Nordic Mining Asa · OSL:NOM
Nordic Mining Asa — Q3 2019 Earnings Presentation
21 slides from Nordic Mining Asa's earnings presentation, Nov 21, 2019
Slide 1: Minerals for a sustainable future – Q3 2019 presentation
Minerals for a sustainable future OAX: NOM Q3 2019 presentation Oslo, 21 November 2019 Ivar S. Fossum CEO Birte Norheim CFO
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 supported by local authorities • DFS close to finalisation, presentation of main results in January 2020 • Construction financing preparations commenced 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 Q3-2019 Q2-2019 Q3-2018 (Amounts in NOK million) Unaudited Unaudited Unaudited • Operating loss reflects the cost of ongoing DFS activities Sales - - - Payroll and related costs (4,2) (3,0) (3,1) • Valuation for Keliber on the Depreciation and amortisation - - - same ba
Slide 7: Consolidated statement of financial position
Consolidated statement of financial position 30.09.2019 30.06.2019 31.12.2018 (Amounts in NOK million) Unaudited Unaudited Audited ASSETS Evaluation and exploration assets 26,0 25,8 25,6 • Financial asset comprise Property, plant & equipment 0,4 0,4 0,2 investment in Keliber Oy Financial assets 115,
Slide 8: Financing
Financing Rights issue • Rights issue of 25,000,000 shares at a subscription price of NOK 1.40 per share and gross proceeds of NOK 35 million successfully completed in October • Solid participation from existing shareholders; approx. 51% oversubscription • The main purpose of the rights issue was to
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 Open pit resources increased Final testing of crushing technology completed Improved mineral recoveries Assessment of quotations ongoing 10
Slide 11: Regulation and permits
Regulation and permits Land regulation: ▪ Detailed regulation approved by Naustdal municipality in August ▪ Regulation of water pipeline expected in the near future Operational License: ▪ Askvoll municipality supported the application in council 18 September ▪ Naustdal municipality supported the app
Slide 12: Core elements of the operational license
Core elements of the operational license ▪ Operational scope ▪ Methodology of mining ▪ Safety of operations ▪ Resource utilization ▪ Rehabilitation 12
Slide 13: Timeline towards production
Timeline towards production 2019 2020 2021 2022 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Definitive feasibility study FEED Offtake agreements Construction financing Construction period Production ramp- up 13
Slide 14: Environmental and social responsibility
Environmental and social responsibility ➢ Health and Safety ➢ Community engagement ➢ Gender equality and diversity ➢ Climate action ➢ Sustainable use of marine and terrestrial ecosystems 14
Slide 15: Keliber Oy Lithium
1. Introduction 2. Financial update 3. Engebø Rutile and Garnet 4. Keliber Oy Lithium 5. Q & A 15
Slide 16: Continous increase of the resource base
Continous increase of the resource base Measured and Indicated Mineral Resources 14,00 12,00 10,00 8,00 6,00 4,00 2,00 0,00 • Almost doubling since the 2016 PFS; 24% increase from 2018 • Rapasaari resource estimates updated in September with about 40% increase
Slide 17: Temporary market decline for lithium products; long term fundamentals unchanged
Temporary market decline for lithium products; long term fundamentals unchanged • European battery production capacity is increasing • Hydroxide expected to be the dominant lithium chemical for batteries • Electrification of transportation (vehicles, ships and possibly also airplanes) and energy sto
Slide 18: Permitting uncertainty and technical clarifications
Permitting uncertainty and technical clarifications • Keliber’s ongoing permitting activity relates to: – Syväjärvi deposit – Rapasaari deposit – Kalavesi concentrator plant – Kokkola chemical plant • Permitting timelines are uncertain due to possible appeals • Keliber has identified technical and e
Slide 19: Q & A
1. Introduction 2. Financial update 3. Engebø Rutile and Garnet 4. Keliber Oy Lithium 5. Q & A 19
Slide 20: Highlights
Highlights • Detailed regulation plan approved • Application for operational license supported by local authorities • DFS close to finalisation, presentation of main results in January 2020 • Construction financing preparations commenced 20
Slide 21: Safety – Environment - Innovation
Safety – Environment - Innovation www.nordicmining.com