deposit. Historical possible
speculative resource up to 500 K
oz.
• Extensive geophysical work is
completed will be drilled for
resource identication in first half
of 2011.

11. DUND SALAA AU W PROJECTDUND SALAA AU-W PROJECT
•The project is located in Western Mongolia and Identified as one of most
d ld lpromising tungsten and gold prospect in early 90s.
•Past exploration works include geochemical rock sampling, geophysical work
including gradient IP and ground magnetics.
•The company just completed full complex geophysical on Dund Salaa Au‐W
Stockwork target and Hagiin Nuur Gold prospect.
•Planned drilling program to verify multiple targets in first half 2011. g p g y p g

12. DUND SALAA AU W PROJECTDUND SALAA AU-W PROJECT
•WO3 is up to 0.7 % in rock
sampling.
•Gold is up to 3 g/t in o d s up o 3 g/
veinlets.
•Au presence is very strong
for possible upside offor possible upside of
containing ore grade gold.
• Large kupola type
intrusive as source targetintrusive as source target
• Speculative Tungsten
resource is more than
50000 tonnes.
•Large complex geological
structure

13. Pipeline of projectsPipeline of projects
•Taishir project – Iron ore target is located in Gobi Altai province /Taishir project Iron ore target is located in Gobi Altai province. /
Southwestern Mongolia/
•Khukh Khad – Industrial metal and REE target is located in Dundgobiu ad dust a eta a d a ge s oca ed u dgob
province. /Southern Mongolia/
•Bayan Uul (Rich mountain) and Southern Zn‐Pb‐Cu‐Ag‐Au project in Dornody ( ) g p j
with mid size resource.

14. Blue Sky Minerals LLC 2011Blue Sky Minerals LLC - 2011
•Well experienced techincal team in Mongolian geology.p g g gy
•Successful past record cooperate with international partners.
•Number of solid exploration projects in pipeline.
•Management and local partner that understands local legal,
political fundamentals and country specific risks. p y p
•Active player of Mongolian Mining Industry .
•Will transfer current speculative and old system resources into
JORC compliant resources by end 2011JORC compliant resources by end 2011.

15. Investing in Mongolia risky?g g y
Well understood risk will give higher reward.