Nordic Mining Asa · OSL:NOM
Nordic Mining Asa — Q1 2020 Earnings Presentation
16 slides from Nordic Mining Asa's earnings presentation, May 5, 2020
Slide 1: Q1 2020 Presentation
Well funded Large deposit with unique location Minerals for a sustainable future Project with large upside potential OAX: NOM Valuable investment in lithium Q1 2020 Presentation May 05, 2020
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: Agenda
Agenda 1. Introduction 2. Financial update 3. Engebø Rutile and Garnet 4. Keliber Oy Lithium 5. Q & A 3
Slide 4: Minerals for a sustainable future
Minerals for a sustainable future Rutile • Energy efficient air transportation • Environmentally friendly pigment • Air cleaning surface materials • Health applications Engebø Rutile and Garnet (100%) Garnet • Health and environmentally friendly Ti cutting and blasting material Lithium • Batteries f
Slide 5: Highlights
Highlights Equity issue; gross proceeds of NOK 57.4 million Nordic Mining is adequately financed well into 2021 Recent events have lead to significant changes in our outlook: ➢ Spreading of the Coronavirus ➢ Collapse of the oil price ➢ Termination of cooperation with Barton Adapt to different market
Slide 6: Agenda
Agenda 1. Introduction 2. Financial update 3. Engebø Rutile and Garnet 4. Keliber Oy Lithium 5. Q & A 7
Slide 7: Consolidated income statement
Consolidated income statement Q1-2020 Q1-2019 Acc. 2020 Acc. 2019 2019 Unaudited Unaudited Amounts in NOK million Unaudited Unaudited Audited - - Sales - - - (3.7) (4.3) Payroll and related costs (3.7) (4.3) (15.5) (0.1) (0.1) Depreciation and amortization (0.1) (0.1) (0.2) (13.3) (10.9) Other opera
Slide 8: Consolidated statement of financial position
Consolidated statement of financial position 31.03.2020 31.12.2019 Amounts in NOK million Unaudited Audited ASSETS Evaluation and exploration assets 26.2 26.1 Property, plant and equipment 0.4 0.5 Right-of-use assets 0.1 0.1 Financial assets 90.8 90.8 • Financial assets comprise Total non-current as
Slide 9: Adequately financed based on current forecasts and plans
Adequately financed based on current forecasts and plans • Private placement of 28,700,000 shares at a subscription price of NOK 2.00 per share and gross proceeds of NOK 57.4 million successfully completed in January • EGM in February resolved an authorization to the Board to carry out a subsequent
Slide 10: Agenda
Agenda 1. Introduction 2. Financial update 3. Engebø Rutile and Garnet 4. Keliber Oy Lithium 5. Q & A 11
Slide 11: Increasing the resilience of the Engebø project
Increasing the resilience of the Engebø project • Uncertain market conditions for industrial minerals • Trade patterns for Rutile and Garnet may be impacted • Uncertain conditions for project financing Our focus is to increase the resilience of Engebø in order to meet new market conditions. Hence we
Slide 12: Permits and Environmental and Social Management
Permits and Environmental and Social Management Permits and regulation: • Operational license from Directorate of Mining • Approval of zoning plan for water supply ESG: • Stakeholder engagement plan to continue, e.g. establishment of local resource group • Preparation for implementation of Towards S
Slide 13: Agenda
Agenda 1. Introduction 2. Financial update 3. Engebø Rutile and Garnet 4. Keliber Oy Lithium 5. Q & A 14
Slide 14: Keliber Oy - Lithium
Keliber Oy - Lithium • Private placement of EUR 5.8 million completed in March (NM ownership 16.3% after placement) • Hannu Hautala appointed as new CEO from March 16th • Pilot production of lithium hydroxide completed at Outotec • Project review ongoing • Tentative start of construction in 2021 15
Slide 15: Agenda
Agenda 1. Introduction 2. Financial update 3. Engebø Rutile and Garnet 4. Keliber Oy Lithium 5. Q & A 16
Slide 16: Questions?
Questions? 17