Nordic Mining Asa · OSL:NOM
Nordic Mining Asa — TZMI Congress 2023
19 slides from Nordic Mining Asa's conference presentation, November 2023
Slide 1: Engebø Rutile and Garnet, progress towards production
Engebø Rutile and Garnet, progress towards production TZMI Congress 2023, Singapore Maurice Kok, Commercial Director
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: Focused on high-end industrial minerals and metals
Company overview Focused on high-end industrial minerals and metals Nordic Mining at a glance Locations and assets overview • Nordic Mining ASA (“NOM”) is a Norwegian company listed on Euronext Expand Oslo with a focus on high-end minerals and metals Engebø Rutile – Market cap of USD 131 million1 an
Slide 4: Slide 4
Slide 5: Early construction, financing and ramp-up timeline
Disclaimer • Early construction works started in April 2022 • Fully financed with USD 277 million in March 2023 • Production ramp-up scheduled to Q4 2024 5
Slide 6: Efficient design and engineering solutions
Engebø Rutile and Garnet Efficient design and engineering solutions • Short haulage distance from blast area • Vertical shaft from open pit to underground primary crusher • Shaft entrance adjusted when 221 meter progressing mining in open pit 380 meter ~600 meter Location and topography provide for
Slide 7: Continuous focus on Health & Safety
Engebø Rutile and Garnet Continuous focus on Health & Safety Key Performance Project to HSE status Q3 Target indicator date3 574 days to date without LTIs Lost time injuries (1/1 million working 0 0 <2,51 hours) Focus on working in heights and lifting operations Total recordable injuries (1/1 mi
Slide 8: Construction on track to start production in Q4 2024 at budget
Engebø Rutile and Garnet Construction on track to start production in Q4 2024 at budget EPC’s PROGRESS Sitewide Earthworks and 2022 2023 2024 Underground Infrastructure Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 EPC1 - Construction 85% EPC2 - Construction 50% Civil and Buildings EPC3 – Engineering 95% EPC3
Slide 9: Laydown areas ready for arrival of steel, pipes and mechanical equipment
Engebø Rutile and Garnet Laydown areas ready for arrival of steel, pipes and mechanical equipment 1) Left: Laydown area with steel structures for primary crushing station, piping and cable sleeves 2) Right: Laydown area with crane ready for mechanical installations 9
Slide 10: Concrete works close to finalized for main process buildings
Engebø Rutile and Garnet Concrete works close to finalized for main process buildings 1) Left: View over main process area 2) Top right corner: Concrete foundation for comminution plant 10 3) Bottom right corner: Concrete foundation for wet plant
Slide 11: Groundworks; preparing for site wide utilities and product silos
Engebø Rutile and Garnet Groundworks; preparing for site wide utilities and product silos 1) Left: Cable sleeves for electrical cables laid down and covered in the main process area. 2) Top right corner: Prefabricated E-house for Transformer and MCC installed in Primary crushing chamber. Concrete fo
Slide 12: Fabrication of mechanical packages are well underway
Engebø Rutile and Garnet Fabrication of mechanical packages are well underway CPI1 Package name In fabrication Wet Vibrating Screens √ Stack Sizer Screens √ Rod Mill √ Vertical Stirred Mill √ Thickener √ Spiral Concentrators √ WHIMS √ HTRS √ Rare Earth Magnetic Separators √ RER Magnetic Separators √
Slide 13: Recruitment of operational resources according to plan
Engebø Rutile and Garnet Recruitment of operational resources according to plan • Onboarding of key management resources complete and already focusing on building up business systems for operations • Successful recruitment program in Q3 securing planned onboarding in Q1-24 • Maintenance management a
Slide 14: Full production of rutile and garnet sold on contract for the first 5 years
Engebø Rutile and Garnet Full production of rutile and garnet sold on contract for the first 5 years Rutile (TiO2) titanium feedstock • Production of approx. 35.000 tpa in dry bulk • Europe and Japan will be main destinations Garnet (Abrasive material for water jet cutting and blasting) • Production
Slide 15: Engebø will produce the world's most climate friendly titanium feedstock
Engebø Rutile and Garnet Engebø will produce the world’s most climate friendly titanium feedstock Life Cycle Analysis proves superior rutile product1 Global Warming Potential 3.3 2,3 kgCO2 eq. per kg product concentrate 2,2 2 0,79 0,41 0,5 0,17 Natural Natural Titanium Natural Titanium Synthetic Tit
Slide 16: Taking action for biodiversity
Engebø Rutile and Garnet Taking action for biodiversity Environmentally responsible • As a response to the United Nation’s goal to stop loss of biodiversity, Nordic Mining has adopted a goal of net biodiversity gain over the life of mine for the Engebø project • A Biodiversity Action Plan has been d
Slide 17: Engebø will report according to TSM from day one
Engebø Rutile and Garnet Engebø will report according to TSM from day one ENERGY COMMUNITIES AND PEOPLE ENVIRONMENTAL STEWARDSHIP EFFIENCY Crisis Indigenous and Biodiversity Energy Use and Management and Safety and Preventing Child Tailings Water Community Conservation GHG Emissions Communication He
Slide 18: Update of environmental baseline ongoing
Engebø Rutile and Garnet Update of environmental baseline ongoing Water sampling, vibration measurements 18
Slide 19: Safety – Environment – Innovation. Thank you!
Safety – Environment – Innovation Thank you! www.nordicmining.com www.nordicmining.com