The Norwegian Directorate of Mining has extended the extraction permits for the Engebø rutile project with 10 years from 12 November 2017. Consequently, the expiry date for the extraction permits is now 12 November 2027. The extraction permits are held by Nordic Mining’s wholly owned subsidiary, Nordic Rutile AS.
The Directorate underpins that comprehensive exploration and resource mapping has been undertaken for the project and that the feasibility process is ongoing. The Directorate acknowledges that an extension is needed to carry out the feasibility work program.
Nordic Mining currently carries out a pre-feasibility study (“PFS”) for the Engebø project. The scope of the PFS includes description and assessment of relevant aspects of the project. The plan is to complete the PFS in Q2 2017.
For further information please contact MD Nordic Rutile, Thomas B. Addison on telephone +47 971 21 339.
Oslo, 23 January 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.
Through the subsidiary Nordic Rutile AS 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 and develops the project through its subsidiary Nordic Quartz AS. Nordic Mining’s associated company Keliber Oy in Finland plans to start 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. Through the subsidiary Nordic Ocean Resources AS, Nordic Mining is exploring opportunities related to seabed mineral resources.
Nordic Mining is listed on Oslo Axess with ticker symbol “NOM”.