Nordic Mining Asa · OSL:NOM
Nordic Mining Asa — Q1 2018 Earnings Presentation
19 slides from Nordic Mining Asa's earnings presentation, May 15, 2018
Slide 1: Q1 2018 Presentation
OAX: NOM Q1 2018 Presentation Oslo, 15 May 2018 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: Introduction, Financial status, Update on projects, Q&A
1. Introduction 2. Financial status 3. Update on projects - Engebø, rutile and garnet - Keliber, lithium 4. Q&A
Slide 4: Developing high-value assets in the Nordic Region
Developing high-value assets in the Nordic Region Platinum, Palladium Engebø Rutile and Garnet (100%) High Purity Quartz Keliber Seabed minerals Lithium (22%) 4
Slide 5: Financial status
1. Introduction 2. Financial status 3. Update on projects - Engebø, rutile and garnet - Keliber, lithium 4. Q&A
Slide 6: Consolidated Income Statements
Consolidated Income Statements Q1-2018 Q1-2017 Acc. 2018 Acc. 2017 2017 Unaudited Unaudited Amounts in NOK million Unaudited Unaudited Audited - - Sales - - - (1.9) (2.6) Payroll and related costs (1.9) (2.6) (10.9) - - Depreciation and amortisation - - (0.2) (10.1) (7.6) Other operating expences (1
Slide 7: Consolidated Statements of Financial Position
Consolidated Statements of Financial Position 31.03.2018 31.12.2017 Amounts in NOK million Unaudited Audited ASSETS Evaluation and exploration assets 24.0 21.6 Property, plant and equipment 0.2 0.2 Investment in an associate 27.2 29.3 Total non-current assets 51.4 51.1 Cash 64.6 21.5 Other current a
Slide 8: 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) 10 474 025 9,2 % Number of issued shares 113 450 468 2 NORDEA BANK FINLAND (NOMINEE) 5 021 688 4,4 % Ow n
Slide 9: Update on projects: Engebø
1. Introduction 2. Financial status 3. Update on projects - Engebø, rutile and garnet - Keliber, lithium 4. Q&A
Slide 10: World class deposit of high grade rutile and garnet
World class deposit of high grade rutile and garnet Efficient mining concept with minimal footprint 10
Slide 11: Definitive Feasibility Study – steady progress
Definitive Feasibility Study – steady progress • Geotech and resource drilling program completed The program has provided important information for optimization and lay-out of the open pit • Lay-out details and configuration for process and mining service area carried out • Preparations for contract
Slide 12: Definitive Feasibility Study – steady progress
Definitive Feasibility Study – steady progress • Process test work; repeatability and variability tests and optimization studies are ongoing • Certain aspects of the mineralogy and texture of the Engebø deposit is complex. Therefore, the ongoing process testwork is comprehensive and time consuming.
Slide 13: Definitive Feasibility Study – building the team
Definitive Feasibility Study – building the team • Nordic Mining targets to establish a local project team of 6-10 employees in Naustdal • This will include key personnell that also will be responsible for recruitment and training of the operational staff • In addion to ongoing recruitment processes
Slide 14: Mining rights at Engebø
Mining rights at Engebø • On 20 April 2018, Arctic Mineral Resources published information of a mineral project scenario focusing solely on garnet in the future underground mining area for Nordic Mining’s Engebø project • Nordic Mining holds all rights and permits necessary for its current operation
Slide 15: Update on projects: Keliber
1. Introduction 2. Financial status 3. Update on projects - Engebø, rutile and garnet - Keliber, lithium 4. Q&A
Slide 16: Keliber – progressing towards important milestones
Keliber – progressing towards important milestones • DFS well underway, targeted for completion in June 2018 • Updated resource estimates following from last year’s drilling targeted prior to DFS • Environmental permitting process is progressing: • Application submitted for Syväjärvi deposit • Suppl
Slide 17: Financing
Financing ✓ Sufficiently financed until Q4 2018, based on current activity plans ✓ Consideration of various opportunities for further financing is ongoing - New equity - Divestments - Strategic partnerships - Debt instruments Tentative outline of construction financing: Sources of capital • Equity (
Slide 18: Q&A
1. Introduction 2. Financial status 3. Update on projects - Engebø, rutile and garnet - Keliber, lithium 4. Q&A
Slide 19: Safety – Environment - Innovation
Safety – Environment - Innovation www.nordicmining.com 1 9