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.
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: telephone +47 971 21 339.
Oslo, 12 October 2016
Nordic Mining ASA
Nordic Mining ASA ( www.nordicmining.com )
Nordic Mining ASA (“Nordic Mining” or “the Company”) is a resource company with focus on high-end industrial minerals and metals in Norway and internationally. The Company’s project portfolio is of high international standard and holds a significant economic potential. The Company’s assets are in the Nordic region.
Through the subsidiary Nordic Rutile AS Nordic Mining is undertaking a large-scale project development at Engebøfjellet in Sogn and Fjordane where the Company has rights and permits to a substantial eclogite deposit with rutile and garnet. Permits for the project have been granted by the Norwegian government. Nordic Mining has rights for exploration and production of high-purity quartz in Kvinnherad in Hordaland and develops the project through its subsidiary Nordic Quartz AS. Nordic Mining’s associated company Keliber Oy in Finland plans to start mining of lithium bearing spodumene and production of lithium carbonate. Nordic Mining holds exploration rights on the Øksfjord Peninsula in Troms and Finnmark, where the Company has discovered a prospective area of sulphide mineralisation. Through the subsidiary Nordic Ocean Resources AS, Nordic Mining is exploring opportunities related to seabed mineral resources.
Nordic Mining is listed on Oslo Axess (OAX: NOM).