Green Minerals As · OSL:GEM
Green Minerals As — Q2 2022 Earnings Presentation
13 slides from Green Minerals As's earnings presentation, Aug 31, 2022
Slide 1: Q2 2022 Presentation – 31 August 2022
Enabling the green shift Q2 2022 Presentation – 31 August 2022 Ståle Monstad, CEO 31.08.2022
Slide 2: Our vision is to create a marine minerals value chain
Our vision is to create a marine minerals value chain through partners and affiliations, where GEM explores and operates the licenses 31.08.2022 – page 2
Slide 3: Main development
Main development Key financials for Q2 2022 Highlights for Q2 2022 Income statement Q2 2022 Q1 2022 2021 YTD (NOK '000) • Signed extensive MoU with an OSI led consortium, including Transocean. Revenue - - - - • Received all released data from NPD. Started integration into our Operational expenses -2
Slide 4: Preparing for the next stage with a World Class Consortium
Preparing for the next stage with a World Class Consortium MoU signed in August 2022 for delivery of a concept study on Harsh Environment Deep-Sea Mining System “ore from seafloor to port” for exclusive use in Norwegian Major Global Global Pump waters. drilling contractor supplier Project to start i
Slide 5: Recent industry developments
Recent industry developments COOK ISLANDS OMLUS TMC GEM Market cap (USDm) 125 485 15 • License award provides perspective on industry values: Production start (est) 2026 2024 2028 • -3 licenses awarded to Moana Minerals Ltd (OMLUS), CIC Ltd Production in tpa (est) und. 1.3M 1.5M (Oddesey) and CIIC S
Slide 6: Roadmap towards exploration license in '24 and production in '28
Roadmap towards exploration license in ’24 and production in ‘28 State Impact Public Impact Assessment ownership Assesment Consultation carried out Public The Seabed Opening process Deadline 12.04.21 Coordinated by NPD with Consultation started MPD/NPD various institutes and Minerals Act >50+ remark
Slide 7: Expected key milestones during 2022
Expected key milestones during 2022 1. RESEARCH CRUISE 2. METALLURGY ANALYSIS 3. RELEASE OF NPD DATA 4. ALLIANCES & PARTNERSHIPS • Research cruise on the Mid-Atlantic • GEM has initiated a metallurgy • NPD has carried out research cruises • Continue expanding our partnership ridge with ProjectULTRA
Slide 8: Perspective on industry values: NPD data release
Perspective on industry values: NPD data release Data Types Received LOKIS CASTLE AREA • 2,5 TB data • NPD, UIB, UiT • Approx USD 30m/5 years of exploration made available to the industry • Multi Beam Echosounder • Side Scan Sonar • Sub Bottom Profiler • Syntetic Aperture Sonar • Self Potential • Ma
Slide 9: Strategic priorities remain unchanged
Strategic priorities remain unchanged 1. LICENSE AWARD IN NORWEGIAN WATERS 2. PURSUING INTERNATIONAL OPPORTUNITIES • Full life-cycle operation in Norway remains our key focus • We are actively pursuing international opportunities • Norwegian government working towards opening in 2023 • We view both
Slide 10: Onshore ore grade is in structural decline, the era of easy copper is over
Onshore ore grade is in structural decline, the era of easy copper is over Copper Ore grade Chile (%) 1.2 1.0 0.8 0.6 <0,8 % 0.4 0.2 - • Similar to oil, the era for easy onshore copper is over • The average ore grade is decreasing, resulting in: • Higher energy cost per unit produced • Growing waste
Slide 11: The Mohns Ridge contains a potential world class resource
The Mohns Ridge contains a potential world class resource 5,6 % 0,40 % Slabbed sample of SMS from Mohns Ridge Photo courtesy of NPD 0,85 % Average values from twelve valid samples of the Fåvne SMS on the Mohns Ridge off Norway Source: NPD and Google Maps 31.08.2022 – page 11
Slide 12: Aspirational targets – operations and financials
Aspirational targets – operations and financials DEVELOPMENT / PRODUCTION FINANCIAL TARGETS >$100m >$800m De-risking since start up: >$150m • Political - Hurdal platform + LO >$550m • Technical team >50% • Partnerships • NPD/university data • Timeline Cu 5.6% Co 0.4% Other Gross (e.g. Zn, Au, Ag) Re
Slide 13: Disclaimer
Disclaimer 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, constitute forward-looking statements and are prediction