Beowulf Mining Plc · LSE:BEM
Beowulf Mining — Future Mine and Mineral 2019
22 slides from Beowulf Mining's conference presentation, Feb 1, 2019
Slide 1: Beowulf Mining plc
BEOWULF MINING plc Future Mine and Mineral, 28 January 2019 0
Slide 2: Disclaimer
Disclaimer The presentation has been prepared by Beowulf Mining Plc (the “Company” or “Beowulf”) solely in connection with providing information on the Company and may be subject to change. It is being issued only to certain persons on the basis that they fall within one of the exemptions contained
Slide 3: Introduction to Beowulf Mining
Introduction to Beowulf Mining • Public company, listed in London and Stockholm, registered in the UK • Listed in Sweden since 6 August 2008 • 60.65% owned by Swedish retail shareholders • Exploration and development • Nordic focus, but with an interest in Kosovo • Multi-commodity exposure: iron ore
Slide 4: Kallak - Magnetite Iron Ore Project
Kallak - Magnetite Iron Ore Project • Discovered by the SGU in 1940s and Designated an Area of National Interest in February 2013, affording it protection against competing land use Kallak North and measures that may hinder future potential mineral extraction Kallak South Exploration • Exploitation
Slide 5: Sweden - Comparative Advantage (January 2016)
Sweden - Comparative Advantage (January 2016) • Attractive geology • Valuable mining sector – Mining, equipment and service companies – Knowledge, Expertise, Competence • Innovation leadership • Infrastructure – Road, rail, ports, hydro-electric power • Low sovereign risk • Competitive fiscal regime
Slide 6: Sweden – Attracting Investment
Sweden – Attracting Investment “The right conditions for a strong Swedish mining and minerals industry.” 5
Slide 7: Investment Attractiveness
Sweden’s Decline “Sweden is a stable system; however, there is still room for 2016 improvement. Investors have concerns over permit delays, Investment Attractiveness lengthy legal disputes, and 8th inconsistent environmental regulations.” Source: Fraser Institute: Annual Survey of Mining Companies:
Slide 8: Mining Analyst Comments re: Kallak
Mining Analyst Comments re: Kallak “The lengthy delays in permitting Kallak North reveal that there is still a political risk to mining even in stable and secure jurisdictions with “The authorities in Sweden appear to have established legal systems and such risks are not, given the company a bit of
Slide 9: Real Life as a Public/Pre-Revenue Company
Real Life as a Public/Pre-Revenue Company Reliance on equity capital markets Fundraising Subscription (£m) Price 2015 1.0 1.2p and 1.25p 2016 2.5 3.25p and 4.2p 2017 1.5 6.5p 2018 1.5 5p 2018 - Average Daily Share Trading Volume – 1.3 million shares (7.6m in 2017) 8
Slide 10: Sustainable Mining
Sustainable Mining • Working in partnership with, and investing in the community • Designing, engineering, innovating and planning a mining operation that is: – Fit for…….purpose, the environment, community, its location, infrastructure, markets, and financing • Responsible extraction of natural res
Slide 11: Our Approach
Our Approach “Visar respekt för alla intressenter” “Vill samverka lokalt” “Står för ansvarsfull utveckling” “Showing respect to all our stakeholders” “Becoming a local partner” “Delivering responsible development” “Kunnioittaa kaikkia sidosryhmiä” “Toimia yhteistyössä paikallisten kanssa” “Vastuulli
Slide 12: Balancing Stakeholder Interests
Balancing Stakeholder Interests • We speak with and listen to all stakeholders • It’s not a case of mining or reindeer herding or tourism, as all can prosper side-by-side • The mining sector in Sweden already cooperates with Sami reindeer herders • Kallak is a transformational opportunity for Jokkmo
Slide 13: Kallak – 'Big Picture' – Vision for Jokkmokk
Kallak – ‘Big Picture’ – Vision for Jokkmokk • Our target is to create 250 direct jobs and over 300 indirect jobs in Jokkmokk, over the period that a mine is in operation. • Jobs that could be sustained over a period of 25 years or more, if the Kallak South deposit is mined after the Kallak North de
Slide 14: 'It's not just about the mine'
‘It’s not just about the mine’ 13
Slide 15: Mining Lifecycle
Mining Lifecycle Rainton Meadows – former opencast coal mine, now home of Durham Wildlife Trust and recipient of Durham County Council Environment Award 14
Slide 16: Keep Your Perspective – Land Use
Keep Your Perspective – Land Use • Sweden (45 million ha): • Mining areas ~ 9,000ha or ~ 0.02% of Sweden’s land area (41 million ha) • Protected areas 8.6 million ha (national parks, Natura 2000 etc) • Sami have rights for reindeer husbandry over ~ 50% of Sweden • Kallak is 1,360ha, and represents ~
Slide 17: Final Thought
Final Thought “You are only as good as your last job.” Richard Budge 1947-2016 16
Slide 18: Appendices
Appendices g BEOWULF MINING plc 17
Slide 19: Kallak – ANI status since February 2013
Kallak –ANI status since February 2013 18
Slide 20: Kallak – Environmental Impact Assessment
Kallak – Environmental Impact Assessment ‘The Company’s application for an Exploitation Concession includes a technical description: - covering the Concession Area, the actual deposit to be mined, and the operational facilities necessary to support mining; and - a comprehensive Environmental Impact
Slide 21: Kallak - Proximity to Laponia
Kallak - Proximity to Laponia Laponia's boundary has been established to protect what lies within the boundary, and not to restrict development, such as Kallak, which is located far beyond any conceivable 'buffer zone’ 20
Slide 22: Kurt Budge Chief Executive Officer
www.beowulfmining.com Kurt Budge Chief Executive Officer kurt.budge@beowulfmining.com