OAX: NOM Company presentation June 2016 Exploration and production - PowerPoint PPT Presentation

OAX: NOM Company presentation June 2016 Exploration and production of high-end minerals and metals Nordic Mining ASA | N-0250 Oslo | Norway | Tel + 47 22 94 77 90 | Fax + 47 22 94 77 01 | Org. no 989 796 739 | post@nordicmining.com

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Developing high-value assets in the Nordic Region Platinum, Palladium Titanium - natural rutile High Purity Quartz Lithium Seabed minerals 3

Li Pd Pt 4 Electric cars Clean air Minerals for a sustainable future Si Ti Lighter aircrafts Renew able energy

Rights Issue opens 9 June 2016 Purpose to finance PFS for the Engebø rutile project as the next value- adding milestone* • Rights Issue of up to 170,000,000 Offer Shares • Subscription price NOK 0.50 per Offer Share • Proceeds from the Rights Issue; in total up to NOK 85 million will be used primarily to complete the Pre-Feasibility Study for the Engebø rutile project, targeted completion in Q1 2017 • The PFS activities will include e.g. mine planning, processing test work and optimisation, planning of infrastructure incl. process water and hydroelectric power, cost estimations of Capex/ Opex, and financial analysis • A revised resource model with resource estimations and classifications in accordance with the JORC Code will be completed in Q3 2016 • Subscription period from 9 June until 23 June 2016 at 16: 30 (CET) • Trading period for Subscription Rights from 9 June until 21 June 2016 at 16: 30 (CET) 5 Note ( * ) : Please refer to the Prospectus dated 7 June 2 0 1 6 for further inform ation.

Engebø titanium  One of the world’s largest deposits of natural rutile  Has the highest grade among current producers and projects  Impurities at background levels  Located next to tidal waters and European markets  Permitted for 50 years of operation  Garnet as valuable by-product 6

 JORC resource of 154M tonnes @ 3.77% TiO 2  Historical estimate of 383M tonnes @ 3.96% TiO 2 7

Well-defined deposit Core sample drilling completed in April 2016 Total of 87 exploration and geo-tech drill holes JORC Resource* Resource class Mill tonnes TiO 2 % @ JORC 3 % cut-off Indicated 31.7 3.77 Inferred 122.6 3.75 Total 1 5 4 .3 3 .7 7 A total of 21,400 meters drilled   1,129 surface samples  > 50 000 TiO 2 analysis Block model - ordinary kriging  Considerable JORC compliant resource estimate with upside potential 8 Note (*): Refer to Scoping Study by Wheeler and Dowdell for resource statements

Engebø is among the largest rutile deposits in the world Rutile projects’ grade and target production 4,50% Engebø 4,00% 3,50% Murray Basin 3,00% Rutile ( % ) Cerro Blanco 2,50% 2,00% Sierra Rutile 1,50% Coburn Donald 1,00% Planning Ranobe Kwale 0,50% Moma Construction 0,00% Production -0,50% Grande Cote -1,00% 0 50 100 150 200 250 Production ( Ktpa) Size of bubble indicates resource size 9 Source: Company websites

The highest rutile grade and lowest impurity content Rutile grade for current feedstock producers and planned projects Engebø 3.77% Murray Basin ‐ Iluka 2.32% Cerro Blanco 2.10% Akonolinga (Years 1 ‐ 6) 1.66% Project Producer Sierra Rutile 1.42% Akonolinga 1.15% Kwale 0.65% Snapper 0.59% Donald 0.37% Gingko 0.35% Cyclone 0.29% Thorium in Ti feedstocks Uranium in Ti feedstocks ppm ppm 1000 100 Perth Basin ‐ Iluka 0.27% 100 Fairbreeze 0.22% 10 Jacinth ‐ Ambrosia 0.20% 10 Max Max Min Min 1 Namakwa 0.20% 1 0.84 Mindarie Zircon 0.16% 0.21 0.1 0.1 Ilmenite Sulphate Chloride Synthetic Rutile Engebø Ilmenite Sulphate Chloride Synthetic Rutile Engebø Stradbroke 0.13% slag slag rutile rutile slag slag rutile rutile High grade ore with low impurities brings processing benefits and premium pricing 10 Source: Company websites, “Production of titanium dioxide” (2007) by Fahli and Martin ‐ Matarranza

European pigment majors will be future customers Regional, stable supply brings customer benefits Substantial freight reduction compared to existing  supply Plant-to-plant shipment  Simple logistics improve working capital, storage  and planning Several European customers can each take  Engebø’s annual production World’s largest rutile producers Large pigment plants for high grade feedstock Com pany Plant location Country Huntsman Greatham UK * ) assumed production from Engebø Tioxide Cristal Global Stallinborough UK Kronos Gent / Belgium / Leverkusen Germany Tronox Rotterdam Netherlands Significant supply deficit in Europe makes regional rutile production attractive 11

Why is rutile an attractive mineral? • Has unique opacity and reflection characteristics • Environmentally friendly, and the most effective pigment component • Biocompathible, gives no reactions from the human body • Effective reflection of UV radiation • Becomes a strong, light and 100% non-corrosive metal 12