Application for operating license filed for the Engebø project
Nordic Mining ASA, through its wholly owned subsidiary Nordic Rutile AS, has filed an application for operating licence for the Engebø rutile and garnet project with the Norwegian Directorate of Mining (Norwegian: Direktoratet for Mineralforvaltning).
An operating license is required for starting mining operations, and the licence will regulate operational scope, methodology and procedures to secure safe and efficient production of the mineral resources. The zoning plan and the environmental permit for the project have already been irrevocably granted by the Norwegian authorities.
“The submission of this application represents a key milestone towards operational readiness for the Engebø project”, states CEO Ivar S. Fossum.
The application contains technical and economic information related to the forthcoming operation at Engebø. Enclosed is a selection of illustrations from the application showing:
- Open pit overview
- Process plant area overview
- Access road - lower area
- Access road - design details
- Open pit mine design
- Resource and mining works 3D
The Engebø rutile and garnet project
The Engebø deposit is one of the largest unexploited rutile deposits in the world and has among the highest in situ grade of rutile (TiO2) compared to existing producers and development projects. The deposit also contains significant quantities of high-quality garnet. The definitive feasibility study commenced immediately following completion of the prefeasibility study in October 2017 and is expected completed mid-2019.
The Engebø project is developed in accordance with high international standards for environment, health and safety. The deposit has a favourable location at tidal waters, next to a deep-water port and with smooth shipping and advantageous logistics to European and overseas markets.
Nordic Mining has signed heads of agreement for offtake of both rutile and garnet with international partners, which also intend to contribute in the construction financing of the project.
For questions, please contact CEO Ivar S. Fossum, telephone +47-930 96 850.
Oslo, 4 February 2019
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.
Nordic Mining is undertaking a large-scale project development at Engebø on the west coast of Norway 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. The definitive feasibility study was initiated directly following completion of the prefeasibility study in October 2017. Nordic Mining’s associated company Keliber completed the definitive feasibility study for its lithium project in Finland in June 2018. Nordic Mining has rights for exploration and production of high-purity quartz in Kvinnherad in Norway. Further, the Company holds exploration rights at Reinfjord in northern Norway where a prospective area of sulphide mineralisation has been discovered. Nordic Mining is also exploring opportunities related to seabed mineral resources.
Nordic Mining is listed on Oslo Axess with ticker symbol "NOM".