Green Minerals As · OSL:GEM
Green Minerals As — Q2 2024 Earnings Presentation
18 slides from Green Minerals As's earnings presentation, Aug 13, 2024
Slide 1: Q2 2024
Q2 2024 Oslo August 13, 2024 Ståle Rodahl, Executive Chairman Ståle Monstad, CEO
Slide 2: Financial Highlights
Financial Highlights Key figures All figures in NOK '000 Quarters* 6 months ending* Full year* (except equity ratio) Q2 2024 Q2 2023 30.6.24 30.6.23 2023 2022 Revenues - - - - 6 206 Operating expenses -3,742 -4,273 -5,651 -5,290 -10,943 -11,330 EBITDA -3,742 -4,273 -5,651 -5,290 -10,937 -11,124 EBIT
Slide 3: Q2 Highlights
• GEM invited to nominate blocks for the Q2 upcoming licensing round. • All GEM’s priority areas included in the hearing. Highlights • SoDir continues to release data. • GEM holds >50 MUSD worth of exploration data • SoDir data instrumental in exploration strategy • Production system concept study c
Slide 4: Ambition: to become a license holder in one of the worlds most attractive copper resources
Ambition: to become a license holder in one of the worlds most attractive copper resources with the lowest use of capital possible. Subsequently: deliver 1,5mt world class quality ore for off-take Strategy: partnership model & asset light • Norway opening 9 January 2024 • Production concept in place
Slide 5: Nomination process
Nomination process Nomination deadline: May 21 @ 12:00 12.08.2024 5
Slide 6: Suggestion for announcement
Suggestion for announcement • 386 (complete or partial) blocks suggested for announcement • Public hearing deadline Sept 26th • All GEM priority areas in nomination included • Ministry of Energy clearly stated an award of licences before summer 2025 is their goal • Timeline in between assumed, based
Slide 7: New data released from SoDir
New data released from SoDir • Continue to build our subsurface understanding in the deep-sea areas of Norway’s EEZ • Bathymetric maps covering interesting areas • Shallow seismic (P-Cable) acquired to derisk technology • To be released during fall • Biological sampling and video material to continu
Slide 8: Copper Grade in SMS'
Copper Grade in SMS’ • The copper grade will vary between spreading ridges. This mainly depends on spreading rates, (Fast, Slow, or Ultra Slow) and position within the spreading ridge. Generally, the massive sulphate deposits tend to be larger and copper grades are likely to be higher on the rotated
Slide 9: Norwegian area >4% Cu
Norwegian area Cu ore grade in some SMS deposits. The majority of the discoveries within the shaded area (4-10 % Cu) are from the ultra-slow mid-Atlantic spreading ridge. >4% Cu Resource estimation of the sulfide-rich deposits of the Yuhuang-1 hydrothermal 12.08.2024 field on the ultraslow-spreading
Slide 10: Concept study completed!
Concept study completed! • The Concept study has: • Reviewed several offshore setups ending in the selection of the Disconnectable turret as an interface between an ore carrier and a mining support semi-submersible (moored) • Established TRL of various sub-systems • Established OPEX to consolidate G
Slide 11: Video
2.08.2024 ht GREEN MINERALS 11
Slide 12: Compact integration within the limited space of a semi-sub
Compact integration within the limited space of a semi-sub 12.08.2024 12
Slide 13: Solving the problem of Ship-To-Ship operations on the Norwegian Ridge
Solving the problem of Ship-To-Ship operations on the Norwegian Ridge 12.08.2024 13
Slide 14: Mineral processing at the heart of GEM's philosophy
Mineral processing at the heart of GEM’s philosophy Transformation of ore into a concentrate for smelting and refining (copper cathodes) ⇒ Can we integrate the marine “super” ore into the land minerals value chain?: Often connected to the mine site as it is “tuned” for • Can the “super” ore boost su
Slide 15: Superior key metrics disrupting the economics of traditional copper mining
SUPERIOR KEY METRICS DISRUPTING THE ECONOMICS OF TRADITIONAL COPPER MINING Economics Economics Environmental Environmental • No infrastructure investment needed • 90% • reduction in environmental 90% reduction footprint* in environmental footprint * • • CAPEX per ton USDinvestment No infrastructure
Slide 16: NCS one GEM HEDSM system – cash profile 2024-2034 (est)
NCS one GEM HEDSM system – cash profile 2024-2034 (est) 12.08.2024 16
Slide 17: Summary
Summary Norway 9 January 2024 opening decision derisks business case o GEM invited to nominate license area o GEM in pole position for license win Production concept developed together with globally leading partners and ready VMS/SMS Processing study confirms business plan and adds significant indus
Slide 18: Q&A Thank you!
Q&A THANK YOU! 12.08.2024 18