READY FOR PRODUCTION

NORDIC GOLD IS A FULLY BUILT, FULLY PERMITTED GOLD MINE RETURNING TO PRODUCTION IN JULY 2020.

Nordic Gold Inc. (TSXV:NOR) wholly owns the Laiva Gold Mine. The Laiva Gold Mine is a fully permitted open pit operation with a 2 million tonne per annum process plant in place and two open pits. The sunk capital of the project to date is in excess of CAD 300 million, the majority being spent on the start of the art process plant built by Metso and Outotec. The mine is fully permitted and ready for production.

VALUE SCENARIO: READY FOR PRODUCTION


Exceptional mine development + high-quality JORC detailed prefeasibility + feasibility studies

» Independent NI43-101 resource statement confirmed in October 2019

» Designed and built by Metso with over €300 million spent on site

Fully permitted +low cost open cut mining + strong gold price outlook

» Two of the five open pits are developed requiring limited work to restart (1694 ha)

»  Pits will be optimized to achieve 2 million tonnes through the plant at the resource grade

»  Mine will expand to three pits with heap leach processing in the short term – all developed and confirmed by Nordic, Lionsbridge and TetraTech.

Sophisticated new experienced management team

» Board and Management Changes – a new team highly experienced management team with extensive experience in ownership and management of mining and energy assets. Recent projects include a similar project to Nordic requiring grade control and throughput management.

Low entry price + fast track for restart spring 2020

» Low entry price to an asset with significant expended capital and proven resource base largely de risked with limited capital requirements

The Laiva Project

The Laiva deposit is located in Raahe, Finland and is one of the largest gold resources in the region. The mine is a conventional open pit mine with 2 pits.

Exploration in the Laiva area started in 2005. Previously the area was worked by both Endomines Oy and Outokumpu. The operation includes two pits and a recently constructed 6,000 tpd, state-of-the-art process plant designed by Metso and constructed by Outotec. Historic expenditure on the property is estimated at €220 million.  The mill and leaching plant was completed completed in 2011. The mine will be restarted in July 2020. We are carrying out a 10,000m diamond drill program to infill and expand the resource base so as to upgrade reserves and finalise the pit design for a third operational pit. 

One Of The Largest Gold Resources in The Region

The mine has excellent access to local infrastructure, including grid power (110 kV line), paved all weather roads (within 5 km) and port (within 20 km).

All mining infrastructure in currently in place and the mine is planned to re-open in August 2018.
 

Finland was declared  as World’s 6th best country for property rights. (Forbes Dec 2016), ahead of Canada and USA. Finland has a 20% Corporate Tax rate and gold producers pay 0.15% Royalty.

News

By the time Laiva starts producing – they could be making much more money than the market realizes.
Palisade Research Shareholder

Team

For US based investors wanting to purchase Nordic Gold shares, please review the following links for directions on how to proceed.

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Video Gallery

Interview: Brian Wesson, Nordic Gold – 121 Mining Investment New York Autumn 2019
Presentation: Nordic Gold – 121 Mining Investment New York Autumn 2019
Brian Wesson interview with Proactive | October 2019
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