The first presentation will be in English, where we have Arctic Minerals. The one who will be presenting is CEO Peter George. Go ahead. Yeah. Thanks very much. Thanks for the opportunity to talk in front of everybody today. I am really excited about where things are headed with Arctic Minerals. As per our first slide here, Nordic scale critical metals. We are an exploration and heading-into-development-phase company, definitely with our focus in the Nordics. We have our main projects sitting within Sweden and Norway, and also some secondary projects within Sweden and Finland. Just a quick slide there on important information for you to read in your own time. As I mentioned, we are a Nordic explorer. We have our flagship project down in Hennes Bay, copper, silver focus. We have our Bidjovagge as our secondary advanced project up in Northern Norway, up in Finnmark, and then we have our Swan Lake and our Kuusi projects. JORC classified them as greenfields exploration projects. I will not go into them too much today. I guess the most important thing, though, and something that I really want you to take away after my short presentation today is, we have two advanced exploration copper, silver, gold projects within the Nordics. These are not small, insignificant projects in their own right. Having two of them is really important. We are not a one-trick pony. We do have multiple projects on the go. Our main focus being the flagship project at Hennes Bay with the 55.4 million tonnes at around about 1% copper equivalent. Of course, Bidjovagge being our previous flagship project, which I will not talk too much about today, but I would just like to let you know that it is and I mentioned it was our previous flagship project, but I think with some changes that are occurring on the political landscape and the technical work that we are doing in the background, I think you will find that Bidjovagge is going to come back as a very important project for us going forward. A little bit on the team. I do have a truly Nordic team here. I have been very successful in managing to get together what I believe to be one of the best teams in our space. I won't go too much into the details here, but I have most of my team based there in Stockholm, and really happy to have been able to attract over the likes of guys like Johan Spetz and Bino Drummond to come and join myself and Erik and Robert in more recent times onto the Board and the management team. Of course, on our advisory side, we have a few guys in here who you may well know and probably none more so than Lars-Eric Aaro, being a former Managing Director of LKAB and a senior executive within Boliden. I might say a boss of mine when I was working for Boliden back in the 1990s. Our focus, we are focusing on the critical metal space and more specifically copper. Why? I'm a mining engineer and mineral economist by profession. It's been a while since I was either of those. I've been more of an executive the last 15 years. I think when we were looking for projects within the Nordics, our focus was really on the copper and why. I think these three little diagrams here supported the whole thing. The demand is broadening. I think everybody would have heard about the electrification of everything, the amount of copper that's required for power grids, data centers on the AI side. So it's just getting bigger than Ben-Hur. Then on the supply side, I'm a firm believer that we've reached peak copper as an industry, which basically means that as an industry, it's going to be very difficult for us to supply the amount of copper that is required. That's just to keep the status quo. You throw the AI and electrification of everything on top of that, and it does concern me. I think from our point of view and my investors' point of view in Arctic, that gives us a fantastic opportunity because I think that it's just going to mean in the medium to long term, copper prices are just going to keep continuing go up. In the short term, they are already very good. I think we hit all-time highs last week, and I expect that that's going to continue as we go forward. A little bit on the regulatory tailwinds. I think that they're definitely in our favor in the Nordics. Norway, a brand-new minerals act has just come into play. What I find very exciting about that is that with our Bidjovagge project, yes, we have had some issues with that in the past. I don't think things have been managed very well between us and the Sámi people and the government. I have put in a bit of effort to, I guess, downplay the importance of that particular project. I think now with the changes in that minerals act, there's more money there designed to go directly to the Sámi peoples themselves. Look, we're very keen to go in there. Basically, we're a new company, a new Board, new management. We see an opportunity there to strike a deal, which is going to be very successful for everybody. I won't talk too much more about Bidjovagge now, but yeah, like I said before, keep an eye on it. On Sweden itself, the new mineral strategy that's come out of late, I've been working in and out of Sweden for the last 30 years. I've never been as bullish as what I am on the Swedish mining industry as what I am today. Look, I think with that combined with the EU Raw Materials Act that was enacted a couple of years ago. I think from a Swedish perspective, and I'm seeing some real positive signs coming out of the Mining Inspectorate or the Bergsstaten and SGU. I think there's a real understanding at the higher levels of government, irrespective of who it is that's in power after this election, are very positive towards mining. And it's really pleasing to see also that that's starting to cascade down into our relationships with the local communes. And we're putting in a huge amount of effort in that regard as we move forward. I think all of these things are definitely heading towards a significant improvement on the regulatory side of things in the Nordics itself. Just a quick slide here on our portfolio overview. I've already spoken about the four projects that we have. This slide here in the middle, or this diagram in the middle here, it really just shows us, and it's the pyramid that I always talk to. But I think it's ultimately that's where we want to get to the top of the pyramid with all of our projects. And we like to feed the more greenfields type exploration projects where we can add significant value for a very cheap price at the lower end. And we're going to continue to add in new projects as we build. But having the ability or that really well-balanced portfolio, I guess, is what I'm trying to say here, is having these couple of projects that we would call advanced exploration and now heading into development, especially with Hennes Bay and our other Swan Lake and Kuusi projects there as well. Talking about Hennes Bay. This is our flagship project, and I know this is what most people are interested in hearing about how we're going. Look, I'm really excited about how Hennes Bay is progressing. We're adding significant tonnage to this project at a very, very cheap price. We definitely received a free kick, I guess you could call it, when we first picked up the project and we recapitalized the company. We've completely changed the Board, the management team, a brand new company in essence. Took a historical resource that was drilled out by the Swedish state going back into the 1970s and 1980s, and now we've managed to put a JORC compliant resource around that of 55.4 million tons at about 1% copper equivalent. I've been out in the media quite a bit over the last year, and we've completed an underground conceptual mining study where we've demonstrated that there's a potential for a 4 million ton per annum operation here. We've done significant works on the, what do you call? The geophysical side of things. And then, of course, that's rolling into our drilling. I'll talk a little bit more about in these couple of slides to come, but I think what I'd like everybody to leave with here is that we have a huge amount of news flow coming up soon. We've basically just completed our DP1, our drilling program one, and I'm expecting some very exciting news to come out of that soon. That's all going to lead in for. We have a very busy five-year period to take us through to what we believe will be the timeframe to get us through to construction ready. Within that includes all of the milestones of the PEAs or scoping studies, the pre-feasibility studies, the feasibility studies, but also all of our permitting through our mining concession or our bergtillstånd, and our environmental miljötillstånd as we go. Talking a little bit more about Hennes Bay. For those of you that haven't heard me talk about it before, we nearly have 500,000 tons of copper, 37 million ounces, or a bit over 1,050 tons of silver content sitting in the ground today, and that's in our starter JORC compliant resource of 55.4 million tons. When I say starter, we've drilled less than 5% of our 414 sq km tenement package here. We've done significant work at Surface. We've also done significant work on the geophysics. We did our geophysics work last year. With our, I guess, highly technical MMT survey that we did, which highlighted that we've got an area 10 times larger than Dingelvik, where our 55.4 million ton sits. We've just completed another 150 sq km of MMT survey, which we expect to get some results out, hopefully, before the end of the year. We've more than doubled that area that we've looked for, sorry, for anomalies. I'm talking about the drilling itself. We just finished the DP1, the whole point of our drilling program number one was to bring these other sort of areas here, which you can sort of see here, Hanavik and Baldersnäs, and so on over there, where there's about an extra 4,000 m worth of historical drilling on top of the 10,000 m of drilling that we've used to build the Dingelvik MRE or mineral resource estimate. We've just completed another 4,000 m, that's 8,000 m of drilling that we've got to report through to you guys in the very near future. The purpose of that is to bring those other prospects into the JORC compliant resource. The DP2, which should be starting shortly. The whole purpose of that is it's about 8,000 m worth of drilling going into testing these anomalies that we have discovered through the MMT survey. A really exciting time in that regard. I spoke a little bit about the underground conceptual study. We're progressing that. That's a very important first part of the PEA that we hope to get out to you guys next year, and which will be an important part of the mining concession application. As I mentioned, 4 million ton per annum mine is very possible here. The ore body outcrops at surface, basically we're straight into the ore without having to put in a 1,000-meter decline to get to the bottom of it. We have at least 10 years' worth of mine production there. We haven't run the economics on that yet, of course, but my benchmarking is suggesting that this will be an extremely profitable mine as we move forward. That's to be proven, obviously, with the PEA. I think with the 10 years and 4 million tons per annum that we get out of the 55.4 million ton starter resource, with another 8,000 m worth of drilling to go on top of the 10,000 m that we have within the resource, then I expect that our resource will grow significantly, which is only going to add either to the length of the project or potentially even to the amount of tonnage per year. So, watch this space. Our metallurgical testing. We've got some historical testing here which suggests that our copper is between 90% and 95% returns on our assays, to create a potential concentrate of approximately 30% copper and over 400 g- 500 g per ton silver, just using conventional crushing, grinding, flotation to create that. So, no new technology really being used here. Everything's already been proven. It's been done before. Very low, what do you call it, potential penalty metals they're creating there. So we believe we're going to be creating a very clean concentrate, which is going to be extremely attractive to the European smelters. This slide here. Look, this one I haven't really shown before, but I think it's really interesting. If you get a chance to save this on your screen and have a closer look at it. I like to compare ourselves to how we're tracking against Viscaria, below. They're an obvious comparison for us. A very different ore body, but very similar sort of grades. We're sort of 10% higher grade than what they are at a similar stage. They're a similar size ore body as what we are. You can see how they've grown from that around about that SEK 230 million, SEK 300 million market capitalization, similar to what we have today, to around about that SEK 9.3 billion today. Going through all of the exactly the same milestones that we have to go through as an organization. You can see here, each time Viscaria hit one of these milestones, i.e. the exploitation concession, building their resource update up to 93 million tons, receiving their environmental permits, they've had a big jump in their value. Of course, this is a logarithmic scale, so consequently why it looks so flat. That was the only way I could get it in there. I mean, they've been so successful in growing their market capitalization. I guess, just to finish off, just a quick on the market overview. I don't have an awful lot of time yet, but I mentioned at the start, copper, I think, is where things are at for us as an organization. We're focused on the critical metals and the copper space, obviously, with the silver and the gold coming as a serious benefit. From a world view on the market, I think it's really important that everybody understands what's actually happening. I've spoken in the past about our timing is really perfect as far as Arctic is concerned. We went through the COVID period where, unfortunately, we had the situation where the Chinese really flexed their muscles and showed how they were not prepared to necessarily share their control over a lot of these critical metals, copper included, during that time. We have obviously had the Ukrainian invasion by Russia. We realized that we could not really rely upon our metal supply coming from there. We have had significant blockages created by the U.S. having put on tariffs. I think this really explains why, and there is a number of dates in here as to when these things have certainly happened. This explains why the European Union and Sweden is really trying to lead the charge on making sure that we can take care of our own supply of metals to the European community. Sweden is really trying to lead that charge, and Norway, of course, given our extremely good geology. I think from that, I will leave that there. I am more than happy to take any questions if there are any. Thank you for that presentation. We can go straight ahead to questions. We can go right ahead and start with, can you talk a little bit more about what you have done in Dalsland to avoid the local opposition that has stalled other Swedish projects? Yeah. Well, look, I have operated around the world in different places. Sweden, like Australia, like Canada, like the U.S., these are tier one or first-world countries. We are dealing with a very educated people, where everybody understands their rights. Sweden is no different from that. I think we have put in a huge amount of effort in educating at the local level and from a political perspective, at a local level and at a, I guess we call it a federal level or state level from a political perspective. That has also meant that we have started our, what do you call it, local office that we have there in Dalsland, where we are very open in being able to talk to the local people. We speak an awful lot with our local businesses within the area. Yeah, of course, there are always going to be a number of people that are not happy about mining in their backyards. We understand that. It is up to us to demonstrate that we can do this in the most environmentally friendly and least impact on these particular people as we go forward. But I think on the flip side as well, as I mentioned, the local businesses, they are very, very keen to get us there. I mean, I have got a number of businesses that I have been talking to that they have been more focused on the very cyclical side of the tourism industry. They are desperate to have some base industry within the area. And unfortunately, Dalsland is a little bit lagging behind the rest of the country when it comes to the industrialization of things. Look, I think, yes, that takes a lot of discussion and a lot of consultation, and we will continue to do that as we go forward. Yes. Thank you. Bidjovagge in Norway has an indicated resource and bonanza gold grades that is sitting on the shelf. Is it a candidate for sale or a joint venture to fund Hennes Bay? Look, everything is on the table, of course. But look, as a Board, we have decided that we want to have a well-balanced portfolio. So that means that we do not necessarily want to have just one project moving forward. As a junior exploration company, we live and die by our ability to generate good news and to get people excited about our stock. Bidjovagge is one of those sorts of projects. As you mentioned, it has got some absolutely world-class intersections there. I cannot remember what they are off the top of my head, but hang on, let me take a quick look. But there is some intersections there. 31 m at 5.3 g per ton gold and 1.34% copper, which includes 9 m at 10.8 g per ton gold and 2.35% copper. These are intersections that any company around the world would dearly love to have within their project. We have an awful lot of value that we can add to this particular project, which we believe we are not seeing any value whatsoever within our market capitalization. In other words, 99.9% of our market cap is built on Hennes Bay. I think we are doing a lot of technical work in the background. We believe that it is an awful lot bigger than what the historical work has been done on that, and we hope to be able to come out with some information on that soon. We are also starting discussions, where I have been up there to visit the Norwegian politicians. We are starting to have discussions again with the Sámi peoples with regards to the potential to make this a lot bigger and to bring it back into production at some point in time. Look, I think as with Hennes Bay, we have a five-year period here where we can add significant value to this, which we haven't seen on our market capitalization yet. But of course, all options are on the table as to how we fund this. We will see what the future holds. Yes. Thank you. To round it off, what are two milestones in the next 12 months that investors should watch out for? Yeah. Look, I think the most important thing for everybody to watch and keep a very close eye on it because it is not that far away, we have finished our DP1 drilling program. We are just about to finish our DP1 drilling program and roll into DP2. There is going to be results coming out from that very soon. I think visually, I am very excited about what I can see. I cannot go into any more detail than that until we release the results. But that is going to happen soon. That is probably the biggest one. You will also start to see some more information coming through from Bidjovagge, as I already mentioned. I guess the third one being, we have already started all of the technical background work or baseline studies for getting our mining concession application through. We are aiming for getting our mining application in by the end of 2027. For us to achieve that, we need to have upgraded our resource to a significant portion into indicated, as well as getting our PEA or scoping study done. We are extremely busy in the background, and these will all be material announcements as we release them to the market. Keep an eye out for those. Yes. Thank you so much for the presentation and for the questions, and I wish you the best of luck forward. Thank you very much, and thank you very much for your time, everybody. Thank you
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