Green Minerals As · OSL:GEM
Green Minerals As — Q3 2023 Earnings Presentation
18 slides from Green Minerals As's earnings presentation, Nov 3, 2023
Slide 1: Q3 2023
Q3 2023 Oslo November 3, 2023 Ståle Rodahl, Executive Chairman Ståle Monstad, CEO
Slide 2: Financial Highlights
Financial Highlights Key figures Q3 2023 Q3 2022 2022 2021 All figures in NOK '000 (except equity ratio) (Unaudited) (Unaudited) (Audited) (Audited) Revenues - - 206 - Operating expenses -1,658 -585 -11,330 -10,651 EBITDA -1,658 -585 -11,124 -10,651 EBIT -1,658 -585 -11,124 -10,651 Profit/(loss) -1,
Slide 3: Q3 Highlights
Q3 • Norwegian Parliament sets decision date for the opening of Norway’s EEZ. Highlights • ISA council in Kingston sets new deadline for completion of Mining Code for international waters. • Go North research cruise discovers a large hydrothermal field between Svalbard and Greenland. • The first pha
Slide 4: Timeline for license award in Norway
Timeline for license award in Norway (Q4 2024/Q1 2025) 02.11.2023 page 4
Slide 5: GEM is a front-runner in Norway, and active in the development towards an opening
GEM is a front-runner in Norway, and active in the development towards an opening. • Major political parties are in favour of an opening for exploration. • Responsible Norwegian ministry and agency is supportive. • The offshore industry is ready to take part in DSM. • Green Minerals collaborating wi
Slide 6: Norwegian authorities take their share of the research cost
Norwegian authorities take their share of the research cost • Increase MAREANO funding for environmental baseline research relevant for mineral activity • Institute for Marine Research will get funding to increase the knowledge on regional and local ocean currents in the Norwegian and Greenland Sea
Slide 7: Geostrategy demands an independent copper production
Geostrategy demands an independent copper production “If China’s dominance of rare earth element supplies is the global energy transition’s ‘elephant in the room,’ then copper is the 800-pound gorilla,” • China's significant state-owned or influenced copper production and processing capabilities, al
Slide 8: China’s control of foreign metal production
China’s control of foreign metal production 02.11.2023 page 8
Slide 9: A Significant Resource on a Global scale
A Significant Resource on a Global scale NPD Resource report Global annual NPD/Global Metal NPD (Tons) production prod. (Tons) Copper 38 100 000 21 000 000* 1.8x Gold 2 317 3 090** 0.8x Silver 85 200 24 000* 3.6x Cobalt 1 000 000 170 000* 5.9x *All the metals we mined in 2021: Visualized - MINING.CO
Slide 10: GoNorth research cruise
GoNorth research cruise • Collaboration between 13 Norwegian research institutions • Known hydrothermal activity since 2004, but never confirmed • “Lucky Ridge is composed of mantel rock that are normally covered by the crust” «One of the biggest hydrothermal fields we know of, and it was a surprise
Slide 11: Proving blendability SMS/VMS
Proving blendability SMS/VMS • Green Minerals has acquired extra SMS material and secured VMS (copper ore) from a mining major with ongoing operations in Finland • Plan: • SMS flotation study completed in September • Blending of SMS/VMS in November • Results: • Preliminary results shows high-recover
Slide 12: Partnership for responsible production
Partnership for responsible production Concept Study on Harsh Environment Deep-Sea Mining System in progress. First batch of results received. OSI has delivered risers for Allseas/TMC (Nodules) and Japanese consortium (SMS). SMD delivered mining machines for previous SMS mining projects. OSI has bec
Slide 13: ISA 28th session, July 2023
ISA 28th session, July 2023 • Agreed to continue the work on the Mining Code for international waters. • New final date for the completion of the regulation set to July 2025. • Norway is involved in several working groups, including the Financial Terms and Compliance. • Also countries who advocate a
Slide 14: The Pacific
The Pacific Prequalified structure for our merger in the CCZ. Green Minerals participated as part of operators delegation to the 28th ISA Council Meeting in Hawaii Kingston (July 2023) Mexico Our consortium partners have already been CCZ involved in test production in the CCZ. GEM license holder Ini
Slide 15: 2 unique World Class resources
2 unique World Class resources 1,2 % 0,20 % 4% 0,20 % Copper Copper Cobalt Cobalt vs Zinc 0,8 % 31,1 % Manganese Nickel 1,31 % • SMS is mainly a Copper play, but some deposits also show very interesting Cobalt ore grades. • Seafloor Massive Sulphides are 3D deposits, that cover small areas and minin
Slide 16: Key Objectives for 2023
Key Objectives for 2023 1. LICENSE WIN 2. RESEARCH CRUISE 3. PROCESSING STUDY 4. ALLIANCES & PARTNERSHIPS • MoU for a large license in the CCZ • James Cook is leaving for the • GEM has secured more SMS material • Continue expanding our partnership signed. mid-Atlantic Ridge in November. in addition
Slide 17: Green Minerals summary
Green Minerals summary • A pioneer and frontrunner in marine minerals in Norway • Green Minerals working towards transfer of rights and final contract on large nodule license in CCZ, approaching license holder status earlier than previously guided. • Opening decision in Norway expected in January 20
Slide 18: THANK YOU!
Q&A THANK YOU! 02.11.2023