Nordic Mining Asa · OSL:NOM
Nordic Mining Asa — Q1 2017 Earnings Presentation
26 slides from Nordic Mining Asa's earnings presentation, May 12, 2017
Slide 1: Minerals for a sustainable future
Ti Pt Lighter aircrafts Clean air Pd Minerals for a sustainable future OAX: NOM Electric cars Li Renewable energy Si 1
Slide 2: Q1 2017 Presentation
OAX: NOM Q1 2017 Presentation Oslo, 12 May 2017 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 2
Slide 3: 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 4: Introduction, Financial status, Update on projects
1. Introduction 2. Financial status 3. Update on projects - Engebø, rutile and garnet - Keliber Oy, lithium - Nordic Ocean Resources, seabed minerals 4. Questions
Slide 5: Developing high-value assets in the Nordic Region
Developing high-value assets in the Nordic Region Platinum, Palladium Rutile and garnet (100%) High Purity Quartz Lithium (22%) Seabed minerals 5
Slide 6: NOM - Attractive value growth proposition
NOM - Attractive value growth proposition OAX: NOM • Profitable first quarter due to upgrade of Keliber value • Fully financed for planned development activities Rutile & Garnet in 2017 • Value increasing feasibility studies well under way • Engebø mining and processing scenarios based on two attrac
Slide 7: Diverse and unique properties, key to a greener society
Ti Diverse and unique properties Key to a greener society Li 7
Slide 8: Introduction, Financial status, Update on projects
1. Introduction 2. Financial status 3. Update on projects - Engebø, rutile and garnet - Keliber Oy, lithium - Nordic Ocean Resources, seabed minerals 4. Questions
Slide 9: Consolidated Income Statements
Consolidated Income Statements Q1-2017 Q1-2016 Acc. 2017 Acc. 2016 2016 Unaudited Unaudited Amounts in NOK million Unaudited Unaudited Audited - - Sales - - - (2.6) (1.6) Payroll and related costs (2.6) (1.6) (7.8) - - Share-based payment - - (1.4) - - Impairment of exploration assets - - (1.3) (7.6
Slide 10: Consolidated Statements of Financial Position
Consolidated Statements of Financial Position 31.03.2017 31.12.2016 Amounts in NOK million Unaudited Audited ASSETS Evaluation and exploration assets 21.3 21.2 Property, plant and equipment 0.3 0.3 Investment in an associate 25.2 15.0 Total non-current assets 46.7 36.6 Cash 62.6 66.1 Other current a
Slide 11: Investment in the associated company Keliber Oy
Investment in the associated company Keliber Oy • As per 31 March 2017, the carrying amount of the investment in Keliber in the consolidated financial statements is NOK 25.2 million • Nordic Mining’s shareholding in Keliber is approximately 22.1% (April 2017) • The subscription price in the private
Slide 12: 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) 8 845 874 9,3 % Number of issued shares 94 825 468 2 NORDEA BANK FINLAND (NOMINEE) 4 652 294 4,9 % Ow ned
Slide 13: Introduction, Financial status, Update on projects
1. Introduction 2. Financial status 3. Update on projects - Engebø, rutile and garnet - Keliber Oy, lithium - Nordic Ocean Resources, seabed minerals 4. Questions
Slide 14: Engebø rutile and garnet
Engebø rutile and garnet One of the world’s largest deposits of natural rutile Highest grade among current producers and projects Significant content of garnet Impurities at background levels Located next to tidal waters and European markets Permitted for 50 years of operation 1 4
Slide 15: TiO2 grade map legend
@] TI02 >= 0.5 AND TI02< 1.5 I Tlo2 >= 1.5 AND TI02 <2 TIO2 >= 2 AND TIO2 <3 ml TI02>=3 AND TI0O2<4 @ Tl02>=4
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Slide 17: Rutile concentrate has three main applications
Rutile concentrate has three main applications: Ti Titanium (12%) TiO2 Pigment (64%) 93 - 95% TiO2 790,000 tpa TiO2 Welding rods (24%) Titanium has unique properties both as oxide and metal
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Slide 19: Communition cycle defined, flowsheet near completion
• Communition cycle defined • Flowsheet configuration near completion • Comprehensive test program for comparison and analysis of different communition setups carried output with Mintek and IMS in South Africa • Various alternatives have been screened based on analysis of i.a. liberation, fines and
Slide 20: Significant progress on garnet processing
Significant progress on garnet processing Garnet consentrate Spiral separation Processed products • Fine garnet products have been produced according to market specifications, with grade at approx. 93% • Comprehensive test work is ongoing in order to improve quality and grade on the coarser garnet p
Slide 21: Process test work with large scale equipment
Process test work with large scale equipment • A rutile concentrate of 95% TiO2 have been produced which meets all market specifications related to impurities and particle size criterias for the pigment industry • Test work has demonstrated recoveries exceeding 50%. Continued test work will focus on
Slide 22: PFS targeted to be finalised during 3rd quarter 2017
PFS targeted to be finalised during 3rd quarter 2017 2016 2017 PFS work packages Aug. Sept. Oct Nov. Des Jan. Feb Mar Apr Mai Jun Jul Aug Sep Resources & Reserves Mining Crushing - Milling Processing Tailings & Waste rock Infrastructure Engineering Market Financial analyses PFS report 23
Slide 23: Good progress on Keliber's lithium project
Good progress on Keliber’s lithium project • Successful equity financing in March/April 201t with gross proceeds of around €10.1 million • Results from 4,000 meter winter drilling campaign expected in Q2 2017 • Feasibility study (DFS) well under way; completion targeted in Q3 2017 • Keliber targets
Slide 24: Norwegian government has issued new seabed minerals code for public hearing
Norwegian government has issued new seabed minerals code for public hearing
Slide 25: Introduction, Financial status, Update on projects
1. Introduction 2. Financial status 3. Update on projects - Engebø, rutile and garnet - Keliber Oy, lithium - Nordic Ocean Resources, seabed minerals 4. Questions
Slide 26: Safety – Environment - Innovation
Safety – Environment - Innovation www.nordicmining.com 2 7