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ASPIRE MINING LIMITED (AKM)


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General Information
Company Name: Aspire Mining Limited
Stock Code: AKM
Website: www.aspiremininglimited.com
GICS Sub-Industry: Diversified Metals & Mining
Market Cap ($M): 43
Equiv. Shares (M): 656

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.066 $ 0.066 $ 0.066 $ 0.066 $ 0.066 59,200 0%

Current Broker Consensus Recommendation more
Recommendation: Hold
Recommendation Date: 30th Apr 2013
12 Month Target Price (average): $0.08
Brokers Surveyed: 1

Company Overview

Business Description:
Aspire Mining Limited (AKM) is a coal mining and exploration company with projects located in Mongolia and Australia. The Company has four exploration projects in Mongolia, three focused on coking coal (the Ovoot Coking Coal Project, Nuramt Coal Project and Jilchigbulag Coal Project) and one focussed on iron ore (Zavkhan Iron Ore Project).

Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2014  F -2.1 -0.2 -300.0 -- -- 0.0 --
2013  F 0.6 0.1 -- 60.0 -- 0.0 --
2012  A -5.2 -0.9 -- 0.0 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F
Aspire Mining (AKM) $43 M -- -- -- -- 60.0000 -- 0.0000 0.0000 0.0000
BHP Billiton (BHP) $113,276 M -0.1359 -0.2135 0.2033 11.1986 14.2390 11.8332 0.0312 0.0328 0.0363
Iluka Resources (ILU) $4,936 M -0.2536 -0.6747 1.6610 13.0666 40.1704 15.0960 0.0297 0.0127 0.0241
Rio Tinto (RIO) $24,533 M -0.3874 0.0912 0.2010 11.6289 10.6568 8.8730 0.0286 0.0329 0.0364
Sims Metal Management (SGM) $2,021 M -0.6378 -0.2349 1.9387 29.3733 38.3929 13.0647 0.0202 0.0110 0.0374

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
AKM -- 952.2 0.75 29.9 --
Market 1.07 12.6 0.89 2.31 2.58
Sector 0.58 8.89 0.69 1.98 7.25

Directors
Name Position Start Date
Mr David Paull Executive Director,Managing Director 12 February 2010
Mr David Leslie McSweeney Non-Executive Chairman 12 February 2010
Mr Neil Alexander Lithgow Non-Executive Director 12 February 2010
Mr Mark Andrew Read Non-Executive Director 01 July 2011
Mr Hugh Andrew Jon Edwards Non-Executive Director 01 July 2011
Ms Hannah Badenach Non-Executive Director 18 April 2013
Mr Sado Demchigsuren Turbat Non-Executive Director 26 September 2012

Management
Name Position
Philip Milton Rundell Chief Financial Officer,Company Secretary
Fergus Campbell Chief Operating Officer

Substantial Shareholders
Holding Name
49,800,000 (8.02%) Battuvshin Badamdamdin
62,680,052 (10.10%) lanzoni Limited
63,378,501 (10.21%) Spectral Investments Pty Ltd ATF Lithgow Family Trust
40,000,000 (6.45%) Bat-Erdene Khadbaasan
123,498,316 (19.90%) SouthGobi Resources Limited and its related bodies corporate
39,300,000 (6.33%) Gan-Ochir Zunduisuren

Calendar of Events
Date Event
28 April 2014 Report (Quarterly)
29 January 2014 Report (Quarterly)
25 October 2013 Report (Quarterly)
27 September 2013 Report (Annual)
30 July 2013 Report (Quarterly)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.

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