Nordic Mining Asa · OSL:NOM
Nordic Mining Asa — Q1 2015 Earnings Presentation
30 slides from Nordic Mining Asa's earnings presentation, May 12, 2015
Slide 1: Q1 2015 Presentation
Q1 2015 Presentation Oslo, 12 May 2015 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: Agenda: Introduction, Financial status, Update on projects
1. Introduction 2. Financial status 3. Update on projects - Engebø rutile - Nordic Ocean Resources - Keliber Oy 4. Questions
Slide 4: Approved industrial area plan and discharge permit for the Engebø rutile project
Approved industrial area plan and discharge permit for the Engebø rutile project 4
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: Our consumption of Raw Materials
Our consumption of Raw Materials Industriens forbrug af Ar 2000 _metaller gennem 300 ar i i Efter Van Schaik & Reuter, 2012
Slide 7: Agenda: Financial status
1. Introduction 2. Financial status 3. Update on projects - Engebø rutile - Nordic Ocean Resources - Keliber Oy 4. Questions
Slide 8: Consolidated Income Statements
Consolidated Income Statements Q1-2015 Q1-2014 Acc. 2015 Acc. 2014 2014 Unaudited Unaudited Amounts in NOK million Unaudited Unaudited Audited - - Sales - - - (1.7) (1.6) Payroll and related costs (1.7) (1.6) (10.8) (1.5) (1.3) Other operating expences (1.5) (1.3) (6.1) (3.2) (2.8) Operating loss (3
Slide 9: Consolidated Statements of Financial Position
Consolidated Statements of Financial Position 31.03.2015 31.12.2014 Amounts in NOK million Unaudited Audited ASSETS Investment in an associate 8.6 11.1 Other non-current assets 6.9 6.8 Total non-current assets 15.5 17.9 Cash 11.3 14.4 Other current assets 1.9 2.1 Total current assets 13.2 16.5 Total
Slide 10: 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) 25 852 617 8,4 % Stock symbol NOM 2 SKAGEN VEKST 18 416 432 6,0 % Stock exchange Oslo Axess 3 MP PENSJON
Slide 11: Agenda: Update on projects
1. Introduction 2. Financial status 3. Update on projects - Engebø rutile - Nordic Ocean Resources - Keliber Oy 4. Questions
Slide 12: Nordic Mining group structure
Nordic Mining group structure NORDIC MINING ASA NORDIC QUARTZ NORDIC OCEAN NORDIC RUTILE AS KELIBER OY AS RESOURCES AS 100% 25 % 100 % 80% 12
Slide 13: Nordic Rutile, road map ahead
Nordic Rutile, road map ahead Strengthening of the project team in Nordic Rutile AS Project development towards feasibility stages Local presence and cooperation Assessment of cooperation and partnership Establish basis for further financing 13
Slide 14: Nordic Rutile, project development towards feasibility stages
Nordic Rutile, project development towards feasibility stages Resource classification Process tests and optimalisation Review of mine plan and strategy Supply of process water and electrical power Pre-feasibility study Engineering Cost studies and economic analysis Reputable technical
Slide 15: Project development – tentative timeline
Project development – tentative timeline 2015 2016 2017 2018 Permits Resource classification Process tests & optimalisation Water & power supply Eng. & cost review Pre-feasibility Study Pilot production Basic engineering Market/offtake Def. feasibility study(DFS) Project financing Investment decisio
Slide 16: Agenda: Nordic Ocean Resources
1. Introduction 2. Financial status 3. Update on projects - Engebø rutile - Nordic Ocean Resources - Keliber Oy 4. Questions
Slide 17: Nordic Ocean Resources AS
Nordic Ocean Resources AS Norwegian University of Science and Technology (NTNU) is strengthening its competence NORA and NTNU are considering a new research project
Slide 18: Do we have the mindset to move forward?
Do we have the mindset to move forward? We want to challenge the authorities to speed up exploration activity by unleashing the private interest in Norway and internationally Inspire exploration activity by issuing exploration licenses Studies and exploration activity will act as a catalyst fo
Slide 19: Deep sea mining, does it belong to the future?
Deep sea mining, does it belong to the future ? Bigelow Aerospace Shackleton Energy We are witnessing impressive and visionary initiatives in the aerospace industry 19
Slide 20: ‘Cantra(tor Guoblolony =
‘Cantra(tor Guoblolony = as
Slide 21: Let's go under water!
Let’s go under water! )\ th) NORDIC OCEAN RESOURCES AS NORDIC MiINninG GROUP ND) 21
Slide 22: Agenda: Keliber Oy
1. Introduction 2. Financial status 3. Update on projects - Engebø rutile - Nordic Ocean Resources - Keliber Oy 4. Questions
Slide 23: Keliber Oy
Keliber Oy THesLithiomprovinceyor, GentrallOstrobpothnia . 6 j Fa EAN GS > @)KELIBER Bhan HT ar Ae ee
Slide 24: Keliber Oy – Steadily increasing resource base
Keliber Oy – Steadily increasing resource base Category Deposit Tonnage (1,000 tonnes) Li2O % Measured Länttä 433 1.12 Indicated Länttä 868 1.06 Syväjärvi 1,668 1.34 Rapasaari 1,956 1.25 Outovesi 289 1.49 Leviäkangas 190 1.13 Emmes 818 1.40 Indicated total 5,789 1.28 Measured and indicated total 6,2
Slide 25: Keliber Oy – Indicative roadmap
Keliber Oy – Indicative roadmap Completion of environmental impact assessments Q2 2015 Prosess test work and optimisation Q3 2015 Compilation of Pre-feasibility study Q3 2015 Product samples for commercial testing Q4 2015 Bankable feasibility study 2016 Consideration of further financing based on pr
Slide 26: Questions and answers regarding disposal of tailings in the Førde fjord (1)
Questions and answers regarding disposal of tailings in the Førde fjord (1) Why does the processing of ore produce tailings? Nearly all mining and processing of ore produce residue material in one form or the other. Tailings are the materials left over after the process of separating the valuable mi
Slide 27: Questions and answers regarding disposal of tailings in the Førde fjord (2)
Questions and answers regarding disposal of tailings in the Førde fjord(2) Will fish and seafood from the fjord be safe to eat? Yes, it is safe to eat fish and seafood from the fjord when disposal of tailings is carried out. There are no substances or conditions that will have negative effect on foo
Slide 28: Questions and answers regarding disposal of tailings in the Førde fjord (3)
Questions and answers regarding disposal of tailings in the Førde fjord(3) Will fish and seafood from the fjord be safe to eat? Yes, it is safe to eat fish and seafood from the fjord when disposal of tailings is carried out. There are no substances or conditions that will have negative effect on foo
Slide 29: Annual General Meeting 2015
Annual General Meeting 2015 Date: 19 May 2015 at 16.30 hrs Place: Thone Conference Center Hotel Vika Atrium (meeting room beside the hotel reception) Notice of attendance: Latest by 15 May at 16.00 hrs Summons and documents: www.nordicmining.com All shareholders are welcome to attend the general mee
Slide 30: Thank you for the attention
Thank you for the attention www.nordicmining.com 30