Nordic Mining Asa · OSL:NOM
Nordic Mining Asa — Q2 2015 Earnings Presentation
22 slides from Nordic Mining Asa's earnings presentation, Aug 14, 2015
Slide 1: Q2 2015 Presentation
Q2 2015 Presentation Oslo, 14 August 2015 Exploration and production of high-end minerals and metals Nordic Mining ASA | N-0250 Oslo | Norway | Tel +47 22 94 77 90 | Fax +47 22 94 77 01 | Org. no 989 796 739 | post@nordicmining.com 1
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: Introduction, Financial status, Update on projects
1. Introduction 2. Financial status 3. Update on projects - Engebø rutile - Kvinnherad quartz - Nordic Ocean Resources - Keliber Oy 4. Questions
Slide 4: Minerals for a sustainable future
Platinum, Palladium Minerals for a sustainable future Reinfjord Nordic Rutile AS Lithium Titanium Nordic Quartz AS Quartz Nordic Ocean Resources AS (80%) Keliber Oy (25%) 4
Slide 5: Our consumption of Raw Materials
Our consumption of Raw Materials Industriens forbrug af Ar 2000 _metaller gennem 300 ar i i Efter Van Schaik & Reuter, 2012
Slide 6: Introduction, Financial status, Update on projects
1. Introduction 2. Financial status 3. Update on projects - Engebø rutile - Kvinnherad quartz - Nordic Ocean Resources - Keliber Oy 4. Questions
Slide 7: Consolidated Income Statements
Consolidated Income Statements Q2-2015 Q2-2014 Acc. 2015 Acc. 2014 2014 Unaudited Unaudited Amounts in NOK million Unaudited Unaudited Audited - - Sales - - - (2.2) (6.3) Payroll and related costs (3.9) (7.9) (10.8) (1.6) (1.8) Other operating expences (3.1) (3.1) (6.1) (3.8) (8.2) Operating loss (7
Slide 8: Consolidated Statements of Financial Position
Consolidated Statements of Financial Position 31.06.2015 31.12.2014 Amounts in NOK million Unaudited Audited ASSETS Investment in an associate 8.8 11.1 Other non-current assets 6.9 6.8 Total non-current assets 15.8 17.9 Cash 6.5 14.4 Other current assets 1.5 2.1 Total current assets 8.1 16.5 Total a
Slide 9: Shareholder structure and share price development
Shareholder structure and share price development Largest shareholders* Share overview and share price development* Name of shareholder No. of shares % Share overview 1 NORDNET BANK AB (NOMINEE) 24 013 285 7,8 % Stock symbol NOM 2 SKAGEN VEKST 18 416 432 6,0 % Stock exchange Oslo Axess 3 NORDEA BANK
Slide 10: Introduction, Financial status, Update on projects
1. Introduction 2. Financial status 3. Update on projects - Engebø rutile - Kvinnherad quartz - Nordic Ocean Resources - Keliber Oy 4. Questions
Slide 11: Current project activities:
Current project activities: • Recruitment of a focused project team for Engebø is ongoing • During June it was carried out a review of the forthcoming drilling program with regard to assumptions, budget and schedule. A Quality Assurance Program to be established. • Screening of candidates for Techni
Slide 12: Rutile price development
Rutile price development • Soft market in 2013 and 2014 due to slower growth in China, feedstock de-stocking and reduced demand in industrialised countries • During 2015, stronger economic conditions in the USA are expected to support pigment demand and the titanium metal market • Longer-term, restr
Slide 13: Engebø rutile, misc. permitting
Engebø rutile, misc. permitting • The Ministry of Climate and Environment has received two appeals regarding the waste disposal permit: - Joint appeal from the The Norwegian Society for the Conservation of Nature, Natur og Ungdom, and Vevring og Førdefjorden miljøgruppe - Appeal from the Association
Slide 14: Vulcano Titanium
Vulcano Titanium 14
Slide 15: Introduction, Financial status, Update on projects
1. Introduction 2. Financial status 3. Update on projects - Engebø rutile - Kvinnherad quartz - Nordic Ocean Resources - Keliber Oy 4. Questions
Slide 16: Nordic Quartz AS
Nordic Quartz AS Drilling of the Kvinnherad Quartz deposit Nordic Mining’s subsidiary Nordic Quartz AS has entered into a contract with Geo Drilling AS in order to carry out drilling of its High Purity Quartz (“HPQ”) deposit in Kvinnherad municipality in western Norway. Drilling will commence early
Slide 17: Introduction, Financial status, Update on projects
1. Introduction 2. Financial status 3. Update on projects - Engebø rutile - Kvinnherad quartz - Nordic Ocean Resources - Keliber Oy 4. Questions
Slide 18: Nordic Ocean Resources AS
Nordic Ocean Resources AS Nordic Ocean Resource participates in “MarMine”, a new research initiative on seabed minerals The Research Council of Norway has granted up to NOK 25 million to “MarMine”, a research project on marine mineral resources. The project is coordinated by the Norwegian University
Slide 19: Introduction, Financial status, Update on projects
1. Introduction 2. Financial status 3. Update on projects - Engebø rutile - Kvinnherad quartz - Nordic Ocean Resources - Keliber Oy 4. Questions
Slide 20: Keliber – project update
Keliber – project update • Rights issue of EUR 0.6 million successfully concluded in June/July 2015 • Nordic Mining participated pro-rata to its 25% shareholding • The proceeds will be used for further development work, i.a. the ongoing Pre-feasibility Study (PFS) • Sweco Industry Oy has been assign
Slide 21: Assignment of advisor to explore strategic/financial options
Assignment of advisor to explore strategic/financial options Nordic Mining has assigned Swedbank to assist in exploring alternatives with regards to potential financial or strategic investors and/or partners, and to carry out a review of strategic alternatives 22
Slide 22: Thank you for the attention
Thank you for the attention www.nordicmining.com 23