Increased estimate for Keliber’s mineral resources
Keliber has today reported the results of the Competent Persons’ estimates for the Rapasaari and Emmes lithium deposits. The Competent Persons’ estimates for the two deposits, in accordance with the JORC Code 2012, imply a 55% increase of Keliber’s indicated mineral resources. Keliber’s press release is enclosed with this stock exchange notice.
As previously informed Keliber is undertaking environmental impact assessments related to its most prospective mineral deposits. Expected completion of the studies is around year-end 2014 or early 2015. Further, Keliber is conducting a pre-feasibility study of the lithium project, tentatively scheduled for completion in the first half of 2015.
Nordic Mining holds approximately 25% of the shares in Keliber.
For further information please contact CFO Lars K. Grøndahl, telephone +47 90160941.
Oslo, 4 November 2014
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 a high international standard and holds a significant economic potential. The Company’s assets are mainly in the Nordic region.
Through the subsidiary Nordic Rutile AS Nordic Mining is undertaking large-scale project development at Engebøfjellet in Sogn and Fjordane where the Company has rights to a substantial eclogite deposit with rutile and garnet. 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 in the Øksfjord region 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.