Nordic Mining ASA reported on continued progress on construction works at Engebø with progress on schedule to meet ramp up of production in fourth quarter of 2024: · The four EPCs, with subcontractors, have completed a total of 250,000 working hours at project site without lost time injury. The project has to date, casted 4000 m3 of concrete as foundations for the process plant and the related structures, erected 3,000 ton of structural steel, and installed 20 km of low voltage cables in the process plant. Key milestones successfully achieved on mechanical installation: Mechanical installation of the crushing and comminution circuit.

Mechanical installation of the milling and screening circuit. Mechanical installation of the major mineral processing equipment. Erected prefabricated concrete modules for product silos.

The construction activities will continue through the summer, with particular focus on completion of the Wet processing building. Commissioning of the mineral process equipment, specifically Client Provided Items, will commence in parallel with finalization of mechanical and electrical installation. Second wave of recruitment for operations has been successful.

The Operational team now has a total headcount of 60 persons with 25 of these onboarding in August and September. Third wave of recruitment is starting during summer holidays to fulfill the remaining positions towards production ramp-up.