Kopparberg Mineral - taking it to the next level!

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Mining On Top: Stockholm 2013 …

Mining On Top: Stockholm 2013
26-27 Nov 2013

Kopparberg Mineral - taking it to the next level! – Dr Per Storm, Kopparberg Mineral; CEO

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  • 1. Kopparberg Mineral AB: Exploration and project development in Bergslagen Management presentation September 23rd to 25th 2013 Per Storm, Managing Director
  • 2. Disclaimer This document has been produced by Kopparberg Mineral AB (publ) (the “Company”) . This document does not constitute or form part of, and should not be construed as, an offer for sale or subscription of, or solicitation of any offer to buy or subscribe for, any securities of the Company nor should it or any part of it form the basis of, or be relied on in connection with, any contract or commitment whatsoever. Any decision should be made solely on the basis of public information. No representation or warranty, express or implied, is made as to the fairness, accuracy, or completeness of the information and opinions contained in this document and no reliance should be placed on such information or opinions. The information and opinions contained in this document are provided as at the date of this document and are subject to change without notice. To the extent permitted by law and regulation, none of the Company, any of its shareholders, advisers, affiliates, officials, directors, employees or representatives accept any liability whatsoever for any loss howsoever arising, directly or indirectly, from any use of this document or its contents or otherwise arising in connection therewith. The recipient of this document shall be responsible for conducting his own investigation and analysis of the information contained or referred to in this document and for evaluating the merits and risks involved in the securities forming the subject matter of this document. This document may include forward-looking statements, and words such as "intend", "may", "plan", "appreciate" and other statements that contains indications and predictions with regard to future developments or trends and which are not based on historical facts, are forward-looking statements. These forward-looking statements concern only the state of the matters on the date of this document and neither the Company nor its advisers not undertake any obligation to release updates or reviews of forward-looking statements, as a result of new information, future developments or otherwise, other than as required by law. Although the Company and its advisers believe that these statements are based on reasonable assumptions and expectations, there is no guarantee that such forward-looking statements will materialise or are accurate. Because these forward-looking statements involve both known and unknown risks and uncertainties, the outcome could differ materially from the information set out in the forward-looking statement. Consequently, a potential investor should not place undue reliance on these and other forward-looking statements. The distribution of this communication in other jurisdictions may be restricted by law and persons into whose possession this communication comes should inform themselves about, and observe, any such restrictions. THIS DOCUMENT MAY NOT BE TAKEN OR TRANSMITTED INTO OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SOUTH AFRICA, THE UNITED STATES OF AMERICA OR TO ANY RESIDENT THEREOF 2
  • 3. Agenda • Kopparberg Mineral in brief and our market • Project portfolio – – Nordic Iron Ore AB – • Håkansboda/Bergslagen Norrliden Mining AB Conclusion
  • 4. Kopparberg Mineral: Projects & Business model Bergslagen Base and precious metals, (Bergslagen) Ownership: 100% Nordic Iron Ore Iron Ore (Bergslagen) Ownership: 19,25% Norrliden Mining AB Base and precious metals, (Skellefte-field) Ownership: 50% Phase 1 Phase 2 Conceptual studies PFS/PEA Divestment, increased external ownership or structural solution with financial/industrial party 4 Phase 3 DFS Phase 4 Construction & Invest. Phase 5 Mining operations
  • 5. RMG Price Index Metal/mineral % Iron Ore 30,77% Metallurgical coal 20,95% Copper 18,95% Gold 15,55% Nickel 4,43% Zinc 2,17% PGMs 1,87% Silver 1,71% Potash 1,70% Phosphate 0,94% Lead 0,53% Aluminium/Bauxite 0,43% Global investments in infrastructure is expected to increase to 2 100 bn USD between 2011–2020, +15-20% compared to 2001–2010 (Samsung Economic Research Institute) Total 5 100 • • • Weaker prices short-term Bounce back mid-term Long term slow increase
  • 6. The Road Ahead • China is still growing at more than 7 % per year – Copper imports rising – Oil imports at all time high – Chinas length of light rail and metro might triple by 2020 • USA is coming back • India has committed (c:a) bUSD 750 for infrastructure in the coming five years • Beware of the “hype” mistake 6
  • 7. Project portfolio
  • 8. Håkansboda – update • • Håkansboda, mineral resource estimate Håkansboda drilling program commenced late 2012 Good initial results • • • Application for mining concession rejected Company has appealed, main point: • protection zone (skyddszon) is against new exploration permits, not mining concessions. • Appeal now with Ministry of Enterprise Class Measured Indicated Inferred 8 Tonnage (Kt) Copper (%) Gold (g/ton) Silver (g/ton) 629 1 485 1,4 1,5 0,4 0,3 14,3 11,3
  • 9. Tvistbo: Mining concession • • • • Mining concession in April, 2012 More indications on the exploration concessions with percentage up to 5 % zinc and 5 % lead Mineralization open towards depth and to the north Top hammer drilling on-going Class Kton Zinc, % Lead, % Silver, g/ton Indicated* 575 3,3 2,6 27 Inferred* 281 3,0 2,5 20 9 * Hans Torshag QP SweMin,
  • 10. Bergslagen: un-explored outside existing mines • The company regularly evaluates new areas to explore • Most recent areas: Såggården and Meshatten 10
  • 11. Nordic Iron Ore – short summary • Portfolio company (ownership: 18,6 %) to restart Ludvika Mines • Almost triple mineral resource statement early 2013 • Brown-field: Blötberget and Håksberg • Letter of Intent signed with Oxelösunds Harbour • Excellent logistics with existing railroad • Letter of Intent signed with Coal and Ore Trading Limited, • High value iron ore products to be produced, 67 % Fe • Environmental permit decision expected by Q1 2014 • Competitive economics according to studies • New financing by Inlandsinnovation • On track for production Q3 2015: focus Blötberget 11
  • 12. Norrliden Mining in the Skellefte-field A 7+ Mt (M&I) base and precious metal company with advanced deposits and a true blue-sky potential 12
  • 13. Norrliden - status Norrliden contains: • Polymetallic VHMS-deposit with a mining concession Norrliden K nr 1, 19 ha • Updated JORC Mineral Resource (Adam Wheeler, QP United Kingdom 2012) • Mine plan, test mining permission reapplied Norra Norrliden Measured Indicated Inferred 13 Ktonnes Zinc, % Lead % Copper % 493 1 499 914 2,93 2,89 1,58 0,39 0,31 0,22 0,74 0,59 0,76 Gold g/t Silver, g/t 0,65 0,54 0,34 58,9 40,2 33,6
  • 14. Norrliden – the next mine in the Skellefte field? • Beneficiation trials positive: easily beneficiated, typical Skellefte ore • Environmental study (full) almost finished • Economics studies indicating excellent internal rate of return • The project could generate a positive cash flow in two years 14
  • 15. Copperstone/Eva – what we know • • • Advance stage VHMS poly metallic deposit Mining concession application pending Eva deposit is considered a national interest for mining (2010) Zinc-gold-silver massive sulphide bodies, some copper, lead Composed of upper sulphide lenses and lower feeder system Limited historic lab-scale metallurgical testing 5.16mt historic resource estimated in upper lenses only • • • • EVA Resource Indicated* Ktonne Zn % Pb % Cu % Au g/t Ag g/t 5 160 2.39 0.36 0.25 0.96 38 *Hans Torshag, QP, SweMin Non-compliant, historic NANR internal estimation 15
  • 16. Copperstone/North, historic exploration Two disseminated Cu-Ag-Au mineralization targets, including: • 82 m @ 0.77 % Cu and 4.5 g/t Ag • 26 m @ 1.12 % Cu and 7.0 g/t Ag • 33 m @ 0.82 % Cu and 6.3 g/t Ag • 31 m @ 0.74 % Cu and 11.3 g/t Ag Cu-Ag Cu-Ag Cu-Ag-Zn Zn-Ag-Au-Cu 16
  • 17. Financial information and share issue
  • 18. Rights issue ending October 25th • Issue of 11,8 MSEK • Over subsccribed to 2,5 MSEK • Almost 90 % of 11,8 MSEK was subscribed by existing owners • Share price: 0,60 SEK • 100 new share holders • Sold 77 000 shares in Nordic Iron Ore 18
  • 19. Use of funds • • • • Develop Bergslagen Support development of Norrliden Mining Support Nordic Iron Ore Secure working capital If the on-going exploration result in resources enough to justify mine development, Kopparberg Mineral may have a part in three mining projects in three to five years:  Bergslagen,  Nordic Iron Ore AB and  Norrliden Mining AB. 19
  • 20. Conclusion
  • 21. Future • Long term demand is still around! • Development Bergslagen – Drill Tvistbo – Evaluate other targets – Håkansboda awaiting decision • Development Norrliden – Finance next step: DFS & environmental Norra Norrliden – extended evaluation EVA • Support NIO 21
  • 22. Thank you! Kopparberg Mineral AB Verkstadsvägen 52, Kopparberg Kungsgatan 62, Uppsala 22 Tel: +46 (0)705 – 94 90 24 Per.storm@kopparbergmineral.se www.kopparbergmineral.se
  • 23. Kopparberg Mineral AB ”We are an exploration and project development company and are active owners in our associated companies. With a relatively minor financial stake we will create value and return for our shareholders going forward” Christer Lindqvist, CoB Nils-Erik Marinder Per Storm CEO Kopparberg Mineral Per Storm: CEO since October 1 2011. Previously CEO for Raw Materials Group AB and has extensive experience from the international metal and mining industry. 23 Chris Carlon Harald Meinhardt