Mining On Top: Stockholm 2013 26-27 Nov 2013 Kopparberg Mineral - taking it to the next level! – Dr Per Storm, Kopparberg Mineral; CEO

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