Beowulf Mining Plc · LSE:BEM
Beowulf Mining — Investor Presentation (November 2016)
23 slides from Beowulf Mining's investor presentation, November 2016
Slide 1: Beowulf Mining plc, Stockholm, November 2016
BEOWULF MINING plc Stockholm, November 2016 0
Slide 2: Disclaimer
Disclaimer The presentation has been prepared by Beowulf Mining Plc (the “Company” or “Beowulf”) solely in connection with providing information on the Company and may be subject to change. It is being issued only to certain persons on the basis that they fall within one of the exemptions contained
Slide 3: Introduction
Introduction • Nordic focused • Multi commodity exposure • Exploration and development • Assets in Sweden and Finland • Creating shareholder value by advancing projects through development into production and positive cashflow • Opportunistic for M&A whilst preserving the Company’s low sovereign ris
Slide 4: Corporate Profile
Corporate Profile London (AIM) Share price Sweden (AktieTorget) Share price BEM 5.00p (23 Nov) BEO 0.605 (23 Nov) Shareholdings Market Cap. (GBP, millions) Shareholdings Market Cap. (SEK, millions) 51% shares, 49% shares, over 500 shareholders 23.96 over 6000 shareholders 290 Share price graph – 12
Slide 5: Recap - last two years
Recap - last two years • New board and management with interests aligned with shareholders • 100% retail shareholder base; Swedish shareholder base has tripled • Turnaround completed in 2015; costs cut and operational controls enhanced • Fundraisings of £1.0m in 2015 @ 1.2p and 1.25p and £1.5m in 20
Slide 6: Directors and Management
Directors and Management Kurt Budge M.Eng (Mining) ARSM, MBA - Chief Executive Officer Appointed CEO in October 2014, joined the Company as a Non-Executive Director in September 2014 Over 20 years’ sector experience, including five years as a Business Development Executive with Rio Tinto, engage
Slide 7: Our approach
Our approach “Visar respekt för alla intressenter” “Vill samverka lokalt” “Står för ansvarsfull utveckling” “Showing respect to all our stakeholders” “Becoming a local partner” “Delivering responsible development” “Kunnioittaa kaikkia sidosryhmiä” “Toimia yhteistyössä paikallisten kanssa” “Vastuulli
Slide 8: Sweden
BEOWULF MINING plc 1
Slide 9: Sweden
Sweden • Ranked 13th out of 109 by Fraser Institute 2015 Survey • Corporate tax rate 22% • Mineral production tax 0.2% • Established infrastructure – road, rail, ports • Low cost hydro-electric power • Highly skilled mining sector • Innovation focus 8
Slide 10: Kallak - Magnetite Iron Ore Resource
Kallak - Magnetite Iron Ore Resource • Located approximately 40km west of Jokkmokk, Norrbotten County • SEK 71 million invested Kallak North • Defined resource with upside potential Exploration Kallak South target • Excellent infrastructure 90-100Mt at • Designated an Area of National Interest in 22
Slide 11: Kallak - 'Super' High Grade Concentrate
Kallak - ‘Super’ High Grade Concentrate • Magnetite: – Upgrades > 71% iron content with low levels of impurities – High grade and purity should attract price premium – Focus on European & Middle Eastern markets for pellet feed/Direct Reduction Iron (“DRI”) facilities and chemical grade uses • Added
Slide 12: Kallak - Exploitation Concession
Kallak - Exploitation Concession • County Administrative Board (“CAB”) announced, 7 July 2015, that mining is economically relevant and that the Kallak North project generates economic benefits at local, regional and national levels • Mining Inspectorate of Sweden recommended Exploitation Concession
Slide 13: Åtvidaberg nr 1 – Polymetallic Exploration Licence
Åtvidaberg nr 1 – Polymetallic Exploration Licence 2 • 225km , valid for three years from 30 May 2016 • Located in the Bergslagen area, southern Sweden – one of Europe's oldest mining districts – yielded a substantial portion of Sweden's mineral wealth in the 1800-1900s – copper, zinc, lead, gold, s
Slide 14: Åtvidaberg nr 1 – 2016 Recent Highlights
Åtvidaberg nr 1 – 2016 Recent Highlights • Reconnaissance exploration has focused on areas close to former mines, known mineralisation, geophysical anomalies • Bersbo – ‘grab’ samples from road fill of sphalerite (zinc ore) have yielded up to 19.7% zinc; from waste dumps of chalcopyrite (copper ore)
Slide 15: Finland
© } BEOWULF MINING plc
Slide 16: Finland
Finland • Ranked 5th by Fraser Institute 2015 Survey • Corporate tax rate 20% • No mining tax or state royalties • Established infrastructure • Low cost nuclear power • Highly skilled mining sector • Innovation focus 15
Slide 17: Graphite Basics
Graphite Basics • Natural graphite is a very soft mineral, low density, metallic lustre and occurs in several forms, described as amorphous, flake and vein • It has both metallic and non-metallic properties making it suitable for diverse industrial applications – non-metallic properties include chem
Slide 18: Fennoscandian Resources – 100% owned
Fennoscandian Resources – 100% owned • Acquisition provided both commodity diversification and a stepping stone into another established mining jurisdiction • Rasmus Blomqvist, founder and experienced Nordic exploration geologist, joined Beowulf • Portfolio of early stage exploration assets, with su
Slide 19: Haapamäki
Haapamäki • Located in eastern Finland approximately 40km southwest of the well-established mining town of Outokumpu • 100% owned Claim Reservations over an area of 96.58km² and 96.77 km² respectively; exploration permit applications lodged • Shear zone hosted massive coarse graphite, situated near
Slide 20: New discoveries – Pitkäjärvi and Aitolampi
New discoveries – Pitkäjärvi and Aitolampi • Graphitic schists on a fold limb are coincidental with an extensive EM anomaly • Many of the EM zones are obscured by glacial till, but graphite observations in road cuttings and outcrops associated, with abundant EM anomalies • Potential for extensive mi
Slide 21: Graphite – 2016 Highlights
Graphite – 2016 Highlights • Sampling, geological mapping and geophysics surveys undertaken • Airborne EM anomaly from Pitkӓjӓrvi to Aitolampi extends more than 16km in length and up to 0.6 km in width • Pitkäjärvi - 13 ‘grab’ samples with assays between 1.61% and 13.4% graphitic carbon ("Cg") • Kää
Slide 22: Investment Case
Investment Case • Clear strategy for creating value for shareholders • Exciting portfolio of multi commodity exploration and development assets • Situated in low sovereign risk, established mining countries • Using M&A as an accelerator for growth • Realising value through divestments • Management i
Slide 23: Kurt Budge, Chief Executive Officer
www.beowulfmining.com Kurt Budge Chief Executive Officer kurt.budge@beowulfmining.com
Beowulf Mining — Investor Presentation (November 2016) on 6ix