Investor Presentation May 2013 - Northland Resources

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Agenda Investment thesis Northland Resources and the Kaunisvaara Project Key Financials Market Overview Risk Factors Appendix 60 60
Northland expected to emerge from Reorganisation in 6-8 weeks Details of Reorganisation Process • The Company’s Swedish subsidiaries (the «Swedish Subs» entered Reorganisation early February • Northland Resources AB on February 8, 2013 • Northland Sweden AB and Northland Logistics AB on February 12 2013 • The Reorganisation process has allowed the Company time to develop a composition proposal for the unsecured creditors of the Swedish Subs • Proposal expected to be distributed to creditors by the Administrator in the week starting May13, 2013 • A request for composition proceedings is expected to be made to the Court in the week starting May13, 2013 • If adopted, a creditors meeting is expected to be held within 3-5 weeks of the request, in which unsecured creditors will vote on the Proposal • The Proposal is approved if three-fourths of voting creditors by number and by aggregate claims vote in favor • Upon the approval of the Proposal, it is binding for all unsecured creditors of the Swedish Subs • Application to terminate the Reorganisation will be made once the Proposal is approved • Depending on timing of Creditors Meeting, the Swedish Subs are expected to emerge from Reorganisation around early July 2013 • Creditors not approving the Proposal may file complaints with the Court, any such complaints may delay the process above Important Subjects • The restructuring of the existing bonds and the new senior secured bond issue is conditional upon receiving a satisfactory amount of preacceptances from trade creditors • The Administrator continues to work closely with creditors to obtain agreement to the proposal. • The creditors in NLAS have been dealt with in accordance with the Proposal • This process is not part of the formal Swedish Reorganisation • All creditors have pre-accepted the proposal in writing 61
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STRICTLY PRIVATE & CONFIDENTIAL THI
Page 3 and 4:
Disclaimer (cont’d) This Presenta
Page 5 and 6:
Key Risk Factors Relating to the Gr
Page 7 and 8:
Transaction Background • Budget p
Page 9 and 10: Indicative Commercial Terms of the
Page 11 and 12: Funding Sources and Capital Structu
Page 13 and 14: Governance Changes to Give Creditor
Page 15 and 16: Northland in Transition from Projec
Page 17 and 18: Agenda Investment thesis Northland
Page 19 and 20: Northland is listed in Oslo Share o
Page 21 and 22: First concentrate from Kaunisvaara
Page 23 and 24: Kaunisvaara Project Overview Kaunis
Page 25 and 26: Production to Reach 4 dmtpa in Q3 2
Page 27 and 28: Strong Logistics Partners Ramping U
Page 29 and 30: Kaunisvaara Premium Concentrate Exp
Page 31 and 32: Potential production upside Upgrade
Page 33 and 34: Further Growth Potential - Hannukai
Page 35 and 36: Update on Operating Cost Expectatio
Page 37 and 38: Projected Capital Expenditure Until
Page 39 and 40: Sources and Uses starting 1 Jan 201
Page 41 and 42: Budget Assumptions in a Historical
Page 43 and 44: Forecast Iron Ore Supply Being Revi
Page 45 and 46: Kaunisvaara Concentrate - Quality L
Page 47 and 48: Risk Factors Risks related to the p
Page 49 and 50: Risk Factors (cont’d) Risks relat
Page 51 and 52: Risk Factors (cont’d) Litigation
Page 53 and 54: Risk Factors (cont’d) Other risks
Page 55 and 56: Risk Factors (cont’d) Other risks
Page 57 and 58: Risk Factors (cont’d) Risks relat
Page 59: Risk Factors (cont’d) Risks relat
Page 63 and 64: Main terms of the restructuring of
Page 65 and 66: Profit & Loss Statement 2012 Year e
Page 67 and 68: Kaunisvaara Mineral Reserve Stateme
Page 69 and 70: Management Team Executive Team Karl
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Investor Presentation May 2013 - Northland Resources

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