Interim report for the period ended 31 March 2014

Nordic Mining’s interim report for the first quarter 2014 is enclosed with this release.

Important events from 1 January 2014 and year-to-date:

• Strategic focus on the Engebø project
  The Group’s near-term strategic focus is to secure permits for the Engebø rutile project.
• Results from ongoing measuring program in line with expectations
  Nordic Mining is executing a survey and investigation program to comply with the Ministry of Climate and Environment’s request for additional information regarding the Engebø rutile project. The results so far show a moderate water circulation within the area of the planned tailings disposal. The results are in line with the measurements included in the environmental impact assessment for the project. The measurement program will be finalised in August 2014.
• Keliber’s lithium resources are steadily increasing
  In February 2014, the Finnish government accepted Keliber’s offer to acquire the Rapasaari deposit. Exploration drilling has been executed in the winter months, and updated resource and reserve estimates are expected in Q2 2014.
• Subsea mineral assessment
  Together with its partners in the pre-project study, Nordic Ocean Resources is evaluating a continuation of the project cooperation and a possible expansion of the partner network. Nordic Ocean Resources is awaiting feedback from the Ministry of Trade, Industry and Fisheries regarding its application for mineral exploration rights on the Norwegian continental shelf.
• New Exploration Rights granted and funding secured for Øksfjord exploration
  In January 2014, Nordic Mining was granted two new Exploration Rights east of the Reinfjord prospect. Electromagnetic data from the Geological Survey of Norway show an anomaly with particularly low resistivity in the granted area. In March 2014, NOK 2 million was granted from NordMin which is funded by the Nordic Council of Ministers.

For questions please contact CFO Lars K. Grøndahl, telephone +47 901 60 941.


Oslo, 16 May 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.