Nordic Mining Asa · OSL:NOM
Nordic Mining Asa — Q1 2016 Earnings Presentation
29 slides from Nordic Mining Asa's earnings presentation, May 13, 2016
Slide 1: Minerals for a sustainable future
Ti Pt Lighter aircrafts Minerals for a Clean air Pd sustainable future Electric cars Li Renewable energy Si 1
Slide 2: Q1 2016 Presentation
OAX: NOM Q1 2016 Presentation Oslo, 13 May 2016 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 - Nordic Rutile - Keliber - Nordic Ocean Resources 4. Questions
Slide 5: 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%) 5
Slide 6: Introduction, Financial status, Update on projects
1. Introduction 2. Financial status 3. Update on projects - Nordic Rutile - Keliber - Nordic Ocean Resources 4. Questions
Slide 7: Consolidated Income Statements
Consolidated Income Statements Q1-2016 Q1-2015 Acc. 2016 Acc. 2015 2015 Unaudited Unaudited Amounts in NOK million Unaudited Unaudited Audited - - Sales - - - (1.6) (1.7) Payroll and related costs (1.6) (1.7) (6.6) (1.6) (1.5) Other operating expences (1.6) (1.5) (6.1) (3.2) (3.2) Operating loss (3.
Slide 8: Consolidated Statements of Financial Position
Consolidated Statements of Financial Position 31.03.2016 31.12.2015 Amounts in NOK million Unaudited Audited ASSETS Evaluation and exploration assets 17.5 9.8 Property, plant and equipment 0.4 0.1 Investment in an associate 12.4 6.2 Total non-current assets 30.3 16.1 Cash 15.7 29.8 Other current ass
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) 30 299 980 7,9 % Stock symbol NOM 2 SKAGEN VEKST 15 819 516 4,1 % Stock exchange Oslo Axess 3 NORDEA BANK
Slide 10: Introduction, Financial status, Update on projects
1. Introduction 2. Financial status 3. Update on projects - Nordic Rutile - Keliber - Nordic Ocean Resources 4. Questions
Slide 11: Engebø
Engebø One of the world’s largest deposits of natural rutile Has the highest grade among current producers and projects Impurities at background levels Located next to tidal waters and European markets Permitted for 50 years of operation 11
Slide 12: Core and geo-stat drilling program completed in April 2016
Core and geo-stat drilling program completed in April 2016 • 38 drill holes of approximately 6,400 meters, primarily in the open pit area • Geotechnical assessments are carried out by Wardell Armstrong, UK • Resource modeling and estimations by Competent Person Adam Wheeler, UK Resource estimations
Slide 13: Ongoing activities towards PFS
Ongoing activities towards PFS • Core logging, inspections, splitting and analysis • Geo-technical logging and ore model analysis • Garnet inspections and analysis • Resource analysis and modeling • Technical advisor, screening and evaluations • Mining plans, scenario reviews and lay-out • Infrastru
Slide 14: Positive long-term price outlook for rutile
Positive long-term price outlook for rutile Selected research reports from Q1 2016 2016 2017 Long-term (Price forecasts in USD per tonne rutile) Royal Bank of Canada (RBC) 813 900 1,100 UBS 800 875 1,300 J.P. Morgan 698 677 1,000 Credit Suisse 750 800 1,250 Investec 763 838 1,020 Maquarie 700 680 81
Slide 15: Introduction, Financial status, Update on projects
1. Introduction 2. Financial status 3. Update on projects - Nordic Rutile - Keliber - Nordic Ocean Resources 4. Questions
Slide 16: Positive Pre-Feasibility Study financials
Positive Pre-Feasibility Study financials Preliminary Keliber key figures Production capacity, Lithium Carbonate (Li2CO3) 9,000 tpy Ore processing capacity 400,000 tpy Operative time (current open pit deposits) 11 years CAPEX EUR 164 million NPV after tax @ 8% WACC EUR 97 million IRR after tax 21% P
Slide 17: Prosperous lithium province provides exploration opportunities
Prosperous lithium province provides exploration opportunities Ore Reserves Category Deposit kt Li2O% JORC Proven Länttä 470 0,95 2012 Probable Länttä 540 0,93 2012 Syväjärvi 1 480 1,19 2012 Rapasaari 1 750 1,09 2012 Outovesi 250 1,20 Proven and Probable 4 490 1,10 Keliber’s exploration drilling p
Slide 18: Deutsche Bank has new report on Lithium
Deutsche Bank has new report on Lithium (25%) 18
Slide 19: Strong growth forecasted
Strong growth forecasted (25%) 19
Slide 20: Driven by the EV market
Driven by the EV market (25%) 20
Slide 21: Strong EV outlook in USA and China
Strong EV outlook in USA and China (25%) 21
Slide 22: Production window for Lithium remains open in Europe
Production window for Lithium remains open in Europe (25%) 22
Slide 23: Introduction, Financial status, Update on projects
1. Introduction 2. Financial status 3. Update on projects - Nordic Rutile - Keliber - Nordic Ocean Resources 4. Questions
Slide 24: Nordic Ocean Resources – Increased interest and momentum
Nordic Ocean Resources – Increased interest and momentum 24
Slide 25: Nordic Ocean Resources – MarMine ready for survey in August 2016
Nordic Ocean Resources – MarMine ready for survey in August 2016 – vessel contracted
Slide 26: Investment highlights
Investment highlights OAX: NOM Titanium - Natural Rutile • World class rutile deposit; 50 years mine life and highest global TiO2 grade • Favourable location and logistics; competitive Capex/Opex Titanium – Natural Rutile • Internal NPV estimate (8%) of USD 466 million • Environmental permit for 50
Slide 27: Summons to the ordinary general meeting 18 May 2016
8.31 AM CET / 26-Apr-2016 / Nordic Mining ASA (OAX:NOM) Summons to the ordinary general meeting 18 May 2016 The ordinary general meeting of the shareholders in Nordic Mining ASA will be held at 16:00 on Wednesday 18 May 2016 at the Company's premises, Vika Atrium, Munkedamsveien 45 (Entrance A, 5th
Slide 28: Introduction, Financial status, Update on projects
1. Introduction 2. Financial status 3. Update on projects - Nordic Rutile - Keliber - Nordic Ocean Resources 4. Questions
Slide 29: SAFETY – ENVIRONMENT - INNOVATION
SAFETY – ENVIRONMENT - INNOVATION www.nordicmining.com 29