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Nordic Iron Ore AB announces positive outcome of the Blötberget Feasibility Study

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Nordic Iron Ore announces that the Blötberget Feasibility Study (undertaken by Golder Associates) has been completed. The study shows that the conditions are in place for a profitable mining operation.
The Feasibility Study shows, among other things, the following:

· An annual operating profit (EBITDA) of approximately USD 63 million (SEK 596 million) at full operation.

· Operating margin (EBITDA) of USD 702 million (SEK 6,640 million).

· Operating margin (EBITDA) of 44%.

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· The repayment period for investment has been estimated at 5.6 years after the start of production.

Source: Nordic Iron Ore AB announces positive outcome of the Blötberget Feasibility Study

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