Green Minerals As · OSL:GEM
Green Minerals As — Investor Presentation (June 2021)
21 slides from Green Minerals As's investor presentation, June 2021
Slide 1: Green Minerals: Enabling the green shift
sf GREEN MINERALS Enabling the green shift JUNE 2021
Slide 2: Forward-looking statements
1 Introduction 2 3 4 Forward-looking statements Green Minerals • All statements contained in this presentation that are not statements of historical facts, including statements on projected operating results, financial position, business strategy and other plans and objectives for future results, co
Slide 3: Our mission
1 Introduction 2 3 4 Our mission Deliver minerals for the Green Shift in a responsible and sustainable manner 3
Slide 4: Creating an industry bellwether
1 Introduction 2 3 4 Creating an industry bellwether 3 Well-defined roadmap and string of newsflow ▪ Near term updates: − Partner/cooperation agreements; LOI with Oil States Industries (UK) Ltd signed on March 23rd − Additional key hires, targeting 4 PhD`s giving impetus to our industry leading 2 po
Slide 5: Our vision: Creating the marine minerals value chain
1 Introduction 2 3 4 Our vision: Creating the marine minerals value chain 5
Slide 6: Massive global demand for new metals sources
1 2 Market backdrop 3 4 Massive global demand for new metals sources Commentary >$1trn in key metals capex needed by 2035 Cumulative capex: current commitments and AET-2 scenario ▪ Massive need for new source of metals as the world requirements, USDbn electrifies and digital technology becomes avail
Slide 7: However, supply is limited
1 2 Market backdrop 3 4 However, supply is limited Commentary Global Production selected minerals (2018) ▪ Several environmental and social challenges with 21% traditional metal production 29% 33% Copper Cobalt 40% Zinc 45% 3% − 70 % of the world's cobalt is mined in the D.R. of 25,000 162 12,500 4%
Slide 8: Emerging copper supply gap
1 2 Market backdrop 3 4 EMERGING COPPER SUPPLY GAP Global copper market balance Copper supply gap vs price S Source: Goldman Sachs Investment Research 8
Slide 9: Traditional mining vs deep sea mining
1 2 Market backdrop 3 4 Traditional mining vs deep sea mining Onshore mining Deep sea mining Change C02 equivalent emissions (Gt.) 1.5 0.4 -70% Impact of minerals to 1bn electric cars Ore use (Gt.) 25 6 -75% Deforestation (Sqm) 66,000 5,200 -92% Solid waste (Gt.) 64 0 -100% Freshwater ecotoxicity (1
Slide 10: NCS – the most attractive area in the world to kickstart the industry from
1 2 Market backdrop 3 4 NCS – the most attractive area in the world to kickstart the industry from Commentary The Mohns & Kniprovich ridges ▪ Mineral exploration on the Norwegian continental shelf (“NCS”) is attractive for several reasons: − Size and richness of reserves − One nation state, one regu
Slide 11: Key events towards exploration license awards in 2024 and production in 2028
1 2 Market backdrop 3 4 Key events towards exploration license awards in 2024 and production in 2028 Q1 2021 Q4 Q2 2019 2021 Pre - opening Impact 2021 2022 Impact 2022 2023 State Assessment Public Assessment ownership Consultation carried out Public Decision Opening process Deadline Coordinated by C
Slide 12: Our team
1 2 3 Company overview 4 Our team Ståle Maxime Ståle Espen Øivind Dahl- Gunnar Rodahl Lesage Monstad Simonstad Stamnes Jansen Chief Geoscientist & Senior Advisor Board member CEO Executive Chief Engineer Head of Exploration Geoscience Chairman • 30 years in the • 10+ years • 25+ years • 10+ years •
Slide 13: Supporting global sustainability
1 2 3 Company overview 4 Supporting global sustainability Providing Fighting child Creating Reducing waste Enabling CO2 Reducing minerals for the labor while sustainable generation and reduction deforestation green transition creating Rare Earth enabling being key sustainable Elements (REE) companie
Slide 14: Overview of the value chain
1 2 3 Company overview 4 Overview of the value chain Onshore processing Exploration Offshore production Offshore logistics facility Regional exploration: • Excavation: • Ore transport • Comminution (using Crawlers/trenchers crushers) • Bathymetry (large-scale) – • Personnel transfer e.g. satellite d
Slide 15: Partners and affiliations
1 2 3 Company overview 4 Partners and affiliations Onshore processing Exploration Offshore production Offshore logistics facility To be named Potential universal partners Battery Copper end- Academia producers users 15
Slide 16: Secured partnerships with Seabird Exploration and Oil State Industries
1 2 3 Company overview 4 Secured partnerships with Seabird Exploration and Oil State Industries Partnership with Seabird Exploration LOI signed with consortium led by Oil States ▪ In March 2021, Green Minerals signed a LOI with a consortium led by Oil States Industry to collaborate on a FEED study f
Slide 17: Our strategy
1 2 3 Company overview 4 Our strategy Short term Medium term Long term Ultimately Win exploration and production Expand our portfolio to Transform into a truly circular To be recognized as a pioneer licenses to capitalize on >NOK international licenses and economy business model by and leader of the
Slide 18: Aspirational targets (I)
1 2 3 4 The road ahead Aspirational targets (I) Exploration Development/Production Finished product/processing ▪ Expect first Research cruise in 2021, incl ▪ First system ready to operate in 2026 ▪ Annual gross value of ore from start ecosystem impact evaluation (pilot): production of (based on curr
Slide 19: Aspirational targets (II)
1 2 3 4 The road ahead Aspirational targets (II) Commentary Key metrics - 30MT deposit example ▪ One Green Minerals full scale production system: Metric Unit − Flow rate: min 5-8000 tonnes/day Mineral resources Million tons 30 − Utilisation: min 200+ days/year Enrichment (CuEq) % 5.3 − Annual ore pr
Slide 20: Investment highlights
1 2 3 4 The road ahead Investment highlights Green Minerals 1 Marine Minerals needed for the Green Shift >NOK 1000bn opportunity on NCS 2 GEM with capital-light partnership strategy across 3 the entire value chain Well-defined roadmap and triggers towards first 4 licenses in 2023 and pilot productio
Slide 21: Green Minerals
sf GREEN MINERALS Enabling the green shift