Green Minerals As · OSL:GEM
Green Minerals As — Q2 2021 Earnings Presentation
24 slides from Green Minerals As's earnings presentation, April 2021
Slide 1: 2nd Quarter 2021
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Slide 2: Forward-looking statements
1 Introduction 2 3 4 Forward-looking statements Green Minerals • All statements contained in this presentation that are not statements of historical facts, including statements on projected operating results, financial position, business strategy and other plans and objectives for future results, co
Slide 3: Agenda
1 Introduction 2 3 4 AGENDA Q2 2021 UPDATE FINANCIAL COMPANY PRESENTATION THEME:EXPLORATION Ståle Rodahl Maxime Lesage Erik Von Krogh Executive Chairman Chief Engineer CFO 3
Slide 4: Q2 2021 Update – Progressing on Plan
1 Introduction 2 3 4 Q2 2021 UPDATE – PROGRESSING ON PLAN Green Minerals HIGHLIGHTS FOR THE QUARTER •Granted development support from Forskningrådet for three separate projects related to development of the company’s exploration and production methodology. The total support amounts to NOK 16.5 milli
Slide 5: Q2 Financials - Profit and loss statement
1 Financials 2 3 4 Q2 FINANCIALS - Profit and loss statement Interim statement of income Q2 2021 Q1 2021 YTD 2021 2020 All figures in NOK 000's (except EPS) (Unaudited) (Unaudited) (Unaudited) (Audited) Revenues - - - - Personnel expenses -174 -345 -519 -114 Other expenses -1877
Slide 6: Q2 Financials – Balance sheet
1 Financials 2 3 4 Q2 FINANCIALS – Balance sheet Consolidated interim statement of financial positiion 30 june 2021 31 march 2021 31 December All figures in NOK 000's (except EPS) (Unaudited) (Unaudited) 2020 (Audited) ASSETS Non current assets Research & development 537 - - Current assets Other
Slide 7: Our mission
1 Introduction 2 3 4 Our mission Deliver minerals for the Green Shift in a responsible and sustainable manner 7
Slide 8: Our vision: Creating the marine minerals value chain
1 Introduction 2 3 4 Our vision: Creating the marine minerals value chain 8
Slide 9: Green Minerals – Enabling the green shift
ho] GREEN MINERALS Enabling the green shift
Slide 10: Massive global demand for new metals sources
1 2 Market backdrop 3 4 Massive global demand for new metals sources Commentary >$1trn in key metals capex needed by 2035 Cumulative capex: current commitments and AET-2 scenario Massive need for new source of metals as the world requirements, USDbn electrifies and digital technology becomes avail
Slide 11: NCS – the most attractive area in the world to kickstart the industry from
1 2 Market backdrop 3 4 NCS – the most attractive area in the world to kickstart the industry from Commentary The Mohns & Kniprovich ridges Mineral exploration on the Norwegian continental shelf (“NCS”) is attractive for several reasons: − Size and richness of reserves − One nation state, one regu
Slide 12: Key events towards exploration license awards in 2024 and production in 2028
1 2 Market backdrop 3 4 Key events towards exploration license awards in 2024 and production in 2028 Q1 2021 Q4 Q2 2019 2021 Pre - opening Impact 2021 2022 Impact 2022 2023 State Assessment Public Assessment ownership Consultation carried out Public Decision Opening process Deadline Coordinated by C
Slide 13: Supporting global sustainability
1 2 3 Company overview 4 Supporting global sustainability Providing Fighting child Creating Reducing waste Enabling CO2 Reducing minerals for the labor while sustainable generation and reduction deforestation green transition creating Rare Earth enabling being key sustainable Elements (REE) companie
Slide 14: Partners and affiliations
1 2 3 Company overview 4 Partners and affiliations Onshore processing Exploration Offshore production Offshore logistics facility To be named Potential universal partners Battery Copper end- producers users 14
Slide 15: Our strategy
1 2 3 Company overview 4 Our strategy Short term Medium term Long term Ultimately Win exploration and production Expand our portfolio to Transform into a truly circular To be recognized as a pioneer licenses to capitalize on a NOK international licenses and economy business model by and leader of th
Slide 16: Aspirational targets (II)
1 2 3 4 The road ahead Aspirational targets (II) Commentary Key metrics - 30MT deposit example One Green Minerals full scale production system: Metric Unit − Flow rate: min 5-8000 tonnes/day Mineral resources Million tons 30 − Utilisation: min 200+ days/year Enrichment (CuEq) % 5.3 − Annual ore pr
Slide 17: Theme: Exploration process
1 2 3 4 Theme Theme: 1 Exploration process 2 Mineral Prospectivity - Regional 3 Permissive tract exploration - Local 4 Deposit exploration – block model 17
Slide 18: Exploration process
1 2 3 4 Theme Exploration process • Mineral Prospectivity Model • Geophysics and bathymetry Finding • => Mineral Prospectivity Map permissive area Regional Scale • Proving the presence of a mineralization • Sampling and drilling Confirming • => Update of Mineral Prospectivity Map and possibly Minera
Slide 19: Mineral Prospectivity - Regional
1 2 3 4 Theme Mineral Prospectivity - Regional - Strategy : limiting the area to be surveyed without limiting the chances to find mineralizations (permissive tracts) - Provide the exploration team with a score map showing the areas with higher chances of hosting a permissive tract - Constructed from
Slide 20: Permissive tract exploration - Local
1 2 3 4 Theme Permissive tract exploration - Local - Strategy : One prospect is “proven” within a permissive tract - what are the chances for other “local” mineralisations and what’s their resource potential? - Statistical approach combined with general grade/tonnage model to infer the resources pre
Slide 21: Deposit exploration – block model
1 2 3 4 Theme Deposit exploration – block model Lesage et al., 2018 - Early resource assessment using geological knowledge - Decision gate for further Lehrmann et al., 2018 drilling - Resource classification is mainly inferred 21
Slide 22: Deposit exploration – block model
1 2 3 4 Theme Deposit exploration – block model - More data from extended drilling campaign - Enable geostatistical methods for simulating block model - Data driven resource assessment - Provides the input necessary for the mining engineering department feasibility studies starting with scoping Terc
Slide 23: Investment highlights
1 2 3 4 Investment highlights Investment highlights Green Minerals 1 Marine Minerals needed for the Green Shift >NOK 1000bn opportunity on NCS 2 GEM with capital-light partnership strategy across 3 the entire value chain Well-defined roadmap and triggers towards first 4 licenses in 2023 and pilot pr
Slide 24: Green Minerals
sf GREEN MINERALS Enabling the green shift