Executive summary of Keliber’s updated DFS published
Keliber Oy has today published a summary of the updated Definitive Feasibility Study of the lithium project.
Reference is made to stock exchange notice dated 28 February regarding Keliber’s publishing of the key financial figures of the updated Definitive Feasibility Study to produce lithium hydroxide with significantly improved project economics. The pre-tax NPV@8% of EUR 510 million, pre-tax IRR of 28% and pre-tax payback period of 3.7 years, underlines the financial feasibility of the lithium project.
The executive summary describes further details of the mineral resources and ore reserves, financial estimates, mining and processing methods, environmental studies as well as an assessment of the technical and economic feasibility of the project.
For further information, reference is made to https://www.keliber.fi/en/investors/news-releases-and-publications/0D7CF767B1DE0832/.
Nordic Mining holds 18.5% of the shares in Keliber Oy.
Oslo, 5 April 2019
Nordic Mining ASA
Nordic Mining ASA (www.nordicmining.com)
Nordic Mining ASA (the “Company”) is a resource company with focus on high-end industrial minerals and metals. The Company’s project portfolio is of high international standard and holds 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. Nordic Mining also holds 18.5% of the shares in Keliber Oy, which is developing a lithium project in Finland. Nordic Mining holds rights for exploration of high-purity quartz in Kvinnherad in Norway and 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”.