Nordic Mining Asa · OSL:NOM
Nordic Mining Asa — Q2 2019 Earnings Presentation
23 slides from Nordic Mining Asa's earnings presentation, Aug 23, 2019
Slide 1: Minerals for a sustainable future – Q2 2019 presentation
Minerals for a sustainable future OAX: NOM Q2 2019 presentation Oslo, 23 August 2019 Ivar S. Fossum CEO Birte Norheim CFO Kenneth N. Angedal PM Engebø
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
1. Introduction 2. Financial update 3. Engebø Rutile and Garnet 4. Keliber Oy Lithium 5. Q & A 3
Slide 4: Highlights
Highlights • Detailed regulation plan approved • Application for operational license issued for public hearing • Potential to increase mineable ore significantly • Issuance of market quotations (RFQs) close to finalisation • Positive market outlooks 4
Slide 5: Financial update
1. Introduction 2. Financial update 3. Engebø Rutile and Garnet 4. Keliber Oy Lithium 5. Q & A 5
Slide 6: Consolidated income statement
Consolidated income statement Q2-2019 Q1-2019 Q2-2018 (Amounts in NOK million) Unaudited Unaudited Unaudited • Operating loss reflects the cost of ongoing DFS activities Sales - - - • Valuation for Keliber on the Payroll and related costs (3,0) (4,3) (2,7) same basis as prior quarter Depreciation an
Slide 7: Consolidated statement of financial position
Consolidated statement of financial position 30.06.2019 31.03.2019 31.12.2018 (Amounts in NOK million) Unaudited Unaudited Audited ASSETS Evaluation and exploration assets 25,8 25,7 25,6 • Financial asset comprise investment Property, plant & equipment 0,4 0,4 0,2 Financial assets 113,5 113,1 - in K
Slide 8: Financing plan
Financing plan • Remaining pre-construction capital requirement of approximately NOK 70m • Notice for EGM-authorization to execute a rights issue up to NOK 35m • Completion of DFS represents a key milestone for the Engebø project and will form the basis for further financing • Key options under asse
Slide 9: Engebø Rutile and Garnet
1. Introduction 2. Financial update 3. Engebø Rutile and Garnet 4. Keliber Oy Lithium 5. Q & A 9
Slide 10: Project development highlights
Project development highlights Detail regulation plan approved - Improved pit access - Infrastructure improvements - Strategic ore scheduling and stockpiling Mine optimization completed - Increased mineable ore - Reduced waste rock - Extended open-pit mine life Engineering and specifications for DFS
Slide 11: Detailed regulation plan approved
Detailed regulation plan approved 11
Slide 12: DFS Progress
DFS Progress Activities 2019 Q1 Q2 Q3 Q4 Mining studies Mining optimization schedule Process testwork Engineering Procurement/RFQs Construction execution plan Capex estimate Opex estimate Risk management / QRA Final economic analysis DFS report Today Cost Economic Test work Engineering RFQs Reportin
Slide 13: Project execution model
Project execution model • EPCM as preferred execution model • Strong involvement by owners team(NM) • Increased execution flexibility Strong collaboration between major contractors • Integrated project team • Partner focus instead of supplier focus • Challenges is solved together Design for efficien
Slide 14: Overall site plan
Overall site plan Civil and earthworks Process module manufacturing Electrical and automation Comminution 14
Slide 15: Underground crushing chamber
Underground crushing chamber 15
Slide 16: Modularized Process Plant
Modularized Process Plant Design for effective construction, transportation and operation 16
Slide 17: Process area overview
Process area overview Compact design enables options for increased operational flexibility 17
Slide 18: Keliber Oy Lithium
1. Introduction 2. Financial update 3. Engebø Rutile and Garnet 4. Keliber Oy Lithium 5. Q & A 18
Slide 19: Keliber Oy
Keliber Oy Ullava < ? Emmes ® r. Outovesi ¥ | Mineral resources (June 2018) 2a) Total 9.47 cease f N Gon $ te oe + 2 September September” November" March2006" June 2017 "June 208 ET post wz 2013 OM Kansakoski Core reserves are included in the winrolResurces Ss Estntes prepared by Competent Persons n
Slide 20: Keliber Oy
Keliber Oy TENTATIVE TIMELINE REACHING FULL PRODUCTION IN 2022 (ESTIMATE @) KELIBER Additional drilling } Additional testing i Financing & supply-agreement | negotiation : ¥ Permitting | ¥ Basic Engineering iv iv iv iv
Slide 21: Q & A
1. Introduction 2. Financial update 3. Engebø Rutile and Garnet 4. Keliber Oy Lithium 5. Q & A 21
Slide 22: Highlights
Highlights • Detailed regulation plan approved • Application for operational license issued for public hearing • Potential to increase mineable ore significantly • Issuance of market quotations (RFQs) close to finalisation • Positive market outlooks 22
Slide 23: Safety – Environment - Innovation
Safety – Environment - Innovation www.nordicmining.com