Beowulf Mining PLC Aitolampi Graphite Project (8083M)
02 May 2018 - 4:00PM
UK Regulatory
TIDMBEM
RNS Number : 8083M
Beowulf Mining PLC
02 May 2018
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations ("MAR") (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
For the purposes of MAR and Article 2 of Commission Implementing
Regulation (EU) 2016/1055, this announcement is being made on
behalf of Kurt Budge, Chief Executive Officer.
2 May 2018
Beowulf Mining plc
("Beowulf" or the "Company")
Aitolampi Graphite Project - MRE and ESIA Roadmap Contracts
Awarded
Beowulf (AIM: BEM; Aktietorget: BEO), the mineral exploration
and development company, focused on the Kallak magnetite iron ore
project and the Åtvidaberg polymetallic exploration licence in
Sweden, and its graphite portfolio in Finland, is pleased to
announce that a Mineral Resource Estimate ("MRE") Contract has been
awarded to CSA Global Pty Ltd ("CSA Global"). CSA Global will
prepare a MRE in accordance with the guidelines of the JORC Code
(2012 edition). The MRE will be led by Dr Andrew Scogings.
Dr Scogings is a geologist with more than 25 years' experience
in industrial minerals exploration, product development and sales
management. He has published papers on reporting requirements of
the JORC Code 2012, with specific reference to Table 1 and Clauses
18 and 19 (Industrial Mineral Exploration Results) and Clause 49
(Industrial Mineral Specifications). He has published numerous
articles on industrial minerals in Industrial Minerals Magazine,
SEG Mining News, AIG News and AIG Journal, amongst others,
addressing aspects of Quality Assurance/Quality Control, bulk
density methods and petrography for industrial minerals
exploration. He has been senior author of two significant reviews:
Natural Graphite Report - Strategic Outlook to 2020 and Drilling
Grade Barite - Supply, Demand & Markets, both published in 2015
by Industrial Minerals Research (UK), and he has co-authored
several papers ranking global graphite exploration projects. Dr
Scogings is a Registered Professional Geoscientist (RP Geo.
Industrial Minerals) with the Australian Institute of
Geoscientists.
In addition, the Company has awarded a contract to Pöyry Finland
Oy ("Pöyry") to prepare an Environmental and Social Impact
Assessment ("ESIA") Roadmap, a detailed plan of requirements for
completing an ESIA study.
Pöyry is an international consulting and engineering company,
founded in 1958. Pöyry's strength is based on extensive knowledge
of the mining industry, excellent expert resources and knowledge of
international environmental and social performance criteria. Pöyry
is one of the leading environmental consultants in the Finnish
mining sector and it has participated in most of mining projects in
Finland during the past few years.
Enquiries:
Beowulf Mining plc
Kurt Budge, Chief Executive Tel: +44 (0) 20 3771 6993
Officer
Cantor Fitzgerald Europe
(Nominated Adviser & Broker)
David Porter Tel: +44 (0) 20 7894 7000
Blytheweigh
Tim Blythe / Megan Ray Tel: +44 (0) 20 7138 3204
Cautionary Statement
Statements and assumptions made in this document with respect to
the Company's current plans, estimates, strategies and beliefs, and
other statements that are not historical facts, are forward-looking
statements about the future performance of Beowulf. Forward-looking
statements include, but are not limited to, those using words such
as "may", "might", "seeks", "expects", "anticipates", "estimates",
"believes", "projects", "plans", strategy", "forecast" and similar
expressions. These statements reflect management's expectations and
assumptions in light of currently available information. They are
subject to a number of risks and uncertainties, including, but not
limited to , (i) changes in the economic, regulatory and political
environments in the countries where Beowulf operates; (ii) changes
relating to the geological information available in respect of the
various projects undertaken; (iii) Beowulf's continued ability to
secure enough financing to carry on its operations as a going
concern; (iv) the success of its potential joint ventures and
alliances, if any; (v) metal prices, particularly as regards iron
ore. In the light of the many risks and uncertainties surrounding
any mineral project at an early stage of its development, the
actual results could differ materially from those presented and
forecast in this document. Beowulf assumes no unconditional
obligation to immediately update any such statements and/or
forecasts.
This information is provided by RNS
The company news service from the London Stock Exchange
END
DRLLLFVREFILIIT
(END) Dow Jones Newswires
May 02, 2018 02:00 ET (06:00 GMT)
Beowulf Mining (LSE:BEM)
Historical Stock Chart
From Apr 2024 to May 2024
Beowulf Mining (LSE:BEM)
Historical Stock Chart
From May 2023 to May 2024