Nordic Mining Asa · OSL:NOM
Nordic Mining Asa — Keliber Oy — Investor Presentation (November 2017)
29 slides from Nordic Mining Asa's investor presentation, Nov 1, 2017
Slide 1: KELIBER - Lithium Mining for Rapidly Growing Markets
KELIBER - Lithium Mining for Rapidly Growing Markets High-Purity Lithium Carbonate for Sustainable Energy PERTTI LAMBERG / CEO / November 1, 2017
Slide 2: Disclaimer
Disclaimer This document will be used by Keliber Oy for supporting additional information like www.keliber.fi and oral presentation. Therefore, this document is incomplete without the oral explanations, comments and supporting instruments that were submitted during the referred presentation. To the
Slide 3: Global Demand for Lithium
Global Demand for Lithium
Slide 4: Increase in need for lithium
Increase in need for lithium Rechargeable battery sector driver for growth Forecast consumption of lithium by first use, 2016-2031 (000t LCE) • Increasing global demand driven 5 000 by the rechargeable battery 4 500 4 000 sector, which is forecast to 3 500 register 23.9%py growth through 3 000 2 500
Slide 5: Increase in need for lithium: price forecast
Increase in need for lithium Price forecast for battery-grade lithium carbonate • Lithium carbonate prices started to rise in Chinese spot market in H2 2015 • Contract pricing started to rise in China and elsewhere in Asia in 2016 and have continued to rise world wide in 2017 • US$10 000/t is expect
Slide 6: Increase in need for lithium
Increase in need for lithium Towards a more mobile and sustainable world Estimated lithium requirement in batteries Increasing demand for Mobile phone 1–3g Smartphone 2–3g Lithium-ion batteries Tablet 20 – 30 g Laptop 30 – 40 g Power tool 40 – 60 g • mobile electronics Hybrid vehicle – Plug-in 1.6 –
Slide 7: Lithium-ion Megafactories
Lithium-ion Megafactories New lithium battery projects have been announced in Europe by SDI Samsung (Hungary), Daimler (Germany), Nissan (UK), Northvolt (Sweden), LG (Poland) and Tesla (location TBD) Source: Benchmark Mineral Intelligence, 2017
Slide 8: Keliber as a European Producer
Keliber as a European Producer Key strengths • Definitive Feasibility Study on-going –project is in excellent development phase for the global, growing markets • Geographical location offers stable regulatory environment and excellent infrastructure with a strong existing logistics chain • Selected
Slide 9: Growing Resources and High Exploration Potential
Growing Resources and High Exploration Potential
Slide 10: Development of mineral resources
Development of mineral resources Sufficient for production of 9,000 tons of lithium carbonate per annum for +10 years Mineral Resources (0.5 % Li2O cut-off) June 2017 March 2016 November 2014 1.19 (Li20 %) September 2013 1.26 1.24 (Li20 %) September 2012 1.19 (Li20 %) 1.15 (Li20 %) (Li20 %) 1 590 00
Slide 11: Excellent exploration potential
Excellent exploration potential One of the most significant lithium-bearing areas in Europe Overview of concession areas • The lithium-rich province of Central Ostrobothnia covers over 500 sq. km • A number of unexplored areas and excellent potential for further discoveries • More than 1400 erratic
Slide 12: Active exploration
Active exploration First exploration programs already in 1960's • Six well-known deposits have been explored in various stages • Geological Survey of Finland and Keliber alone have drilled these deposits for circa 50 kilometers, total of almost 500 drill holes Amount of diamond drilling at the areas
Slide 13: Active exploration
Active exploration Lithogeochemical exploration method • Lithogeochemical halo: Anomalous values of some indicator elements and the ratios of some specific elements in the rim of spodumene pegmatites give a broader target area for exploration • Lithogeochemical exploration method can be used for sam
Slide 14: From Ore Reserves to High Quality Product
From Ore Reserves to High Quality Product
Slide 15: Growing Reserves
Growing Reserves Latest estimate of mineral resources and ore reserves (million metric tonnes) Mt Länttä Syväjärvi Outovesi Rapasaari Leviäkangas Emmes Total RESOURCES (June 2017) Measured 0.437 0.810 - - - - 1.247 Indicated 0.910 1.160 0.283 3.456 0.190 0.820 6.818 Total 1.347 1.970 0.283 3.456 0.1
Slide 16: Sizeable deposits
Sizeable deposits Significant upside potential Rapasaari deposit Syväjärvi deposit Rapasaari deposit - consists of Syväjärvi deposit -consists of a main vein, several pegmatite veins -thickness of which is divided into two separate pegmatite the veins varies from a few meters veins in places - also
Slide 17: Favourable mineralogy
Favourable mineralogy • Host rock of lithium ore is spodumene pegmatite. Spodumene is comprising on average 18 weight % in modal abundance • Spodumene is favorable mineral (high in lithium, no harmful elements, easy to concentrate) • Main gangue minerals: Albite, Quartz, Potassium feldspar, Muscovit
Slide 18: Clean tech process
Clean tech process Efficient and environmentally sound production of high purity lithium carbonate Soda leaching process developed together with Outotec Pre-float Qtz-Fsp Sand • Optical sorting Rejects (apatite conc) & Fines • Valuable by- products • Concentrate grade optimization Spodumene concentr
Slide 19: Battery-grade lithium carbonate
Battery-grade lithium carbonate 9000 tonnes per year • Battery grade lithium carbonate (Li₂CO₃ min. 99.5 %) can be used in the manufacturing of batteries intended for • portable electronics, • electric tools, • electric means of transport • Lithium carbonate from Länttä spodumene pegmatite ore test
Slide 20: Potential by-products
Potential by- products Analcime and Quartz-feldspar • Analcime is a porous zeolite with a number of potential industrial uses • a molecular sieve • an agent in the manufacture of cement, concrete, ceramic tiles and asphalt • Fine-grained quartz feldspar sand • various uses as a filler, in for instan
Slide 21: Innovation and R&D
Innovation and R&D Several areas • Exploration methods • Ore characterization • Metallurgical flowsheet development • On-line measurement methods • By-product development • Battery chemicals R&D Several partners • Geological Survey of Finland • University of Oulu • Kokkola University Consortium Chyd
Slide 22: Strong commitment to sustainability
Strong commitment to sustainability Sustainable production process and proactive environmental actions • Production process designed to be efficient and environmentally friendly simultaneously enabling superior quality end-product • Optical sorting reduces the amount of waste rock going through the
Slide 23: From a Project to Production
From a Project to Production
Slide 24: Way to production
Way to production Definitive feasibility study and preparation for production Tentative timeline for the next stages 2017 2018 2019 2020 Permitting (environmental, mining and other) October 2017 – April 2018 Basic Engineering October 2017 – April 2018 Detailed Engineering May 2018 – March 2019 Main
Slide 25: Committed and skillfull management
Committed and skillfull management Management team Pertti Lamberg Jaakko Vilponen Manu Myllymäki Pentti Grönholm • CEO since 2016 • Chair of the • Chief Financial Officer • Chief Production • Chief Geologist management group since 2016 Officer since 2017 since 2017 Olle Sirén Kari Wiikinkoski Jarmo
Slide 26: Finnish majority ownership
Finnish majority ownership Largest shareholders • The company is owned by Finnish investment companies and private investors. The largest shareholder is the Norwegian company Nordic Mining ASA Total number of shares Percentage Nordic Mining ASA 239,044 22.1 Tesi Industrial Management Oy 190,662 17.6
Slide 27: Current activity
Current activity • Additional process test work to reconfirm recent positive results in minerals processing tests • Additional drilling to further increase of the resource base • Trade-off study of location of the lithium carbonate plant between Kalavesi Kaustinen and Kokkola Industrial Park (KIP) •
Slide 28: Project in a nutshell
Project in a nutshell Lithium carbonate production with high value creation potential • Efficient and environmentally sound production 1 Innovative clean tech process • Potential for recovery of valuable by-products Production of • 9,000 tonnes of lithium carbonate per annum for +10 2 high purity li
Slide 29: KELIBER – Lithium Mining for Fast Growing Markets
KELIBER – Lithium Mining for Fast Growing Markets