Green Minerals As · OSL:GEM
Green Minerals As — Q3 2022 Earnings Presentation
16 slides from Green Minerals As's earnings presentation, Oct 28, 2022
Slide 1: Q3 2022 Presentation – 28 October 2022
Enabling the green shift Q3 2022 Presentation – 28 October 2022 Ståle Monstad, CEO 27.10.2022
Slide 2: 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
Slide 3: Outline
Outline • Building a new industry for Norway • Q3 highlights • 2022 Milestones updates • Strategic priorities • Operations and financials 27.10.2022 – page 3
Slide 4: A new Industry for Norway- from exploration to batteries
A new Industry for Norway- from exploration to batteries Our vision is to create a marine minerals value chain through partners and affiliations, where GEM explores and operates the licenses Exploration Research Production Transport Processing Battery Source: Upper left Adepth minerals, Exploration
Slide 5: Future Nordic value chain
Future Nordic value chain • Several battery Giga factories under construction • Short transportation • Onshore mining increased focus • Norwegian government Mineral strategy • Existing infrastructure • VMS processed in Sweden • Cheap and emission free energy in Northern Norway • Proximity to the met
Slide 6: Main development
Main development Key financials for Q3 2022 Highlights for Q3 2022 Income statement Q3 2022 Q2 2022 Q3 2021 2021 (NOK '000) • Successfully completed a private placement where we issued 1,160,000 new shares raising a gross amount of NOK 11.6 million Revenue - - - - Operational expenses -585 -2 523 -2
Slide 7: Mineral characterization XCT - 3D texture
Mineral charecterization XCT - 3D texture Sample 1: Chimney Sample 2: SMS Volume estimated: • ~3% Porosity • ~6 % Weathered, • 91% Sulphides 27.10.2022 – page 7
Slide 8: Theoretical Grade-Recovery Curve (TGR)
Theoretical Grade-Recovery Curve (TGR) • TGR are used to assist and optimise mineral processing operations 100 Maximum achievable concentrate grade Cu Grade of concentrate (wt%) 90 (only liberated Ccp and Cc) • It sets the limits in terms of the best possible grade that can be achieved for a given r
Slide 9: Can SMS ore from the Mid Ocean Ridge be processed in existing plants?
Can SMS ore from the Mid Ocean Ridge be processed in existing plants? Aim is to demonstrate that SMS ore can be processed in existing Joma Gruver, Røyrvik, Norway plants in the Nordics ….like Ongoing study on SMS samle from the TAG area Chalcopyrite (copper mineral) Boliden Skellefteå, Sweden 27.10.
Slide 10: Public Consultation
Public Consultation • The Norwegian Oil & Energy Department (OED) send the Environmental Impact Assessment for Deep Sea Mining out on public consultation on October 27th. • The duration of the public consultation period is 3 months, and it ends on January 27th 2023. • Faximile from the impact assess
Slide 11: 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 Assessment 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+ remar
Slide 12: 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 carried out a metallurgy • NPD has carried out research cruises • Continue expanding our partnership ridge with ProjectULTR
Slide 13: 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 14: Aspirational targets – operations and financials
Aspirational targets – operations and financials DEVELOPMENT / PRODUCTION FINANCIAL TARGETS DE-RISKING >$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,
Slide 15: Green Minerals summary
Green Minerals summary • A pioneer and frontrunner in marine minerals in Norway • Opening decision in 7-10 months expected, public consultation announced this week • USA and the EU declare > 30 minerals critical to national security • Norway has the second longest portion of spreading ridge within o
Slide 16: Enabling the green shift Q&A
Enabling the green shift Q&A 27.10.2022