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
» Independent NI43-101 resource statement confirmed in October 2019
» Designed and built by Metso with over €300 million spent on site
» 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.
» 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 to an asset with significant expended capital and proven resource base largely de risked with limited capital requirements
For US based investors wanting to purchase Nordic Gold shares, please review the following links for directions on how to proceed.