Update on the Definitive Feasibility Study of Keliber's lithium production project
Nordic Mining's associated company Keliber Oy has taken the decision to
supplement the work program for the Definitive Feasibility Study ("DFS") before
completing the report. The supplementary work will focus on three main areas:
· Additional process test work to reconfirm recent positive results in
minerals processing tests
· Additional drilling to further increase of the resource base
· Trade-off study of location of the lithium carbonate plant between Kalavesi
in Kaustinen municipality and Kokkola Industrial Park.
As a consequence of the expanded work program, the DFS is targeted for
completion in the first half of 2018.
Keliber's press release is available on www.keliber.fi.
For questions, please contact CFO Lars K. Grøndahl, telephone +47-90160941.
Oslo, 15 September 2017
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.
Nordic Mining is undertaking a large-scale project development at Engebøfjellet
in Sogn and Fjordane where the Company has rights and permits to a substantial
eclogite deposit with rutile and garnet. Permits for the project have been
granted by the Norwegian government. Nordic Mining has rights for exploration
and production of high-purity quartz in Kvinnherad in Hordaland. Nordic Mining's
associated company Keliber Oy in Finland is in the process of completing its
definitive feasibility study and preparing for 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. Nordic Mining is also
exploring opportunities related to seabed mineral resources.
Nordic Mining is listed on Oslo Axess with ticker symbol "NOM".