Nordic Mining Asa · OSL:NOM
Nordic Mining Asa — Q3 2018 Earnings Presentation
38 slides from Nordic Mining Asa's earnings presentation, Nov 8, 2018
Slide 1: Q3 2018 Presentation
OAX: NOM Q3 2018 Presentation Oslo, 8 November 2018 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 and garnet - Keliber, lithium 4. Q&A
Slide 4: Developing high-value assets in the Nordic Region
Developing high-value assets in the Nordic Region Pd Pt Platinum, Palladium Ti Engebø Rutile and Garnet (100%) Si Li High Purity Quartz Keliber Oy Lithium (22%) 4
Slide 5: Valuable markets for Nordic Mining's minerals
Valuable markets for Nordic Mining’s minerals Rutile Global market: ~0.8 million tonnes Nordic Mining: ~33 thousand tonnes (~4%) ~850 USDm 2) Lithium ~0.36 million tonnes Nordic Mining*: ~11 thousand tonnes (~3%) Applications Garnet ~3 900 USDm 3) Pigment Titanium Welding rods ~1.4 million tonnes Ke
Slide 6: Two valuable assets in pipeline towards construction
Two valuable assets in pipeline towards construction 6
Slide 7: Introduction, Financial status, Update on projects
1. Introduction 2. Financial status 3. Update on projects - Engebø, rutile and garnet - Keliber, lithium 4. Q&A
Slide 8: Consolidated Income Statements
Consolidated Income Statements Q3-2018 Q3-2017 Acc. 2018 Acc. 2017 2017 Unaudited Unaudited Amounts in NOK million Unaudited Unaudited Audited - - Sales - - - (3.1) (1.8) Payroll and related costs (7.7) (8.1) (10.9) - - Depreciation and amortisation (0.1) (0.1) (0.2) (14.3) (6.7) Other operating exp
Slide 9: Consolidated Statements of Financial Position
Consolidated Statements of Financial Position 30.09.2018 31.12.2017 Amounts in NOK million Unaudited Audited ASSETS Evaluation and exploration assets 27.9 21.6 Property, plant and equipment 0.3 0.2 Investment in an associate 22.8 29.3 Total non-current assets 50.9 51.1 Cash 29.8 21.5 Other current a
Slide 10: Rights Issue
Rights Issue • On 1 November, an EGM of the Company resolved a rights issue as follows: • Proceeds up to NOK 40m (~17.4 million shares) • Subscription price of NOK 2.30 • Tradable subscription rights trading 6-16 November • Subscription period for shares 6-20 November • Approx. NOK 11m pre-committed
Slide 11: Introduction, Financial status, Update on projects
1. Introduction 2. Financial status 3. Update on projects - Engebø, rutile and garnet - Keliber, lithium 4. Q&A
Slide 12: Engebø Rutile and Garnet
Engebø Rutile and Garnet 13
Slide 13: Engebø timeline towards construction
Engebø timeline towards construction 2016 2017 2018 2019 2020 2021 2022 Timeline to production Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Resource classification #1 Resource classification #2 Prefeasibility study Definitive feasibility study Offtake agreement
Slide 14: Definitive Feasibility Study – comprehensive test work
Definitive Feasibility Study – comprehensive test work • Process test work; repeatability and variability tests and optimization studies are ongoing • Certain aspects of the mineralogy and texture of the Engebø deposit is complex. Therefore, the ongoing process test work is comprehensive • Additiona
Slide 15: Mining schedules open pit
Mining schedules open pit Mining Boundary
Slide 16: Mining schedules open pit
Mining schedules open pit Pushback 1 – Phase 1 Lowest Level of Mining: 197
Slide 17: Mining schedules open pit
Mining schedules open pit Pushback 1 – Phase 2 Lowest Level of Mining: 150
Slide 18: Mining schedules open pit
Mining schedules open pit Pushback 2 – Phase 1 Lowest Level of Mining: 225
Slide 19: Mining schedules open pit
Mining schedules open pit Pushback 2 – Phase 2 Lowest Level of Mining: 150
Slide 20: Mining schedules open pit
Mining schedules open pit Pushback 2 – Phase 3 Lowest Level of Mining: 105
Slide 21: Mining schedules open pit
Mining schedules open pit Pushback 2 – Phase 4 Lowest Level of Mining: 45
Slide 22: Mining schedules open pit
Mining schedules open pit Ultimate Pit Lowest Level of Mining: 45
Slide 23: Underground facilities for crushing, ore storage and conveying
Underground facilities for crushing, ore storage and conveying 24
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Slide 25: fon
er fon co-tterol NURSES
Slide 26: Zoning plan for fresh water pipeline & powerline
Zoning plan for fresh water pipeline & powerline 27
Slide 27: Engineering, county road 611
Engineering, county road 611 Kote 46 Kote 36 28
Slide 28: Archeological investigations completed
Archeological investigations completed All areas clarified for construction 29
Slide 29: Infrastructure and operational readiness
Infrastructure and operational readiness Activity Completion ---------------------------------------------------------------------------- • Detailed regulation of process and mining area May 2019 • Regulation of pipeline for water supply March 2019 • Review of infrastructure for power supply Dec 201
Slide 30: Rutile is on an upward cycle
Rutile is on an upward cycle Supply issues and increasing demand tighten the feedstock markets “…… means the already tight rutile market, plagued by supply disruptions, will tighten further this year. Illuka also said that demand for high-grade titanium ores remains very strong. Tight market conditi
Slide 31: Introduction, Financial status, Update on projects
1. Introduction 2. Financial status 3. Update on projects - Engebø, rutile and garnet - Keliber, lithium 4. Q&A
Slide 32: Keliber – Lithium from Europe for future energy solutions
Keliber – Lithium from Europe for future energy solutions
Slide 33: Finland well positioned for battery production growth
Finland well positioned for battery production growth Raw materials From mines to chemicals Strong political support • Keliber May 2018: The Finnish Li Norilsk Nickel worlds largest government announced Ni producer (30 % of production significant support for Ni refined in Finland) the Finnish batter
Slide 34: Concentrator plant in Kalavesi
Concentrator plant in Kalavesi Concentrator plant in Kalavesi Designed for ore throughput of 600 000 tpa (nominal value)
Slide 35: Chemical plant in Kokkola Industrial Park
Chemical plant in Kokkola Industrial Park Nameplate capacity of 11,000 tons Area reservation for possible expansions
Slide 36: Keliber adopts to market changes in the battery manufacturing
Keliber adopts to market changes in the battery manufacturing November 6th:
Slide 37: Introduction, Financial status, Update on projects
1. Introduction 2. Financial status 3. Update on projects - Engebø, rutile and garnet - Keliber, lithium 4. Q&A
Slide 38: Safety – Environment - Innovation
Safety – Environment - Innovation www.nordicmining.com 3 9