Nordic Mining’s interim report per 30 June 2015

Enclosed please find Nordic Mining’s interim report for the second quarter 2015.

Important events in the second quarter 2015 and year-to-date:

• Approved industrial area plan and discharge permit for the Engebø rutile project
  On 17 April 2015, the Ministry of Local Government and Modernisation approved the industrial area plan for the Engebø rutile project. On the same date, a discharge permit for the project was granted by the Ministry of Climate and Environment. Two appeals related to the discharge permit is considered by the King-in-Council. The EFTA Surveillance Authority is considering complaints against Norway related to the European Water Framework Directive. In Nordic Mining’s view neither the appeals nor the complaints are expected to affect the granted permits.
• Plans in progress for further development work
  The government’s approvals represent a significant milestone for the Engebø project and a solid basis for further development and qualification work. Plans for a pre-feasibility study and the required resources for this are in progress.
• Drilling of the Kvinnherad quartz deposit
  Nordic Quartz has entered into a contract with Geo Drilling AS in order to carry out drilling of its High Purity Quartz deposit in Kvinnherad. Drilling will commence early September 2015 and last for approximately 5 weeks. The plan is to drill 6 holes in the deposit.
• Significant increase of Keliber’s mineral resources
  In April 2015, the c 25% owned associated company Keliber reported updated and significantly increased the resource estimates for the Rapasaari and Syväjärvi deposits. In total, Keliber’s estimated mineral resources in the measured and indicated categories now exceed 6.2 million tonnes (JORC Code 2004 and 2012 combined) at an average grade of 1.26% Li2O. 
• Successful equity issue in Keliber and preparation of a pre-feasibility study
  Keliber has completed a rights issue in June/July 2015 with gross proceeds of EUR 0.6 million. Nordic Mining participated pro-rata to its c 25% shareholding. Process optimisation test work, cost and capex estimations and environmental impact assessments are ongoing. A pre-feasibility study including preliminary project financials is scheduled for completion in fall 2015.
• New initiative for submarine mineral investigations
  Nordic Ocean Resources together with The Norwegian University of Science and Technology (“NTNU”) and other industrial and research-oriented parties will carry out a comprehensive research project on marine mineral resources with up to NOK 25 million in financial support from the Norwegian Research Council. The project will include an exploration cruise on the Mid-Atlantic Ridge in 2016, mineral sampling, analyses and process test work.
  
  
  For further information please contact CFO Lars K. Grøndahl, telephone +47-901 60 941.
  
  
  Oslo, 14 August 2015
  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.
  
  Through the subsidiary Nordic Rutile AS, Nordic Mining is undertaking a large-scale project development at Engebø in Sogn and Fjordane where the Company has rights to a substantial eclogite deposit with rutile and garnet. Permits for the project were granted by the Norwegian government in April 2015. 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 on the Øksfjord Peninsula 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.