Nordic Iron Ore Ab · OMXSTO:NIO
Nordic Iron Ore Ab — Investor Presentation (December 2021)
24 slides from Nordic Iron Ore Ab's investor presentation, Dec 9, 2021
Slide 1: Nordic Iron Ore AB
NORDIC IRON ORE AB Restarting an old mine in a sustainable way using modern technology A SWEDISH MINE DEVELOPMENT COMPANY
Slide 2: Disclaimer
DISCLAIM ER This document has been produced by Nordic Iron Ore AB (publ) (the “Company”). This document does not constitute or form part of, and should not be construed as, an offer for sale or subscription of, or solicitation of any offer to buy or subscribe for, any securities of the Company nor s
Slide 3: Ludvika Mines - The Vision
LUDVIKA MINES -THE VISION « Mining project in three phases sly ee ~ Phase | =1,46Mt/y high grade concentrate tully claveloped 4-5 Mi/y = = Nordic » Iron Ore 3
Slide 4: Nordi ys
Nordi ys Iron Ore 4
Slide 5: Market opportunity: Steelmaking affects the environment
BACKGRO UND MARKET OPPORTUNITY Steelmaking affects the environment 5 5
Slide 6: High grade iron in high demand - low grade losing out
MARKET OUTLOOK: IRON ORE PRICE & PREMIUMS High grade iron in high demand ‒ low grade losing out 6
Slide 7: Chinese directives and output volatility combined
MARKET OUTLOOK: VOLATILITY Chinese directives and output volatility combined 7
Slide 8: Background
BACKGRO UND ” 8
Slide 9: NIO have good partners to become a sustainable mine
NIO HAVE GOOD PARTNERS TO BECOME A SUSTAINABL E MINE 9
Slide 10: We are 100% committed to sustainable and green mining
WE ARE 100 % COMMITTED TO SUSTAINAB LE AND GREEN MINING High grade ore (between 66.5 and • Higher iron content leads to less 70.5%Fe products) emissions in steelmaking Tailings • Inert tailings • Reduces environmental footprint Underground mine Electricfiation of asset • Secured access to clean ener
Slide 11: EU-sponsored research projects
EU-SPONSORED RESEARCH PROJECTS NIO partner in international research programs Non invasive exploration techniques tested Confirm measured and indicated resources Indicate where further drilling is warranted 11
Slide 12: Nordic »:
Nordic »: Iron Ore 12
Slide 13: Business idea and strategy
BUSINE SS IDEA AND STRATEG Y ▪ Resume operations at Ludvika Mines ▪ Modern, effective and environmentally friendly mining ▪ Super high grade iron ore products suitable for carbonless steelmaking ▪ Development in three phases creating an integrated mining district of profitable mines utilising common
Slide 14: Ludvika Mines – Schematic plan
LUDVIKA MINES – SCHEMATIC PLAN Håksberg ==== Decline Exploration permit Mining concession area Väsman Assigned industrial area Blötberget 14
Slide 15: Logistics: potential operators/partners
LOGISTIC S Logistics Oxelösund port / Innofreight rail cars Mine located next to high capacity national rail system with access to dry bulk cargo port – key cost competitive advantage Cooperation agreement with the Swedish Transport Administration signed The Swedish state has invested to refurbish t
Slide 16: Mineral resources: large exploration targets identified
MINERAL RESOURC E S Large exploration targets identified 16
Slide 17: Blötberget - first phase of three
BLÖTBERG ET - FIRST PHASE OF THREE Mining concession Detailed engineering granted Environmental permit Organisational granted build-up DFS confirm project Project finance soundness secured Optimisation study Construction completed 17
Slide 18: Optimisation study
OPTIM ISATIO N STUDY Whittle Consulting conducted an optimisation study based upon the DFS and the assumptions made there, including pre-production CAPEX estimated at USD 255 million. ▪ Improved mine scheduling and optimising the concentrator increased IRR to 21.2% and NPV to 172 MUSD ▪ A further st
Slide 19: Implementation time plan 2022
IMPLEMEN TATIO N TIME PLAN 2022 – 2 02 4 Dewatering the mine and main decline development take approx. one year, but can be done in parallel Prepare construction and secure equity and project finance for construction Construction Jan Feb Mar Apr May June July Aug Sep Oct Nov Dec Construction Jan Feb
Slide 20: Nordi »:
Nordi »: Iron Ore 20
Slide 21: Overview of Väsman
OVERVIEW OF VÄSMAN A long known very large expansion potential Project description Magnetic field map ▪ Väsman is a continuation southwards of the iron mineralisation in the Håksberg field ▪ Nordic Iron Ore performed a confirmation drilling program in 2012 ▪ Mining concession granted 2017 for south
Slide 22: Väsman scoping study - existing expansion potential
VÄSM AN SCOPING STUDY – EXITIN G EXPAN SION POTENTIAL ▪ Significant synergies with Mineral resource (JORC) – Väsman south Blötberget Mt Tonnage (Mt) Grade ▪ Scoping study by SRK 2019*: Indicated 7.0 38.5 % Inferred 85.9 38.4 % – Estimated production: Total 92.9 38.4 % 3.4 Mt per year – Life of mine:
Slide 23: Overview of Håksberg
OVERVIEW OF HÅKSBERG FROM AN ABANDONED MINING FACILITY… ▪ Mining concession 2011 ▪ Environmental permit 2014 ▪ Resource open to depth ▪ Historic ”cut-off grade” ~30 % (much left to mine) Next steps ▪ Drill program for southern part of Håksberg, linking the …TO A MODERN MINING OPERATION mine with the
Slide 24: Why invest in Nordic Iron Ore?
WHY INVEST IN NORDIC IRON ORE? ▪ DFS and optimisation study show good commercial potential ▪ Very low execution risk due to: ✓ All necessary permits in place ✓ Effective logistics solution ✓ Brownfield project with important infrastructure available ▪ An environmentally friendly mine with a product
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