Nordic Mining Asa · OSL:NOM
Nordic Mining Asa — Q2 2020 Earnings Presentation
17 slides from Nordic Mining Asa's earnings presentation, Aug 18, 2020
Slide 1: Minerals for a sustainable future
Well funded Large deposit with unique location Minerals for a sustainable future All major permits in place OAX: NOM Valuable investment in lithium Q2 2020 Presentation August 18, 2020
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
Agenda 1. Introduction 2. Engebø Rutile and Garnet 3. Keliber Oy Lithium 4. Financial update 5. Q & A 3
Slide 4: Minerals for a sustainable future
Minerals for a sustainable future Rutile • Environmentally friendly pigment • Air cleaning surface materials • Energy efficient air transportation • Health applications Garnet Engebø Rutile • Health and environmentally friendly (TiO2) and Garnet cutting and blasting material (100%) Lithium • Batteri
Slide 5: Highlights
Highlights ➢ Engebø operational license granted, regulation for water supply in process ➢ Uncertainties caused by the Covid-19 pandemic remain, both short and long term ➢ Prudent and strategic development expenditures - financial flexibility retained ➢ Value Engineering indicates significant potenti
Slide 6: Agenda
Agenda 1. Introduction 2. Engebø Rutile and Garnet 3. Keliber Oy Lithium 4. Financial update 5. Q & A 6
Slide 7: Long-term fundamentals supportive for Engebø project
Long-term fundamentals supportive for Engebø project Market uncertainty due to the Covid-19 pandemic: • Leading pigment and titanium producers report decline in sales for Q2 • Further reduction in global rutile supply: The price for rutile has increased in 1H 2020 • The demand for garnet is affected
Slide 8: Revision of DFS - increasing project robustness
Revision of DFS - increasing project robustness Value Engineering carried out by leading engineering firm Ausenco • Fit-to-purpose focus: The process reveals opportunities to reduce CAPEX • Optimized mine methodology and scheduling may improve project value • Alternative solutions are evaluated for
Slide 9: Proactive and integrated approach to ESG
Proactive and integrated approach to ESG Take climate responsibility • Company’s ESG goals are based on the United Nation’s sustainable development goals • Our goals are integrated in our Project development in accordance with high international standards Reduce environmental footprint • Participati
Slide 10: Engebø project – focus on environmental and social performance
Engebø project – focus on environmental and social performance Implementation of Management Programmes A Project Life Cycle Approach • Environmental Monitoring • Stakeholder Engagement Plan • Extractive Waste Management • Emergency Prevention and Preparedness • Energy Management • Rehabilitation and
Slide 11: Agenda
Agenda 1. Introduction 2. Engebø Rutile and Garnet 3. Keliber Oy Lithium 4. Financial update 5. Q & A 11
Slide 12: Keliber Oy - Lithium
Keliber Oy - Lithium • Keliber has decided to increase production capacity and to relocate the mineral concentrator plant • Mr. Riku Sauso appointed as new CFO in Keliber Oy • EIA process for the Päiväneva mine submitted to the local authority *) • Metso Outotec chosen as partner for basic engineeri
Slide 13: Agenda
Agenda 1. Introduction 2. Engebø Rutile and Garnet 3. Keliber Oy Lithium 4. Financial update 5. Q & A 13
Slide 14: Consolidated income statement
Consolidated income statement Q2-2020 Q2-2019 Acc. 2020 Acc. 2019 2019 Unaudited Unaudited Amounts in NOK million Unaudited Unaudited Audited - - Sales - - - (2.6) (3.0) Payroll and related costs (6.3) (7.2) (15.5) (0.1) (0.0) Depreciation and amortization (0.1) (0.1) (0.2) (5.0) (17.7) Other operat
Slide 15: Consolidated statement of financial position
Consolidated statement of financial position 30.06.2020 31.12.2019 Amounts in NOK million Unaudited Audited ASSETS Evaluation and exploration assets 26.4 26.1 Property, plant and equipment 0.4 0.5 Right-of-use assets 0.1 0.1 • Balance sheet remains solid Financial assets 86.1 90.8 Total non-current
Slide 16: Agenda
Agenda 1. Introduction 2. Engebø Rutile and Garnet 3. Keliber Oy Lithium 4. Financial update 5. Q & A 16
Slide 17: Q&A
Q&A 17