Minerals for a sustainable future

Well funded

Large deposit with unique location

All major permits in place

EN Expand Oslo: NOM

Valuable investment in lithium

Q4 2020 Presentation

February 16, 2021

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 warranty is given, express or implied, as to the accuracy of the information contained in this document.

Some of the statements made in this document contain forward-looking statements. To the extent permitted by law, no representation or warranty is given, and nothing in this document or any other information made available during the oral presentation should be relied upon as a promise or representation as to the future condition of Nordic Mining's business.

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Agenda

  1. Introduction
  2. Engebø Rutile and Garnet
  3. Keliber - Lithium
  4. Nordic Ocean Resources (NORA)
  5. Financial update
  6. Q & A

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Sustainable production of high-end industrial minerals

Rutile (Titanium dioxide)

  • Environmentally friendly pigment
  • Air cleaning surface materials
  • Aircrafts and aerospace
  • Health applications

Garnet

  • Health and environmentally friendly cutting and blasting material

Lithium

  • Batteries for electric vehicles and renewable energy storage

R&D - Alumina

  • Patented technology for green alumina production with integrated CO2 consumption

Engebø Rutile

(TiO2) and Garnet

(100%)

Keliber Oy

Lithium

(16.3%)

Nordic Ocean Resources (NORA)

Seabed minerals

(100%)

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Valuable assets nearing construction

Engebø - Rutile and Garnet (100%)

  • Post-taxNPV@ 8% of USD 344m and IRR 20%
  • Payback <5 years from start of production
  • Life of Mine of 42 years, with substantial resources for future extension
  • All major permits granted
  • Heads of Agreement for rutile offtake and financing with Japanese trading house
  • Favorable location, jurisdiction and infrastructure

Keliber - Lithium (16.3%)

  • Post-taxIRR 22%
  • Payback ~5 years from start of production
  • First European producer of lithium hydroxide
  • Forecasted cost leader in 2025 by Roskill
  • Favorable location, jurisdiction and infrastructure

Engebø Rutile

(TiO2) and Garnet

(100%)

Keliber Oy

Lithium

(16.3%)

Source: Project numbers from Engebø DFS January 2020 and Keliber Oy Progress Report Q3 2020

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Nordic Mining ASA published this content on 16 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 December 2021 00:08:09 UTC.