Measured and Indicated Mineral Resources of Keliber’s Rapasaari Lithium Deposit increased by more than 30%

The Measured and Indicated Mineral Resources of the Rapasaari deposit is increased to 8.10 million tonnes. This is an increase of 31% from the previous resource estimate. Including Inferred Mineral Resource, the increase is 17.4%.

The total Measured and Indicated Mineral Resources of Keliber now total 13.69 million tonnes (previously 11.77). Including the Inferred Mineral Resources, the total Mineral Resources are 15.62 million tonnes (previously 14.19). The average Li₂O grade of the Keliber’s combined Mineral Resources is 1.05%.

Keliber’s Mineral Resource estimates comply with the JORC 2012 code, and are reported at a cut-off grade of 0.50% Li₂O.

Keliber’s press release is available at: https://www.keliber.fi/en/news/news-releases-and-publications/87105B64DD24924E/

Oslo, 26 May 2021
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. 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 14.3% of the shares in Keliber Oy, which is developing a lithium project in Finland to become the first European producer of battery grade lithium hydroxide.

In addition, Nordic Mining holds interests in other initiatives at various stages of development. This includes patented rights for a new technology for production of alumina and exploration of seabed minerals.

Nordic Mining is listed on Euronext Expand Oslo with ticker symbol “NOM”.