Beowulf Mining Plc · LSE:BEM
Beowulf Mining — Nordic Mining Investment Conference, 17 April 2018
16 slides from Beowulf Mining's conference presentation, Apr 18, 2018
Slide 1: Beowulf Mining plc, Helsinki, April 2018
BEOWULF MINING plc Helsinki, 17 April 2018 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
Introduction • Exploration and development in Sweden and Finland • Multi commodity exposure: iron ore; graphite; and base metals • Focus on developing sustainable and innovative projects, moving into production, generating positive cashflow • Opportunistic for M&A • Open-minded on how to build capab
Slide 4: Corporate Profile
Corporate Profile Sweden (AktieTorget) Share price (16 April) BEO 0.75 Shareholdings Market Cap. (SEK, millions) 58.4% shares, over 9,000 SDR holders 416.7 London (AIM) Share price (16 April) BEM 6.65p Shareholdings Market Cap. (GBP, millions) 41.6% shares, over 500 shareholders 35.5 2017 - Average
Slide 5: Since 2015 – Survival and Resilience
Since 2015 – Survival and Resilience • Previous management left the Company in 2014/2015 • Turnaround executed • Fundraisings – 2015: £1.0m @ 1.2p and 1.25p – 2016: £2.5m @ 3.25p and 4.2p, including SEK10m raised in Sweden – 2017: £1.5m @ 6.5p • 58.4% Swedish shareholder base, almost quadrupled sinc
Slide 6: Directors and Management
Directors and Management Göran Färm, Non-Executive Chairman Göran was born in 1949, and has been an elected Member of European Parliament (“MEP”) from 1999 to 2004 and, then again, from 2007 to 2014. Göran was also Deputy Mayor of Norrköping during the 1990s. Göran has experience in industrial polic
Slide 7: 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 8: Kallak - Magnetite Iron Ore Project
Kallak - Magnetite Iron Ore Project • Defined resource with upside potential • Excellent infrastructure – road access, Kallak North 40km from rail, power Exploration • Future workforce on the doorstep Kallak South target • SEK 77 million invested 90-100Mt at 22-30% Fe • Designated an Area of Nationa
Slide 9: Kallak – 4 to 5 years from production
Kallak – 4 to 5 years from production • Magnetite: – Upgrades > 71% iron content with low levels of impurities – ‘Super’ High Grade and purity should attract price premium • Added bonus of hematite concentrate stream > 68% iron content • Scoping Study underway with SRK • Awaiting Government decision
Slide 10: Åtvidaberg – Focus On Copper and Zinc
Åtvidaberg – Focus On Copper and Zinc • Southern Sweden, mined 1800-1900s • Bersbo - historic mining of eastern limb of a syncline, plunging northwest • 3-D modelling of mining areas and orebodies, shows that mines around Bersbo appear to have been shut while still mining zinc mineralisation (massiv
Slide 11: Bersbo – Exploration Targets
Bersbo – Exploration Targets • 3-D modelling and geophysics point to prospective targets: • Target 5 at the hinge of the syncline • Targets 1 & 2 for the eastern limb, eastwards, with potential for additional mineralised width, or bodies of parallel mineralisation • Target 3 to the northwest, potent
Slide 12: Graphite in Finland - Aitolampi
Graphite in Finland - Aitolampi • 2017/2018 - 2,774m drilled • Drilling has confirmed that EM conductive zones are associated with wide zones of graphite mineralisation • Strike length of at least 350m along the main, drill tested, conductive zone, which extends for 700m • The zones, which dip betwe
Slide 13: Aitolampi – Concentrates' Market Potential
Aitolampi – Concentrates’ Market Potential • Focus on moving down the ‘value-chain’ as far is as sensible to do so • Almost perfect crystallinity, an important prerequisite for high tech applications, such as lithium ion batteries • Volatiles are low, which is an attractive product attribute in many
Slide 14: Aitolampi – Purification Results
Aitolampi – Purification Results • Alkaline purification produced: • 99.86 per cent C(t) for +100-mesh concentrate • 99.82 per cent C(t) for -100-mesh concentrate • Acid purification produced: • 99.60 per cent C(t) for the +100-mesh • 99.41 per cent for the –100-mesh concentrate. • Both sets of puri
Slide 15: Summary - Beowulf in 2018
Summary - Beowulf in 2018 • Graphite – Leveraging Nordic enthusiasm for battery minerals • Aitolampi – Resource definition, metallurgical testwork, Scoping Study • Other graphite assets – desktop studies/geophysics, building out workplans for each prospect • Åtvidaberg – Targeting zinc and copper •
Slide 16: Kurt Budge Chief Executive Officer
www.beowulfmining.com Kurt Budge Chief Executive Officer kurt.budge@beowulfmining.com
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