Post by pling on Feb 19, 2016 18:23:39 GMT
Nordic Minings 4kv. presentasjon 2015
Kvinnherad
- Capitalised exploration and evaluation expenses related to drilling in Kvinnherad and planning of drilling at Engebø amounted to NOK 1.4 million in Q4 2015, and NOK 2.7 million accumulated in 2015
- Indicated resource: 2 922 000 tons containing 1 899 000 tons of hydrothermal quartz. Resource estimate summary in accordance with the JORC Code
- Inferred resource: 1 341 000 tonn containing 893 000 tons of hydrothermal quartz. Resource estimate summary in accordance with the JORC Code
Keliber
- Ore Reserves are sufficient for 16 years of production in a 6,000 tpa lithium carbonate scenario, and for more than 10 years in evaluated scenarios with increased capacity.
Engebø
- The core drilling operation goes smoothly when not interrupted by illegal actions from activists
- The core recovery from drilling is good
- Nordic Rutile will seek compensation for losses through legal proceedings against the activists
Cashflow: Ca. - 5 mill.
Nordic Mining's interim report per 31 December 2015
Nordic Rutile (100%) - Engebø project
- Drilling program initiated at Engebø: A core drilling program was started at Engebø in early February 2016. The program is scheduled for approximately 8 weeks. The plan is to drill about 40 holes with a total length of approximately 6,500 meters, mainly in the open pit part of the deposit, with subsequent analyses and re-estimation/reclassification of the deposit in accordance with the JORC Code.
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 i.a. information from the drilling program which was executed in the fall 2015. The Qualified 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
- The "MarMine" project has started Nordic Ocean Resources, together with NTNU and other industrial parties and knowledge institutions, have started "MarMine", a comprehensive research project on marine mineral resources. The project has been granted NOK 25 million in financial support from the Norwegian Research Council. An exploration cruise on the Mid-Atlantic Ridge will be executed in 2016 with mineral sampling analytical assessments and process test work.
Keliber (25%) - Lithium project
- Battery grade lithium carbonate produced in Keliber's test program: Keliber has carried out test work to develop and optimise its lithium carbonate production process. Analytical results indicate that high-purity lithium carbonate, including qualities exceeding 99.9% purity, can be produced using the developed process technology.
- Agreement with international lithium chemicals company: Keliber has signed a Letter of Intent with an international chemicals producer with focus on lithium chemicals. The parties intend to establish a technical and commercial cooperation to evaluate product and marketing strategies for lithium products based on Keliber's planned production.
- Status for the PFS: Keliber's pre-feasibility study ("PFS") has been delayed, mainly due to delays regarding processing test work. Capex and cost estimations are ongoing related to the PFS which will be finalised in March 2016.
Kvinnherad
- Capitalised exploration and evaluation expenses related to drilling in Kvinnherad and planning of drilling at Engebø amounted to NOK 1.4 million in Q4 2015, and NOK 2.7 million accumulated in 2015
- Indicated resource: 2 922 000 tons containing 1 899 000 tons of hydrothermal quartz. Resource estimate summary in accordance with the JORC Code
- Inferred resource: 1 341 000 tonn containing 893 000 tons of hydrothermal quartz. Resource estimate summary in accordance with the JORC Code
Keliber
- Ore Reserves are sufficient for 16 years of production in a 6,000 tpa lithium carbonate scenario, and for more than 10 years in evaluated scenarios with increased capacity.
Engebø
- The core drilling operation goes smoothly when not interrupted by illegal actions from activists
- The core recovery from drilling is good
- Nordic Rutile will seek compensation for losses through legal proceedings against the activists
Cashflow: Ca. - 5 mill.
Nordic Mining's interim report per 31 December 2015
Nordic Rutile (100%) - Engebø project
- Drilling program initiated at Engebø: A core drilling program was started at Engebø in early February 2016. The program is scheduled for approximately 8 weeks. The plan is to drill about 40 holes with a total length of approximately 6,500 meters, mainly in the open pit part of the deposit, with subsequent analyses and re-estimation/reclassification of the deposit in accordance with the JORC Code.
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 i.a. information from the drilling program which was executed in the fall 2015. The Qualified 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
- The "MarMine" project has started Nordic Ocean Resources, together with NTNU and other industrial parties and knowledge institutions, have started "MarMine", a comprehensive research project on marine mineral resources. The project has been granted NOK 25 million in financial support from the Norwegian Research Council. An exploration cruise on the Mid-Atlantic Ridge will be executed in 2016 with mineral sampling analytical assessments and process test work.
Keliber (25%) - Lithium project
- Battery grade lithium carbonate produced in Keliber's test program: Keliber has carried out test work to develop and optimise its lithium carbonate production process. Analytical results indicate that high-purity lithium carbonate, including qualities exceeding 99.9% purity, can be produced using the developed process technology.
- Agreement with international lithium chemicals company: Keliber has signed a Letter of Intent with an international chemicals producer with focus on lithium chemicals. The parties intend to establish a technical and commercial cooperation to evaluate product and marketing strategies for lithium products based on Keliber's planned production.
- Status for the PFS: Keliber's pre-feasibility study ("PFS") has been delayed, mainly due to delays regarding processing test work. Capex and cost estimations are ongoing related to the PFS which will be finalised in March 2016.