Gruvaktiebolaget Viscaria · OMXSTO:VISC
Gruvaktiebolaget Viscaria — Q3 2025 Earnings Presentation
22 slides from Gruvaktiebolaget Viscaria's earnings presentation, Nov 6, 2025
Slide 1: Responsible mining for a sustainable future
Responsible mining for a sustainable future Q3 report July – September 2025 Kiruna 6 November 2025
Slide 2: Disclaimer
Mining for the future 2 Disclaimer Forward-looking statements This presentation contains forward-looking statements, which relate to events or future performance and reflect Gruvaktiebolaget Viscaria (“Viscaria” or the “Company” ) current expectations and assumptions. Such forward-looking statements
Slide 3: Latest events
Mining for the future Latest events • Mandate letter with Societe Generale and ING for SEK 3.9 billion structured debt-based project financing • A directed share issue contributed SEKM 800 • A planned rights issue expected to contribute SEKM 700 • The water treatment plant was inaugurated in October
Slide 4: Strong, supportive and diversified shareholder base
Mining for the future 4 Strong, supportive and diversified shareholder base • A strong and diversifi ed shareholder base - Shareholder base is diverse and highly supportive, # Name # of M shares Capital (%) / Votes (%) 1 Thomas von Koch 20.7 13.8% reflecting confidence in the Company’s long-term 2 S
Slide 5: A unique position Viscaria
Mining for the future A unique position Viscaria • Environmental permit in legal • One of the largest copper projects in Europe force • Exceptional conditions with low carbon footprint • Strong local community ties • Rigorous mining preparations well underway • Funding: SEKM ≈ 3,000 • Successful exp
Slide 6: Mine area overview
Mining for the future Mine area overview Water treatment Parking Offices Viscaria Village Railyard Processing plant Laydown Area Power Landfill for waste from water treatment
Slide 7: Setting a new industry standard with WTP1000 Water Treatment Plant
Mining for the future 7 Setting a new industry standard with WTP1000 Water Treatment Plant Inaugurated 22 Oct • Full-scale capacity of 1,000 m³ per hour. • Setting a new, superior standard exceeding Swedish and international environmental requirements. • Combining sand filtration and ion exchange te
Slide 8: Ongoing activity on site
Mining for the future Ongoing activity on site Processing Plant, Tailings Storage Facility & Railyard
Slide 9: Q3 Geology Update November 2025
Q3 Geology Update November 2025 Ross Armstrong, Head of Geology
Slide 10: Continuing to unlock Viscaria's potential
Mining for the future 10 Geology Highlights, Q3 2025: Continuing to unlock Viscaria’s potential Cross-section of the Viscaria deposit’s A, ABBA, B and D zones Maintained momentum with exploration drilling + 750 m ➢ Approx. 28,000 metres drilled so far this year, with 3 rigs operating in Viscaria pro
Slide 11: Significant growth of Viscaria's Mineral Resources
Mining for the future 11 Recap from Q1: Significant growth of Viscaria’s Mineral Resources + 750 m • In just one year of exploration drilling, 28.3 million tons NW SE of additional Inferred resources have been defined, with an average copper grade of 0.89%, containing over 250 kt of copper • Signifi
Slide 12: D-Zone Exploration Results
Mining for the future SOUTHWEST NORTHEAST Q2 Recap: D-Zone Exploration Results Cu (%) x Thickness (m) <1 Step-out drilling confirmed extension to the Cu-Fe mineralisation, D-Zone Mineral Resource 1-3 delineating a high-grade copper shoot down to 1.3 km depth w/ grade-thickness contours SOUTH SHOOT 3
Slide 13: Exploration drilling in B-zone 'gap' confirms extension to mineralisation
Mining for the future Latest result for Q3: Exploration drilling in B-zone ‘gap’ confirms During previous exploration campaign, B- extension to mineralisation zone Deep resources were defined by extending drill holes from the ABBA zone discovery SOUTHWEST NORTHEAST The ‘gap’ left in the resource mod
Slide 14: Exploration drilling in B-zone 'gap' confirms extension to mineralisation
Mining for the future Latest result for Q3: Exploration drilling in B-zone ‘gap’ confirms extension to mineralisation Massive magnetite overprinted by Cu- and Fe- Stratabound Cu mineralisation hosted by albitised metasediment, slightly sulphides deformed
Slide 15: Responsible exploration within the 'Grand Viscaria' strategy
Mining for the future Application for new exploration permit: Responsible exploration within the • Currently, the main mine area at Viscaria ‘Grand Viscaria’ strategy accounts for just 2% of the total permitted exploration area (ca. 2km² out of 120 km²) • Consolidated permit coverage across the Visc
Slide 16: Reflection seismic investigation for deep targeting in the Viscaria deposit
Mining for the future Collaborative exploration with Uppsala University and BitSimNOW: Reflection seismic investigation for deep targeting in the Viscaria deposit ➢ Survey planned to take place during Summer 2026, utilising both surface and downhole seismic arrays for deep, high-resolution imaging o
Slide 17: Financial Update November 2025
Financial Update November 2025 Jörgen Olsson, CEO
Slide 18: Financial performance in summary
Mining for the future Financial performance in summary MSEK Q3 Q3 Q2 2025 2024 2025 Capitalised expenses related to exploration and evaluation assets 58 104 65 Operating profit -14 -10 -17 Net profit -28 -6 -22 Cashflow for the period -24 -129 -42 Exploration and evaluation assets 1,571 1,213 1,513
Slide 19: Capitalized expenses quarterly
Mining for the future Capitalized expenses quarterly Capitalized expenses related to exploration and 100 evaluation assets, SEK m Capitalized expenses related to exploration and evaluation 50 assets 0 ✓ Drilling and analysis ✓ Preparations for mine-startup Q1 Q1 Q1 Q1 Q2 Q3 Q4 Q2 Q3 Q4 Q2 Q3 Q4 Q2 Q
Slide 20: Summary: De-risked mid-tier copper project targeting 2027 production
Mining for the future 4 Summary: De-risked mid-tier copper project targeting 2027 production Strong support from main and new owners - leading institutional and private investors Financing well advanced Societe Generale and ING mandated lead arrangers in strong competition to arrange a structured pr
Slide 21: Thank you!
Mining for the future Thank you!
Slide 22: Responsible mining for a sustainable future
Responsible mining for a sustainable future
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