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Nordic Mining #2
18:41 20.09.2016

He, he renud. Du har sikkert rett, men her er kurven som Pareto sin WEB viser.Trolig er den midlet over noen dager.

Endret 20.09.2016 18:43 av Rally
21:40 20.09.2016

Lukter shenanigans lang vei av det som skjedde i dag....
09:49 21.09.2016

Da kan man velge å tute med de uærlige ulvene, eller en kan vente de ut.
21:52 21.09.2016

10:59 13.10.2016

Oppdatering om Engbø-prosjektet fra Nordic Mining i går.

Alt ser normalt ut.

NOM.OAX: Monthly update on the Engebø rutile project


On a regular basis, Nordic Mining will give updates of the ongoing Pre-Feasibility Study and other project activities. A separate newsletter in Norwegian will be published in order to inform local and regional stakeholders.


Nordic Mining has appointed Hatch for technical advisory services and coordination of the Pre-Feasibility Study (PFS) for the Engebø rutile project. We intend on a regular basis to give updates on the ongoing activities through stock market releases and/or interim reports and a local newsletter.

Safety, health and environment

Nordic Mining considers safety, health and environment as paramount for the successful investment and operation of the Engebø rutile project. Consequently, safety, health and environment are high in focus for the project planning and in the PFS.

Comminution and process test work

Various test work activities are ongoing or have been initiated, both in Norway and abroad. Several tonnes of material from Engebø have been shipped to certified laboratories and other facilities for test work. Specific crushing and milling techniques will be tested. On the beneficiation side, the target is to optimise recovery and to demonstrate production of high-quality commercial products. Subsequent to the testing, a process flow definition, equipment specifications and estimations of investment costs and operating costs will be developed. Additional work may be required as a result of the initial testing.

Staged PFS process

The PFS process has two main stages. In stage 1, various production scenarios are outlined and analysed on a comparative basis in a financial context. The purpose is to ensure that the best project size, scope, technical and production solution is selected. In stage 2, the prioritised business case scenario is further described and optimised. An important task will be to address key risks to optimise the value of the project and to secure realistic assumptions for project assessment.

Next update

The next update of project information is expected to be in the third quarter interim report, scheduled to be published 11 November 2016.

For questions please contact:
Managing Director Thomas B. Addison, Nordic Rutile, Tel: +47 9712 1339

Oslo, 12 October 2016
Nordic Mining ASA

Endret 13.10.2016 11:13 av OldNick
22:43 13.11.2016

Nordic Mining kom med Q3-rapport fredag.

Når Nordic Mining lister opp viktige hendelser i Q3, så er ikke det finansielle en del av det. Men, de forsøker å begrense pengebruken så mye som mulig, som vi vet, så cash'en fra siste emisjon kan vare ut PFS'en for Engebø. NOK 61 mill cash gjenstår på balansen.

NOM.OAX: Nordic Mining's interim report per 30 September 2016


Important events in Q3-2016 and year-to-date:

Nordic Rutile (100%) - Engebø project

- Increased resource estimates
The revised JORC compliant estimates published in September 2016 show a significant increase of the qualified resources at the Engebø rutile deposit, higher titanium dioxide grades and substantial quantities of garnet. Preliminary estimated operating parameters indicate a reduction of the TiO2 cut-off grade. With a cut-off grade of 2% TiO2 the estimated total resources in the measured and indicated categories are 125 million tonnes at an average grade of 3.53% TiO2. In addition, 255 million tonnes of resource at an average grade of 3.22% TiO2 is estimated in the inferred category indicating a substantial resource potential. The revised resource model will be basis for the pre-feasibility study ("PFS").

- Hatch assigned for coordination of the PFS
The international engineering and consultancy company Hatch has been appointed for technical advisory services and coordination of the Engebø PFS. Hatch is a leading international mining and processing specialist with extensive experience across the mining industry, including titanium feedstock. A detailed work plan has been established for the PFS, and the work is progressing well.

- Comprehensive PFS program on comminution and process test work
Various comminution and process test work activities are ongoing or in preparation. Certain additional work has been agreed as a result of initial tests in order to supplement the data. The work program is still in an early phase. Delays in transport and customs clearance of material to some of the best sites have affected the slot times for certain activities. The purpose of the test work is to optimise recovery of commercial products and secure a cost efficient set up. The updated time schedule for the PFS targets completion in Q2-2017.

- Zoning plan and discharge permit are final
In February 2016, the King in Council dismissed an appeal related to the discharge permit. Consequently, the discharge permit is final and without further possibility for appeal. The zoning plan was final directly following the government's approval in 2015. The EFTA Surveillance Authority ("ESA") has stated in a letter to complainants that the Norwegian authorities' handling of the permitting process is in compliance with European regulations. ESA's final conclusion is awaited.

Keliber (25%) - Lithium project

- Positive lithium market development
The lithium market is developing positively and product prices have increased. The demand for lithium in various applications, in particular related to batteries for electric/hybrid vehicles and energy storage, is expected to grow substantially in the coming years. A tight market balance for battery grade lithium carbonate is expected to continue.

- Definitive feasibility study ("DFS") ongoing
Keliber completed a positive PFS for the lithium project in March 2016. The international engineering and consultancy company Hatch is assigned for the coordination of the DFS which is targeted for completion in Q2 2017. The study work is progressing well.

- Assessment of financing options
Keliber has appointed an advisor for corporate finance services. The purpose is to investigate options and possibly carry out transactions in order to position Keliber strategically and financially for the fast-growing development in the lithium industry.

Endret 13.11.2016 22:43 av OldNick
22:44 13.11.2016

Nordic Quartz (100%) - Kvinnherad project

- Independent quartz resource estimates completed
In February 2016, an independent assessment of the Kvinnherad hydrothermal quartz was completed based on information from the drilling program which was executed in the fall 2015. The Competent Persons have estimated significant quartz-containing mineral resources in the inferred and indicated categories. The quartz content varies in the deposit with a substantial part in the massive zone category (>95% quartz content).

Nordic Ocean Resources (80%) - Seabed minerals

- MarMine exploration sampling completed
In August/September 2016, an exploration cruise was carried out on the Norwegian part of the Mid-Atlantic Ridge ("MAR"). Mineral samples were collected on selected locations. Subsequent of the cruise, mineral analysis and preliminary process test work will be executed.

Corporate matters

- Financing in place
In June 2016, Nordic Mining completed a rights issue with gross proceeds of approximately NOK 65.9 million. Based on current estimates, Nordic Mining's existing funding exceeds the costs to complete the Engebø PSF and prioritised other activities with a comfortable margin.

For further information please contact
CFO Lars K. Grøndahl, telephone +47 9016 0941
Oslo, 11 November 2016
Nordic Mining ASA

NOM: Q3-2016 Report (PDF)
00:15 14.11.2016

- Følgende informasjon fra Q3-16 var en liten nesestyver:
Engebø: "The updated time schedule for the PFS targets completion in Q2-2017."

- Dette derimot, oppfatter jeg som at det ikke "kun" er "titanium dioxide and substantial quantities of garnet" NOM er ute etter, men også andre biprodukter: "The purpose of the test work is to optimise recovery of commercial product>s"

Men det viktigste på dette stadiet, for NOM-aksjonærene, er fremdeles utkommet av dette vedr. Keliber, som muligens kan bidra til å finansiere hele eller mesteparten av DFS Engebø for NOM, og hvor jeg ikke kan se at formuleringene er endret fra tidligere info:
"Keliber - Assessment of financing options"
10:24 15.11.2016

Ser ut som om Q3-rapporten var en salgs-trigger.

Var det forsinkelsen av PFS-rapporten for Engebø?

Nå er snart kursen nede på emisjonsnivået igjen.

Så kom dette "latterlige" forslaget.
Skal de spleise, bør de jo ihvertfall spleise 10:1, slik at de kan komme langt bort ifra pennystock-nivåene.

NOM.OAX: Summons for Extraordinary General Meeting on 5 December 2016


An extraordinary general meeting of the shareholders in Nordic Mining ASA will be held at 16:30 (4.30 pm) on Monday 5 December 2016 in the company's office in Vika Atrium, Munkedamsveien 45 (entrance A, 5th floor), N-0250 Oslo, Norway.

The Board of Directors proposes that the general meeting resolves a reverse share split in the ratio 2:1.

The summons for the extraordinary general meeting with the agenda (in Norwegian and English, respectively) is enclosed with this notice. The documents will also be available on the company's webpage www.nordicmining.com.

For questions please contact:
CFO Lars K. Grøndahl, Tel: +47 9016 0941

Oslo, 14 November 2016
Nordic Mining ASA

NOM.OAX: Innkalling til EOG 05.12.2016 (PDF)
09:05 29.11.2016

Spleis forslag endret til 6:1
09:20 30.11.2016

NOM ser ut til å ha en solid PFS-plan for Engbø-prosjektet.

NOM.OAX: Update on the Engebø rutile project


Activities in connection with the ongoing pre-feasibility study ("PFS") are progressing well. Preliminary plans have been established for open pit and underground mine operations. Comprehensive test work is carried out to optimise recovery of rutile and garnet products from the Engebø deposit. Market information for garnet products indicates a potential for significantly higher garnet sales than previously assumed.

Mine planning

Preliminary plans have been established for the open pit and the underground mine operations. The resources in the measured and indicated categories as published in the JORC compliant report in September 2016 (ref. stock market release 12 September 2016) are the basis for the extraction planning. In addition, the inferred category resources are considered in connection with capacity evaluation and optimisation.

Hatch, the technical coordinator of the PFS has done extensive analyses to determine the size and shape of the open pit, and the pit design can now be finalised.

Assessment of mining methods for the underground operations is ongoing. Together with Hatch, SINTEF Building and Infrastructure is assessing geotechnical information to optimise the extraction rate.

Processing test work

A comprehensive test program has been initiated in collaboration with Hatch's expert team in South Africa to maximize recovery of suitable rutile and garnet products from the Engebø deposit.

Process testwork is carried out at IHC Robbins in Australia. IHC Robbins is a leading consultancy company with core competence in heavy minerals separation (including rutile). Currently, the Engebø test work has high priority at IHC Robbins and wet processing tests (spiral separation and magnetic separation) have been carried out. Further test work will include dry magnetic separation and electrostatic separation.

In addition, the Norwegian University of Science and Technology (NTNU) is doing processing tests to produce samples of rutile concentrate.

Comminution tests, i.e. grinding and crushing, are carried out at different vendors and consultants to evaluate suitable equipment and to optimise mineral liberation and operating costs.

Garnet market information

Market studies for rutile and garnet have been initiated in connection with the PFS. So far, preliminary information of the garnet market has been obtained. An update on the rutile market will be given at a later stage. Generally, garnet consumption is closely linked with the general state of the economies. The primary markets for garnet are in waterjet cutting and abrasive blasting with additional market of coarse product in water filtration. There is also a market in abrasion resistant material such as flooring.

In waterjet cutting, garnet is the dominant abrasive used. Previous test work has demonstrated that the Engebø garnet is of high quality, well suited for waterjet cutting applications. For blasting abrasives, garnet competes with several other materials, i.a. various slag, crushed glass and olivine, mainly based on price. In certain applications and for harsh environment, coarse grained garnet is the preferred blasting abrasive, i.a. in the offshore oil and gas industry.

The potential for the Engebø garnet is considered to be more favourable than previously assumed. Therefore, and due to the substantial garnet content of the deposit, Nordic Mining will target a significantly higher sales volume and a wider product specter than indicated at an earlier stage. The new target volume for garnet is at a level of 200,000 tonnes per year, which is a doubling of the previous sales volume assumption.


Endret 30.11.2016 09:22 av OldNick
15:29 16.12.2016

Hence, a higher garnet revenue potential compared with previous assumptions will be targeted as part of the ongoing PFS work.

Nordic Mining har visst lært av de andre børsnoterte selskapene uten særlig cash i kassa at rettede emisjoner til underkurs er den kvikkeste måten å skaffe seg mer cash på, og så heller gi litt f**n i de andre askjonærene.

Der bryter de et prinsipp de vel har holdt fast på til nå, ny-emisjoner til eksisterende aksjonærer med tilhørende tegningsretter. Men, det tar nok for lang tid og mye arbeid.

De begrunner det med at de har fått tak i "kvalitetsinvestorer", som sikker tliker å få billig-aksjer på beskostning av "saueflokken".

Tigerstaden AS høres jo unektelig flott ut hva?

NOM.OAX: Completed Private Placement


Nordic Mining is pleased to inform the completion of a Private Placement of 8 620 000 shares to four selected institutional and professional investors. Gross proceeds from the Private Placement are approximately NOK 26.7 million. Nordic Mining ASA (the "Company") has completed a Private Placement of 8 620 000 shares at a subscription price of NOK 3.10 per share. The share issue equals close to 10% of the Company's share capital. Gross proceeds from the Private Placement are approximately NOK 26.7 million.

The proceeds from the Private Placement will be used primarily to finance feasibility studies for the Engebø rutile project, potential follow-up investments in Keliber Oy and general corporate purposes.

The shares have been issued to the following four institutional and professional investors:

- Spencer Trading AS
- A London based asset management fund
- Alden AS
- Tigerstaden AS

The shares will be issued in two tranches. The first tranche comprises of 6 378 666 shares which are remaining under the authorization given by the Company's general meeting 18 May 2016. The first tranche of shares is expected to be registered on or about 21 December 2016. Following the registration of the first tranche resolved by the board of directors, the new share capital of the Company will be NOK 55 550 480.40 divided on 92 584 134 shares each with a nominal value of NOK 0.60.

The second tranche comprises of 2,241,334 shares which will remain subject to the approval by an Extraordinary General Meeting (the "EGM"). The EGM is expected to be held on or about 10 January 2017.

The Board has assessed the Private Placement in light of the equal treatment requirement, balanced the considerations that speak for and against carrying out the Private Placement. Taking into account that the Company through the Private Placement succeeds in attracting quality investors, obtaining funds for prioritised projects, timing implications and costs, the Board concluded that the waiver of the preferential rights in the Private Placement was considered necessary in the interest of time and successful completion in the common interest of the Company and its shareholders.

Clarksons Platou Securities AS has acted as Sole Manager and Bookrunner in the Private Placement.

For further information, please contact:
Lars K. Grøndahl, CFO, telephone +47 9016 0941

Oslo, 16 December 2016
Nordic Mining ASA
Nordic Mining ASA (www.nordicmining.com)
12:18 23.12.2016

NOM.OAX: Innkalling til ekstraordinær generalforsamling 10. januar 2017


Ekstraordinær generalforsamling i Nordic Mining ASA avholdes 10. januar 2017 kl. 16:30 i selskapets lokaler i Vika Atrium, Munkedamsveien 45 (oppgang A, 5.etg), 0250 Oslo. Styret foreslår at generalforsamlingen vedtar en rettet emisjon. Det vises i den anledning til børsmeldingen som ble publisert 16. desember 2016.

Innkallingen til ekstraordinær generalforsamling med agenda (på norsk og engelsk) er vedlagt denne meldingen. Dokumentene vil også være tilgjengelig på selskapets hjemmeside www.nordicmining.com.

Ved spørsmål, vennligst kontakt:
CFO Lars K. Grøndahl, Tel: 9016 0941

Nordic Mining ASA (www.nordicmining.com)

NOM.OAX: Notification of share purchase


Board member Mari Thjømøe has today through the company ThjømøeKranen AS purchased 27 000 shares in Nordic Mining at a price of NOK 3.70 per share.

ThjømøeKranen AS owns 78 797 shares in Nordic Mining prior to the purchase.

Nordic Mining ASA

Endret 23.12.2016 12:21 av OldNick
13:12 24.12.2016

Ønsker alle sammen en riktig fredfull og God Jul :)
14:58 24.12.2016

Samme her ;-) God Jul til alle. :-)
09:00 19.01.2017

Meldingen fra NOM

NOM.OAX: ESA has closed complaint cases regarding Engebø tailings deposit


Today, ESA ("EFTA Surveillance Authority") has informed that it has closed three complaint cases against Norway's permitting of the tailings disposal for the Engebø rutile project. ESA's press release in English and Norwegian is available at: http://www.eftasurv.int/press--publications/press-releases/internal-market/internal-market-esa-closes-complaint-cases-against-norwegian-mining-decisions

CEO Ivar S. Fossum comments: "ESA's closing of the complaints was expected and confirms that Norway's decision-making process related to the permitting has been conducted within the requirements set out in the European Water Framework Directive. We are pleased with ESA's statement that the complaints are closed. The clarification underpins the assessment of sea disposal as a viable and environmentally safe solution for the project."

Nordic Mining currently carries out a pre-feasibility study ("PFS") for the Engebø project. The scope of the PFS includes description and assessment of relevant aspects of the project. The plan is to complete the PFS in Q2 2017.

For further information please contact:
CEO Ivar S. Fossum, telephone +47 9309 6850.

Oslo, 18 January 2017
Nordic Mining ASA
Nordic Mining ASA (www.nordicmining.com)
15:44 23.01.2017

Nordic Mining har fått forlenget utvinningstillatelsen sin for Engebø-prosjektet sitt, som nå vil utløpe i Nov-2027.

NOM.OAX: Extended extraction permits for the Engebø rutile project


The Norwegian Directorate of Mining has extended the extraction permits for the Engebø rutile project with 10 years from 12 November 2017. Consequently, the expiry date for the extraction permits is now 12 November 2027. The extraction permits are held by Nordic Mining's wholly owned subsidiary, Nordic Rutile AS.

The Directorate underpins that comprehensive exploration and resource mapping has been undertaken for the project and that the feasibility process is ongoing. The Directorate acknowledges that an extension is needed to carry out the feasibility work program.

Nordic Mining currently carries out a pre-feasibility study ("PFS") for the Engebø project. The scope of the PFS includes description and assessment of relevant aspects of the project. The plan is to complete the PFS in Q2 2017.

For further information please contact:
MD Nordic Rutile, Thomas B. Addison, tel: +47 9712 1339

Oslo, 23 January 2017
Nordic Mining ASA
Nordic Mining ASA (www.nordicmining.com)
09:21 26.01.2017

NOM børsmelding
9.04 AM CET / 26-Jan-2017 / Nordic Mining ASA (OAX:NOM)
Keliber has signed Outotec for basic engineering of the lithium plant
Nordic Mining's associated company Keliber has signed a basic engineering contract with Outotec for the lithium plant. The engineering contract comprises mineral processing and lithium carbonate production. The engineering work will provide important information including capex and opex estimates for Keliber's ongoing definitive feasibility study.
Keliber and Outotec sign Basic Engineering Contract

Endret 26.01.2017 09:21 av Rally
12:12 05.02.2017

Gode priser på rutil
Nordic Mining er i full gang med sitt mulighetsstudium på rutilforekomsten i Engebøfjellet.
Utsiktene i rutilmarkedet er positive, skriver Nordic Mining. Utenlandske analytikere estimerer en prisvekst på 7,5% i de kommende årene. Bakgrunnen er at produksjonsperioden nærmer seg slutten for flere av de mindre produsentene.

En ny langsiktig produsent i Norge vil derfor passe bra i det internasjonale forsyningsbildet, skriver selskapet.

Nordic Mining foretar nå et mulighetsstudie på forekomsten, og i den forbindelse blir det gjort omfattende prosesstesting. Selskapet forsøker både våt- og tørseparering for å utvikle et rutilkonsentrat.

Det er også igangsatt forsøk med separering av granat som ventes ferdigstilt i slutten av februar.

I Sør-Afrika blir det gjort knuse- og mølleforsøk, mens SINTEF utfører bergmekaniske analyser som skal inngå i en helhetlig gruvemodell.
09:37 07.04.2017

NOM.OAX: Successful private placement in Keliber


Nordic Mining's associated lithium company Keliber Oy ("Keliber") has successfully concluded a private placement with gross proceeds of EUR 5.0 million. A subsequent repair issue will be carried out in March/April 2017.

Keliber has successfully concluded a private placement with gross proceeds of EUR 5.0 million. The share issue was subscribed by four Finnish investors; i.a. the investment companies Osuuskunta PPO and Jussi Capital Oy. In total, 125,000 new shares have been allocated to the investors in the private placement.

Following the private placement Keliber has around 954.000 shares. The proceeds from the private placement will be used for the ongoing definitive feasibility study ("DFS"), the environmental permitting process related to the future operations, product marketing and commercial arrangements, and other activities in connection with the lithium project. The DFS is scheduled for completion in Q3-2017.

Subsequent of the private placement, Keliber will carry out a repair issue of up to 125,000 shares on the same terms and conditions as for the private placement and with subscription rights for the shareholders prior to the private placement. The subscription period for the repair issue will end 6 April 2017.

The abovementioned share issues were authorised by the general meeting in Keliber on 16 March 2017. The general meeting also resolved to carry out incentive issues for members of the management and the board. In total, 9.720 shares may be issued in connection with incentive schemes in 2017.

For further information please contact:
CFO Lars K. Grøndahl, telephone +47 9016 0941
Nordic Mining ASA

NOM.OAX: Nordic Mining participated pro rata in Keliber's repair issue


On 6 April 2017, Nordic Mining subscribed for shares in accordance with its allocated subscription rights in a repair issue in the associated lithium company Keliber Oy. Keliber's repair issue closed for subscription on 6 April, and allocation of shares is expected on or about 10 April 2017.

In total 125,000 shares were offered for subscription at a price of EUR 40 per share in Keliber's repair issue. The repair issue was carried out subsequent of a successful private placement in March. The number of shares offered and the subscription price in the repair issue was the same as in the private placement.

The repair issue shares were offered to shareholders who did not participate in the private placement.

In the repair issue, Nordic Mining subscribed 31,338 shares, in accordance with its rights, at a price of EUR 40 per share. Consequently, Nordic Mining expects to be allocated the subscribed number of shares. Nordic Mining's new shareholding in Keliber will be informed after the board's approval of the allocation on or about 10 April 2017.

CEO Ivar S. Fossum comments: "Keliber is making very good progress with the definitive feasibility study and other value increasing activities. Lithium demand growth continues on a strong and positive note, and Keliber is in a lead position for the exciting development in the battery value chain and "green" energy solutions in Europe and in the Nordic region."

For questions please contact:
CFO Lars K. Grøndahl, telephone +47 9016 0941
Nordic Mining ASA
10:53 07.04.2017

Spørsmålet er da hvor mye som er igjen i den allerede slunkne kassen, spesielt ettersom ferdigstillelsen av PFS-Engebø ble utsatt fra Q2 til Q3.

Det er uhyre sjeldent at betalingsvillige partnere går inn i gruveprosjekt før etter ferdigstilt DFS (også kalt BFS), slik at NOM høyst sannsynlig vil måte kjøre enda (minst) en emisjon til for å komme i mål med den. I NOM's sko, hadde jeg kjørt den emisjonen umiddelbart, før kursen faller enda mer tilbake og utvanningen dermed økes.
09:24 10.04.2017

Den kan stige fremover på håpet om at Erna har fått "napp" hos kineserne.
De skal ha hatt med en prøve fra Engebø i kofferten. (men den var neppe så stor at de unngår emisjon:)
15:21 11.05.2017

NOM.OAX: 2016 Annual Report (PDF)

NOM.OAX: Nordic Mining's interim report per 31 March 2017


Enclosed please find Nordic Mining's interim report for the first quarter 2017. The interim report and company updates will be presented tomorrow, Friday 12 May 2017 at 10.00 in the company's office at Vika Atrium, Munkedamsveien 45 (Entrance A, 5th floor), N-0250 Oslo.

Important events in the first quarter 2017 and year-to-date:

Corporate overview

* Profitable first quarter due to upgrade of Keliber value

In Q1-2017, the total net result for the Group was positive. The net profit from the associated company Keliber amounting to NOK 10.2 million was higher than the Group's operating loss. The positive result from the associated company is explained from reversal of previous impairment and a profit resulting from recent equity issues in Keliber where Nordic Mining's shareholding were reduced (deemed disposal).

* Fully financed for planned development activities in 2017

' Value increasing feasibility studies well under way

The ongoing feasibility studies for the Engebø rutile and garnet project (pre-feasibility study - PFS) and the Keliber lithium project (definitive feasibility study - DFS) are important ongoing value increasing activities. Both studies will be completed in the second half of 2017.

Engebø rutile and garnet project

* Mining and processing planning based on two attractive minerals

The Engebø project will be developed as a dual mineral operation with rutile and garnet, providing strategic and commercial strength and flexibility.

* Crushing and grinding circuit defined

A comprehensive and systematic test program has been completed, and the chosen crushing and grinding setup demonstrates high performance in terms of mineral liberation and operational parameters.

* Significant progress in rutile process test work

The test work program has achieved a rutile product of 95% TiO2 at recoveries exceeding 50%. Work is ongoing to improve the recovery even further whilst maintaining product quality. The process solution is based on industry standard process technology, combining methods such as magnetic, gravimetric and electrostatic separation.

* Garnet optimisation test work ongoing

Garnet production is divided in coarse and fine product streams. Fine garnet products have been produced to market specifications, and focus is now on developing the coarse garnet production flowsheet.

* Improved market outlook for rutile and garnet

Product prices for titanium feedstock, including rutile, has increased over the last months. Going forward, the supply/demand balance is expected to further tighten, and the price outlook is positive. The garnet market is developing and the demand growth in the coming years is expected to be higher than the general growth of the global economy (GDP).

* Increasing production and sales potential for Engebø garnet

Updated market perspectives for garnet indicate that the long-term sales target for the Engebø project will exceed the previously communicated level of 200,000 tonnes per annum.

Endret 11.05.2017 15:22 av OldNick
15:22 11.05.2017

Keliber lithium project

* Positive lithium market development

The lithium market is developing positively, and product prices have increased. The demand for lithium in various applications is growing fast, in particular related to batteries for electric/hybrid vehicles and energy storage where the expected annual growth rate in the coming years is estimated at a level of 14% (Roskill). Contract prices for lithium carbonate have generally doubled in 2017 compared to 2016. Going forward, a tight market balance for battery grade lithium carbonate is expected. Current spot prices in China are reported to be well above the indicated contract level of USD 13 - 14,000 per tonne.

* Good progress on definitive feasibility study

A comprehensive work program is ongoing related to the definitive feasibility study (DFS) which is aiming to provide a solid foundation for the subsequent project financing to implement the lithium project.

* Construction start in 2018

Keliber's current plan targets completion of the ongoing permitting process and start of construction in 2018.

* Financing of project development work

In March 2017, Keliber executed a private placement with gross proceeds of EUR 5.0 million. A repair issue was executed in April, also with gross proceeds of EUR 5.0 million. In addition, an incentive share issue for board members was completed in April with proceeds of EUR 0.1 million. Nordic Mining participated pro-rata to its shareholding in the repair issue. Following from the equity issues year-to-date in Keliber, Nordic Mining's shareholding is approximately 22%.


* Completion of second tranche of private placement

In January 2017, Nordic Mining completed the second tranche of the private placement which was initiated in December 2016. The gross proceeds were around NOK 6.9 million. The second tranche of the private placement was approved by the extraordinary general meeting on 10 January 2017.

* Annual report 2016

Nordic Mining's annual report for 2016 was published 24 April 2017.

* Ordinary general meeting

The ordinary general meeting in Nordic Mining will take place on 23 May 2017.

For further information, please contact:
CFO Lars K. Grøndahl Tel: +47 9016 0941

Oslo, 11 May 2017
Nordic Mining ASA

NOM.OAX: Q1-2017 Report (PDF)
09:01 29.08.2017

Ting begynner å skje og Keliber er sikker på gruvedrift:


Endret 29.08.2017 09:03 av tjuagutt
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