Nordic Mining ASA (EN Oslo Børs:NOM): Operational update

30 Mar 2025 22:52 CEST

Nordic Mining ASA informs that production volumes at Engebø are behind the
internal ramp-up plans due to design issues in the pump circuits. As announced
in the interim report for the fourth quarter 2024 which was released on 11[th]
February, temporary short-term solutions were put in place while awaiting
remedied equipment. The permanent solution was delivered installed by the
responsible contractor. However, the equipment did not perform according to
expectations. Consequently, the first shipments of garnet and rutile will be
delayed.

We are experiencing challenges related to the design of the slurry pump circuits
which will potentially require modifications on several units to gain sufficient
capacity to be able to reach steady state production at design capacity. This is
affecting the ongoing production ramp-up, and we are currently only producing
garnet and at a lower volume than planned. Despite these issues, Nordic Mining
remains committed to reaching steady production at design capacity for both
rutile and garnet by the end of 2025.

Oslo, 30 March 2025
Nordic Mining ASA

Nordic Mining ASA ("Nordic Mining" or the "Company") (www.nordicmining.com) is a
resource company with focus on high-end industrial minerals and metals. The
Company's project portfolio is of high international standard and holds
significant economic potential. The Company's assets are in the Nordic region.

Nordic Mining is undertaking a large-scale construction project at Engebø on the
west coast of Norway where the Company has rights and permits to a substantial
eclogite deposit with rutile and garnet. In addition, Nordic Mining holds
interests in other initiatives at various stages of development. This includes
patented rights for a new technology for production of alumina and exploration
of high purity quartz.

Nordic Mining is listed on Euronext Oslo Børs with ticker symbol "NOM".

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