Nordic Mining Asa · OSL:NOM
Nordic Mining Asa — Q3 2015 Earnings Presentation
21 slides from Nordic Mining Asa's earnings presentation, Nov 13, 2015
Slide 1: Q3 2015 Presentation
Q3 2015 Presentation Oslo, 13 November 2015 Exploration and production of high-end minerals and metals Nordic Mining ASA | N-0250 Oslo | Norway | Tel +47 22 94 77 90 | Fax +47 22 94 77 01 | Org. no 989 796 739 | post@nordicmining.com 1
Slide 2: Disclaimer
Disclaimer This document has been used by Nordic Mining during an oral presentation. Therefore, this document is incomplete without the oral explanations, comments and supporting instruments that were submitted during the referred presentation. To the extent permitted by law, no representation or wa
Slide 3: Introduction
1. Introduction 2. Financial status 3. Update on projects - Engebø rutile - Kvinnherad quartz 4. Questions
Slide 4: Minerals for a sustainable future
Platinum, Palladium Minerals for a sustainable future Reinfjord Nordic Rutile AS Lithium Titanium Nordic Quartz AS Quartz Nordic Ocean Resources AS (80%) Keliber Oy (25%) 4
Slide 5: Financial status
1. Introduction 2. Financial status 3. Update on projects - Engebø rutile - Kvinnherad quartz 4. Questions
Slide 6: Consolidated Income Statements
Consolidated Income Statements Q3-2015 Q3-2014 Acc. 2015 Acc. 2014 2014 Unaudited Unaudited Amounts in NOK million Unaudited Unaudited Audited - - Sales - - - (1.5) (1.8) Payroll and related costs (5.4) (9.7) (10.8) (1.3) (2.7) Other operating expences (4.4) (5.8) (6.1) (2.8) (4.5) Operating loss (9
Slide 7: Consolidated Statements of Financial Position
Consolidated Statements of Financial Position 30.09.2015 31.12.2014 Amounts in NOK million Unaudited Audited ASSETS Licences 5.7 5.4 Evaluation and exploration assets 2.5 1.3 Investment in an associate 8.3 11.1 Total non-current assets 16.5 17.9 Cash 2.0 14.4 Other current assets 2.2 2.1 Total curre
Slide 8: Successful Rights Issue with gross proceeds of NOK 35m
Successful Rights Issue with gross proceeds of NOK 35m Rights Issue • Offering of up to 77 million new shares • Subscription price NOK 0.45 per share • Gross proceeds up to NOK 34.65 million • Subscription rights granted to shareholders as of 5 October 2015 • Subscription period from 12 October to 2
Slide 9: Shareholder structure and share price development
Shareholder structure and share price development Largest shareholders* Share overview and share price development* Name of shareholder No. of shares % Share overview 1 NORDNET BANK AB (NOMINEE) 28 876 831 7,5 % Stock symbol NOM 2 SKAGEN VEKST 18 416 432 4,8 % Stock exchange Oslo Axess 3 NORDEA BANK
Slide 10: Peer group share price development
Kursutvikling peer gruppe siste 24 maneder (rebasert) 400 375 350 325 300 275 250 225 200 NOM T T T T T ¥ - - DA A A A A A A a DD DD PD WD OD “ PrP SY BY SY OS a Sh Sh Sh SY SY ae aS™ Sh Sh os FP Gg gw ™ A Wg oP” GO” WW ——'Intex Nordic Mining Northland ——Talvivaara = Nordic Mines <——Endomines ===Bol
Slide 11: Update on projects
1. Introduction 2. Financial status 3. Update on projects - Engebø rutile - Kvinnherad quartz 4. Questions
Slide 12: New Managing Director for Nordic Rutile AS
New Managing Director for Nordic Rutile AS 13
Slide 13: Core drilling start-up in Q1, 2016
Core drilling start-up in Q1, 2016 14
Slide 14: Core drilling start-up in Q1, 2016
Core drilling start-up in Q1, 2016 15
Slide 15: Tentative outline - drilling campaign
Tentative outline - drilling campaign • Two semi-mobile drilling rigs, continuous drilling • Local storage of core samples • Local splitting and logging of cores • XRF analysis during drilling campaign • Focus on “resource” drilling • Additional geotechnical drilling considered • Resource estimation
Slide 16: Misc. project activities
Misc. project activities • Planning of application for supply of process water • Preparation for further processing tests • Screening of candidates for Technical advisor • Planning of a local project office in Naustdal 17
Slide 17: Kvinnherad quartz
1. Introduction 2. Financial status 3. Update on projects - Engebø rutile - Kvinnherad quartz 4. Questions
Slide 18: Core drilling in October will give qualified resource estimate
Core drilling in October will give qualified resource estimate 6 holes drilled of a total of 600 meters BH1 BH2 BH4 BH3 a, b, c Quality Total impurities SiO2 % (ppm) Nordic Quartz 13 99.9987 IOTA Std 19 99.9981 IOTA 4 12 99.9988 IOTA 6 11 99.9989 Process tests document ultra-high quality 19
Slide 19: Visual inspection of cores confirms significant quartz zones in all drill holes
Visual inspection of cores confirms significant quartz zones in all drill holes BH ID Elevation Elevation Length of Total Massive start of hole end hole hole (m) quartz quartz zone (m.a.s.l.) (m.a.s.l.) zone* (m) (m) BH 1 283 234 62 41.7 7.8 BH 2 281 209 105 82.8 29.6 BH 3a 231 204 66 37.2 20.4 BH 3
Slide 20: Forthcoming activities, Nordic Quartz
Forthcoming activities, Nordic Quartz • Completion of drillcore logging • Inspection of drillcores by Qualified Person • Analysis of drillcores by the ICP-MS method • Resource analysis and estimation, reporting • Processing tests of core samples 21
Slide 21: Thank you for the attention
Thank you for the attention www.nordicmining.com 22