Kopparberg Mineral AB: - Redeye

Kopparberg Mineral AB:
Explora3on and project development
in Bergslagen
Management presenta,on
March 20 2013
Per Storm, CEO

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Agenda
• Kopparberg Mineral in brief
• Our market
• Project porcolio
– Håkansboda/Bergslagen
– Nordic Iron Ore AB
– Norrliden Mining AB
• Conclusion

Kopparberg Mineral: Projects & Business model
Håkansboda
Base and precious metals,
(Bergslagen)
Ownership: 100%
Nordic Iron Ore
Iron Ore (Bergslagen)
Ownership: 20,6%
Norrliden Mining AB
Base and precious metals,
(Skellege-­‐field)
Ownership: 50%
Phase 1 Phase 2 Phase 3 Phase 4 Phase 5
Conceptual
studies
PFS/PEA DFS Construc,o
n & Invest.
Mining
opera,ons
Divestment, increased external
ownership or structural solu,on
with financial/industrial party
4

Metal markets – short-­‐term
Cu 2008 to 2013
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 Ins,tute)
Zn 2008 to 2013
5

Project porPolio

Håkansboda – update
Håkansboda, mineral resource
es,mate
Håkansboda drilling program: 7000 m,
30 holes
Good results from ini,al drilling
Applica,on for mining concession
rejected
Company has appealed
Class Tonnage (Kt) Copper (%) Gold (g/ton) Silver (g/ton)
Measured -­‐ -­‐ -­‐ -­‐
Indicated 629 1,4 0,4 14,3
Inferred 1 485 1,5 0,3 11,3
7

Tvistbo: Mining concession
• Mining concession
in April, 2012
• More indica,ons on the
explora,on concessions with
percentage up to 5 % zinc
and 5 % lead
• Mineraliza,on open towards depth
and to the north
• Core drilling planned for spring/summer 2013
Class Kton Zinc, % Lead, % Silver, g/ton
Indicated* 575 3,3 2,6 27
Inferred* 281 3,0 2,5 20 * Hans Torshag QP SweMin,
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Ludvika Mines – Sweden:s next iron ore producer
Blötberget – infrastructure and
ore bodies
9

Nordic Iron Ore – iron ore project with large poten3al
• Associated company (ownership: 20,6%) to restart Ludvika Mines
– Granted mining concessions for Blötberget and Håksberg
• Brown-­‐field, exis,ng railroad and LOI with Oxelösund
• Environmental permit submiPed in July, 2012
• Almost triple mineral resource statement early 2013
10

Nordic Iron Ore – recent development
• Completed first phase of core-­‐drilling campaign of Blötberget and parts of
the Väsman field
– It is the first phase of a more extensive program to be completed during summer 2013
– More than doubled indicated and inferred tonnage ager drilling campaign
• LePer of Intent signed with Oxelösunds Harbour for shipment of up to 5
million tonnes of iron ore annually
• On track for produc,on late 2015
Indicated Fe grade Inferred Fe grade
Mtonnes
Mtonnes
Blötberget (Mt) 29.8 44.5% 10.2 42.9%
Väsman (south) 7.0 38.5% 85.9 38.4%
Håksberg 25.4 36.4% 11.6 36.0%
62.2 40.3% 107.7 38.6
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Ludvika Mines – Compe33ve economics
Global cost curve (2013 estimate, USD/Tonne)
USD 73/Tonne
48
12
Source: Credit Suisse

Nordic Iron Ore – Summary
Very compe33ve OPEX
and exis3ng logis3cs
• Cash cost $ 48/t FOB Oxelösund
• Investment cost less than $ 150/Mtpa
• Exis,ng 280 km rail from site to deep water port
High quality product
• 67 % Fe – high grade iron ore concentrate
• Sinter feed to Europe and/or
• Pellet feed to Europe and/or Middle East
Low development risk
• Exis,ng mine infrastructure
• Very low social and environmental impact
• Solid local and regional backing from stakeholders
Large mineraliza3on with
expansion targets
• 62,2 MT indicated and 107,7 MT inferred JORC compliant
resource
• High impact explora,on targets defined
• Extensive geological knowledge
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”There is extensive copper-­‐silver-­‐gold mineraliza

Norrliden Mining in the Skellege-­‐field
• Historic mines
• Open mines
• Norrliden Mining AB projects
A 7+ Mt (M&I) base and precious metal company with
advanced deposits and a true blue-­‐sky poten,al
15

Copperstone/Eva – status
• Advance stage VHMS polymetallici depost
• Mining concession applica,on pending
• Eva deposit is considered a
na,onal 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
tes,ng
5.16mt historic resource
es3mated in upper
lenses only
EVA Resource
Ktonne Zn % Pb % Cu % Au g/t Ag g/t
Indicated* 5 160 2.39 0.36 0.25 0.96 38
*Hans Torshag, QP, SweMin
Non-­‐compliant, historic NANR internal es,ma,on
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Copperstone/North,
historic explora3on
Cu-Ag
Cu-Ag
Two disseminated Cu-­‐Ag-­‐Au mineraliza3on
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-Zn
Zn-Ag-Au-Cu
17

Norra Norrliden -­‐ status
Norra 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 and valid test mining
permission
• Excellent, robust, economics: cash
positive in two years
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Norra Norrliden Ktonnes Zinc, % Lead % Copper % Gold g/t Silver, g/t
Measured 493 2,93 0,39 0,74 0,65 58,9
Indicated 1 499 2,89 0,31 0,59 0,54 40,2
Inferred 914 1,58 0,22 0,76 0,34 33,6

Conclusion

Conclusion
• WE ARE:
– A unique explora,on company with broad geological, mine engineering and
financial competence and experienced management and Board of Directors
– Efficient, flexible and cost-­‐conscious organiza,on
• WE HAVE:
– Three very exci,ng projects with large value-­‐genera,ng poten,al:
Håkansboda, Nordic Iron Ore, Norrliden Mining
– The right outer condi,ons: Areas that are under-­‐explored with modern
techniques and forecasts of long-­‐term stability in the prices of raw materials
• WE WILL:
… pursue on-­‐going drilling program in Håkansboda
… develop Norrliden Mining AB
… con,nue to be an ac,ve and value-­‐crea,ng owner in Nordic Iron Ore
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Thank you!
Kopparberg Mineral AB
Verkstadsvägen 52, Kopparberg
Kungsgatan 62, Uppsala
Tel: +46 (0)705 – 94 90 24
Per.storm@kopparbergmineral.se
www.kopparbergmineral.se
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Kopparberg Mineral AB
22
”We are an explora

Kopparberg Mineral in brief
• About 2 700 shareholders. Listed on NASDAQ OMX First North since 2011
• 28 own explora,on permits of about 12 500 hectares
• 13 explora,on permits of about 17 600 hectares in Norrliden Mining AB
• 19 explora,on permits of about 7 440 hectares in Nordic Iron Ore AB
• 2 own exploita,on concessions (one applied) for Tvistbo and Håkansboda of about
20 hectares
• 3 exploita,on concessions (one applied) of about 90 hectares in Norrliden Mining
• 2 exploita,on concessions, Blötberget, Håksberg, of 263 hectares in Nordic Iron Ore
• 1 204 kt indicated in wholly-­‐owned projects (base and precious metals)
• 7 152 kt measured and indicated in Norrliden Mining AB (base and precious metals)
• 62,2 MT indicated and 107,7 MT inferred in Nordic Iron Ore AB (iron ore)
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Price development, copper – 1900-­‐2011
10000
9000
8000
7000
6000
5000
4000
USD/t
3000
2000
1000
33 yrs
-3.5%pa
40 yrs
2.3%pa
29 yrs
-3.5%pa
0
1900
1903
1906
1909
1912
1915
1918
1921
1924
1927
1930
1933
1936
1939
1942
1945
1948
1951
1954
1957
1960
1963
1966
1969
1972
1975
1978
1981
1984
1987
1990
1993
1996
1999
2002
2005
2008
2011
2014
2017
2020
• Long cycles driven by social changes over ,me
• Progression of the developing countries, both in recent years and going
forward, imparts new price-­‐levels for all metals – not only copper
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