AKM 8.33% 26.0¢ aspire mining limited

Ann: Notification regarding unquoted securities - AKM, page-2

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    SCHEDULE 2 – MILESTONES AND VESTING CRITERIA OF
    PERFORMANCE RIGHTS
    Unless expressly defined in this Schedule, capitalised terms have the same meaning as
    given to them in the Performance Rights Plan.
    (a) (Milestones): The Performance Rights shall have the following vesting criteria
    (each, a Milestone) attached to them:

    Class A Performance Rights: Class A Performance Rights shall vest when
    the Company has announced that it has secured total funding for the
    Ovoot Coking Coal Project in Mongolia (Ovoot Project) construction
    commencement.


    Class B Performance Rights: Class B Performance Rights shall vest when
    the Company has announced that commercial production has
    commenced at the Ovoot Project within 18 months of construction
    commencement.

 
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